The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global services to buildings and dwellings market is poised for substantial growth, with an anticipated increase from $937.57 billion in 2022 to $1,033.4 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 10.2%. The market is expected to continue its upward trajectory, reaching $1,473.76 billion in 2027, driven by a CAGR of 9.3%. Let’s delve into key factors influencing this growth.

Combatting Pests: A Driving Force

• Incidence of Pests and Bugs: The market’s growth is fueled by a surge in the incidence of pests and bugs in households, ranging from ants and termites to roaches and mosquitos.
• Hazards and Concerns: Pests pose hazards, with termites causing structural damage, mosquitoes acting as disease vectors, and roaches and rodents spreading diseases like salmonella and rat bite fever.
• Health Implications: Cockroaches and rodents not only spread diseases but can also cause allergies and asthma, making pest control services an essential component of building maintenance.
• Statistical Insights: The 2021 American Housing Survey revealed 2.9 million reported sightings of roaches and rodents in U.S. homes, emphasizing the widespread need for pest control services.

Industry Leaders Shaping the Market

• Prominent Companies: Major players in the services to building and dwellings market include ABM Industries Inc., Rentokil Initial, BrightView, Rollins, ServiceMaster, TruGreen, Mitie Group PLC, Davey Tree Expert Company, Vonovia SE, and Chemed Corp.
• Diverse Offerings: These companies contribute to the market with a range of services, from exterminating and pest control to janitorial, landscaping, and carpet cleaning services.

IoT Revolutionizing Maintenance

• Adoption of IoT Technology: Companies in the sector are increasingly leveraging Internet of Things (IoT) technology for efficient monitoring and maintenance of client sites.
• Facility Management Benefits: IoT enables facility managers to monitor systems, identify deficiencies, and track ongoing processes through video surveillance and motion sensors.
• Automation for Prompt Response: Automation and control connected to a single device facilitate prompt responses to system failures, preventing major breakdowns.
• AWS IoT Device Management: Amazon Web Services (AWS) introduced IoT device management, offering customized software development and systems that simplify registration, organization, monitoring, and remote management of IoT devices at scale.

Market Segmentation

• Types of Services: The services to buildings and dwellings market is segmented into various service types, including exterminating and pest control services, janitorial services, landscaping services, carpet and upholstery cleaning services, and other services catering to diverse building maintenance needs.
• Modes of Engagement: Both online and offline modes cater to the preferences of clients, offering flexibility in accessing and procuring services.
• Applications Across Sectors: The market serves a wide range of applications, spanning commercial, industrial, governmental, institutional, residential, and municipal sectors, ensuring comprehensive coverage.

Regional Dynamics

• North America’s Dominance: In 2022, North America emerged as the largest region in the services to buildings and dwellings market, reflecting the region’s prominence and robust market share.
• Global Market Influence: Major players from North America, alongside counterparts from other regions, contribute to the global market’s vibrancy, establishing a network of services that transcends geographical boundaries.

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The Services to Buildings And Dwellings Global Market Report 2023  provides comprehensive insights on the services to buildings and dwellings market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the services to buildings and dwellings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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