Critical Market Drivers Shaping the Outlook for Services to Buildings And Dwellings Market from 2025-2034: Increase In Household Pests Expected To Drive Growth In The Services To Building And Dwelling Market
Discover trends, market shifts, and competitive outlooks for the services to buildings and dwellings industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Has The Services to Buildings And Dwellings Market Size Shifted, And What Is the Outlook Through 2034?
The market size of services to buildings and dwellings has experienced rapid expansion in the recent past. The growth is projected to increase from $1098.66 billion in 2024 to $1209.31 billion in 2025, yielding a compound annual growth rate (CAGR) of 10.1%. The surge during the historic period is due to factors like a boom in construction and real estate, urbanization, population growth, and property ownership.
The market size for services to buildings and dwellings is projected to witness substantial expansion in the following years, escalating to $1740.63 billion in 2029 with a compound annual growth rate (CAGR) of 9.5%. Factors contributing to this growth during the forecast period include sustainability and energy efficiency, technology assimilation, deteriorating infrastructure, and the increase in remote work and telecommuting. The key trends during this period will encompass Intelligent Building technologies, infrastructure aging and rehabilitation, eco-friendly building methods, and property technology (proptech).
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What Are the Core Growth Drivers Propelling the Services to Buildings And Dwellings Market Forward?
The anticipated surge in population growth is projected to fuel the expansion of the market for building and dwelling services. Population refers to the total count of individuals residing in a particular geographical location or region at a specific moment in time. This demographic concept is employed to determine the size of a community, city, country, or any other specified area. As more residential and commercial properties demand upkeep, management, and improved living conditions to house increasing urban populations, these population figures become significant. For example, the United States Department of Commerce, a U.S. executive department, reported in January 2022 that the population of the U.S. stood at 332,403,650 in 2022, marking a 0.21% increase in population since 2021. Therefore, it’s clear to see that the rise in population growth is pushing the expansion of the market for services to buildings and dwellings.
What Segment Types Define the Services to Buildings And Dwellings Market Structure?
The services to buildings and dwellings market covered in this report is segmented –
1) By Type: Exterminating And Pest Control Services, Janitorial Services, Landscaping Services, Carpet And Upholstery Cleaning Services, Other Services To Buildings And Dwellings
2) By Mode: Online, Offline
3) By Application: Commercial, Industrial, Governmental, Institutional, Residential, Municipal
Subsegments:
1) By Exterminating And Pest Control Services: Termite Control, Rodent Control, Bed Bug Extermination, Mosquito Control, Wildlife Control
2) By Janitorial Services: General Cleaning Services, Window Cleaning, Floor Care And Carpet Cleaning, Restroom Sanitation, Waste Management
3) By Landscaping Services: Lawn Care And Maintenance, Landscape Design And Installation, Irrigation Services, Tree And Shrub Care, Hardscaping
4) By Carpet And Upholstery Cleaning Services: Carpet Cleaning, Upholstery Cleaning, Stain Removal, Rug Cleaning
5) By Other Services To Buildings And Dwellings: Elevator Maintenance, HVAC Cleaning And Maintenance, Security And Surveillance Services, Moving And Hauling Services, Painting And Renovation Services
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Which Geographic Areas Hold the Strongest Growth Potential in the Services to Buildings And Dwellings Market?
North America was the largest region in the services to buildings and dwellings market in 2023. Asia-Pacific was the second-largest region in the services to buildings and dwellings market. The regions covered in the services to building and dwellings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Are the Key Market Trends in the Services to Buildings And Dwellings Market Over the Coming Years?
Leading firms in the services-to-buildings and dwellings market are introducing groundbreaking technology, like low-carbon heating systems, to deliver warmth while significantly reducing greenhouse gas emissions. Low-Carbon Heating Systems involve the use of technologies and techniques that offer heating services while drastically lowering greenhouse gas output, mainly by harnessing renewable energy sources and utilizing highly efficient systems. For example, in January 2024, the UK government’s Department for Levelling Up, Housing & Communities initiated a consultation on the decarbonization of residential, commercial, and public sector establishments. This consultation aimed to introduce new policies and regulations meant to boost energy efficiency and promote the switch to low-carbon heating systems. This effort is intended to enforce performance standards for new construction, ensuring that they comply with high fabric standards and are prepared for zero-carbon operations. The proposed changes in the consultation documents center around adjustments to building codes, with a focus on reducing carbon emissions and encouraging the growth of clean heat networks. These outcomes will predominantly impact house-builders and property developers.
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What Is the Definition of the Services to Buildings And Dwellings Market?
Services to buildings and dwellings encompass a wide range of offerings aimed at maintaining, managing, and enhancing residential and commercial properties. They play a crucial role in enhancing property value, ensuring compliance with regulations, and promoting a healthy living or working environment.
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