Press release
Global Value Of Termite Control Services Market Is Estimated To Be Worth Over USD 199 Million In 2022
Termite Control Services Market
The global termite control services market accounts for ~1% of the global pest control services market in 2022. The global termite control services market is estimated to have an absolute $ opportunity of USD 111 Million during the assessment period of 2022-2032.
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Termite Control Measures Essential to Curtail Structural Damage
Termite causes damage to both residential and commercial structures. The construction industry with the help of the government continues to recommend adequate termite control measures to reduce costs and risks associated with termite damage.
For instance, the Building Code of Australia necessitates an installation of an effective termite control system to minimize the risk of termite attack. The code requires protection to only primary building elements.
Global Termite Control Services Market by Category
• By Service Type :
o Chemical Control Service
o Organic Control Service
• By Service Nature :
o Contract Termite Control Services
o Ad-hoc Termite Control Services
• By End-User :
o Commercial Termite Control Services
o Residential Termite Control Services
o Industrial Termite Control Services
o Agriculture Termite Control Services
• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia
o Oceania
o MEA
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Competitive Landscape: Top Companies in Termite Control Services Market
The global termite control services market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced termite control services.
Key Companies Profiled
• Sanix Incorporated
• Arrow Exterminators Inc.
• Massey Services Inc.
• Service Master Global Holdings Inc. (Terminix)
• Anticimex
• Ecolab Inc.
• Rentokil Initial plc
• Rollins Inc.
• Porch.com Inc.
• Environmental Pest Services, LLC
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Termite control services providers are making significant investments in information technology and systems in their day-to-day operations. Software's automating receivables, payables, invoicing and billing, adoption of hand-held termite control servicing devices are expected to observe promising growth during the assessment period of 2022-2032.
Additionally, insurance-based services prevent risks associated with costs, predominantly for commercial customers. Escalating insurance policies penetration is poised to permit customers to control their expenses and gain hold of reliable termite control services providers.
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Key players are adopting various strategies such as mergers and acquisitions, joint ventures, partnerships, and product innovations to ensure their long-term sustenance in this market. In 2017, Arrow Exterminating Company, Inc. acquired Bugmaster Exterminators—U.S.-based company that specializes in commercial and residential termite control—to expand its presence in residential and commercial sectors by offering a full line of service.
Some of the key players in…
