Press release
Emerging Services to Buildings And Dwellings Market Trend 2025-2034: UK Government's Push for Decarbonizing Buildings with New Policies and Regulations
The market for services to buildings and dwellings has seen rapid expansion recently. It is projected to increase from a value of $1098.66 billion in 2024 to $1209.31 billion in 2025, with a compound annual growth rate (CAGR) of 10.1%. Factors such as a thriving construction and real estate sector, urbanization, population growth, and property ownership have contributed to the growth in the past period.
In the coming years, robust growth is anticipated for the services to buildings and dwellings market as it is predicted to reach $1740.63 billion in the year 2029. This incline, with a compound annual growth rate of 9.5%, is attributed to factors like sustainability and energy efficiency, the integration of technology, aging infrastructure, and the shift to remote work and telecommuting. Key trends propelling this growth during the forecast period incorporate smart building technologies, infrastructure age and renovation, green building practices and property technology (proptech).
What Are the Key Drivers Behind the Growth of the Services to Buildings And Dwellings Market?
The swell in population is projected to spur the development of the services to buildings and dwellings market. The concept of population encompasses the total count of individuals residing in a certain geographical region or area at a specific moment in time and is used as a statistical measure to gauge the size of a city, country or any defined space. This information is crucial as increased residential and commercial properties necessitate improved management, upkeep, and optimised living conditions to cater to burgeoning urban populations. For instance, data from the United States Department of Commerce, a US executive department, reported that the US population stood at 332,403,650 in 2022, marking a 0.21% increase from 2021. Consequently, this surge in population growth is fueling the expansion of the services to buildings and dwellings market.
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Who Are the Major Industry Players Fueling Services to Buildings And Dwellings Market Expansion?
Major companies operating in the services to buildings and dwellings market include ABM Industries Inc., Rentokil Initial Plc, BrightView Holdings Inc., Rollins Inc., ServiceMaster Company LLC, TruGreen Inc., Mitie Group PLC, Davey Tree Expert Company, Vonovia SE, Chemed Corp, Collins Building Services Inc., Jones Lang LaSalle Inc., Cushman & Wakefield Plc, CBRE Group Inc., Compass Group plc, Sodexo SA, Aramark Corporation, Mitie Group plc, International Service System World, G4S plc, Allied Universal Security Services LLC., Ugl Engineering Private Limited, ATALIAN Global Services Inc., BGIS Global Integrated Solutions Canada LP, Bilfinger SE, Engie SA, Eurest Services, Facilitysource LLC, GDI Integrated Facility Services Inc., Johnson Controls International plc, KBR Inc., OCS Group Limited, SNC-Lavalin Group Inc., Veolia Environnement SA, Waste Management Inc., Republic Services Inc., Waste Connections Inc., Advanced Disposal Services Inc., Casella Waste Systems Inc.
Which Key Developments Are Influencing the Services to Buildings And Dwellings Market?
Leading corporations in the services-to-buildings and dwellings market are engineering revolutionary technology, like low-carbon heating systems, to deliver heat and simultaneously lessen the emission of greenhouse gases. Low-Carbon Heating Systems are techniques and technologies that offer warmth while remarkably minimizing greenhouse gas emissions, primarily via renewable energy resources and highly efficient setups. For example, the UK government's Department for levelling up, housing & communities proposed changes to decarbonize residential, commercial, and public sector structures in January 2024. The plan aims to forge new rules and procedures to bolster energy efficiency and transition to low-carbon heating systems. The endeavor aims to lay down performance benchmarks for new edifices, ensuring they comply with high fabric standards and are prepared for zero-carbon. The proposed alterations in the consultation papers focus on curbing carbon emissions and fostering the growth of clean heat networks. These deductions will predominantly influence house-builders and property developers.
How Is the Segmentation of the Services to Buildings And Dwellings Market Defined?
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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What Is the Leading Region 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 Is Covered In The Services to Buildings And Dwellings Global Market Report?
- Market Size Analysis: Analyze the Services to Buildings And Dwellings Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Services to Buildings And Dwellings Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Services to Buildings And Dwellings Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Services to Buildings And Dwellings Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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