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Increase In Household Pests Expected To Drive Growth In The Services To Building And Dwelling Market: A Key Catalyst Accelerating Services to Buildings And Dwellings Market Growth in 2025
Services to Buildings And Dwellings Market
Services to Buildings And Dwellings Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been notable growth in the market size of services to buildings and dwellings in the past few years. A rise from $1097.82 billion in 2024 to $1200.4 billion in 2025, marking a compound annual growth rate (CAGR) of 9.3%, is anticipated. The factors contributing to the growth in the historic period include the rise in construction and real estate activities, urbanization, population increase, and property ownership.
Services to Buildings And Dwellings Market Size Forecast: What's the Projected Valuation by 2029?
The market size of services to buildings and dwellings is anticipated to experience robust expansion in the coming years. It is projected to surge to $1738.96 billion by 2029, at a compound annual growth rate (CAGR) of 9.7%. This growth over the projected period is due to factors such as sustainability and energy efficiency, integration of technology, aging infrastructure, and the rise in remote work and telecommuting. Key trends over the forecast period include the utilization of smart building technologies, refurbishment and aging infrastructure, environmentally friendly building practices, and property technology (proptech).
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What Are the Drivers Transforming the Services to Buildings And Dwellings Market?
The uptick in population growth is projected to boost the development of the market for services to buildings and dwellings moving forward. The term population denotes the aggregate number of people residing in a defined geographical domain or region at a specific time. It is a demographic notion employed to assess the size of a community, city, country, or any other designated area. The growing need for maintenance, management, and improved living conditions in more residential and commercial properties is brought on by rising urban populations. For example, data from the United States Department of Commerce revealed that the US population in January 2022 was 332,403,650, marking an increase of 0.21% from 2021. Therefore, accelerated population growth is propelling the expansion of the market for services to buildings and dwellings.
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What Long-Term Trends Will Define the Future of the Services to Buildings And Dwellings Market?
Leading corporations in the services to buildings and dwellings market are focusing on the creation of advanced technology like low-carbon heating systems that can offer heating solutions while significantly decreasing greenhouse gas emissions. Low-Carbon Heating System involves technologies and processes that permit heat provision accompanied by significant greenhouse gas emission reductions, primarily by relying on renewable energy sources and high-efficiency systems. For example, in January 2024, the UK government, specifically the department for levelling up, housing & communities, initiated a consultation on decarbonizing residential, commercial, and public sector buildings. This strategy aims to introduce new policies and regulations geared towards boosting energy efficiency and transiting to low-carbon heating systems. Through this, performance standards for new buildings are to be established, ensuring they uphold high fabric standards and are prepared for zero-carbon. The consultation documents offer proposed technical changes to building regulations, emphasizing the reduction of carbon emissions and fostering the evolution of clean heat networks. The findings are likely to impact mainly house-builders and property developers.
Which Segments in the Services to Buildings And Dwellings Market Offer the Most Profit Potential?
The services to buildings and dwellingsmarket 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 Firms Dominate the Services to Buildings And Dwellings Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest 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 2024. 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.
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