How Is The Services to Buildings And Dwellings Market Segmented?
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
What Is Driving The Services to Buildings And Dwellings Market? Increase In Household Pests Expected To Drive Growth In The Services To Building And Dwelling Market
The rising population growth is expected to propel the growth of the services to buildings and dwellings market going forward. Population refers to the total number of individuals living in a specific geographical area or region at a given point in time, which is a demographic concept used to quantify the size of a community, city, country, or any other defined area as more residential and commercial properties require maintenance, management, and enhanced living conditions to accommodate growing urban populations. For instance, in January 2022, according to the United States Department of Commerce, a US-based executive department, the population in the US was 332,403,650 in 2022, which has increased to 0.21% in population from 2021. Therefore, rising population growth is driving the growth of the services to buildings and dwellings market.
What Is Driving The Services to Buildings And Dwellings Market? Growing Construction Industry Expected To Drive Growth In The Services To Buildings And Dwellings Market
The growing construction industry is expected to propel the growth of the services to buildings and dwellings market going forward. Construction refers to the process of constructing structures like homes, factories, highways, and bridges. Services to buildings and dwellings are essential for the construction industry, encompassing tasks such as maintenance, repairs, and facility management. For instance, in October 2023, according to the U.S. Census Bureau, a US-based important body within the United States Federal Statistics System, construction expenditures in August 2023 are expected to be $1,983.5 billion, a 0.5% (1.2%) increase over the revised July projection of $1,973.7 billion. Further, August amount is 7.4% (1.8%) more than the August 2022 projection of $1,847.3 billion. Therefore, the growing construction industry is driving the growth of the services to buildings and dwellings market.
Who Are The Major Players In The Global Services to Buildings And Dwellings Market?
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.
What Are The Key Trends Of The Global Services to Buildings And Dwellings Market? UK Government's Push for Decarbonizing Buildings with New Policies and Regulations
Major companies operating in the services to buildings and dwellings market are developing innovative technology, such as low-carbon heating system, to provide heat while minimizing greenhouse gas emissions. A Low-Carbon Heating System refers to technologies and methods that provide heating while significantly reducing greenhouse gas emissions, primarily through the use of renewable energy sources and high-efficiency systems. For instance, in January 2024, UK government, the department for levelling up, housing & communities, launched consultation on decarbonising residential, commercial, and public sector buildings aims to establish new policies and regulations designed to enhance energy efficiency and transition to low-carbon heating systems. This initiative seeks to set performance standards for new buildings, ensuring they meet high fabric standards and are zero-carbon ready. The consultation documents propose technical changes to building regulations, focusing on reducing carbon emissions and supporting the development of clean heat networks. The findings will primarily affect house-builders and property developers.
What Are The Key Trends Of The Global Services to Buildings And Dwellings Market? Artificial Intelligence (AI)-Enabled Solutions Revolutionizing The Services To Buildings And Dwellings Market
Major associations operating in the services to buildings and dwellings market are innovating technological developments such as artificial intelligence (AI)-enabled suite. An artificial intelligence (AI)-enabled suite refers to a collection of integrated software tools and applications that utilize AI technologies to enhance automation, decision-making, and overall performance across various tasks and processes. For instance, in June 2022, Siemens AG, a Germany-based automation company launched Building X. Building X is an innovative open AI-enabled suite designed to facilitate the development of net-zero buildings. The Building X suite offers a range of applications and digital services, specifically designed for various stakeholder groups, all integrated on an AI-powered platform. Building X is designed to be modular and scalable, allowing it to integrate seamlessly with existing building systems. Building X allows for proactive management of building operations, leading to reduced energy costs and improved sustainability outcomes.
Regional Outlook For The Global 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.
The countries covered in the services to buildings and dwellings market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Services to Buildings And Dwellings Market?
The services to the building and dwellings market consist of revenues earned by entities by providing services such as landscaping services, pest control services, and other related services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Services to Buildings And Dwellings Industry?
The services to building and dwellings market research report is one of a series of new reports from The Business Research Company that provides services to building and dwellings market statistics, including services to the building and dwellings industry global market size, regional shares, competitors with services to building and dwellings market share, detailed services to building and dwellings market segments, market trends and opportunities, and any further data you may need to thrive in the services to building and dwellings industry. This services to building and dwellings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
