Services to Buildings And Dwellings Global Market Report 2024

The services to buildings and dwellings market size has grown strongly in recent years. It will grow from $1,033.43 billion in 2023 to $1,136.04 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth observed in the historic period in the services to buildings and dwellings industry can be attributed to several factors, including a construction and real estate boom that increased the demand for maintenance and services, urbanization trends, population growth, and the ownership of properties. These factors played a significant role in shaping the historical growth of this industry.

The services to buildings and dwellings market size is expected to see strong growth in the next few years. It will grow to $1,639.23 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The expected growth in the forecast period for the services to buildings and dwellings industry can be attributed to various factors, including a growing emphasis on sustainability and energy efficiency, the integration of technology into building management, the need to address aging infrastructure, and the increase in remote work and telecommuting. Major trends anticipated in the forecast period include the adoption of smart building technologies, efforts to address aging infrastructure through renovation, the promotion of green building practices, and the use of property technology (proptech) to enhance property management and services.

Anticipated increases in pest and bug infestations within households are set to drive the growth of the services to buildings and dwellings market. Household pests such as ants, termites, roaches, and mosquitoes pose significant concerns due to the structural damage caused by pests like termites, the role of mosquitoes and ticks as disease vectors, and the spread of diseases such as salmonella and rat bite fever by pests like cockroaches and rodents. Additionally, these pests can trigger allergies and asthma, creating a demand for services related to buildings and dwellings. For example, as reported by the 2021 American Housing Survey (AHS), conducted by the U.S. Census Bureau, there were 2.9 million documented sightings of both roaches and rodents in homes across the United States. Out of the approximately 124 million occupied housing units in the U.S., 14 million reported encountering roaches in their homes over the last year. Consequently, the increased incidence of pests and bugs in households is expected to be a driving force behind the services to buildings and dwellings market's growth.

The primary categories in the services to buildings and dwellings market include exterminating and pest control services, janitorial services, landscaping services, carpet and upholstery cleaning services, as well as other services related to buildings and dwellings. Extermination and pest control is a professional task that involves both prevention measures to keep insects out of structures and elimination efforts for those already present. These services can be accessed through online and offline channels and are applicable across commercial, industrial, governmental, institutional, residential, and municipal settings.

The services to building and dwellings market research report is one of a series of new reports 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.

The services to buildings and dwellings market is also poised to benefit from the expansion of the construction industry. Construction involves the creation of structures such as homes, factories, highways, and bridges, and the services related to buildings and dwellings play a vital role in this industry. These services encompass maintenance, repairs, and facility management. For instance, the U.S. Census Bureau's data from October 2023 projects construction expenditures of $1,983.5 billion in August 2023. This figure represents a 0.5% increase over the revised July projection of $1,973.7 billion. Moreover, the August amount is 7.4% higher than the August 2022 projection of $1,847.3 billion. Therefore, the growth of the construction industry serves as a significant driver for the expansion of the services to buildings and dwellings market.

To enhance the monitoring and maintenance of client sites, companies providing services to buildings and dwellings are increasingly incorporating Internet of Things (IoT) technology. IoT facilitates the continuous monitoring of system deficiencies, offering insights into building operations through features like video surveillance and motion sensors. Through automation and control consolidated into a single device and inter-device communication, the detection and resolution of issues at client sites become more efficient. IoT devices within buildings are programmed to alert service providers to system failures, enabling swift responses to prevent major breakdowns. Amazon Web Services (AWS) has introduced IoT device management, offering tailored software development and systems for this purpose. This system streamlines the registration, organization, monitoring, and remote management of IoT devices at scale, ensuring device security.

Leading associations in the services to buildings and dwellings market are forging alliances to instigate transformative changes. These alliances leverage a wide range of expertise and resources to address industry challenges and promote the development of a safer, more productive, and sustainable environment. For example, in February 2021, Actuate UK, an alliance based in the United Kingdom, was officially established, bringing together eight specialized engineering membership associations in the country. Actuate UK represents a collaborative effort across trade, technology, research, and professional bodies within the engineering services sector. The alliance's mission is to act as a catalyst for positive change within the construction industry, with a focus on enhancing safety, productivity, and sustainability in the United Kingdom's built environment.

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. .

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.

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

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.

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.


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