What is the current size and annual growth rate of the services to buildings and dwellings market?
The services to buildings and dwellings market size has grown rapidly in recent years. It will grow from $1098.66 billion in 2024 to $1209.31 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to construction and real estate boom, urbanization, population growth, property ownership.
The services to buildings and dwellings market size is expected to see strong growth in the next few years. It will grow to $1740.63 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to sustainability and energy efficiency, technology integration, aging infrastructure, remote work and telecommuting. Major trends in the forecast period include smart building technologies, aging infrastructure and renovation, green building practices, property technology (proptech).
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Which major factors have contributed to the expansion of the services to buildings and dwellings 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.
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
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Who are the top competitors in the 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 most influential trends expected to drive the services to buildings and dwellings market forward?
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 major regional insights for the services to buildings and dwellings market, and which region holds the top position?
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 Does The Services to Buildings And Dwellings Market Report 2025 Offer?
The services to buildings and dwellings market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Services to buildings and dwellings encompass a wide range of offerings aimed at maintaining, managing, and enhancing residential and commercial properties. They play a crucial role in enhancing property value, ensuring compliance with regulations, and promoting a healthy living or working environment.
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