Building Exterior Cleaners in the US - Industry Market Research Report
Description
Building Exterior Cleaners in the US
Building exterior cleaners offer an array of services to both residential and commercial clients, including swimming pool maintenance and cleaning, gutter cleaning and repair, parking lot sweeping and snow removal. As wage growth soared in the years right before the pandemic, household income increased. Since individuals had more money, they spent more on home improvements, raising demand for building exterior cleaners. COVID-19 caused corporate profit to plunge, resulting in reduced nonresidential construction. This decreased spending on the industry's services, causing revenue to fall. As the economy recovered from the pandemic, consumer spending soared, boosting demand for building exterior cleaning services from the residential and nonresidential sectors. Interest rates have skyrocketed recently, as the Federal Reserve has been increasing them to reduce inflation. Since the cost of borrowing is higher, fewer individuals have purchased homes or engaged in home improvements, causing downstream demand for building exterior cleaning services to decline. Overall, revenue for building exterior cleaners is anticipated to increase at a CAGR of 1.5% during the current period, reaching $11.9 billion in 2023. Revenue is forecast to creep upward 0.4% in the same year.
This industry provides exterior cleaning services for residential and commercial buildings. Services include power washing and other cleaning services for windows, driveways, swimming pools, gutters and ventilation ducts. Operators also offer lighting maintenance and snow plowing services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Building exterior cleaners offer an array of services to both residential and commercial clients, including swimming pool maintenance and cleaning, gutter cleaning and repair, parking lot sweeping and snow removal. As wage growth soared in the years right before the pandemic, household income increased. Since individuals had more money, they spent more on home improvements, raising demand for building exterior cleaners. COVID-19 caused corporate profit to plunge, resulting in reduced nonresidential construction. This decreased spending on the industry's services, causing revenue to fall. As the economy recovered from the pandemic, consumer spending soared, boosting demand for building exterior cleaning services from the residential and nonresidential sectors. Interest rates have skyrocketed recently, as the Federal Reserve has been increasing them to reduce inflation. Since the cost of borrowing is higher, fewer individuals have purchased homes or engaged in home improvements, causing downstream demand for building exterior cleaning services to decline. Overall, revenue for building exterior cleaners is anticipated to increase at a CAGR of 1.5% during the current period, reaching $11.9 billion in 2023. Revenue is forecast to creep upward 0.4% in the same year.
This industry provides exterior cleaning services for residential and commercial buildings. Services include power washing and other cleaning services for windows, driveways, swimming pools, gutters and ventilation ducts. Operators also offer lighting maintenance and snow plowing services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
45 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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