Street Cleaning Services
The Street Cleaning Services industry has a low level of market share concentration, with the three largest companies in the industry accounting for less than 3.0% of total revenue. The largest companies, Sweeping Corporation of America Inc., Joe's Sweeping Inc. and PAM Sweeping, each have a market share less than 1.0%.
Nonemployers make up the majority of the industry
• More than 75.0% of street cleaning service providers are sole proprietorships or nonemployers. This is largely due to the low cost of entering the industry. Small companies can start a street cleaning service company with a small low-cost street sweeper because most industry services do not need a large street cleaning truck.
Companies struggle to expand beyond local areas
• Concentration is also low due to the regional nature of the industry. Most companies operate locally and can struggle to expand beyond a limited area. Operating locally can keep transportation costs lower for street cleaning service providers because equipment needs to be driven between customers.
Contracts create price-based competition
• Street cleaning service providers typically operate on one-year contracts for commercial clients rather than individual services. These contracts often involve a bidding process that forces industry companies to offer competitive prices in addition to high quality service. This process can result in limited profit for industry companies.
This industry provides street cleaning services to municipalities and private businesses. This industry also includes parking lot and driveway cleaning services. The industry excludes street cleaning performed by government departments.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook