Industry Analysis & Industry Trends
During the five years to 2014, the Carpet Cleaning industry is expected to marginally increase, as it faces several obstacles throughout the period. During the recession, household formation rates slowed and stagnating per capita disposable income and heightened unemployment caused households to put off hiring carpet cleaning services. However, However, demand for carpet cleaning services started to improve in 2011, due to a modest rise in per capita disposable income. In the five years to 2019, industry revenue is expected to continue recovering, as more consumers become able to afford industry services again... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Carpet Cleaning industry is in the mature stage of its industry life cycle. Typically, consumers require professional carpet cleaning every one to two years. Thus revenue volatility for the industry is relatively low. Although some consumers do use rented carpet cleaning equipment to perform the service themselves, the majority of consumers with carpeting use professional cleaning services provided by the industry. Additionally, many business establishments such as office buildings, hotels, restaurants and airports, require professional carpet cleaning on an annual or biennial cleaning. As a result, there is a steady client base for the industry.
Between 2009 and 2019, industry value added is forecast to increase at an average annual rate of 1.6%... purchase to read more