Industry Analysis & Industry Trends
The industry suffered during the recession as consumers changed their preferences to hardwood or laminate flooring and disposable incomes fell. As the economy moves into a recovery, incomes will climb, supporting demand for carpet cleaning services. Furthermore, increased household formation rates will benefit the industry... purchase to read more
Industry Report - Industry Analysis Chapter
The Carpet Cleaning industry provides a staple service to households and business clients; however, recessionary conditions during the past five years stymied industry operators as clients increasingly stretched out service appointments, opting for do-it-yourself methods. Consequently, over the five years to 2013, industry revenue is expected to decline at an average annual rate of 1.8% to $3.9 billion.
Demand for carpet cleaning services is primarily linked to trends in per capita disposable income, consumer confidence and the number of US households and businesses. These drivers have experienced volatility in the past five years, largely as a result of the recession. The Carpet Cleaning industry also faces strong competition from a variety of fronts... purchase to read more