Industry Analysis & Industry Trends
The Carpet Cleaning industry is expected to modestly increase as a result of a rise in per capita disposable income, which started to improve in 2011. Additionally, the number of businesses will increase, improving demand for commercial and residential cleaning services. In the five years to 2020, revenue is projected to increase, as per capita disposable income continues to rise and household formation rates increase as well. However, the continued adoption of hardwood and laminate flooring will mitigate demand for industry services... 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 2010 and 2020, industry value added is forecast to increase at an average annual rate of 2.0%... purchase to read more