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 - Starting a New Business Chapter
There are low barriers to entry for the Carpet Cleaning industry. The industry is highly fragmented. Furthermore, there are minimal industry-specific regulations and a low level of capital intensity. There is, however, a high degree of competition in the industry.
Start-up costs vary depending on location and the scale of operations. New businesses will need to secure an operational facility to store equipment. Furthermore, companies will need to purchase vehicles to transport equipment to client homes and businesses. Additionally, new entrants will need to purchase carpet cleaning equipment which may come in the form of equipment for: steam cleaning, dry cleaning, bonnet cleaning, shampoo cleaning or foam cleaning which necessitates slightly different cleaning equipment... purchase to read more