Industry Analysis & Industry Trends
Over the five years to 2017, Carpet Cleaning industry revenue is expected to modestly increase, as growth in household formation rates expanded the available client base for industry operators. In the coming years, rising per capita disposable income will positively affect the industry because it will increase consumers' propensity to spend on carpet cleaning services that are typically performed every one to two years. Household formation rates are expected to rise as well, as more consumers will be able to afford their own units, thanks to projected improving employment rates... 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 basis. As a result, there is a steady client base for the industry.
Over the 10 years to 2022, industry value added is forecast to increase at an annualized rate of 2.0%. Thi.. purchase to read more