Building Exterior Cleaners in the US Industry Market Research Report Now Available from IBISWorld

Demand for the industry's specialty services declined during the recession due to declining household spending on cleaning services and reduced demand from business clients. Since then, the industry has seen a turnaround. Rising business formation rates are expected to expand the industry's client base and boost revenue over the next five years. For these reasons, industry research firm IBISWorld has added a report on the Building Exterior Cleaners industry to its growing industry report collection.

Los Angeles, CA (PRWEB) September 25, 2012

The result was a 5.4% and 2.8% revenue decline in 2009 and 2010, stemming from a falling number of clients and increased price-based competition among operators. However, the industry turned the corner in 2011 and is expected to post a modest gain of 1.7% in 2012. The Building Exterior Cleaners industry has been positively affected by increases in household disposable income and a slight rise in business formation rates. Overall, in the five years to 2012, industry revenue declined at an average annual rate of 0.4%.

The Building Exterior Cleaners industry is highly fragmented. In fact, nonemployers make up the majority of firms in the industry. Even with declining business prospects, the number of companies operating in the industry increased at an average annual rate of 2.0% to an estimated 124,399 firms over the past five years. This was largely due to a flood of nonemployers entering the industry, lured by its low barriers to entry, which counterbalanced a declining number of employer companies during the recession, continues Moldvay. In addition, the highly localized nature of providing services also lends the industry to be made up of smaller, local firms that serve a specific region.

Over the next five years, the industry will face brighter conditions. From 2012 to 2017, per capita disposable income is projected to rise, resulting in a greater tendency for households to outsource cleaning services to industry operators. Furthermore, business formation rates are forecast to accelerate, leading to an expanded client market for the industry. As a result, the industry is expected to post solid gains over the next five years. For more information, visit IBISWorlds Building Exterior Cleaners in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld

Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This industry provides exterior cleaning services for residential and commercial buildings. Industry services include power washing and other cleaning services for windows, driveways, swimming pools, gutters and ventilation ducts. Firms also offer lighting maintenance and snow plowing services.

Industry Performance

Original post:
Building Exterior Cleaners in the US Industry Market Research Report Now Available from IBISWorld