U.S. Structural Pest Control Market Size to Reach Revenues over USD 14 Billion by 2026 - Arizton

U.S. Structural Pest Control Market Size to Reach Revenues over USD 14 Billion by 2026 - Arizton

PR Newswire

CHICAGO, Feb. 2, 2021

CHICAGO, Feb. 2, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this U.S. structural pest control market report.

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The U.S. structural pest control market is expected to grow at a CAGR of around 5% during the period 2020−2026.

Key Highlights Offered in the Report:  

  1. Globally, the market for pest control services is dominated by North America, with a share of approximately 50%. The US leads the global market, as many key vendors are based in the country and are pioneers in the industry.
  2. The demand for warehouse cleaning is expected to surge in Central New Jersey, Long Island, Memphis, Northern New Jersey and, Detroit in the post COVID-19.
  3. Revenue of the pest control services increased by nearly around 12%, to almost USD 800 million in 2019. In 2019 the industry also witnessed a 3.6% increase in the number of post-construction termite jobs. The increase in the overall revenue share in the market is expected to grow further during the forecast period.
  4. Chemical pest control is more often used than mechanical methods because they are more effective in insect extermination. The chemical pest control market in the US was valued at over USD 5 billion in 2020 and is expected grow at a CAGR of approximately 6% during the forecast period.
  5. The residential pest control market in the US was valued at USD 4.5 billion in 2020. Around 60% to 70% of the revenue in residential pest control services comes from services rendered under contractual contracts, while the balance comes from one-time clean-out practices.
  6. In the commercial sector, corporate office space generates highest demand for structural pest control in major growing states such as California, Washington, Texas, New York, and Nevada and are anticipated to increased exponentially in the forecast period.
  7. The future outlook for pest control services is positive, with economy-related challenges being the biggest stalemate. The commercial sector is expected to bear a negative impact on account of COVID-19.

Key Offerings:

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U.S. Structural Pest Control Market – Segmentation

U.S. Structural Pest Control Market by Type

U.S. Structural Pest Control Market by Method

U.S. Structural Pest Control Market by Application

U.S. Structural Pest Control Market – Dynamics

There are two types of digital trends that are being followed globally. However, the penetration rate in the US is currently low and but it is soon expected to adapt to the digital technologies with the growing structural pest control market. For instance, in 2019, Anticimex launched its digital technology in the US - SMART technologies, which is the digital solution for pest control. In the second half of 2019, Anticimex renewed its emphasis on commercial SMART applications as competition and take-up from residential customers continued to increase. The digital trends are – digital pest control using cameras, mobile access, tablets, software, cloud computing, and data analytics to provide new standards of efficiency, response time, analysis, and productivity in pest management. Vendors are actively investing in these technologies and are expected to be one of the major trends in the coming years.

Key Drivers and Trends fueling Market Growth:

U.S. Structural Pest Control Market – Geography

On a commercial level, flexible workspaces have significantly grown, along with IT infrastructure with a heavy focus on sustainability. The region has the cleanest programs, mechanisms, and policies that can enhance the adoption of cleaning services. The market is also largely characterized by skyscrapers, especially in New York, which can drive the market for general pest control services. However, the unemployment rate in the North-East is high and can hamper the growth in the commercial spaces. The industry was also hit after the COVID-19 outbreak. While Boston and Massachusetts remain the most lucrative markets with strong economies, New Hampshire has been hard hit hard by the pandemic. Maryland has one of the strongest economies nationwide. The state is driving a lot of industrial demand from sectors such as mining. The construction industry in the north-eastern states is highly developed, driven by the increase in construction and renovation activities across states.

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U.S. Structural Pest Control Market by Geography

Major Vendors

Other Prominent Vendors

Explore our chemicals & materials profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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