0

Pest Control Services Market by Application, End-user, and Geography - Forecast and Analysis 2020-2024

  • Published: Sep 2020
  • Pages: 120
  • SKU: IRTNTR40560
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The pest control services market share is expected to increase by USD 5.10 billion from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 5%.

This pest control services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers pest control services market segmentation by end-user (residential and commercial), application (general pest control and termite control), and geography (North America, Europe, APAC, South America, and MEA). The pest control services market report also offers information on several market vendors, including Anticimex International AB, Arrow Exterminators Inc. , Asante Inc., Dodson Pest Control Inc., Ecolab Inc., Massey Services Inc., Rentokil Initial Plc, Rollins Inc., SANIX INC., and ServiceMaster Global Holdings Inc. among others.

What will the Pest Control Services Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Pest Control Services Market Size for the Forecast Period and Other Important Statistics

 

Pest Control Services Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing hospitality, pharmaceutical, and food industries is notably driving the pest control services market growth, although factors such as increasing availability of diy pest control products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pest control services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pest Control Services Market Driver

The increase in demand for insurance-based pest control services is driving the growth of the global pest control services market. Significant costs associated with pest control services are propelling many vendors in the market to create insurance-based pest control services for both residential and commercial customers. There is a growing interest from customers on including pest control coverage as a standard feature in home insurance plans.

Key Pest Control Services Market Trend

Vendors engage in M&A to consolidate their positions in new markets. Almost all major vendors seek inorganic growth to diversify their services. Through M&A, the major vendors invest significantly in the market. The entry of these players in emerging markets has increased awareness of the type and quality of services offered, thereby increasing the demand from new customers for the same. For instance, in 2018, Rentokil Initial acquired 42 pest control businesses that add local customers to its existing operations. The company is focusing on expanding its presence in the market in North America. In 2018, the company acquired 14 pest control businesses in North America. Through these acquisitions, the company recorded a 9.5% growth in 2018.

Key Pest Control Services Market Challenge

The increasing availability of DIY pest control products is hindering the adoption of professional pest control services. The demand for DIY pest control products is increasing due to the easy availability of self-use pest control products. Furthermore, information and instructions on product use are easily available, particularly through online sources. The demand for self-use pest control products is high, especially among residential customers that is a key revenue contributing market segment. This can be a major challenge for pest control service providers with respect to their growth. 

This pest control services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the pest control services market as a part of the global environmental and facilities services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pest control services market during the forecast period.

Who are the Major Pest Control Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including

  • Anticimex International AB
  • Arrow Exterminators Inc. 
  • Asante Inc.
  • Dodson Pest Control Inc.
  • Ecolab Inc.
  • Massey Services Inc.
  • Rentokil Initial Plc
  • Rollins Inc.
  • SANIX INC.
  • ServiceMaster Global Holdings Inc.

This statistical study of the pest control services market encompasses successful business strategies deployed by the key vendors. The pest control services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Anticimex International AB -  A few of the pest control services offered by the company include sanitation and treatment, termite control, fumigation, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pest control services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Pest Control Services Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pest control services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the pest control services market includes the following core components:

  • Inputs
  • Operations
  • Resourcing and communicating
  • Delivery and support
  • Connecting and innovating
  • Marketing and sales
  • Support activities
  • Innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Pest Control Services Market?

For more insights on the market share of various regions Request for a FREE sample now!

45% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for pest control services in North America. Market growth in this region will be slower than the growth of the market inthe South American, APAC, and MEA regions.

Factors such as stricter environmental regulations, decreasing demand for toxic solutions, less tolerance for pests, and the increasing willingness to buy pest control services will facilitate the pest control services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Pest Control Services Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The pest control services market share growth by the  residential segment will be significant during the forecast period. Urbanization is one of the key factors driving the demand for pest control services in the residential segment. The close proximity of living quarters in most of the urban centers allows pests to spread easily. This is aggravated by factors such as overcrowding, inefficient waste disposal, water logging during the rainy season, and poor quality of buildings, which are common in large cities.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pest control services market size and actionable market insights on post COVID-19 impact on each segment.

 

Pest Control Services Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2020-2024

$ 5.10 billion

Market structure

Fragmented

YoY growth (%)

2.03

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 45%

Key consumer countries

US, UK, Canada, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Anticimex International AB, Arrow Exterminators Inc. , Asante Inc., Dodson Pest Control Inc., Ecolab Inc., Massey Services Inc., Rentokil Initial Plc, Rollins Inc., SANIX INC., and ServiceMaster Global Holdings Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Pest Control Services Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive pest control services market growth during the next five years
  • Precise estimation of the pest control services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pest control services industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pest control services market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • General pest control - Market size and forecast 2019-2024
    • Termite control - Market size and forecast 2019-2024
    • Market opportunity by Application

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Residential - Market size and forecast 2019-2024
    • Commercial - Market size and forecast 2019-2024
    • Market opportunity by End-user

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2019-2024
    • Europe - Market size and forecast 2019-2024
    • APAC - Market size and forecast 2019-2024
    • South America - Market size and forecast 2019-2024
    • MEA - Market size and forecast 2019-2024
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Anticimex International AB
    • Arrow Exterminators Inc. 
    • Asante Inc.
    • Dodson Pest Control Inc.
    • Ecolab Inc.
    • Massey Services Inc.
    • Rentokil Initial Plc
    • Rollins Inc.
    • SANIX INC.
    • ServiceMaster Global Holdings Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The pest control services market growth will increase by $5103.00 million during 2019-2024.
    The pest control services market is expected to grow at a CAGR of 4.92% during 2019-2024.
    Technavio has segmented the pest control services market by end user (Residential and Commercial) ,application (General pest control and Termite control) , and geographic (North America, Europe, APAC, South America, and MEA).
    Anticimex International AB, Arrow Exterminators Inc. , Asante Inc., Dodson Pest Control Inc., Ecolab Inc., Massey Services Inc., Rentokil Initial Plc, Rollins Inc., SANIX INC., ServiceMaster Global Holdings Inc. are a few of the key vendors in the pest control services market.
    North America will register the highest growth rate of 44.97% among the other regions. Therefore, the pest control services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the pest control services market growth are:
    • Increase in demand for insurance-based pest control services
    The pest control services market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.
    Safe and Secure SSL Encrypted
    Technavio

    Single User:

    2500 USD

    Technavio Get the report (PDF) sent to your email within minutes.

    Subscribe & Save

    Get lifetime access to our
    Technavio Insights

    Want to customize this report?

    This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

    We offer $1000 worth of FREE customization at the time of purchase
    Technavio
    Enquire Before Buying
    1. Home
    2. Industrials
    3. Published Report
    17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>