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2024 U.S. Industry Statistics & Market Forecast - Carpet and Upholstery Cleaning Services
Market Size & Industry Statistics
The total U.S. industry market size for Carpet and Upholstery Cleaning Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Carpet and Upholstery Cleaning Services industry include:- Environmental awareness and green cleaning solutions
- Technological advancements in cleaning equipment
- Increasing demand for residential cleaning due to remote work trends
- Health and hygiene awareness post-pandemic
- Expansion into additional services like disinfection and sanitization
- Integration of digital tools for scheduling and customer service
- Growth in commercial real estate requiring maintenance
- Seasonal demand fluctuations
- Labor shortages and workforce management challenges
- Impact of economic conditions on discretionary spending
- Offshoring of customer service operations for cost savings
- Regulations and compliance standards in chemical use
Product & Services Breakdown
Research products and services in the Carpet and Upholstery Cleaning Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Commercial Cleaning Services |
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Janitorial And Custodial Services |
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Damage Restoration Cleaning Services |
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Hard Surface Floor Care Services |
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Carpet, Rug, And Upholstery Cleaning Services |
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Carpet, Rug, And Upholstery Cleaning - On-Site, Including Curtains And Drapes - Residential |
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Carpet, Rug, And Upholstery Cleaning - On-Site, Including Curtains And Drapes - Commercial |
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Carpet, Rug, And Upholstery Cleaning - Off-Site, Excluding Curtains And Drapes |
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Other Cleaning Services For Buildings And Dwellings |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Carpet and Upholstery Cleaning Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Carpet and Upholstery Cleaning Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Carpet and Upholstery Cleaning Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Building and Grounds Cleaning and Maintenance Occupations | 80% | |||
| Supervisors of Building and Grounds Cleaning and Maintenance Workers | 7% | |||
| First-Line Supervisors of Building and Grounds Cleaning and Maintenance Workers | 7% | |||
| Building Cleaning and Pest Control Workers | 46% | |||
| Building Cleaning Workers | 42% | |||
| Janitors and Cleaners, Except Maids and Housekeeping Cleaners | 38% | |||
| Grounds Maintenance Workers | 28% | |||
| Grounds Maintenance Workers | 28% | |||
| Landscaping and Groundskeeping Workers | 25% | |||
| Office and Administrative Support Occupations | 6% | |||
Carpet and Upholstery Cleaning Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Carpet and Upholstery Cleaning Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Carpet and Upholstery Cleaning Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Carpet and Upholstery Cleaning Services industry. |
Source:
Innovation News
- Dec 31, 2023: 24 Restore NE trademarks "24 CARES" - Promoting charitable donations for others
- Oct 20, 2023: 24 Restore NE trademarks "24 CONTENTS CLEANING & STORAGE" - Providing storage services
- Oct 16, 2023: 24 Restore NE trademarks "24 CARES" - Promoting charitable donations for others
Recent Federal Contracts for Carpet and Upholstery Cleaning Services
- Mar 13, 2024: EXECUTIVE CLEANING SVCS LLC (Huntington, NY) awarded $223,080
- Mar 13, 2024: HEALTH MATS COMPANY (Chester, PA) awarded $57,096
- Mar 07, 2024: CITIBANK, N.A. (Sioux Falls, SD) awarded $11,528
- Mar 05, 2024: CARPET RESOURCES, INC. (Great Falls, VA) awarded $6,998
- Mar 05, 2024: CHELSEY CLEAN JANITORIAL LLC (Blacklick, OH) awarded $17,375
- Feb 26, 2024: B&L ACQUISITION GROUP, LLC (Cleveland, OH) awarded $187,520
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