The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Key information about House Prices Growth

• US house prices grew 5.2% YoY in Dec 2024, following an increase of 5.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Dec 2024, with an average growth rate of 5.4%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.

Metaverse Digital Real Estate Market Outlook

The global Metaverse Digital Real Estate market size was valued at approximately USD 1.9 billion in 2023, projected to grow to around USD 8.3 billion by 2032, with a compound annual growth rate (CAGR) of 18.1% over the forecast period. The primary growth factor for this market is the increasing adoption of virtual reality (VR) and augmented reality (AR) technologies across various sectors, fostering a robust demand for digital real estate within the metaverse.

One of the significant growth drivers for the Metaverse Digital Real Estate market is the rapid advancement and integration of VR and AR technologies. These technologies enhance user engagement and create more immersive experiences, prompting businesses to invest heavily in virtual real estate. This trend is particularly marked in the gaming and entertainment sectors, where companies leverage digital spaces to create expansive, interactive environments for users. Additionally, the proliferation of blockchain technology and non-fungible tokens (NFTs) has further legitimized digital property ownership, providing secure and transparent transactional frameworks.

Another critical factor propelling market growth is the rising interest in decentralized platforms. These platforms offer more flexibility and security compared to centralized systems, making them appealing to a broad range of users, from individual developers to large corporations. Decentralized platforms also empower users by providing more control over their digital assets, fostering a sense of community and ownership, which is integral to the metaverse economy. The increasing use of cryptocurrencies in these transactions also simplifies the buying and selling process, further driving market expansion.

The growing trend of remote work and virtual social interactions, accelerated by the COVID-19 pandemic, has also contributed significantly to the demand for metaverse digital real estate. As more people shift to online platforms for socializing, working, and conducting business, the need for virtual spaces that can accommodate these activities has surged. Companies are investing in virtual offices, conference rooms, and social spaces to maintain productivity and engagement in a remote setting. This shift is expected to sustain even post-pandemic, providing a steady growth trajectory for the market.

The concept of Metaverse In E Commerce is gaining traction as businesses explore new avenues to enhance customer engagement and experience. By integrating metaverse technologies, e-commerce platforms can offer immersive shopping experiences that go beyond traditional online shopping. Customers can interact with 3D models of products, virtually try them on, and even explore virtual storefronts that replicate real-world shopping environments. This not only enhances the shopping experience but also helps in building stronger brand connections with consumers. As technology continues to evolve, the potential for metaverse applications in e-commerce is vast, paving the way for innovative business models and strategies.

From a regional perspective, North America held the largest market share in 2023 due to its advanced technological infrastructure and high adoption rates of VR, AR, and blockchain technologies. However, the Asia Pacific region is expected to witness the highest CAGR during the forecast period, driven by the rapid digital transformation in countries like China, Japan, and South Korea. The increasing investments in technology and the growing number of tech-savvy consumers in this region are set to boost market growth significantly.

Property Type Analysis

In the Metaverse Digital Real Estate market, property types are segmented into Virtual Land, Virtual Buildings, and Virtual Spaces. Virtual Land represents parcels of digital real estate in the metaverse that users can buy, sell, or develop. This segment has seen considerable growth as more users and companies recognize the potential for creating value within these virtual plots. The scarcity of virtual land on popular platforms drives up its value, making it a lucrative investment for early adopters and speculators. Moreover, virtual land can be developed into various forms, such as personal spaces, commercial areas, or entertainment zones, further enhancing its appeal.

Virtual Buildings, on the other hand, are constructed on virtual land and can serve multiple purposes, from residential to comm

Property Services Market Outlook

As of 2023, the global property services market size is valued at approximately USD 230 billion, with a projected growth to USD 385 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.2%. The market's robust growth is driven by the increasing demand across various segments, including residential, commercial, and industrial properties, coupled with evolving market dynamics such as technological advancements and changing consumer preferences. The rise in urbanization, particularly in emerging markets, has fueled the demand for comprehensive property services that cater to diverse needs ranging from property management to advisory services.

A primary growth factor in the property services market is the increasing urbanization and the subsequent rise in real estate development across the globe. As more people migrate to urban areas, the need for residential and commercial properties increases, stimulating demand for property services such as management, valuation, and brokerage. Additionally, the economic recovery post-COVID-19 has led to renewed interest in real estate investments, further driving market growth. Governments worldwide are also playing a crucial role by implementing policies that favor real estate development and infrastructure improvements, enhancing the attractiveness of the property market.

Technological advancements have significantly impacted the property services market, acting as a major catalyst for its growth. The integration of technologies such as artificial intelligence, the Internet of Things (IoT), and big data analytics in property management and valuation services has revolutionized the way these services are delivered. Property management software and platforms have improved operational efficiency, reduced costs, and enhanced customer satisfaction. Furthermore, virtual and augmented reality technologies are transforming the property viewing experience, allowing potential buyers and tenants to explore properties remotely. This technological shift is not only enhancing service delivery but also expanding market reach.

The fluctuation in global economic conditions also plays a pivotal role in shaping the property services market. Economic stability boosts consumer confidence, encouraging investments in real estate, which in turn propels the demand for property services. Additionally, the rise of middle-class income levels in developing countries is leading to increased home ownership and commercial property investments. Moreover, sustainable development and smart city initiatives are emerging trends that are expected to influence the market significantly. As cities evolve, the need for innovative property solutions that align with sustainability goals becomes paramount, driving further growth in the market.

Estate Agent Fees are a crucial consideration for both buyers and sellers in the real estate market. These fees, often a percentage of the property's sale price, compensate agents for their expertise and services in facilitating property transactions. As the market becomes more competitive, transparency in estate agent fees is becoming increasingly important. Consumers are seeking value for money, prompting agents to offer more comprehensive services to justify their fees. This trend is particularly evident in urban areas where property prices are higher, and the demand for professional real estate services is robust. Understanding the structure and negotiation of estate agent fees can significantly impact the overall cost of buying or selling a property, making it a vital aspect of the property services market.

Regionally, the property services market is witnessing varying growth trends. North America and Europe dominate the market due to well-established infrastructure and high demand for property services across all segments. In contrast, the Asia Pacific region is expected to register the highest CAGR during the forecast period, driven by rapid urbanization, growing population, and increasing investments in real estate. Emerging markets in Latin America and the Middle East & Africa are also showing promising growth potential, supported by government initiatives and foreign investments aimed at infrastructure development. These regional dynamics are creating a diverse and competitive landscape for property services across the globe.

Service Type Analysis

The property services market is segmented into various service types, including residential, commerci

The North American residential construction market, valued at $850 million in 2025, is projected to experience robust growth, driven by several key factors. A steadily increasing population, particularly in urban centers, fuels the demand for new housing units, both single-family homes and multi-family dwellings. Furthermore, favorable government policies aimed at stimulating housing development and improving infrastructure contribute to this positive market outlook. The renovation segment also presents a significant opportunity, as older homes require upgrades and modernizations, catering to a rising preference for energy efficiency and sustainable building practices. While rising material costs and labor shortages pose challenges, the market's resilience stems from consistent demand and the innovative solutions adopted by major players like Lennar, D.R. Horton, and PulteGroup. These companies are strategically investing in technological advancements and streamlined construction processes to mitigate these challenges and maintain profitability. The market is segmented by property type (single-family and multi-family) and construction type (new construction and renovation), allowing for targeted investment and development strategies. The continued expansion of suburban areas and the increasing preference for larger living spaces further contribute to the market's expansion. The projected Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2033 indicates sustained growth. This growth, however, is expected to fluctuate year-over-year depending on macroeconomic conditions such as interest rates and overall economic performance. Factors like fluctuating material prices, potential changes in building codes, and shifts in consumer preferences will influence the market’s trajectory. Nevertheless, the long-term forecast remains optimistic, supported by the continued need for affordable and sustainable housing solutions across North America, particularly in high-growth regions within the United States and Canada. The competitive landscape is characterized by both large national builders and regional players, leading to constant innovation and competition in pricing and design. This comprehensive report provides a detailed analysis of the North America residential construction market, offering invaluable insights for investors, builders, and industry stakeholders. Covering the period from 2019 to 2033, with a focus on 2025, this report meticulously examines market trends, growth drivers, challenges, and opportunities within the single-family, multi-family, new construction, and renovation sectors. Utilizing data from the historical period (2019-2024), the base year (2025), and an estimated forecast period (2025-2033), this report paints a clear picture of the market's trajectory. Recent developments include: December 2022: In southeast Columbus, D.R. Horton intends to build homes for USD 215 million., December 2022: According to the company's fourth-quarter results call, Lennar Corp. has decided not to proceed with its plans to spin off its multifamily subsidiary, Quarterra, by the end of the year owing to adverse market circumstances., December 2022: At the southeast corner of Idlewild Street and Plantation Road in south Fort Myers, a 17-acre site is being cleared. According to Lee County documents, the area will be transformed into the 52-home neighborhood of Addison Square. The land was purchased by Pulte Homes for USD 2.4 million in a deal facilitated by Chuck Mayhugh of Mayhugh Commercial Advisors. The homes will vary in price from more than USD 500,000 and have 1,600 to 3,400 square feet of living space, with the majority of the homesites being grouped together along a sizable, central lake. According to Pulte executives, construction on the model houses should start by the spring, with some of them being done by the summer.. Key drivers for this market are: Population Growth and Disposable Income, Demand from Office Sector Returning Post COVID-; Non-residential Construction on Upward Trend. Potential restraints include: Interests and Financing, Increase in Cost of Raw Materials. Notable trends are: 800,000 Housing Units Must Be Built Annually in Mexico to Keep Up with Demand.

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The door closer market share is expected to increase by USD 197.28 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.31%.

This door closer 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 door closer market segmentations by product (manual door closer and automatic door closer), end-user (commercial and industrial and residential), and geography (APAC, Europe, North America, MEA, and South America). The door closer market report also offers information on several market vendors, including Abus August Bremicker Sohne KG, Allegion Plc, ASSA ABLOY AB, Cal-Royal Products Inc., dormakaba International Holding AG, GEZE GmbH, ISEO Serrature Spa, Ryobi Ltd., Stanley Black and Decker Inc., and Tell Manufacturing Inc. among others.

What will the Door Closer Market Size be During the Forecast Period?

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' There is a rapid growth in the commercial real estate market, and the adoption of new technology and investments is revolutionizing the industry in APAC'

Door Closer Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth in the commercial real estate market is notably driving the door closer market growth, although factors such as competition among vendors 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 door closer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Door Closer Market Driver

One of the key factors driving the door closer market growth is the growth in the commercial real estate market. Door closers are deployed in most commercial spaces, such as restaurants, retail outlets, airports, and commercial office buildings. There is a rapid growth in the commercial real estate market, and the adoption of new technology and investments is revolutionizing the industry. Various reasons for the growth of commercial real estate investments are technological advancements, societal factors, lifestyle, and consumption patterns. The markets will see robust and volatile growth due to the introduction of low-interest rates across regions, boosting the market for commercial real estate investment. Commercial buildings, such as office spaces in the US and Europe, are expected to grow at a moderate rate. However, the markets in APAC will witness higher growth simultaneously over the coming years. In APAC, Australia will remain a popular destination for investment apart from China and Singapore. The growth of commercial segments, where aesthetics play a major role, will drive the demand for door closers.

Key Door Closer Market Trend

Rising demand for automatic door closers is the major trend influencing door closer market growth. The automatic door closer is a mechanical device that is fitted with springs to provide a fully adjustable closing speed. The automatic door closer works on both right and left-handed doors as well as on gates. The door closer automatically shuts the door, which helps in preventing accidents. The automatic door closer is free of maintenance. The latest trend in door closers is the automatic door closer, which is installed on business premises such as banks, offices, restaurants, and other commercial spaces. Vendors like DORMA offer automatic swing door operators, which are compact, next-generation, electromechanical doors. Door closers give an aesthetic appeal to space. They also help in minimizing heat loss due to improper closing of doors. GEZE offers automatic door closers that can open heavy doors. The smart swing feature of the door closer facilitates the effortless manual operation of the door. GEZE's online door calculator is the most flexible system, offering diverse operations. Its smart swing technology can be easily accessed manually. It also has a safe closing and opening mechanism.

Key Door Closer Market Challenge

Competition among vendors is one of the key challenges hindering the door closer market growth. With the increase in the prices of raw materials and increased competition among vendors, the profit margins of vendors are expected to decline in the market. The growth of the market is supporting the entry of new vendors. Local vendors focus more on the requirements of end-users and hence develop customized security solutions, making them a preferable choice over global vendors. The price-conscious end-users prefer investing in low-cost security solutions rather than in global brands. This reduces

Online Detached House Rental Market Outlook

The global online detached house rental market size is expected to grow from USD 50 billion in 2023 to USD 85 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 6%. This growth is largely driven by increasing urbanization, the proliferation of digital platforms, and the evolving preferences for rental accommodations over homeownership. Additionally, the convenience and transparency provided by online rental platforms have significantly contributed to the market's expansion.

One of the primary growth factors for the online detached house rental market is the increasing acceptance and reliance on digital technology. As more people become comfortable with online transactions and digital platforms, the ease of finding, comparing, and renting houses online has led to a surge in demand. Furthermore, advancements in virtual reality and augmented reality technologies have enhanced the house viewing experience, allowing potential tenants to tour properties remotely, which has widened the geographical scope of rental markets.

Another significant growth driver is the shifting attitude towards renting versus owning property, especially among younger generations. Millennials and Gen Z are more inclined towards flexible living arrangements that accommodate travel, career mobility, and lifestyle changes. The economic uncertainty post-COVID-19 has also made many wary of long-term financial commitments associated with homeownership, thus driving the rental market. The rising cost of homeownership in urban areas also contributes to this trend, making renting a more feasible option.

Additionally, the global urbanization trend plays a crucial role in fueling the market. As more people move to cities for better employment opportunities, the demand for rental housing, including detached houses, increases. Urban areas are witnessing a higher influx of professionals and families looking for spacious accommodations, driving the need for detached rental homes. Moreover, property owners are increasingly listing their properties on online platforms to reach a broader audience and ensure higher occupancy rates.

From a regional perspective, North America is expected to dominate the online detached house rental market due to its advanced digital infrastructure and high internet penetration rates. However, the Asia Pacific region is anticipated to exhibit the highest growth rate during the forecast period. This is attributed to rapid urbanization, growing middle-class population, and the increasing popularity of digital services in countries like China, India, and Southeast Asian nations. The integration of advanced technologies and the rising number of internet users in these regions further bolster market growth.

The concept of Vacation Rental has become increasingly popular in recent years, especially with the rise of platforms like Airbnb and Vrbo. Vacation rentals offer a unique opportunity for travelers to experience a home-like environment while exploring new destinations. These rentals often provide more space, privacy, and personalized amenities compared to traditional hotel accommodations. For property owners, vacation rentals present a lucrative opportunity to generate income, particularly during peak travel seasons. This trend has been further fueled by the growing preference for unique and immersive travel experiences, as well as the flexibility that vacation rentals offer in terms of location and duration of stay. As the vacation rental market continues to expand, it is expected to play a significant role in shaping the broader rental market landscape.

Property Type Analysis

In the online detached house rental market, property types are segmented into luxury detached houses and standard detached houses. The luxury detached houses segment caters to high-net-worth individuals and expatriates seeking premium accommodations with superior amenities. This segment often features properties with exclusive locations, extensive grounds, and high-end finishes, attracting a niche market willing to pay a premium for luxury and comfort. Although this segment represents a smaller portion of the overall market, it commands higher rental prices and contributes significantly to the market's revenue.

Standard detached houses comprise the larger segment, catering to the broader population including middle-income families and professionals. These houses offer essential am

The number of home sales in the United States peaked in 2021 at almost ************* after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to ***********. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

House Deep Cleaning Service Market Outlook

The house deep cleaning service market size is expected to grow significantly from its 2023 valuation of approximately USD 15 billion to an estimated USD 24 billion by 2032, exhibiting a robust CAGR of 5.5%. This growth is driven by increasing urbanization, rising disposable incomes, and the growing preference for professional cleaning services among households and businesses. The growing awareness about hygiene and cleanliness, especially after the COVID-19 pandemic, has also bolstered the demand for deep cleaning services.

One of the primary growth factors for the house deep cleaning service market is the rising urban population. As more people move to urban areas, the need for professional cleaning services increases. Urban dwellers tend to have busier lifestyles, leaving little time for extensive cleaning. Consequently, they are more inclined to outsource their cleaning needs to professional service providers. Additionally, urban centers often have higher pollution levels, making regular and deep cleaning essential for maintaining a healthy living environment.

Another significant growth driver is the rising disposable incomes of households worldwide. As people have more money to spend, they are more likely to allocate a portion of their budget to convenience services such as professional cleaning. This trend is particularly notable in emerging economies where the middle class is expanding rapidly. The willingness to spend on services that enhance quality of life is a crucial factor propelling the market's growth.

The increasing awareness about hygiene and cleanliness, particularly in the wake of the COVID-19 pandemic, has also played a pivotal role in driving the demand for house deep cleaning services. The pandemic underscored the importance of maintaining clean and sanitized living spaces to prevent the spread of infectious diseases. This heightened awareness has led to a surge in demand for deep cleaning services, as people seek to ensure their homes are thoroughly cleaned and disinfected.

From a regional perspective, North America and Europe are the leading markets for house deep cleaning services, driven by high urbanization rates and affluent populations. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period. The rapid urbanization and burgeoning middle class in countries like China and India are key factors contributing to this growth. Additionally, the increasing adoption of online booking platforms in these regions is making it easier for consumers to access professional cleaning services.

Service Type Analysis

The house deep cleaning service market can be segmented based on service type into one-time cleaning, regular cleaning, move-in/move-out cleaning, and post-construction cleaning. One-time cleaning services are in high demand due to their convenience for special occasions, such as pre-holiday cleanups or post-event cleaning. These services cater to clients who do not require regular cleaning but need a thorough cleaning on specific occasions. The flexibility and comprehensiveness of one-time cleaning make it a popular choice among consumers.

Regular cleaning services, on the other hand, are designed for clients who prefer consistent and ongoing cleaning. These services are typically scheduled on a weekly, bi-weekly, or monthly basis, providing clients with a clean and well-maintained living environment on a regular basis. This segment is particularly popular among busy professionals and families who prioritize maintaining a clean home but lack the time to do so themselves. The reliability and recurring nature of regular cleaning services ensure a steady stream of revenue for service providers.

Move-in/move-out cleaning services cater to individuals and families who are relocating. These services are essential for ensuring that a new home is thoroughly cleaned before moving in or that a vacated home is left in pristine condition for the next occupants. The demand for move-in/move-out cleaning services is closely tied to the real estate market, with higher demand during peak moving seasons. These services often include deep cleaning of all areas, ensuring a fresh start for new residents.

Post-construction cleaning services are specialized offerings designed to clean up after renovation or construction projects. These services are crucial for removing construction debris, dust, and other residues that accumulate during building projects. Post-construction cleaning require

The North American construction market, valued at $2.46 trillion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 4.82% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, increasing urbanization and population growth across the United States, Canada, and Mexico are creating significant demand for new residential and commercial buildings. Secondly, substantial investments in infrastructure projects, particularly in transportation networks and energy infrastructure upgrades, are stimulating considerable growth within the infrastructure construction segment. Furthermore, government initiatives promoting sustainable building practices and resilient infrastructure are further accelerating market expansion. The residential sector, encompassing new construction, additions, and renovations, constitutes a significant portion of the market, driven by strong housing demand and mortgage availability. Conversely, the commercial sector is experiencing growth fueled by expansion of existing businesses and the rise of e-commerce, necessitating more warehouse and logistics spaces. The industrial construction segment is also experiencing growth due to reshoring and near-shoring trends. However, the market is not without challenges. Rising material costs, labor shortages, and supply chain disruptions pose significant constraints on construction activity and project timelines. These factors contribute to increased project costs and potential delays. Furthermore, regulatory hurdles and permitting processes can impede project development. Despite these headwinds, the long-term outlook for the North American construction market remains positive, driven by sustained demand and ongoing investments in infrastructure and housing. Key players like Lennar Corporation, D.R. Horton, and Kiewit Corporation are well-positioned to capitalize on these opportunities while navigating the challenges. The market segmentation by construction type (additions, demolition, and new constructions) offers valuable insights into specific growth areas within this expansive sector. Recent developments include: June 2023: AXA XL's North American construction insurance business launched the Sustainability Circle. It is a network comprising 21 leaders in the sustainable construction industry. The goal of the initiative is to assist clients achieve their sustainability goals and enhance their construction risk management efforts., April 2023: Greystar Real Estate Partners LLC (“Greystar”) opened its flagship manufacturing facility for its modular construction business, Modern Living Solutions (“MLS”), which focuses on attainable and sustainable housing. The milestone was met with a ribbon-cutting ceremony at the western Pennsylvania site where MLS employed 170 full-time employees to execute the ramp-up and operations of its first modular factory.. Key drivers for this market are: Population Growth and Disposable Income, Demand from Office Sector Returning Post COVID-; Non-residential Construction on Upward Trend. Potential restraints include: Population Growth and Disposable Income, Demand from Office Sector Returning Post COVID-; Non-residential Construction on Upward Trend. Notable trends are: Residential Construction Segment Holds the Major Share in the Market.

Housekeeping Service Market Outlook

The global housekeeping service market size was valued at USD 210 billion in 2023 and is projected to reach approximately USD 390 billion by 2032, registering a CAGR of 6.8% during the forecast period. This growth is driven by an increasing demand for professional cleaning services across residential, commercial, and industrial sectors. Factors such as rising disposable incomes, a growing elderly population, and the increasing prevalence of dual-income households are propelling the demand for housekeeping services globally.

One of the key growth factors of the housekeeping service market is the escalating awareness and importance of maintaining cleanliness and hygiene, especially post the COVID-19 pandemic. The pandemic has significantly heightened the focus on sanitation, driving both individual households and businesses to invest in professional cleaning services to ensure safe and hygienic environments. This has led to a surge in the demand for housekeeping services, with an increasing number of service providers entering the market to meet this demand.

The expansion of the real estate sector is another critical factor contributing to the market's growth. The rise in new residential and commercial construction projects across the globe necessitates efficient post-construction cleaning services. Furthermore, the trend of rapid urbanization and increasing migration to urban areas are boosting the demand for housekeeping services, as urban dwellers seek convenient and professional cleaning solutions to manage their busy lifestyles.

Moreover, technological advancements and the proliferation of digital platforms have made it easier for consumers to access housekeeping services. Online booking modes and mobile applications have simplified the process of hiring professional cleaners, making it more convenient and efficient for consumers. This ease of access, coupled with competitive pricing strategies and customized service offerings, is expected to continue driving the market's growth.

As the demand for professional cleaning services grows, House Cleaning & Maid Service providers are becoming increasingly popular among urban households. These services offer a convenient solution for busy families and individuals who seek to maintain a clean and organized home environment without the hassle of doing it themselves. With the rise of dual-income households, there is a greater need for reliable and efficient cleaning services that can be tailored to fit various schedules and preferences. House Cleaning & Maid Service companies often provide a range of options, from regular maintenance cleaning to more intensive deep cleaning sessions, ensuring that clients can choose the level of service that best suits their needs.

Regionally, North America holds a significant share of the housekeeping service market, driven by high disposable incomes, a large working population, and a strong preference for professional cleaning services. Europe follows closely, with a robust demand stemming from the commercial sector. The Asia Pacific region is anticipated to witness the highest growth rate, fueled by rapid urbanization, rising disposable incomes, and an increasing awareness of hygiene and cleanliness.

Service Type Analysis

Within the housekeeping service market, the segmentation by service type encompasses standard cleaning, deep cleaning, move-in/move-out cleaning, post-construction cleaning, and other specialized services. Standard cleaning services, which include routine tasks such as dusting, vacuuming, and mopping, form the backbone of the industry. This segment is particularly popular among residential users who require regular maintenance of their living spaces.

Deep cleaning services are more intensive and involve thorough cleaning of areas that are often overlooked during standard cleaning. This includes scrubbing tiles, cleaning inside appliances, and other detailed tasks. The demand for deep cleaning is rising, especially from commercial establishments and households seeking periodic thorough cleaning to maintain high hygiene standards. Post-pandemic, there has been a marked increase in deep cleaning services as businesses and homes prioritize health and cleanliness.

Home Cleaning Service

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The sealants market share should rise by USD 3.49 billion from 2021 to 2025 at a CAGR of 5.02%.

This sealants 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 market segmentation by resin type (silicone, polyurethane, plastisol, emulsion, and others) and geography (APAC, Europe, North America, South America, and MEA). The sealants market report also offers information on several market vendors, including 3M Co., Avery Dennison Corp., BASF SE, Carlisle Companies Inc., Dow Inc., H.B. Fuller Co., Henkel AG and Co. KGaA, Illinois Tool Works Inc., Sika AG, and Wacker Chemie AG among others.

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Sealants Market: Key Drivers and Trends

The increased demand for sealants in the medical industry is notably driving the sealants market growth, although factors such as stringent environmental regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sealants industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This sealants 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 2021-2025.

Who are the Major Sealants Market Vendors?

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

3M Co.
Avery Dennison Corp.
BASF SE
Carlisle Companies Inc.
Dow Inc.
H.B. Fuller Co.
Henkel AG and Co. KGaA
Illinois Tool Works Inc.
Sika AG
Wacker Chemie AG

The vendor landscape of the sealants market entails successful business strategies deployed by the vendors. The sealants market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

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.

Download a free sample of the sealants market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Sealants Market?

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41% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for sealants market in APAC.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rising construction and real estate projects will facilitate the sealants market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Resin type Segments in the Sealants Market?

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The sealants market share growth by the silicone segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the sealants market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

    Sealants Market Scope




    Report Coverage


    Details




    Page number


    120




    Base year


    2020




    Forecast period


    2021-2025




    Growth momentum & CAGR


    Accelerate at a CAGR of 5.02%




    Market growth 2021-2025


    $ 3.49 billion




    Market structure


    Fragmented




    YoY growth (%)


    4.30




    Re

House Cleaning and Housekeeping Services Market size was valued at USD 113.74 Billion in 2024 and is projected to reach USD 215.65 Billion by 2032, growing at a CAGR of 8.33% during the forecast period. i.e., 2026-2032.The House Cleaning and Housekeeping Services Market is being propelled by rising dual-income households and busy urban lifestyles, which drive demand for time-saving cleaning solutions; heightened health and hygiene awareness post-COVID has led to increased spending on deep sanitization and regular maintenance; growing adoption of eco-friendly and green cleaning practices caters to environmentally conscious consumers; technological advancements—such as mobile booking apps, CRM systems, and on-demand scheduling—enhance convenience and operational efficiency; and expansion in both residential and commercial real estate sectors boosts the need for professional services across varied segments

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The carpet and upholstery cleaning services market share is expected to increase by USD 2.13 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.23%.

This carpet and upholstery cleaning 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 carpet and upholstery cleaning services market segmentation by end-user (commercial and residential) and geography (North America, Europe, APAC, South America, and MEA). The carpet and upholstery cleaning services market report also offers information on several market vendors, including ABM Industries Inc., Anago Cleaning Systems Inc., CleanNet USA Inc., Crest Commercial Cleaning Ltd., DuraClean, Eco Group Services, Jani-King International Inc., Pritchard Industries Inc., ServiceMaster Global Holdings Inc., and Stratus Building Solutions among others.

What will the Carpet and Upholstery Cleaning Services Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Carpet and Upholstery Cleaning Services Market Size for the Forecast Period and Other Important Statistics

Carpet and Upholstery Cleaning Services Market: Key Drivers, Trends, and Challenges

The increasing construction activities is notably driving the carpet and upholstery cleaning services market growth, although factors such as fluctuations in labor wages may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the carpet and upholstery cleaning services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Carpet and Upholstery Cleaning Services Market Driver

The growth of the global construction market is driven by developed economies that focus on improving their existing infrastructure. Factors such as low-interest rates, changes in the global economy, and the increase in direct real estate investment from institutional investors are expected to drive the global construction market during the forecast period. The growing global construction market provides tremendous opportunities for vendors operating in the global carpet and upholstery cleaning services market. The increasing adoption of carpet and upholstery cleaning equipment, such as carpet extractors, vacuum cleaners, automatic polishers, and scrubbers, creates further growth opportunities. There is an increasing demand for effective and fast cleaning services in the commercial and residential segments. In line with this, contract cleaning services are gaining traction in these segments. The growing global construction market, therefore, is expected to accelerate the demand for carpet and upholstery cleaning services over the coming years.

Key Carpet and Upholstery Cleaning Services Market Trend

Vendors operating in the global carpet and upholstery cleaning services market are focusing on developing new strategies to gain a competitive advantage and retain their dominant positions. To gain a competitive edge in the market, improve their service offerings, and increase their customer base, manufacturers primarily focus on partnerships. Several partnerships that aim at business expansions through service offerings via new distribution channels are being formed among vendors. Partnerships help contract cleaning service providers and technology providers to maintain their market positions. Therefore, numerous vendors are expected to enter into strategic alliances to gain a competitive edge, which will improve the availability of contract cleaning services in the market. Strategic partnerships, therefore, are likely to support the global contract cleaning services market in the forecast period.

Key Carpet and Upholstery Cleaning Services Market Challenge

Continuous fluctuations in labor wages can adversely impact the global carpet and upholstery cleaning services market. Underpayment is a serious challenge that results in low labor efficiency. This makes the training and hiring processes difficult. Various government initiatives have addressed this issue by increasing labor wages. However, this will have a negative impact on the market since labor wages account for a majority of the cost of contract cleaning services. The temporary nature of employment under fixed-term contracts and a lack of benefits create conflicts between employees and the company. Thus, fluctuations in labor wages will directly impact the revenues generated by vendors. Therefore, an increase in labor wages due to government policies to ensure employee welfare will have a negative impact on carpet and upholstery cleaning service providers.

This carpet and upholstery cleaning services market analysis report also provides

Office Cubicles Market Size And Forecast

Office Cubicles Market size was valued at USD 61 Billion in 2023 and is projected to reach USD 104.8 Billion by 2031, growing at a CAGR of 8.05% during the forecast period 2024-2031.

Global Office Cubicles Market Drivers

The market drivers for the Office Cubicles Market can be influenced by various factors. These may include: Economic Growth: The Office Cubicles Market is significantly influenced by economic growth. As economies expand, businesses seek to optimize workspace efficiency and employee productivity. Increased corporate investments in real estate, particularly in emerging markets, drive the demand for office space equipped with cubicles. Companies looking to accommodate a growing workforce necessitate the installation of modular office solutions. Furthermore, during periods of economic expansion, firms are more inclined to enhance their office environments, showcasing their commitment to employee well-being. This leads to higher demand for aesthetically pleasing and functional cubicles, fostering a competitive workforce that aligns with modern workspace trends.

Remote Work Trends: The rise in remote work trends, especially post-COVID-19 pandemic, has had a dual impact on the Office Cubicles Market. While some organizations are reducing their physical office footprints, others are adapting their workspaces to accommodate flexible working arrangements. Many firms are transitioning to hybrid models, necessitating the use of adaptable cubicle solutions that facilitate collaboration and privacy. This shift prompts companies to invest in modular cubicle designs that can be easily reconfigured based on workforce needs. Thus, the market sees a persistent demand for innovative cubicle solutions that cater to diverse office setups, balancing remote and in-office work environments.

Global Office Cubicles Market Restraints

Several factors can act as restraints or challenges for the Office Cubicles Market. These may include:

High Initial Investment Costs: The office cubicles market often experiences restraints due to the high initial investment costs associated with purchasing and installing modular office furniture. Organizations, particularly small and medium-sized enterprises, may hesitate to allocate substantial funds upfront, opting instead for budget-friendly solutions that limit customization and ergonomics. The capital-intensive nature of high-quality cubicle systems can deter businesses from making upgrades, thereby stifacing potential market growth. Furthermore, fluctuations in raw material prices can elevate these costs unpredictably, leading to further financial hesitation among companies assessing their workspace needs. As a result, high initial investments can significantly restrain market expansion.

Shift Toward Open Office Spaces: A notable restraint in the office cubicles market is the ongoing trend toward open office environments, which prioritize collaboration and communication over individual workspace partitioning. Companies are increasingly adopting designs that promote teamwork, leading to reduced demand for traditional cubicles. This shift is driven by the need for flexibility and adaptability in workplace layouts, which in turn can undermine the relevance of conventional cubicle systems. Additionally, organizations often perceive open spaces as fostering innovation and inclusiveness, thus limiting the growth potential of the cubicle market. As workplaces continue to evolve, this trend poses a significant challenge for traditional office cubicle suppliers.

The global cleaning services market was valued at USD 74.27 Billion in 2024. The hospitality sector’s shift toward outsourced deep-cleaning and hygiene audits has opened up specialised service contracts, enabling cleaning providers to scale operations and offer bundled regulatory compliance across high-traffic environments. As a result, the market is expected to grow at a CAGR of 6.40% during the forecast period of 2025-2034 to reach a value of USD 138.11 Billion by 2034.

The market is also driven by increased demand from sectors like healthcare, manufacturing, and commercial real estate. According to the Bureau of Labor Statistics, janitorial services are expected to grow by 3% in the United States. alone, reflecting the size and economic significance of this sector.

Government initiatives are further resulting in cleaning services market development. For instance, the United Kingdom government's Facilities Management Strategy 2022 mandated all public institutions to adopt sustainable and tech-integrated cleaning practices. Meanwhile, India’s Swachh Bharat Abhiyan (Clean India Mission) continues to expand the urban and rural cleaning service demand, with over 600,000 villages reportedly achieving "open-defecation-free" status, creating massive need for upkeep and sanitation maintenance.

Moreover, advanced cleaning has become a compliance mandate across all sectors. In the post-COVID landscape, businesses are investing more in specialised cleaning, such as electrostatic disinfection and UV-C sanitation. Companies are also under growing pressure to adopt green cleaning materials and IoT-based monitoring systems, fuelling demand for premium and tech-forward cleaning solutions. The global cleaning services industry is becoming more fragmented, driven by regional regulations, evolving hygiene standards, and rising outsourcing culture.

Formwork And Scaffolding Market size was valued at USD 54.61 Billion in 2023 and is projected to reach USD 85.96 Billion by 2031, growing at a CAGR of 6.7% from 2024 to 2031.

Global Formwork And Scaffolding Market Drivers

The market drivers for the Formwork And Scaffolding Market can be influenced by various factors. These may include:

The formwork and scaffolding market is influenced by a variety of factors that drive demand and impact market growth. Some key market drivers include:

Urbanization and Infrastructure Development: Rapid urbanization and the expansion of cities necessitate the construction of residential, commercial, and industrial buildings, boosting the demand for formwork and scaffolding systems. - Large-scale infrastructure projects, including bridges, highways, and railways, require substantial use of formwork and scaffolding.

Growing Construction Industry: The global construction industry's growth, particularly in emerging economies, fuels the demand for formwork and scaffolding solutions. Increased construction activities in sectors such as housing, healthcare, education, and commercial real estate contribute to market growth.

Technological Advancements: Innovations in formwork and scaffolding materials and systems, such as lightweight, durable, and easy-to-assemble products, enhance efficiency and safety, driving market adoption. The development of modular and pre-fabricated systems reduces construction time and costs, making them more appealing to contractors.

Safety Regulations and Standards: Stringent safety regulations and building codes mandate the use of reliable and secure formwork and scaffolding systems, encouraging their adoption. Increasing emphasis on worker safety and the prevention of construction-related accidents promote the use of high-quality scaffolding and formwork.

Economic Growth and Investments: Economic growth and rising disposable incomes in various regions lead to increased investments in construction and real estate, driving demand for formwork and scaffolding. Public and private sector investments in infrastructure and development projects spur market growth.

Renovation and Retrofit Activities: The need for the renovation and retrofitting of aging infrastructure and buildings generates demand for formwork and scaffolding solutions. Restoration and maintenance projects, particularly in historic and urban areas, contribute to market expansion.

Emergence of Green Building Initiatives: The rise of sustainable and eco-friendly construction practices encourages the use of innovative and efficient formwork and scaffolding systems. Government incentives and regulations promoting green building stimulate the market.

Global Events and Mega Projects: International events such as the Olympics, World Expo, and other large-scale events require significant temporary and permanent infrastructure development. - Mega projects in the Middle East, Asia, and other regions, including smart city initiatives, drive substantial demand for formwork and scaffolding.

Economic Recovery Post-Pandemic: The recovery of the construction sector post-COVID-19 pandemic has revived postponed or delayed projects, leading to renewed demand for formwork and scaffolding. These drivers collectively contribute to the growth and evolution of the formwork and scaffolding market, shaping its dynamics and influencing demand patterns globally.

Round Beds Market Outlook

The global round beds market size is expected to grow from USD 2.8 billion in 2023 to USD 4.7 billion by 2032, at a compound annual growth rate (CAGR) of 5.5%. This growth is largely driven by increasing consumer preference for unique and luxurious furniture pieces, a growing real estate market, and expanding hospitality and tourism industries.

One of the primary growth factors for the round beds market is the increasing consumer inclination towards unique and aesthetically pleasing home decor. As people spend more time at home, especially post the COVID-19 pandemic, there has been a significant surge in investment towards enhancing home interiors. Round beds, with their distinct shape and luxurious appeal, serve as a focal point in bedroom aesthetics, attracting more consumers. Additionally, the growth of social media and interior design shows has amplified consumer awareness and interest in unconventional furniture pieces, further boosting market demand.

Another crucial driver for the round beds market is the booming real estate sector. With urbanization on the rise, there is a growing demand for residential properties, particularly in developing regions. As new homes are built, there is a parallel surge in the need for high-quality and unique furniture. Round beds, with their space-efficiency and chic design, are increasingly being chosen by homeowners looking to make a style statement. Furthermore, the rise in disposable income among the middle-class population has enabled more consumers to invest in premium home furnishings, thereby driving market growth.

The hospitality industry's expansion significantly contributes to the round beds market's growth. Hotels, resorts, and luxury accommodations are constantly seeking to differentiate themselves by offering unique and memorable experiences to guests. Incorporating round beds into guest rooms and suites provides a luxurious and distinctive element that appeals to high-end travelers. This trend is particularly prominent in tourist-heavy regions, where the competition among hospitality providers is fierce. As the global tourism industry continues to recover and expand, the demand for round beds in commercial settings is expected to rise steadily.

In the context of the round beds market, the role of a Bedstead is pivotal. A bedstead refers to the framework of a bed, which supports the mattress and provides the necessary structure. In round beds, the bedstead is often designed to enhance the aesthetic appeal while ensuring stability and comfort. Manufacturers are increasingly focusing on creating bedsteads that are not only functional but also visually appealing, using materials such as wood, metal, or upholstered finishes. The design of the bedstead can significantly influence the overall look of the round bed, making it a crucial element for consumers seeking both style and durability in their bedroom furniture.

Regionally, North America and Europe currently dominate the round beds market due to the higher disposable incomes and advanced real estate sectors in these regions. However, Asia Pacific is expected to witness the highest growth rate during the forecast period. The rapid urbanization, expanding middle-class population, and increasing influence of Western home decor trends are driving market growth in this region. Additionally, the hospitality and tourism sectors in countries like China, India, and Thailand are flourishing, further boosting the demand for round beds.

Product Type Analysis

The round beds market is segmented into adjustable round beds, storage round beds, and standard round beds. Adjustable round beds are gaining significant traction due to their versatility and comfort. These beds allow users to adjust the head and foot sections according to their needs, making them ideal for people with specific health conditions or those who want enhanced relaxation options. The increasing focus on health and wellness has led to a surge in demand for furniture that promotes better sleep and comfort, thereby boosting the market for adjustable round beds.

Storage round beds are also witnessing a growing demand, particularly in urban areas where space is a premium. These beds come with built-in storage options, such as drawers or hidden compartments, making them highly functional for small apartments or homes with limited storage space. The trend towards minimalist living and the need for multipurpose furniture are key factor