From 2013 to 2023, the output of Services to Buildings and Landscape Activities in the US surged from 145.55 billion USD to 323.17 billion USD. Analyzing year-on-year variations, we observe substantial growth, particularly in 2018 (13.83%) and 2021 (15.61%). The CAGR over the past five years stood at approximately 8.27%. For 2023, the market reached 323.17 billion USD with a year-on-year growth of 7.95%.
The forecasted data suggests continued growth into 2028, albeit at a slower pace, with a forecasted 5-year CAGR of 4.82%. The market is expected to hit 438.7 billion USD by 2028, translating to a forecasted 5-year growth rate of 26.52%.
Future trends to watch for include the integration of sustainable and eco-friendly practices, technological advancements in building services, and increased demand for comprehensive facility management solutions. Furthermore, economic factors and regulatory changes may also influence market dynamics significantly.
