PUBLISHER: Grand View Research | PRODUCT CODE: 1512037
PUBLISHER: Grand View Research | PRODUCT CODE: 1512037
The North America commercial facility snow & ice management service market size is anticipated to reach USD 27.42 billion by 2030, registering a CAGR of 3.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing snowfall in many parts of the North America has created a greater need for frequent and thorough snow removal efforts to ensure the safety of pedestrians and drivers.
Winter weather poses significant challenges for commercial property owners and managers, who must ensure their businesses remain open and accessible despite snow and ice. These companies need to have access to reliable and efficient commercial snow removal services in order to keep operations running. Scheduling these services well in advance, rather than waiting for severe winter conditions, is crucial to ensuring that operations can continue uninterrupted. By maintaining a regular snow and ice removal schedule, commercial property owners can stay on track and avoid disruptions, creating significant opportunities for snow and ice maintenance services.
Furthermore, according to the U.S. Department of Transportation 2023 Report, the U.S. has reported that a significant number of weather-related vehicle crashes occur on snowy or icy roads, with over 1,300 fatalities and 116,800 injuries occurring annually. These statistics highlight the importance of reliable and effective snow & ice management services, particularly for commercial facilities. These aforementioned factors are expected to drive growth of the commercial facility maintenance service market in North America.
Commercial property owners seeking to reduce costs and boost revenue can consider outsourcing their snow removal needs. This approach can result in cost savings of over 50% as compared to the expenses associated with owning and maintaining snow removal equipment. In addition, outsourcing eliminates the burden of additional repair and maintenance costs commonly incurred with equipment ownership. These factors are expected to drive the demand for commercial facility snow & ice management services in North America.
Manufacturers of commercial facility snow & ice management service market are adopting several strategies, such as expansions, mergers & acquisitions, partnerships/collaborations, and service launches, to enhance market penetration. For instance, in February 2024, Schill Grounds Management acquired BAM Outdoor, a locally owned & operated snow removal services company that serves the Indianapolis market and surrounding suburbs, including Westfield, Fishers, Carmel, and Noblesville. BAM's customer base includes a range of commercial entities, including homeowner associations, multi-family complexes, and logistics & distribution facilities. This acquisition is expected to provide new growth opportunities for Schill Grounds Management's staff and enhance the services offered to its customers.