Pest control services involve fumigation treatments and the extermination or removal of birds, rodents, mosquitoes, termites, and other insects or animals.
The Pest Control Services Cost Array Analysis is designed to provide a breakdown of costs associated with Pest Control activities. Updates will occur at least semi-annually, but more frequent as market conditions change based upon market variability, criticality of events and velocity of market conditions, such as inflationary increases / resource and material availability.
Overview Pest Control Services
Source - Procurement IQ 2024
Pest Control Services
Cost Drivers & Market Dynamics
Suppliers / Pricing
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PCS-009 - Ver 1.0 (May 24)
Confidential & Proprietary | 2024 CBRE Inc.
Global Average Pest Control Costs - 2024
0 %
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
A Vendor Average Cost-
% of Total spend per $1 spend
2024
Profit
Wages
Purchases
Pest Control Products
Other(e.g.,equipment
& tools)
Overheads
Rent & Utilities
Depreciation
Marketing
Other (e.g., administrative cost
TOTAL
11.30%
33.30%
20.00%
12.00%
8.00%
35.40%
2.80%
2.50%
2.30%
27.80%
100%
Overhead - 35.4%
Profit - 11.3%
Purchases - 20.0%
Wages - 33.3%
Pest Control Services Price Trend 2021–2024 is 1.1 % (Compound Annual Growth Rate) - HIGH
Pest Control Services Price Forecast 2024–2027 is 0.5% (Compound Annual Growth Rate) - LOW
Supply Chain Risk - MEDIUM
Key Cost Drivers:
- Average Wages - Administrative & Waste Services - HIGH
- Price Of Chemical Manufacturing - HIGH
- Per Capita Disposable Income - LOW
- Average Annual Precipitation - HIGH
Pest Control Services Market Dynamics
Price Environment Summary Key Takeaways
- Prices have increased during the past three years due to inflationary pressures in fuel costs, vehicle fleet purchases, and material costs such as the price of chemical products.
- Recent price volatility for pest control services has been high due to highly volatile fuel costs and fluctuating demand.
- Persistent inflation levels are anticipated to continue to raise input costs, such as the price of chemical manufacturing, fuel, and increased labor costs. In addition, a strong rebound in demand will prompt suppliers to raise service prices faster in the next three years, thus reducing buyer power.
- The market price of $376.00 represents the average cost of per treatment cost of pest control services.
- The moderate total cost of ownership means buyers will face average additional costs beyond the purchase price. Warranties, insurance, and estimates are typically additional costs buyers pay; however, because warranty costs are one-time payments and the remaining costs, such as insurance and scope changes, are relatively minimal, these factors help keep total costs of ownership at a moderate level.
Pest Control Services -Average Price
Source - Procurement IQ