Why the Dryer Vent Cleaning Industry is Here to Stay
For as niche an industry as dryer vent cleaning may sound, the demand for the service is growing.
The dryer vent market is currently valued at over $360 million, with a projected compound annual growth rate of 3.7 percent from 2019 to 2029. In 2018 alone, over 43 million dryer vent units were sold.
As a Dryer Vent Wizard franchisee, you are at the heart of the booming home service industry and perfectly positioned to capitalize on the dryer vent market’s growth.
Growing Amount of Business Opportunities
The dryer vent cleaning industry has seen an uptick in calls from industrial businesses, such as manufacturing plants, apartment complexes, laundromats, and salons. More and more of these companies are turning to high-efficiency dryer vents to save money and reduce the risk of damaging fires in the workplace.
As the amount of dryer vents increase in the commercial segment of the market, the demand for dryer vent cleaning services, such as Dryer Vent Wizard, surges.
While many franchisees don’t necessarily specialize in the commercial segment, many have secured contracts with industrial businesses. The rise of this commercial market signals a strong, additional revenue stream for Dryer Vent Wizard franchisees – particularly as more dryer vents are sold and leveraged in the industrial sector.
Increased Awareness and Demand for Professional Cleaning
Despite the rise of the commercial demand for dryer vent cleaning, the residential segment of the market will always be the engine that drives our industry.
Clogged dryer vents in the home present a real danger of starting a fire that can cost a homeowner their entire property, not to mention their safety. When excess lint builds up in dryer vents, those pathways become fire hazards with dangerous potential to combust. Lint is extremely flammable and, once caught, has the potential to spread quickly to devastating effects. In fact, dryer fires are one of the leading causes of house fires across the country.
As more of the public becomes aware of the dangers of unkempt dryer vents, the dryer vent cleaning industry will continue to benefit. Unlike other home maintenance projects which can easily be put off due to relatively low priority, dryer vent cleaning is an urgent safety matter that homeowners are increasingly prioritizing.
With the rise of on-demand home services, repairs and improvements to homes have also become much more convenient and simple for homeowners. After a few Google searches, homeowners can quickly find exactly who to call for any given issue. However, many multi-faceted home services companies incorrectly diagnose a number of issues related to dryer vents.
By specializing in dryer vents, Dryer Vent Wizard franchisees are seen as experts in their field. We’ve carved out a niche within the $400 billion home services market. In addition to a proven business model that is conducive to a strong ROI, our franchisees are able to truly make a difference in their communities and help keep homeowners and families safer.