Industry Analysis & Industry Trends
A declining crime rate is causing industry revenue to fall, as participants compete among each other for a decreasing number of jobs. As a result, firms must compete on price, which is causing profit to contract. Luckily for industry operators, crime is going nowhere any time soon. Although revenue is forecast to continue contracting over the next five years, well-established and experienced operators are expected to gain market share as unsuccessful firms exit.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the 10 years to 2017, industry value added (IVA), which measures the industry's contribution to the economy, is expected to decrease at an annualized rate of 2.6%. In comparison, GDP is forecast to grow 1.8% per year on average over the same period. Although a declining IVA is characteristic of a declining industry, the Crime Scene Cleanup Services industry is in the mature stage of its life cycle. This is due to the fact that there is, and will continue to be, strong demand for industry services as long as there is violent crime, suicide and drug use in the United States.
Nevertheless, demand for industry services is limited by crime and suicide rates and drug use trends. Without an increase in violent crime or suicides, the industry cannot simply produce more crime scenes... purchase to read more