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, operators 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 companies exit.... purchase to read more
Industry Report - Industry Investment Chapter
The Crime Scene Cleanup Services industry exhibits a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages in 2015, $0.12 is spent on capital. Companies in the industry need a limited amount of capital equipment. Aside from a van for transportation, industry purchases need only consist of chemical-spill proof boots, a hazmat suit, heavy-duty gloves and double-filter respirators. This equipment can be purchased for less than $5,000, while industry operators may garner more than that from one job alone.
Labor is the most important aspect of the industry, as crime scene cleanup requires skilled personnel comfortable performing tasks most people consider grotesque. The average industry employee commands an average annual wage of about $56,327... purchase to read more