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 Analysis Chapter
The Crime Scene Cleanup Services industry provides an essential service. While police and coroners provide much-needed services at chemically or biologically contaminated crime scenes (e.g. investigative work and removing dead bodies), the responsibility of cleaning a crime scene falls on the property owner or the victim's family. Industry firms clean contaminated crime scenes and, in the process, often spare families the responsibility doing it themselves.
Because cleaning up biologically or chemically contaminated crime scenes requires specialized knowledge of cleaning and handling hazardous materials, firms in the industry charge a premium for their services. However, what was once an underserved market is now saturated with firms vying for a limited number of jobs... purchase to read more