Industry Analysis & Industry Trends
The rise of bed bugs across the United States has left homeowners and business owners frustrated, but has been a boon for the Pest Control industry. The increased occurence of bed bugs has led to substantial demand for exterminators and rising service prices. In the next five years, increased business and consumer spending will drive demand for regular inspections for pests. Furthermore, with increased income, businesses and consumers will be less likely to opt for cheaper household products from home and garden stores. Additionally, the widespread incidence of the stinkbug will drive demand for industry services... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Pest Control industry is in the growth phase of its life cycle. Indicators of the life cycle stage include: expanding revenue, a rising number of companies and establishments, increased employment and an enhanced level of product development. The rise in demand for industry services is due partly to rising pest population levels and a growing per-capita use of extermination services.
Industry value added (IVA), which measures the industry's contribution to GDP, is expected to grow faster than the economy as a whole, expanding at an average annual rate of 2.6% from 2010 to 2020. Comparatively, GDP is expected to grow at an annualized rate of 2.5% over the same time frame... purchase to read more