Industry Analysis & Industry Trends
The infestation of pests such as bed bugs and stinkbugs will continue to harm businesses and consumers, but the Pest Control industry will benefit. Additionally, the recovering housing market will create a need for pretreatment termite services and regular inspections. As discretionary incomes rebound, consumers will spend on hotels and restaurants again, driving demand for industry services from this market... 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 3.2% from 2009 to 2019. Comparatively, GDP is expected to grow at an annualized rate of 2.5% over the same time frame. IVA's fast growth rate is also indicative of a growing industry... purchase to read more