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 low-cost 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 - Starting a New Business Chapter
The Pest Control industry has medium barriers to entry, mainly because of the licensing and regulatory requirements in existence for starting a company. The industry is in the growing stage of its life cycle, which means companies are still entering the industry, due to demand from residential and commercial customers that value pest-free environments and strong food and safety regulations for restaurants. The level of competition is high and increasing within the industry because of the significant number of pest control operators. Most of these firms are small companies with only a few employees.
Start-up costs vary depending on the scale of operations. New businesses need to secure warehouses or operational facilities and specialized equipment and vehicles... purchase to read more