Industry Analysis & Industry Trends
Although slowed investment activity during the recession cooled demand for the industry's services, pursuit of natural gas has kept business flowing over the past five years. Looking forward, the industry is projected to recover strongly. From 2013, IBISWorld forecasts that continued investment in unconventional domestic energy sources (gas shale and oil sands), pressure to repair and replace aging infrastructure and recovery in the residential construction markets will support industry performance... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low degree of concentration. The four largest firms account for just over 20.0% of industry revenue in 2013. However, despite the prevalence of many small-scale participants, this industry contains several very large-scale establishments that contribute a significant share of industry revenue.
The fragmented structure of this industry and the prevalence of small-scale firms are evident from the annual survey of County Business Patterns. The survey shows that more than half the enterprises (63.7%) employ fewer than 20 people, and 36.0% of firms employ fewer than five people. Additionally, 11.8% of companies employ more than 100 people, and 1.9% of companies employ more than 500 people. .. purchase to read more