Industry Analysis & Industry Trends
The Demolition and Wrecking industry has been recovering from the effects of the recession, which drastically reduced demand for construction services. As the construction sector rebounds, the industry's pool of contracts on which to bid will expand as well. Along with this contract-pool expansion, price competition is forecast to become less intense as operators are no longer forced to severely undercut each other on price... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Demolition and Wrecking industry is in the mature phase of its life cycle. Industry value added, a measure of the industry's contribution to the overall economy, is expected to grow at an annualized rate of 3.1% in the 10 years to 2018. This growth is faster than projected US GDP annualized growth of 2.1% during the same period. However, this growth is due to the industry's recovery from massive losses experienced during the US recession.
The recession caused many demolition and wrecking contractors to exit the industry, which allowed the industry's largest companies to gain market share during the past five years... purchase to read more