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 - Starting a New Business Chapter
Barriers to entering the Demolition and Wrecking industry are medium and include high initial start-up costs, licensing and insurance costs, the health of local economies and the national presence of the industry's largest players. In particular, the increasing market share of the industry's leaders is expected to raise barriers to entry for new contractors during the next five years.
Initial start-up costs can be high compared with most other construction trades due to the purchase costs of capital equipment used in demolition (e.g. bull dozers, balling machines, hydraulic pusher arms and processing jaws and tracked vehicles)... purchase to read more