Industry Analysis & Industry Trends
The Firestop Contractors industry has been unsteady over the five years to 2013, with revenue expected to decline at an annualized rate of 4.3%. Although the recession reduced the level of private nonresidential construction investments, one of the industry's primary downstream markets, several other factors led to fluctuating demand during this period. For example, the economic downturn forced federal and state governments to decrease investments in industry-specific activities; while institutional facilities currently make up about 36.0% of industry revenue, the demand from this sector declined over the past five years as tax revenue was allocated to other sectors of the economy.... purchase to read more
Industry Report - Industry Products Chapter
Firestop installation
Because of the high degree of labor intensity and materials involved relative to this industry's other main activities, IBISWorld estimated firestop installation accounts for the majority of industry revenue. Installation services primarily address penetrations, in which pipes, cables or other devices compromise the fire-blocking integrity of a surface through the creation of gaps; vertical and horizontal wall joints; expansion joints (mechanical and soft); curtain walls (perimeter edge); duct wrap (for grease and air ducts); and barrier reconstruction for walls and openings... purchase to read more