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Firestop Contractors in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Firestop Contractors Market Research Report | Specialist Engineering, Infrastructure & Contractors | Specialist Contractors | Feb 2013

Firing up: Favorable regulation and a revival in construction activity will boost demand

IBISWorld’s Firestop Contractors market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$264m
Annual Growth 08-13
-4.3%
Annual Growth 13-18
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Profit
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Employment
2,040
Businesses
201
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 - Starting a New Business Chapter

Other than a high level of competition, there are few barriers to entry for potential newcomers into the Firestop Contractors industry. IBISWorld estimates the industry exhibits a low degree of capital intensity, which reduces the initial financial requirements new entrants face for performing installations and inspections. Also, the industry receives a medium level of assistance in the ongoing development of compliance standards designed to reduce the risk of loss during structure fires. The high degree of industry competition poses the biggest hurdle to potential participants, as several small companies compete on tender for a limited amount of contracts. As such, new entrants may have difficulty establishing a reputation among the local and regional construction sector... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Firestop Contractors Industry?

Contractors in this industry primarily construct and maintain firestops, which are passive fire-protection systems used to seal openings and joints in wall and floor assemblies. Firestops include fire and smoke dampers as well as fire doors. The industry does not provide fireproof insulation services.

Industry Products
Firestop installationFirestop surveyingFirestop maintenance
 
Industry Activities
Firestop installationFirestop surveyingFirestop maintenance


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