Industry Analysis & Industry Trends
The industry has recorded impressive growth over the past decade, with double-digit revenue gains. A rising trend toward privatization has been driven by cutbacks in state and local funding for public sector fire departments. Consequently, governments are increasingly contracting with private sector fire departments, which can be hired on an as-needed basis. Furthermore, insurance companies are increasingly employing private firefighters for cost savings on fire suppression services. Industry growth will continue over the next five years as client volumes expand.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Private Firefighting Services industry exhibits a low level of market share concentration, as the industry's largest firm, Rural/Metro Corporation, accounts for only 4.1% of industry revenue. Firms in this industry are small because there are no economies of scale to be gained through expansion. Instead, firms operate in small geographic regions. Concentration has fallen over the past five years, primarily due to industry expansion. In 2007, Rural/Metro generated 5.7% of industry revenue, albeit with lower revenue. But industry revenue growth has outpaced the revenue growth of its largest player... purchase to read more