Industry Analysis & Industry Trends
In the five years to 2014, the Snowplowing Services industry benefited from favorable weather conditions, including greater than average annual snowfall totals and substantial snow events. In the next five years, industry revenue growth will largely be determined by national weather patterns, as colder winters with higher levels of winter precipitation are beneficial to industry operators. Rising US employment, disposable income levels and consumer spending will increase demand for snow and ice removal services, as businesses will spend more to protect their employees and consumers from potential slips and falls related to inclement weather.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Industry value added (IVA), which measures the industry's contribution to GDP, is expected to grow faster than the economy as a whole, expanding at an average annual rate of 3.9% from 2009 to 2019. Comparatively, GDP is expected to grow at an average annual rate of 2.5% over the same time frame. In general, an IVA rate, which exceeds the overall economy is indicative of a growing industry. Other factors, such as expanding industry revenue, a rising number of companies and establishments, increased employment and an enhanced level of product development also point to an industry in its growth phase.
Another indicator of the industry's growth phase involves the level of product innovation... purchase to read more