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 - Starting a New Business Chapter
The Snowplowing Services industry has minimal barriers to entry. Market share concentration has historically been low, where the 50 largest operators are expected to generate less than an 8.3% share of the total industry in 2014. Since competition is locally based, independent contractors and nonemployers can develop a strong reputation through word-of-mouth marketing, which enables even the smallest snow removal companies to compete effectively against national or regional operators within narrow geographical markets.
Conversely, most commercial and corporate clients prefer to work with well-established snow removal companies that have a proven track record, adequate business liability insurance and access to well-trained personnel... purchase to read more