Industry Analysis & Industry Trends
Over the five years to 2016, the Snowplowing Services industry benefited from favorable weather conditions, including greater than average annual snowfall totals and numerous high-accumulation snow events, which bolstered demand for snowplowing, salting, deicing and other services provided by this industry. A healthy economy with thriving businesses, substantial consumer spending as well as a rise in nonresidential construction over the past five years, helped broaden the industry's potential client base and bolster demand, as property owners and merchants increasingly relied on industry operators to keep their parking lots and sidewalks free of ice and snow.... 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 a 10.0% share of the total industry in 2016. 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