Heating up: Increased investment in industrial infrastructures will boost industry demand

The Firestop Contractors industry has experienced steady growth over the five years to 2017. Robust growth in this market has resulted in rising revenue and expanding profit margins. In response to higher demand, established industry operators began to hire once again, following a prolonged period of unemployment. Furthermore, increased regulations and innovations in firestopping systems have been renewing demand for industry services. Industry revenue is expected to continue expanding over the five years to 2022, as overall nonresidential construction markets increase. Overall, the value of private nonresidential construction is slated to accelerate...purchase to read more.

Industry Statistics & Market Size
Revenue
$842m
Annual Growth 12-17
2.0%
Forecast Growth 17-22
Profit
Employment
6,618
Businesses
1,549
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry revenue is expected to continue expanding as overall nonresidential construction markets increase
  • The success of firestop contractors is largely dependent upon the strength of the construction market
  • Governments have updated fire and building codes to promote the application of firestop building systems
  • 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 experience 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 number of contracts. As a result, new entrants may have difficulty establishing a reputation among the local and regional construction sector. How...purchase to read more.

    Additional Insights for the Firestop Contractors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Firestop Contractors Industry are

  • Ability to compete on tender
  • Development of a symbiotic relationship with another industry
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction and Regulation in the Firestop Contractors industry impact industry performance..

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    What's in this report

    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. This industry does not provide fireproof insulation services.

    Industry Products
  • Structural firestop services for new buildings
  • Structural firestop services for existing buildings
  • Structural firestop services for maintenance
  • Flooring firestop services for new buildings
  • Flooring firestop services for existing buildings
  • Flooring firestop services for maintenance
  • Industry Activities
  • Firestop installation
  • Firestop surveying
  • Firestop maintenance
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction
  • Regulation
  • Number of businesses
  • Yield on 10-year Treasury note

  • Current Performance
  • Growing need for firestop installations
  • Construction boom spurs demand
  • Demand for more services
  • Chart: Revenue Growth

  • Industry Outlook
  • Expanding regulation
  • Interest rates moderately low, investments still high
  • Discovering new technologies
  • Table: Firestop Contractors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Firestop Contractors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Hospitals

  • Key Selling Industries
  • Adhesive Manufacturing

  • Products & Services
  • Structural firestop services for new buildings
  • Structural firestop services for existing buildings
  • Structural firestop services for maintenance
  • Flooring firestop services for new buildings
  • Flooring firestop services for existing buildings
  • Flooring firestop services for maintenance
  • Chart: Firestop Contractors Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other facilities
  • Nonresidential facilities
  • Residential facilities
  • Chart: Major Market Segmentation for the Firestop Contractors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Firestop Contractors

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Firestop Contractors Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Firestop Contractors Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Firestop Contractors Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of private nonresidential construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Firestopping
  • The process of systematically sealing the service penetrations and apertures in the walls and floor slabs of a building, thereby converting it into a series of fireproof boxes.
  • Penetrations
  • Pipes, cables or other devices that compromise the fire-blocking integrity of a surface through the creation of gaps.
  • Photoluminescent
  • Also known as glow-in-the-dark, the ability of a material to absorb and then emit light.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Firestop Contractors contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Firestop Contractors:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Firestop Contractors market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Firestop Contractors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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