Hit the wall: A slowdown in residential construction markets is expected to decelerate industry revenue growth
Demolition & Wrecking in the US
The Demolition and Wrecking industry is characterized by a low level of market share concentration. The top four players in the industry (NorthStar Group Services Inc., Penhall Company Inc., DH Griffin Companies and Brandenburg Industrial Services Company) combine to hold only a small grasp on the market. No single operator has a dominant edge over its peers or over the industry as a whole.
Localization and contract competition hinder market growth
• The Demolition and Wrecking industry is primarily composed of small regional players that are nonemploying, reducing the ability for concentration within the market. Many smaller-scale demolition and wrecking contractors serve local residential markets and bid on contracts with lower values than larger commercial or nonresidential projects. Barriers to entering the Demolition and Wrecking industry are medium and include high initial start-up costs, licensing and insurance costs, the health of local economies and established reputations within the market.
Price, reputation and range of services drive competition • Competition in the Demolition and Wrecking industry has a moderate level of intensity and is primarily based on price, reputation, range of services offered and the scale of projects an operator can take on. Among contractors with comparable reputations and services, price differentiation is usually the deciding factor for a client. While some projects with special needs, such as the presence of hazardous material, asbestos or unusual structural requirements justify higher prices, operators undercut one another on price to grab what few demolition projects were available early in the period.
Operators in this industry primarily wreck and demolish buildings and structures and sometimes sell salvaged materials. Other industry services include the clearing and recycling of debris, interior strip outs, handling of asbestos and hazardous materials, site remediation (decontamination and waste disposal), concrete cutting and explosive demolition. Excavation and land-clearing work is excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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