The Demolition and Wrecking industry has been recovering from the effects of the recession, which drastically reduced demand for construction services. However, business has begun to pick up, and the industry is forecast to grow past its prerecession size. As the value of residential and nonresidential construction increases, the need for demolition for new structures increases as well. In addition, land development and construction markets are forecast to grow rapidly as economic growth encourages the construction of new retail and commercial space.
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.