Demolition & Wrecking in the US
The Demolition and Wrecking industry has performed well over the five years to 2019. Demolition services are required whenever a residential, commercial or land-development project is scheduled to begin where existing structures still stand; as a result, the values of new residential and nonresidential construction directly contribute to industry demand. However, land developers that prepare property for sale are generally the primary clients of standalone demolition contractors. Over the past five years, strong construction activity has led to rising industry profit margins. Industry profitability has risen in line with a rising value of private nonresidential and residential construction. With the value of both residential and nonresidential construction rising, there has been a swell in the number of industry contracts available for tender. As a result, price-competitive pressures that occurred earlier in the period have abated. Over the next five years, industry revenue growth is expected to decelerate slightly. Trends in residential and nonresidential construction activity are expected to invert, with residential construction slowing while nonresidential construction is expected to surge over the next five years.
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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