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.
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.
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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