The Demolition and Wrecking industry has been recovering from the effects of the recession, which drastically reduced demand for construction services. As the construction sector rebounds, the industry's pool of contracts on which to bid will expand as well. Along with this contract-pool expansion, price competition is forecast to become less intense as operators are no longer forced to severely undercut each other on price.
Firms 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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.