Cleaning Up: Pest Control in Canada Industry Market Research Report Now Available from IBISWorld
The rising ubiquity of bed bugs has fuelled demand for pest extermination professionals over the past five years, underpinning robust industry revenue growth. For these reasons, industry research firm IBISWorld has added a report on the Pest Control industry to its growing industry report collection.
Los Angeles, CA (PRWEB) March 09, 2013
The Pest Control industry has experienced robust growth over the past five years, led by the increasing presence of bed bugs. The rising ubiquity of these nighttime critters has fuelled demand for pest extermination professionals, underpinning robust industry revenue growth. In the five years to 2013, revenue for the Pest Control industry is estimated to increase at an annualized rate of 3.4% to $377.9 million. Still, industry demand did slow during the recession because consumers transitioned to more inexpensive over-the-counter products, says IBISWorld industry analyst Caitlin Moldvay. “Furthermore, a decline in the housing market led to lower demand for fumigations for newly sold homes.” In the years since, however, revenue growth has accelerated because of the rapid proliferation of bed bugs, which has yielded strong demand particularly from hotels and residential clients.
Pest control services in Canada are traditionally geared toward the commercial market, which makes up an estimated 80.0% of industry revenue, according to information from Pest Control Technology. Pest control operators are increasingly targeting residential customers and diversifying their service lines, however, in order to take advantage of more untapped markets. “This trend is expected to accelerate over the coming five years,” says Moldvay, “partly because greater regulations aimed at some over-the-counter pesticide products are expected to take effect, limiting competition from substitute products.”
The Pest Control industry has a moderate degree of market share concentration that has expanded over the past five years. Larger companies have pursed targeted acquisitions in order to increase the density of their client base. With high transportation costs, larger pest control companies are increasingly acquiring nearby companies to expand the number of clients they serve within their immediate vicinity. For instance, in 2009, Orkin Canada acquired British Columbia-based Advanced Pest Control and Bug-R-off Pest Control.
Over the five years to 2018, the Pest Control industry is expected to continue its upward trajectory. Bed bugs are expected to become increasingly present in both homes and commercial establishments, keeping demand for pest extermination professionals steady, particularly in urban areas. The strong demand will foster product development over the next five years, particularly in the areas of heat-based solutions, given increasing insecticide resistance. For more information, visit IBISWorld´s Pest Control in Canada industry report page.
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IBISWorld industry Report Key Topics
This industry provides bird control and extermination services for bed bugs, mosquitoes, rodents, termites and other insects and pests for residential and commercial clients. Operators also provide fumigation services. This industry does not include companies that provide pest control for agriculture or forestry purposes.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation´s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/3/prweb10489731.htm