Pest Control in the US Industry Market Research Report Now Available from IBISWorld

One can hardly open the paper anymore without reading about the rise of bed bugs across the United States. While the trend has left homeowners and business owners frustrated, the Pest Control industry has received an unexpected boon, due to heightened demand for its services. During 2012, the industry is expected to record $11.4 billion in revenue, reflecting an increase of 5.5% from the previous year and annualized growth of 2.9% over the five years to 2012. The increased occurrence of these pests has led to substantial demand for pest exterminators. Increased business and consumer spending will drive demand for regular inspections for pests over the next five years. Increased pest populations across the United States will characterize the next five years, as the bed bug population continues rising.

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IBISWorld Market Research

IBISWorld Market Research

Bed bugs will wreak havoc on consumers, but benefit the industry

Los Angeles, CA (PRWEB) April 08, 2012

One can hardly open the paper anymore without reading about the rise of bed bugs across the United States. While the trend has left homeowners and business owners frustrated, the Pest Control industry has received an unexpected boon, due to heightened demand for its services. During 2012, the industry is expected to record $11.4 billion in revenue, reflecting an increase of 5.5% from the previous year and annualized growth of 2.9% over the five years to 2012. According to IBISWorld industry analyst Caitlin Moldvay, “while bed bugs were typically confined to hotels and some residences, the creatures have begun to pop up in unlikely spots, including movie theaters, offices and even clothing stores.” The increased occurrence of these pests has led to substantial demand for pest exterminators. Furthermore, the more insecticide-resistant strain of bed bugs has driven operators to work on product innovation to deliver solutions to homeowners and businesses. Heightened demand for bed bug extermination has also caused the number of industry companies to rise.

Market share concentration within the Pest Control industry is low. The majority of the 21,562 operators in the industry are small- to medium-size firms. Moldvay says “industry companies are generally spread across many locations, in order to be close to key consumer markets to minimize transportation costs and provide faster service.” The two largest pest control companies are the ServiceMaster Company and Rollins, which have performed strongly during the past five years.

Conditions are expected to further improve over the five years to 2017. Increased business and consumer spending will drive demand for regular inspections for pests. Furthermore, with increased income, businesses and consumers will be less likely to opt for cheaper household products from home and garden stores. Instead, they will favor more effective and expensive professional exterminating treatments. Housing sales and residential construction are also expected to rise, increasing demand for fumigation services. Increased pest populations across the United States will characterize the next five years, as the bed bug population continues rising.

For more information visit IBISWorld’s Pest Control in the US industry page

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This industry includes companies that provide bird control and exterminate mosquitoes, rodents, termites and other insects and pests for residential and commercial clients. The industry also provides fumigation services. This industry does not include extermination services for crop and forestry production.

IBISWorld industry Report Key Topics

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

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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 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.


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