Demolition & Wrecking in the US - Industry Market Research Report

Demolition & Wrecking in the US - Industry Market Research Report

Demolition & Wrecking in the US

The values of new residential and nonresidential construction directly contribute to demolition and wrecking demand. Demand for demolition and wrecking services has risen because of broad-based economic growth, a strong housing market and more significant construction activity. Still, due to COVID-19, all nonessential construction activity decreased in the first two quarters of 2020, which caused industry revenue to decline. Poor macroeconomic conditions in 2023 will also constrain revenue growth. Still, industry-wide revenue has increased at a CAGR of 1.4% to $8.7 billion through the end of 2023, despite a 1.7% decrease in 2023.

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.