Global Disaster Restoration Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Disaster Restoration Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Disaster restoration services is the process of cleaning and restoring the property to its original pre-disaster condition. Disaster restoration services provide remediation solutions for damaged property and structures caused by flood, fire, storm, heavy rain, mold growth and so on.

Market Overview:

The latest research study on the global Disaster Restoration Services market finds that the global Disaster Restoration Services market reached a value of USD 66285.19 million in 2022. It’s expected that the market will achieve USD 92153.31 million by 2028, exhibiting a CAGR of 5.65% during the forecast period.

The epidemic has affected the disaster recovery service industry. Prices of upstream raw materials and equipment have risen, supply chains have been interrupted, operations of downstream industries have been impacted, and short-term demand has been affected. In the long run, as the impact of the epidemic weakens, production and life resume, natural disasters become more frequent due to climate change, and housing and infrastructure are aging, driving the industry's continued development.

1 Drivers

1.1 Disaster restoration service is highly professional and has obvious advantages.

The first is short response time, fast recovery, and low cost. Second, disaster restoration services provide professional solutions, and a professional disaster recovery company has the right tools and equipment needed to assess and complete the job, accurately assessing the damage. Finally, disaster restoration services work with insurance companies to provide related claims services.

1.2 Rise in extreme weather and natural disasters to drive industry growth.

In recent years, the impact of global warming has gradually become prominent. Climate warming has exacerbated the instability of the climate system and is an important background for the frequent occurrence of extreme weather and climate events. The growing problem of natural disasters, floods, and wildfires, as well as aging homes and infrastructure contribute to the continued growth of the disaster restoration services market. Natural disasters are becoming more frequent due to worsening climate change, making disaster restoration services even more important now.

2 Challenges

2.1 Labor shortage and rising labor costs.

Disaster restoration services are labor-intensive industries that require a large number of labor resources, and each project requires specialized technical personnel and related certifications. Affected by the global COVID-19 epidemic, people cannot work normally due to virus infection, epidemic isolation and prevention and control policies. During the epidemic, high subsidies and welfare policies have led to a wave of resignations.

2.2 Market competition is becoming increasingly fierce.

3 Consumer Preference Analysis.

When customers choose companies in the industry, they usually pay attention to the following items. The first is the qualification of the disaster recovery service company. Next is the service of a disaster recovery service company. Includes 24-hour availability and prompt response. Finally, customers focus on policyholders and insurance issues for disaster restoration services.

Region Overview:

China had the highest growth rate of all regions.

In global comparison, a significant portion of the revenue was generated in United States (54.11% in 2021).

Company Overview:

Johns Lyng Group

Johns Lyng Group Limited provides integrated building services in Australia and internationally. The company operates through four segments: Insurance Building and Restoration Services, Commercial Building Services, Commercial Construction, and Other. It provides building fabric repair, contents restoration, hazardous waste removal, and strata management services; and residential and commercial flooring, emergency household repairs, shop-fitting, HVAC mechanical, and pre-sale property staging services.

Neighborly.

Neighborly is the world's largest home services company with more than 30 brands and 5,000 franchises collectively serving 12 million+ customers in six countries, focused on repairing, maintaining and enhancing homes and businesses.

The company was founded in 1981 as Dwyer Group and now has more than 30 brands. Collectively, these concepts offer customers a broad base of residential and commercial services. Corporately, Neighborly now has more than 1,600 associates and 12 corporate support centers throughout North America, U.K. and Germany.

Johns Lyng Group is one of the major players operating in the Disaster Restoration Services market, holding a share of 0.73% in 2022.

Johns Lyng Group, Neighborly, American Technologies Inc, Servpro, PuroClean are the five key players in the global Disaster Restoration Services market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global market in the past 5 years.

Segmentation Overview:

Fire and Smoke Restoration
Fire restoration may involve things like of property board up, demolition and reconstruction on top of tasks such as debris, odor and soot removal, contents cleaning and working to remove any disturbed hazards such as lead and asbestos. In addition, professionals must neutralize and deodorize the toxic smoke odor left behind. The fire and smoke restoration process includes quick damage mitigation, smoke damage cleanup and so on.

Water Damage Restoration

Many homes, businesses, and industrial buildings experience some degree of flooding each year. Water causes damage quickly, often on contact, and must be addressed immediately to mitigate destructive results. Disaster restoration services can turn a devastating loss into a minor inconvenience.

Wind Damage Restoration

Tornadoes and hurricanes are storm systems that revolve around areas of low pressure that produce strong winds and heavy rain that can cause damage to buildings. Disaster restoration services will repair and restore damage caused by the storm.

Mold Remediation

When moisture is present, molds can grow on virtually any substance and people are more susceptible to the health effects of microbial growth when it is contained in an indoor environment. Prompt attention to water damage or visible mold can often keep a minor problem from becoming major and can help guard against health issues and property damage. From containment to content cleaning, to environment stabilization, disaster restoration services provide a comprehensive solution to any mold issues.

Among different product types, Water Damage Restoration segment is anticipated to contribute the largest market share in 2027.

Application Overview:

Household
Commercial

Disaster restoration services can be divided into household and commercial according to the scope of application. Household refers to the recovery of family houses, and the customers are mainly individuals; commercial refers to the recovery of commercial and industrial buildings after disasters. The customers are mainly companies, public organizations, etc.

By application, the Household segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Disaster Restoration Services market covered in Chapter 3:

911 Restoration
GDI Integrated Facility Services
Disaster Restoration Services
Johns Lyng Group
Restoration 1
Paul Davis Restoration
Neighborly
Servpro
American Technologies Inc
PuroClean
BMS Enterprises

In Chapter 4 and Chapter 14.2, on the basis of types, the Disaster Restoration Services market from 2018 to 2029 is primarily split into:

Fire and Smoke Restoration
Water Damage Restoration
Wind Damage Restoration
Mold Remediation
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Disaster Restoration Services market from 2018 to 2029 covers:

Household
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)