Industry Analysis & Industry Trends
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 night-time 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% reaching $377.9 million. Still, industry demand did slow during the recession because consumers transitioned to more inexpensive over-the-counter products. Furthermore, the decline in the housing market led to lower demand for fumigations for newly-sold homes... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Pest Control industry has a moderate degree of market share concentration. In 2013, the top four companies are estimated to account for 59.7% of the industry's revenue. Market share concentration has grown over the past five years from 49.1% in 2008. 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; Orkin Canada has strategically focused on expanding its British Columbia operations... purchase to read more