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    Exterminating & Pest Control Services Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/5/2021
    SIC Codes: 7342
    NAICS Codes: 56171
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Exterminating & Pest Control Services Industry Profile

    Companies in this industry exterminate and control insects and other pests. Major companies include US-based EcoLab, Terminix (owned by ServiceMaster), and Orkin (owned by Rollins), as well as the pest control operations of Anticimex (Sweden) and Rentokil Initial (UK).

    North America accounts for more than 50% of the market share, according to Technavio. An increase in hygiene standards is driving demand growth in emerging markets in Asia. In general, global demand for exterminating and pest control services is rising as economies expand and middle-class and urban populations increase. Companies in the industry typically operate locally and regionally, but some large companies are beginning to expand internationally.

    The US pest control services industry includes about 14,500 establishments (single-location companies and branches of multi-location companies) with combined annual revenue of about $13 billion. Companies that provide pest control services related to agricultural and timber production are not included in the industry.

    COMPETITIVE LANDSCAPE

    Demand is driven by sales and occupancy of residential, commercial, and industrial properties. The profitability of individual companies depends on providing good service. Large companies benefit from brand recognition and economies of scale in purchasing and administration, as well as from the ability to serve commercial accounts that include locations in multiple markets. Small companies can compete successfully by specializing in a type of service or a local market.

    The US industry is fragmented: the 50 largest firms generate less ...

     
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