Page 12 - IPMA_nsltr_2ndQtr2020

U.S. Structural Pest Control Market Approaches

$9.4 Billion

he United States structural pest from $2.78 billion to $2.63 billion. The
control industry is comprised of likelihood of a COVID-19 recession
more than 19,000 pest control presents an unprecedented scenario for
Tfirms generating an estimated the professional pest control industry. No
$9.359 billion in total service revenue in one doubts that professional pest control
2019, a 4.3 percent increase from 2018, is an “essential service.” The residential
according to the latest report A Strategic service sector may be spared somewhat
Analysis of the U.S. Structural Pest Control as pest control operators shift to offering
Industry
Industry from Specialty Consultants, LLC. from Specialty Consultants, LLC. exterior services as they implement “social
Industry
distancing” from homeowners. The termite
Historically, the pest control industry
has been somewhat resistant to the segment is expected to decline by as
much ten percent as weakness in the real
impact of economic recessions. During estate market negatively impacts both
the Great Recession (2008-2009), the pre- and post-construction segments.
commercial service revenue declined by This past year more than 1.1 million post-
only 2.2 percent, largely due to pricing construction termite treatments were
pressure from commercial clients. During completed.
the 2001-2002 recession, total residential
service revenue declined 5.4 percent
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Page 12 IPMA Connection • 2nd Quarter, 2020