How Big Is the Restoration Industry?
Own a Franchise in the Restoration Industry
The restoration industry plays a crucial role in the aftermath of disasters and unexpected damages, providing essential services to restore homes, businesses, and public properties. This sector encompasses a range of activities, including water damage restoration, fire and smoke damage repair, mold remediation, and biohazard cleanup. But just how big is the restoration industry?
Market Value: The global restoration industry is valued at over $210 billion annually. This includes various segments such as water damage restoration, fire and smoke damage repair, and mold remediation.
Growth Rate: The industry has been experiencing steady growth driven by increasing awareness of the importance of timely restoration, the rising frequency of natural disasters, and the aging infrastructure in many parts of the world.
Key Segments of the Restoration Industry
- Water Damage Restoration: One of the largest segments, includes drying, dehumidification, and water extraction services.
- Fire and Smoke Damage Repair: Involves cleaning, deodorizing, and repairing fire and smoke-damaged properties.
- Mold Remediation: Mold growth is a common issue, particularly in humid climates.
- Biohazard Cleanup: Handling hazardous materials and contaminants, biohazard cleanup is a smaller but essential part of the industry.
The restoration industry is a crucial and wide-ranging sector with a large economic footprint. Its ongoing growth and development highlight its essential role in maintaining and restoring properties damaged by various factors. As environmental challenges increase and infrastructure needs evolve, the restoration industry is poised to continue being a key contributor to the resilience and safety of our built environment.
Property owners need a trustworthy company to turn to when disaster strikes.
1-800 WATER DAMAGE offers a range of restoration services for homes and businesses affected by water, mold, fire, sewage, and other types of property damage. Available 24/7, our local franchisees tend to differentiate themselves by providing top-quality property restoration work and exceptional customer service.
Ready to enter the restoration industry and bring 1-800 WATER DAMAGE to your community?
Simply fill out a form on this site and begin a conversation with our team. We can’t wait to learn more about you!
