Insulation Contractors in the US - Industry Market Research Report

The insulation contractors industry comprises operators engaged in installing insulation for residential and nonresidential buildings. Accordingly, demand for services is closely tied to the activity level in the industry's downstream building markets. Over the five years to 2023, housing starts and private spending on home improvements have risen, bolstering demand for services. However, the commercial construction market, which represents one of the largest markets for services, has declined during the period due to economic uncertainty and falling corporate profit in 2020 because of the pandemic. In addition, falling demand from the residential housing market has also hampered industry performance. Over the past five years, revenue has lagged at a CAGR of 0.7% to $12.9 billion, including an expected 5.6% decrease in 2023. Profit is expected to climb to 7.3% of revenue in 2023 from 6.8% in 2018. This industry consists of establishments primarily engaged in installing insulation products for buildings. The industry does not include work performed by general building contractors. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.