Termite Control Services Market: Soaring Demand Assures Motivated Revenue Share during 2018-2027

From: Fact.MR
Published: Wed Nov 21 2018


This research report titled "Termite Control Services Market: Soaring Demand Assures Motivated Revenue Share during 2018-2027" focuses on the Termite Control Services Market, published to the vast repository managed by Fact.MR. The analysis focuses on the prime geographical regions based on their market size, revenue and attractiveness factors. Furthermore, the research discusses various segments from the Termite Control Services Market to examine future lucrativeness and spot growth prospects during the period between (2017-2027). Readers can even access information such as key developments, technologies, innovations, etc., concerned to the Termite Control Services Market.

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Advancements in strategies of integrated pest management (IPM) have observed significant escalations, upheld particularly by contribution of chemical ecology. Public demand and environmental concerns associated with use of toxic pesticides and insecticides for managements of pests, such as termites, have led to development of sustainable alternatives such as "semiochemicals" – a novel discovery of chemical ecology. Semiochemicals currently seek extensive adoption in pest management as sex pheromones, thereby attracting more and more termite control services providers to inculcate the technique. Relative specificity, low toxicity and greater potency of semiochemicals are key attributes that have proliferated their demand in termite control services, as eco-friendly alternatives to pesticides and insecticides. Currently, semiochemicals-based termite control services are offered as pheromone lures and traps for monitoring reasons, meanwhile being leveraged for the development of mating disruption techniques.

Termite Control Services Providers Entering the "Smart Era"

Termite control services providers are increasingly embracing adoption of smart techniques, which prevent costly infestations through sustainable solutions. Constant monitoring and instant reactive steps offered by such smart techniques has become a new focus area for termite control services providers to adopt. Providers who emphasize on the provision of intelligent, digital process-based termite control services, which facilitate detection of blind spots and around-the-clock surveillance, are likely to witness promising growth prospects in the foreseeable future. IoT and artificial intelligence are also witnessed to have gradually permeated the area of termite control services, with connected devices and sensors simplifying trapping processes, along with the provision of real-time monitoring and notifications. Anticimex’s SMART digital trap is a prime example of such an IoT development in termite control services. Additionally, advanced termite control services include use of camera-equipped drones that offer a bird’s eye view of termite issues, emerging not only as safer option for service providers but also optimizing the processes and cutting-down manpower costs in the long-run.

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Determination of potency or incidence of termite damage to residential and commercial structures is not yet accurate, however the construction industry, in co-operation with the governments, continues to recommend adequate control measures to reduce structural risk & costs apropos of termite damage. For example, the Building Code of Australia necessitates structural components of new buildings to be safe from termite damage. Considerable research & development activities are being taken into broader range of efficacious alternatives to hand-spraying of insecticides and pesticides, which in turn has resulted in development of cost-effective and innovative solutions such as pre-construction termite control and use of smart pest control techniques. Additionally, changes in termite preventative measures have led to collaborative efforts between local & state government authorities and building industry associations for addressing issues related to termite damage. Introduction and compliance to new standards and methods has resulted in a widening list of effective alternative options, thereby enabling real estate developers to advice clients in selecting among a range of options as per their investment suitability.

Providers Emphasize on Efficient Technician Scheduling as a Key Profit Determinant

Termite control services providers are shifting their focus toward maximizing productivity of their technicians, with labor being most significant cost-intensive asset. These providers are putting higher emphasis on efficient routing and scheduling of tasks for enabling technicians to complete more termite treatments per day. Termite control services providers who invest in route scheduling software and GPS systems are likely to witness promising future prospects, while boosting their technician productivity. Leading providers in the termite control services market are offering cost-effective schemes via homeowner associations, and using direct canvassing & referrals for expanding their customer base.

Competitive Landscape

The report on the termite control services market provides actionable insights on supply & demand trends of the termite control services worldwide, in combination with a detailed assessment on competitor landscape of the termite control services market. Exhaustive data on preeminent and emerging termite control services providers has been delivered in the report, along with study on their product overview, company overview, key developments and key financials. Key players in the termite control services market, as profiled by the report, include Sanix Incorporated, Arrow Exterminators Inc., Massey Services Inc., and Anticimex.

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