Snowball effect: Industry revenue is anticipated to decelerate, as the trend of increasingly warm winters persists amid continued global warming
The Snowplowing Services industry benefited from favorable weather conditions, including higher-than-average annual snowfall totals and numerous high-accumulation snow events, which have bolstered demand for snowplowing, salting, deicing and other services provided by this industry. Average annual precipitation has waned from highs in 2018 and 2019, to much more subdued figures recently, ultimately constraining revenue growth. Revenue for the Snowplowing Services industry has been climbing at an annualized rate of 3.1% over the past five years, and is expected to reach $25.6 billion in 2023, despite conflicting demand trends leading industry growth to slow. Industry revenue is expected to increase only 0.8% in 2023. During this period, industry profitability has consistently grown, settling in at 43.1%.
Companies in this industry provide snowplowing and ice removal services. The industry does not include ice removal or snowplowing by municipalities and government.
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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Brightview Holdings, Inc.
Methodology
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