Industry Analysis & Industry Trends
Operators in the Roofing Activities industry specialise in erecting roofs and installing waterproof coverings. They also perform repairs and maintenance services. The industry is highly fragmented, illustrated by the large number of enterprises and the prevalence of smaller operators. Contractors play an essential role in completing and finishing buildings across the commercial, residential and institutional building markets. Because of this, the performance of the industry closely tracks the level of construction activity. The industry has recovered well since 2013-14, although revenue is expected to remain below its pre-recessionary peak.
Complex regulation in the construction sector has attracted numerous complaints and was blamed for deterring the entrance of new operators... purchase to read more
Industry Report - Starting a New Business Chapter
The Roofing activities industry has low barriers to entry, as there are very few significant barriers. New entrants must invest in specialist fabrication equipment, as well as transportation vehicles. As a result, new contractors often find themselves in debt at the beginning of operation. Also, industry contractors are required to hold appropriate qualifications to obtain insurance cover for work.
Once in the industry, newly licensed contractors are likely to find it difficult to establish an initial foothold in the market, as they must compete against existing contractors. Typically, the existing players in this industry have an established network of clients, a proven track record, and local market recognition. The.. purchase to read more