Foundation Repair Services Market By Repair Type (Settlement Repair, Wall Repair, Chimney Repair, Floor Slab Repair, Others), By End-Use (Residential, Commercial) - Growth, Future Prospects, And Competitive Landscape, 2019 -2027
Key Market Insights
“Increasing number of infrastructure development coupled with technological advancement in foundation repair will boost the market”
The global foundation repair services market is growing competently, expected to grow at a CAGR of 7.2% during the estimated period from 2019 to 2027, starting from US$ 2.82 Bn in 2018.
The adoption of foundation repair services has been growing worldwide with increasing needs for restructuring and repair of the foundations of commercial, residential, and industrial buildings. Furthermore, the foundation repair services are engaged in fixing cracks over basement walls, concrete slabs, bricks & blocks, and chimney settlements. Altering weather and soil conditions are expected to fuel the demand for foundation repair services. In addition, geographical regions having fluctuating soil and weather conditions, are likely to witness increasing demand for services like foundation repair services in the upcoming years.
Technological innovation in foundation repair and elevation systems like “Stabilipier™ Foundation Repair System” have increased the implementation of new technologies by foundation repair services companies, thereby reducing the number of faults and cracks in residential and commercial buildings. Moreover, with the advancement of technology and introduction of automated tools in the construction industry for enhancing the designing process of foundations and other concrete works may decrease the frequency of building failures and accidents, which may restrict the growth of the foundation repair services market on a global scale.
End-use Analysis
“Increase in number of residential buildings accounts have a higher revenue share across the market”
Residential and commercial construction works are the major end-use sectors in the foundation repair services market. The residential sector is expected to hold a market share of around 72%, thereby exhibit a higher growth rate during the forecast period. In addition, government initiatives and policies like new funding’s, public private partnership (PPP) investments, and infrastructure tax credits is projected to drive the market growth over the forecast period.
The steady increase in remodeling activity will continue to grow due to rising home prices, homeowners aging in place, and non-availability of new construction works, which will boost up the global foundation repair services market. For instance, according to the Home Improvement Industry Statistics around 63% of residential consumers looks around for a renovation works, with having a spending of around 25% towards renovation works. The aforementioned factors is expected to propel the market growth on a global scale.
Regional Analysis
“Dominance is led by the development of government infrastructural initiative and projects.”
North America is projected to hold a largest market of around 38% for the foundation repair services market in 2018. Growing in number of infrastructural projects like commercial buildings, residential apartments in developed countries will boost up the market across North America. The U.S. Government initiatives like low rate of interest for infrastructural projects coupled with incentive grants, rural & federal capital evolving funds, and streamline permits will accelerate the demand for foundation repair services. Moreover, major foundation service providers in the North America region are providing foundation repair services and expanding their reach globally.
Furthermore, the U.S. Government funding’s, regulations, and delivered administration towards infrastructure projects is likely provide more funding’s for infrastructure projects, thereby driving the foundation repair services market over the forecast period.
List of Companies Covered:
- Acculift Foundation Repair
- Longview Foundation Repair
- DFW Foundation Repair Services
- Home Services Foundation Repair
- Huntsville Foundation Repair
- Windler Foundation Repair Systems
- Grapevine Foundation Repair
- Alfa Foundations
- Kent Foundation Repair
- Tyler Foundation Repair
- Groundworks
- Advanced Foundation Repair
Key Industry Development:
- In November 2019, Groundworks, the largest foundation services company, announced its acquisition with Innovative Basement Systems, thereby completing a rebranding from Innovative Basement Systems to Innovative Basement Authority.
- In July 2019, Groundworks, the Virginia Beach-based foundation services company had acquired both Ohio Basement Authority and Florida Foundation Authority.
- In February 2019, Texas Foundation Pros (TFP) expanded their building foundation repair services to Frisco, Texas.
- In July 2016, the Evergreen Basement Systems, Inc. (Evergreen) has merged with Virginia-based company JES Foundation Repair (JES), to provide a world-class service to the customers.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Repair Type (2017–2027; US$ Bn) |
|
End-use (2017–2027; US$ Bn) |
|
|
Geography (2017–2027; US$ Bn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall foundation repair services market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the foundation repair services market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which repair type segment holds a larger market share and why?
- Are low and middle-income economies investing in the foundation repair services market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Foundation Repair Services (FRS) Market
2.2. Global FRS Market, by Repair Type, 2018 (US$ Bn)
2.3. Global FRS Market, by End-use, 2018 (US$ Bn)
2.4. Global FRS Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global FRS Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Foundation Repair Services (FRS ) Market, by Repair Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Settlement Repair
4.3. Wall Repair
4.4. Chimney Repair
4.5. Floor Slab Repair
4.6. Others
5. Global Foundation Repair Services (FRS ) Market, by End-use, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Residential
5.3. Commercial
6. North America Foundation Repair Services (FRS ) Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America FRS Market Value and Growth, 2017-2027, (US$ Bn)
6.2. North America FRS Market Value, By Repair Type, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America FRS Market Value, By End-use, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America FRS Market Value, By Region/Country, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America
7. Europe Foundation Repair Services (FRS ) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe FRS Market Value and Growth, 2017-2027, (US$ Bn)
7.2. Europe FRS Market Value, By Repair Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe FRS Market Value, By End-use, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe FRS Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe
8. Asia Pacific Foundation Repair Services (FRS ) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific FRS Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Asia Pacific FRS Market Value, By Repair Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific FRS Market Value, By End-use, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific FRS Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific
9. Rest of the World Foundation Repair Services (FRS ) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World FRS Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Rest of the World FRS Market Value, By Repair Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of World FRS Market Value, By End-use, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World FRS Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America
10. Company Profiles
10.1. Acculift Foundation Repair
10.2. Longview Foundation Repair
10.3. DFW Foundation Repair Services
10.4. Home Services Foundation Repair
10.5. Huntsville Foundation Repair
10.6. Windler Foundation Repair Systems
10.7. Grapevine Foundation Repair
10.8. Alfa Foundations
10.9. Kent Foundation Repair
10.10. Tyler Foundation Repair
10.11. Groundworks
10.12. Advanced Foundation Repair
* Here we use FRS as a short form of Foundation Repair Services
TABLE 1 Market Snapshot: Global Foundation Repair Services (FRS ) Market
TABLE 2 Global FRS Market, by Repair Type, 2017–2027 (US$ Bn)
TABLE 3 Global FRS Market, by End-use, 2017–2027 (US$ Bn)
TABLE 4 Global FRS Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America FRS Market, by Repair Type, 2017–2027 (US$ Bn)
TABLE 6 North America FRS Market, by End-use, 2017–2027 (US$ Bn)
TABLE 7 North America FRS Market, by Country, 2017–2027 (US$ Bn)
TABLE 8 Europe FRS Market, by Repair Type, 2017–2027 (US$ Bn)
TABLE 9 Europe FRS Market, by End-use, 2017–2027 (US$ Bn)
TABLE 10 Europe FRS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 11 Asia Pacific FRS Market, by Repair Type, 2017–2027 (US$ Bn)
TABLE 12 Asia Pacific FRS Market, by End-use, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific FRS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 RoW FRS Market, by Repair Type, 2017–2027 (US$ Bn)
TABLE 15 RoW FRS Market, by End-use, 2017–2027 (US$ Bn)
TABLE 16 RoW FRS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 17 Acculift Foundation Repair: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 18 Longview Foundation Repair: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 19 DFW Foundation Repair Services: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 Home Services Foundation Repair: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Huntsville Foundation Repair: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Windler Foundation Repair Systems: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Grapevine Foundation Repair: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Alfa Foundations: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 25 Kent Foundation Repair: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 26 Tyler Foundation Repair: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 27 Groundworks: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 28 Advanced Foundation Repair: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
FIG. 1 Global Foundation Repair Services (FRS ) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global FRS Market Segmentation
FIG. 4 Global FRS Market, by Repair Type, 2018 (US$ Bn)
FIG. 5 Global FRS Market, by End-use, 2018 (US$ Bn)
FIG. 6 Global FRS Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key FRS Market Manufacturers, 2018
FIG. 9 Global FRS Market Value Contribution, By Repair Type, 2018 & 2027 (Value %)
FIG. 10 Global FRS Market, by Settlement Repair, Value, 2017–2027 (US$ Bn)
FIG. 11 Global FRS Market, by Wall Repair, Value, 2017–2027 (US$ Bn)
FIG. 12 Global FRS Market, by Chimney Repair, Value, 2017–2027 (US$ Bn)
FIG. 13 Global FRS Market, by Floor Slab Repair, Value, 2017–2027 (US$ Bn)
FIG. 14 Global FRS Market, by Others (Pier & Beam, Mud Jacking, etc.), Value, 2017–2027 (US$ Bn)
FIG. 15 Global FRS Market Value Contribution, By End-use, 2018 & 2027 (Value %)
FIG. 16 Global FRS Market, by Residential, Value, 2017–2027 (US$ Bn)
FIG. 17 Global FRS Market, by Commercial, Value, 2017–2027 (US$ Bn)
FIG. 18 U.S. FRS Market, 2017–2027 (US$ Bn)
FIG. 19 Rest of North America FRS Market, 2017–2027 (US$ Bn)
FIG. 20 U.K. FRS Market, 2017–2027 (US$ Bn)
FIG. 21 Germany FRS Market, 2017–2027 (US$ Bn)
FIG. 22 France FRS Market, 2017–2027 (US$ Bn)
FIG. 23 Rest of Europe FRS Market, 2017–2027 (US$ Bn)
FIG. 24 Japan FRS Market, 2017–2027 (US$ Bn)
FIG. 25 China FRS Market, 2017–2027 (US$ Bn)
FIG. 26 India FRS Market, 2017–2027 (US$ Bn)
FIG. 27 Rest of Asia Pacific FRS Market, 2017–2027 (US$ Bn)
FIG. 28 Middle East & Africa FRS Market, 2017–2027 (US$ Bn)
FIG. 29 Latin America FRS Market, 2017–2027 (US$ Bn)
Choose License
Contact Information
: sales@briskinsights.com
: +448081890034 (UK)