About Foundation Repair Services
Foundation repair services are mainly to provide repairing to damaged home, building or any structure. It is essential when core structure of any constructed buildings, home or others is damaged and concrete is distress. This repair services are help to relocate disturbed structures in their original places. There are number of repairing services are provided by market players. Rising construction infrastructure across the globe is impacting on the demand in positive manner as demand for foundation repairing is rising eventually.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The market of foundation repair services is expected to grow with rising construction activities. Several companies are operating in the market to provide different number of services to buildings and other facilities. The market is highly fragmented with the presence of several market players. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Groundworks Inc. (United States), Foundation Repair Services, Inc. (United States), Keystone Foundation Repair, Inc. (United States), SOS Foundation Repair (France), A-1 Concrete Leveling & Foundation Repair. (United States), Connecticut Basement Systems (United States), Dwyer Companies (United States), Atlas Master Companies (United States), Morcon Foundations Ltd. (United Kingdom), Basement Force Ltd (United Kingdom) and Fosroc, Inc. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Foundation Repair Services market by Type (Sunken Repair, Wall Repair {Cracked, Bowed}, Chimney Repair, Floor Slab Repair and Others), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Foundation Repair Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technique, the sub-segment i.e. Underpinning will boost the Foundation Repair Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Foundation Type, the sub-segment i.e. Basement will boost the Foundation Repair Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapidly Growing Demand for Wall Repair Applications
Market Growth Drivers:
Rising Construction Infrastructure owing to Increasing Population across the Globe and Rising awareness regarding Commercial Workplace Safety
Challenges:
High Cost of Techniques and Fluctuation in Raw Material Availability
Restraints:
Less Applicability for Ohio Soil
Opportunities:
Increasing Technological Advancements has Created Growth Opportunities, Surge in Construction Industries especially in Asia Pacific Region and New Launching of Automated Tools and 3D Moulding
Market Leaders and their expansionary development strategies
In July 2020, Groundworks Companies has acquired Foundation Systems of Michigan (FSM). This acquisition is mainly to create and provide unique solution for foundation repair, basement waterproofing, crawl space repair, and concrete lifting, and other activities.
In December 2023, The National Association of Realtors (NAR) reported an increase in demand for foundation repair services due to extreme weather events and aging infrastructure. This could indicate a growing market for foundation repair companies.
Key Target Audience
Foundation Repair Services Manufacturers, Foundation Repair Services Suppliers/Distributors, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.