M&As and Regional Expansion: A Pervasive Strategy for Termite Control Services Market Players
The termite control services market is highly fragmented with the presence of a large number of local and regional players who hold sway in a particular state or city.
Established players in the termite control services market are in constant seek of entering into strategic partnerships or merger & acquisition activities with the regional competitors, to capitalize on their service-specific offerings, thereby expanding their customer base and global footprint alike.
- Atlanta-based Arrow Exterminators recently announced its merger and acquisition of the Knockout Pest & Termite, which would strengthen its presence in Southern Alabama’s commercial & residential pest and termite control services market. The acquisition provides Arrow with eight service centers of Knockout throughout the Alabama state.
- Rollins has recently strengthened its position in Kansas and Oklahoma with the acquisition of Ponca City – a pest control service provider. This acquisition will offer Rollins with Ponca’s P.E.S.T machine – an electrostatic duster, along with procedures and protocols.
- Plunkett’s Pest Control acquired Bugeaters Pest Control and L&S Termite and Pest Control, both family-owned businesses offering quality pest management services to customers. The acquisition is a perfect fit for Plunkett’s, L&S, and Bugeaters alike, all being full-service providers of pest management services.
- Indianapolis-based Askren Termite and Pest Control recently merged with Franklin Pest Solutions. The merger will act as a boon for the latter as it will reap benefits throughout their overall network of services across Wisconsin, Kentucky, Illinois, and Indiana.
- Black Diamond, in early September 2018, announced its opening of a franchise location in eastern Kentucky’s River Cities area, thereby expanding its service reach for both commercial and residential clients in the area.
- In early August 2018, Gregory Pest Solutions acquired the Greenville-based Commander Pest Solutions, to leverage its pest control services and termite treatment technique offerings across the area.
- Rentokil Steritech recently finalized a deal of acquiring The Hitmen Termite & Pest Control, which would expand its business footprint in the Northern California Market. The acquisition further adds 120 full-time Hitmen employees to Rentokil’s staff.
Semiochemicals Gain Momentum as Efficacious IPM Strategy in Termite Control
Advancements in strategies of integrated pest management (IPM) have observed significant escalations, upheld particularly by the contribution of chemical ecology. Public demand and environmental concerns associated with the use of toxic pesticides and insecticides for the management of pests, such as termites, have led to the 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 service 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 the adoption of smart techniques, which prevent costly infestations through sustainable solutions. Constant monitoring and instant reactive steps offered by such smart techniques have become a new focus area for termite control services providers to adopt. Providers who emphasize 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 the use of camera-equipped drones that offer a bird’s eye view of termite issues, emerging not only as a safer option for service providers but also optimizing the processes and cutting down manpower costs in the long run.
Continuation of Adequate Termite Control Measures Essential for Curtailing Structural Damage
Determination of potency or incidence of termite damage to residential and commercial structures is not yet accurate, however, the construction industry, in cooperation 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 a broader range of efficacious alternatives to hand-spraying of insecticides and pesticides, which in turn has resulted in the development of cost-effective and innovative solutions such as pre-construction termite control and the 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 have resulted in a widening list of effective alternative options, thereby enabling real estate developers to advise clients in selecting 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 the productivity of their technicians, with labor being the most significant cost-intensive asset. These providers are putting a 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.
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 of the competitor landscape of the termite control services market.
Exhaustive data on preeminent and emerging termite control services providers have been delivered in the report, along with a 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.
Some of the key developments made by leading termite control services market players and government authorities have been listed below
- Prime Termite has recently introduced its green termite treatment techniques, namely, Bora-Care Foaming directed toward exterior & interior structures of residential and commercial buildings, and Thermigation (Heat-Plus Treatment) directed toward drywood termites. These are claimed to be state-of-the-art and green treatment methods for termite control, which eliminate the use of chemicals – both natural and organic.
- The Australian Environmental Pest Management Association (AEPMA) is taking efforts for promoting the culture of innovation and professionalism in pest management, such as termite control services, in associated and allied industries including building and construction. This Code of Practice has been prepared for promoting stakeholders involved in the incorporation of termite control services. Initiatives such as “gold standard” code of ethics, higher standard of education and training for the termite control services market players, development of the “National Competency Standards,” and professional accreditation via PestCert, have been taken by AEPMA to promote innovation in the termite control services market.
Know More Details About the Report
Termite control services are services related to the management and regulation of myriad termites, which are harmful to human health. These services are designed specifically for eliminating tiny insects that dwell underground and damage walls and other household products, particularly the ones made from wood.
Various types of treatments available for termite control include non-chemical treatments, chemical treatments, conventional barrier treatments, wood treatment, and termite baits.
About the Report
Fact.MR’s report on the termite control services market is a comprehensive compilation of valuable as well as actionable insights.
A scrutinized assessment on the termite control services market is delivered in this report that includes a study on key dynamics such as drivers, opportunities, trends, and restraints, influencing current and future prospects of the termite control services market.
The primary aim of this report is to deliver its readers with authentic intelligence on the termite control services market, to aid them in collecting and slating possible strategies on the basis of holistic insights delivered on the termite control services market.
This further enables the report readers to align well with the changing dynamics of the termite control services market. An overview of the termite control services market is covered in the report, to help clients better understand their future growth potential in the termite control services market.
This is further expected to enable them in making proper decisions on the future direction of their businesses related to termite control services, as well as making lucrative investment decisions in the termite control services market.
A realistic view of the termite control services market acumen is offered in the report, eliminating all biases, coupled with data on the termite control services market in terms of value (US$ Mn).
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Additional Questions Answered
Answers to several other imperative questions related to termite control services market have been offered in this report, such as
- By what rate will industrial end-users of termite control services outpace residential and commercial end-users?
- Will ad-hoc termite control services continue to dominate the termite control services market?
- Will pre-eminence of chemical termite control services prevail during 2018 to 2027?
- Which region will remain most remunerative for termite control services market?
A detailed assessment has been provided on the termite control services market in the report, which bases itself on a robust, proven & tested research methodology.
Comprehensive primary and secondary research is involved in this approach, which has aided in arriving at relevant and imperative numbers associated with the termite control services market.
Intelligence data gathered on the termite control services market have been thoroughly validated, examined, and re-examined, before their incorporated in the report.
The authenticity of data and statistics derived apropos of the termite control services market is based on the unique nature of this research approach.
The report on the termite control services market claims the provision of greater accuracy and authentic data on the termite control services market.
Information attained from industry experts and opinion leaders in the termite control services market are extrapolated, and inspection of data has enabled developers of this report to offer an analytical and insightful study on the termite control services market.
An Adaptive Approach to Modern-day Research Needs
A systematic representation of key segments in the termite control services market has been provided in the report, which is portrayed in the form of a taxonomy table.
The termite control services market has been broadly classified into service nature, service type, end-user, and region.
Contracted and ad-hoc are two main nature of services analyzed in the termite control services market.
The report categorizes the termite control services market on the basis of service type into organic termite control services and chemical termite control services.
End-users analyzed and elaborated in the termite control services market report include commercial, residential, industrial, and agriculture.
Geographically, the report categorizes the termite control services market into North America, Europe, Latin America, Asia-Pacific excluding Japan (APEJ), Japan, and Middle East & Africa (MEA).
Termite Control Services Market Scope of The Report
This report provides an accurate forecast and comprehensive analysis on the termite control services market, for the period between 2018 and 2027.
An all-inclusive assessment on imperative aspects, which include growth hindrances, drivers, trends, and opportunities, for termite control services worldwide has been provided in the report.
Additionally, the report offers important factors that are likely to impact innovation and developments in the termite control services, which in turn is expected to allow service providers in the termite control services market to devise fact-based expansion strategies for their businesses.
Chapter 1 – Executive Summary
The initial chapter offers a summary of the analysis offered on the termite control services market in the report, where the market size has been evaluated in terms of value (US$ Mn). An opportunity assessment of the termite control services market has been delivered in this chapter.
Key dynamics, including opportunities, trends, restraints, and drivers, for the growth of the termite control services market, have also been listed in this chapter.
Chapter 2 – Overview
This chapter gives an overview of the termite control services market, which includes a brief introduction to the termite control services market and a formal definition of the target research area – “termite control services.”
The overview gives a clear picture of the scope of the report, which is to offers clients in-depth analysis and actionable insights on the termite control services market.
Chapter 3 – Market Dynamics & Associated Industry
This chapter offers a scrutinized analysis of important dynamics affecting the growth of the termite control services market, which include drivers, restraints, trends, and opportunities.
Competitive analysis for key players operating in the termite control services market has also been offered in this chapter, along with an analysis on the associated industry – pest control products & services market.
The regulatory framework for the termite control services market has been examined and elaborated, while the product feasibility and regional proliferation of termite control services for the period between 2018 and 2027 have been forecast.
Chapter 4 – Analysis of Termite Control Services Market
This chapter provides an outlook on the termite control services market at a global scale, including market value forecast and analysis, regional demand assessment, and regional market value share comparison.
The termite control services market has been categorized into end-user, service type, and service nature, which have been assessed on the basis of value & forecast, Y-o-Y growth comparison, and market attractiveness analysis.
Chapter 5 – North America Termite Control Services Market
Growth prospects of all the segments of the termite control services market in North America have been delivered in this chapter.
The value-based forecast has also been offered for the North American termite control services market at the country level.
Chapter 6 – Latin America Termite Control Services Market
This chapter delivers an analysis of the termite control services market in Latin America, along with the provision of key trends affecting the growth of this regional market. Country-wise demand assessment on the Latin America termite control services market has also been rendered in this chapter.
Chapter 7 – Europe Termite Control Services Market
This chapter offers an intricate analysis of the dynamics affecting the expansion of the termite control services market in Europe. Value shares of countries in Europe’s termite control services market have also been provided in this chapter.
Chapter 8 – Japan Termite Control Services Market
This chapter delivers value forecast and value share of the termite control services market in Japan. Prospects of all market segments in Japan termite control services market have been included in this chapter.
Chapter 9 – APEJ Termite Control Services Market
This chapter gives a detailed assessment of the termite control services market in Asia-Pacific excluding Japan (APEJ). Y-o-Y growth comparison for all the segments in the APEJ termite control services market has been offered in this chapter.
Chapter 10 – MEA Termite Control Services Market
This chapter gives in-depth analysis and valuable insights on the termite control services market in Middle East & Africa (MEA).
Important numbers, such as market value share, and CAGR, associated with MEA termite control services market have been delivered in this chapter.
Chapter 11 – Competitive Assessment
A dashboard view of key companies operating in the termite control services market has been provided in this chapter, along with a company share analysis.
Strategic matrix and competition analysis on the termite control services market player have been thoroughly discussed, and the regional presence of the market participants has been portrayed with the help of an intensity map.
Chapter 12 – Company Profiles
This concluding chapter of the report profiles key companies that underpin the growth of the termite control services market. Region-wise share of the target product, company revenue share based on the market segments, key developments, key financials, and SWOT analysis has been provided for all the market players profiled in the report.
The insights on the termite control services market have been extracted from diverse resources such as published financial data, quarterly financial statements, company press releases, published trade data, 10-K & 10-Q filings, annual reports, local newspapers, company websites, and other data sources.
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