Highlights from the 2012 Disaster Restoration & Remediation Market Study

It’s not often that we cross-promote feature stories with our sister publication, ICS Cleaning Specialist, but a piece in the March issue, recapping the annual Disaster Restoration & Remediation Market Study, is too significant for us to not make mention of it on R&R as well.

It’s not often that we cross-promote feature stories with our sister publication, ICS Cleaning Specialist, but a piece in the March issue, recapping the annual Disaster Restoration & Remediation Market Study, is too significant for us to not make mention of it on R&R as well.

The study consisted of 4,359 ICS subscribers and 5,109 R&R direct-request subscribers. Here are some of the highlights:

• Structural drying, deflooding/water extraction and fire/smoke damage were the top three (in order) services to which those surveyed attributed disaster work.

• Respondents are planning to spend an average $26,160 on equipment in 2012. That’s $4,000 less than what they planned to spend in 2011.

• 97% of respondents claim that either they, or someone in their company, have taken classes, attended seminars or completed course work relevant to disaster restoration and remediation. Yes, education matters.

• About 75% of those surveyed say they expect business to grow by about 24%, citing relationships with insurance companies, marketing and weather.

• Collection and cash flow is a significant concern among professionals.

To see the piece in its entirety, click here.