Termite Control Services Market, Growth Opportunities & Technology Developments by 2027

Posted on 2019-09-27 by Mark Hub in Retail // 0 Comments

Termite control services market is highly fragmented with 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 for 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. Semiochemicals Gain Momentum as Efficacious IPM Strategy in Termite Control

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Advancements in strategies of integrated pest management (IPM) have observed significant escalations, upheld particularly by contribution of chemical ecology. Public demand and environmental concerns associated with use of toxic pesticides and insecticides for managements of pests, such as termites, have led to 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 services 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 adoption of smart techniques, which prevent costly infestations through sustainable solutions. Constant monitoring and instant reactive steps offered by such smart techniques has become a new focus area for termite control services providers to adopt. Providers who emphasize on 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 use of camera-equipped drones that offer a bird’s eye view of termite issues, emerging not only as 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 co-operation 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 broader range of efficacious alternatives to hand-spraying of insecticides and pesticides, which in turn has resulted in development of cost-effective and innovative solutions such as pre-construction termite control and 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 has resulted in a widening list of effective alternative options, thereby enabling real estate developers to advice clients in selecting among a range of options as per their investment suitability.

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Providers Emphasize on Efficient Technician Scheduling as a Key Profit Determinant

Termite control services providers are shifting their focus toward maximizing productivity of their technicians, with labor being most significant cost-intensive asset. These providers are putting 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.

Market Definition

Termite control services are services related to management and regulation of myriad termites, which are harmful for 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 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 study on key dynamics such as drivers, opportunities, trends and restraints, influencing current and future prospects of the termite control services market. Primary aim of this report is to deliver its readers with an 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 termite control services market. This further enables the report readers to align well with the changing dynamics of termite control services market.

An overview of 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 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 termite control services market in terms of value (US$ Mn).

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