The fire damage restoration industry is experiencing rapid growth, projected to reach $42.93 billion in 2025 and $55.53 billion by 2030. This surge is driven by devastating wildfire seasons and increasing extreme weather events. Fire restoration specifically is expected to grow at a 6% CAGR, highlighting a substantial opportunity for companies like Jacobs and SERVPRO.
Restoration firms are expanding services beyond traditional repairs to include water extraction, mold remediation, and advanced technologies like thermal imaging. This shift towards comprehensive solutions reflects customer demand for all-in-one recovery services.
The industry faces hiring challenges due to a shortage of skilled workers, leading companies to offer competitive wages and training. Significant growth in restoration services is anticipated as climate change increases disaster frequency. Positioning now will allow firms to capture market share in an evolving industry landscape, emphasizing the transition from reactive responders to essential partners in disaster recovery.
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