This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Read More

Foundation Repair Services Market

Foundation Repair Services Market By Service Type (Settlement Repair, Wall Repair, Chimney Repair, Floor Slab Repair), End-User (Residential , Commercial) & Region - Forecast 2022 - 2027

Foundation Repair Services Market By Service Type (Settlement Repair, Wall Repair, Chimney Repair, Floor Slab Repair), End-User (Residential , Commercial) & Region - Forecast 2022 - 2027

Foundation Repair Services Market - Analysis, Outlook, Growth, Trends, Forecasts

Foundation Repair Service Market - Overview

[300 pages Report] As per newly released data by Future Market Insights (FMI), the foundation repair service market is estimated at US$ 2,655.7 Mn in 2022 and is projected to reach US$ 3,027.4 Mn by 2027, on the other hand, the foundation repair service market reflected a historic CAGR of 2.3% from 2013 to 2021.

Attribute

Details

Estimated Foundation Repair Services Market Size 2022

US$ 2,655.7 Mn

Projected Foundation Repair Services (2027) Market Size

US$ 3,027.4 Mn

Value CAGR (2022-2027)

2.7%

Foundation Repair Services Market Top Players Share in 2021.

5%-10%

The share of the foundation repair services market in its parent market (construction market) is close to 0.1%-2%.

Key Points Covered in Foundation Repair Services Market Survey

  • Market estimates and forecast 2013-2027
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Global Foundation Repair Services Market and How to Navigate
  • Recommendation on Key Winning Strategies

2013-2021 Global Foundation Repair Services Market Outlook Compared to 2022-2027 Forecast

Foundation Repair Services are services offered across to globe to repair and restructure the foundations of residential, industrial and commercial buildings witnessing cracks over concrete slabs, basement walls, chimneys settlement, cracks over bricks & blocks, & failure of pile foundation, shallow foundation, and retaining walls.

The changing soil conditions and weather conditions are expected to be the primary factors impacting the demand for foundation repair services globally, i.e. regions witnessing frequent changes in both weather and soil conditions are likely to witness an increased demand for services such as foundation repair services.

Increasing Adaption of Pre-Maintenance of Buildings and Infrastructure is Significantly Boosting the Foundation Repairing Services Market

In the present scenario, the trend of adopting pre-maintenance of buildings and infrastructure, which include prevention, mitigation and preparedness, is creating growth opportunities for the foundation repairing services market.

Moreover, the government of some of the countries has been planning for repairing and restoration of the heritage and buildings. The infrastructural loss of various heritage sites due to tourism has led to the enforcement of stringent laws regarding heritage conservation, maintenance and building repairing worldwide.

The implementation of heritage safety laws by the government has increased the demand for heritage conservation and foundation repairing too. This is expected to positively influence the growth of the market.

The Growth of the Robotics and Automobiles Industries is Driving the Foundation Repairing Services Market.

Autonomous devices can help various companies and organizations enhance infrastructure construction and repairing processes at sites. With advancements in the robotics and automobile industries, the methods of recovering from infrastructural loss are becoming faster and more efficient, which is contributing to the growth of the foundation repairing services market.

For example, the usage of drones, social media, and satellite imagery through GIS at sites can increase the efficiency of the supply chain management for the foundation repairing services market. On another hand, various foundation repairing services companies are focusing on the introduction of advanced gadgets in vehicles and machines, which increases the load handling capacities.

Country-wise Insights

Increasing Disposable Income in the United States Increases Its Citizen’s Ability to Spend on House Restoration, Renovation and Repairing

The increase disposable income of people in the US depends upon the economy of a country. The economic development of a country enables it to increase expenditure on house, office, and other building restoration, renovation and repairing.

Moreover, the implementation of the stringent government rules for buildings safety and therefore increasing government spending on building restoration and repairing is expected to propel growth of the market.

In the present scenario, with economic growth in the region their spending on construction, repairing, and maintenance of the buildings increases.

High Demand for Foundation Repairing Services in Japan as the Region is Frequently Affected by Disasters

Foundation Repair Services business in Japan is expected to rise at an impressive CAGR. Some of the cities like Osaka, Kobe and Tokyo in Japan are frequently hit by natural disasters. Companies offering foundation repairing services are expected to witness high demand in these areas. Moreover, most coastal places are frequently prone to disasters.

These cities in Japan require regular foundation repair services. In addition, due to the economic growth of Japan, they are expected to spend and invest more in pre-foundation repairing during the forecast period.

An Increase in Man-Made Disasters in India is Expected to Drive the Foundation Repairing Services Market During the Forecast Period

Man-made disasters have become ordinary events in India during the past few decades as human activities continue to make their mark on the environment. The Bhopal gas tragedy, the Vizag gas leak, Uttarakhand, Chennai and Hyderabad floods are some of the disasters that have occurred due to the mistakes of mankind.

Thus, the occurrence of man-made disasters are expected to drive the foundation repairing services market in India during the forecast period.

Category-wise Insights

Which Service Type in Foundation Repair Services Faring within the Market?

Based on service type, the foundation repair services market is sub-segmented into settlement repair, wall repair, chimney repair, floor slab repair, and others. The wall repair segment hold the maximum market share in 2021. The failure of a shallow foundation has the most prominent effect over the walls of a building, which results in cracks.

Thus, the same segment dominated the global market in the global foundation repair services market. In addition to this, the wall repair segment is also expected to exhibit a significantly high growth rate during the forecast period, making it a significantly attractive segment.

Factors such as increasing population and urbanization are also contributing to the growing construction industry, which is expected to drive the demand for services such as foundation repair services as well, during the forecast period. 

Which End-User Holds a Lucrative Share for Foundation Repair Services?

By end-user, the foundation repair services market is segmented into residential and commercial. Out-of-the two, the residential segment is expected to hold more than three-quarters of the market share in the global foundation repair services market. The same segment is also expected to exhibit a higher growth rate during the forecast period, in the global foundation repair services market.

The commercial segment does not witness a frequent demand for foundation repair services as the type of foundation laid is mostly deep (pier foundation and pile foundation). Besides this, the design and construction of commercial buildings are done under the proper supervision of a specialized engineer, making them less prone to errors and failure.

Thus, the commercial segment held a comparatively lower market share and is expected to exhibit a lower growth rate, during the forecast period, in the global foundation repair services market.

Competitive Landscape

Leading players operating globally in the market and are focusing on recent innovative technologies in order to expand their business globally. With the help of advanced tools and techniques players can repair cracked foundation walls and floors, uneven foundations, sinking floors and other damages that can go wrong with customer foundation.

For instance:

  • Master Services design permanent foundation repair solutions to help customers to protect their property in long run. The player uses the latest technology and the most advanced repair technique to ensure that the home and property is on a safe, solid foundation.

Scope of Report

Attribute

Details

Forecast Period

2022-2027

Historical Data Available for

2013-2021

Market Analysis

USD Million for Value

Key Regions Covered

North America, Latin America, Europe, East Asia,

South Asia, Oceania & MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, Russia, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand.

Key Segments Covered

Service Type, End-User, and Region.

Key Companies Profiled

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Sign Up with MarketNgage

World's Most Profilic Intelligence Engine

Get Access To The World's Largest Market Research Database.

Sign Up Now

Global Foundation Repair Services Market by Category

By Service Type:

  • Settlement Repair
  • Wall Repair
  • Chimney Repair
  • Floor Slab Repair
  • Others

By End-User:

  • Residential
  • Commercial

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Questions Answered in the Report

What is the current foundation repair services market value?

The global foundation repair services market is likely to reach a valuation of US$ 2,588.2 Mn in 2021.
The global foundation repair services market grew at a sluggish 2.3% CAGR between 2013 and 2021.
Increasing adaption of pre-maintenance of buildings and infrastructure is significantly boosting the foundation repairing services market and high demand for foundation repairing services at areas that are frequently affected by disasters are the key trends in the market.
Leading players operating in the global foundation repair services market are Eric’s Concrete & Masonry Services Ltd., Dwyer Companies, Supportworks, Inc., SOS Foundation Repair, GROUNDWORK, MASTER SERVICE COMPANIES, RAM JACK SYSTEMS DISTRIBUTION among others.
The North America foundation repair services market is projected to grow at a 1.8% CAGR over the forecast period.
The Europe foundation repair services market is anticipated to expand at 2.2% CAGR over the forecast period.

Need specific information?

Our Clients

Services and Utilities

View All Reports from Services and Utilities

View Reports

Recommendations

Services

Global Pest Control Services Market 092017

Published : 2017-09-28

Services

Water Hauling Services Market

Published : 2019-03-07

Services

Foundation Repair Services Market

Published : 2021-12-29