Keeping watch of the top snow removal industry statistics and trends helps your business to take advantage of innovative ideas as well as assess your success.
Use this article to discover:
Start taking advantage of these top snow removal industry statistics and trends to make improvements to your business and sustain long-term success.
Despite potential concerns you may have, the latest snow removal industry statistics show an 18% business growth between 2016 and 2021.
In other words, the snow and ice industry still remains a viable, profitable industry with sustained growth over the past several years.
Which means, snow and ice services make up about 35% of earnings for businesses offering snow and lawn services.
As a result, this combination of service offerings allows your business to consistently generate year-round revenue.
Plus, when you already have lawn care clients (and vice versa), you can easily convert them into clients for your other services.
By far, one of the most surprising snow industry statistics is that YoY (i.e. year-over-year) client retention sits at 93%.
However, the average client retention outside of the snow and ice industry lies at 75%.
Which means, snow removal clients have about an 18% higher retention rate than average clients outside of the industry.
60% of snow and ice removal clients are commercial. In turn, the commercial space serves as a lucrative opportunity for your business to scale faster.
By expanding your market into the commercial space, you can expand your market segment to take your business to the next level.
When you take advantage of the top snow removal industry trends, you can generate new, innovative ideas to create everyday solutions and improvements.
Take a look at a few of the top trends you should watch:
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Now, you know the latest snow removal industry statistics and trends so you can:
Start taking advantage of these snow removal industry statistics and trends so you can have a successful season!
Originally published Oct 17, 2023 7:00 AM CT