Why the Restoration Industry is Booming
The restoration industry, which includes services like water damage restoration, fire and smoke damage repair, mold remediation, and storm damage repair, is closely tied to both natural and man-made events. These industries are growing due to several factors:
Increase in Natural Disasters: From wildfires and hurricanes to flooding and tornadoes, the frequency of extreme weather events is on the rise, creating more opportunities for restoration services.
Climate Change: As the effects of climate change intensify, so does the risk of damage to homes and businesses. Rising sea levels, more intense storms, and longer droughts are contributing to the demand for restoration services.
Aging Infrastructure: Buildings, plumbing systems, and electrical wiring are aging across the country, leading to more frequent issues with water damage, electrical fires, and structural problems.
Insurance Coverage: Most restoration services are covered by homeowners' and business insurance, making it easier for property owners to invest in repairs, thus fueling industry growth.
