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Insulation Services in Australia Industry Market Research Report Now Updated by IBISWorld
[April 12, 2014]

Insulation Services in Australia Industry Market Research Report Now Updated by IBISWorld

(PR Web Via Acquire Media NewsEdge) Melbourne, Australia (PRWEB) April 13, 2014 The Insulation Services industry in Australia has endured extremely volatile conditions over the past five years due to government intervention policies and weak downstream building trends. Industry revenue is expected to total $750.0 million in 2013-14, up 3.4% on the previous year in response to stronger demand from the housing and commercial building markets. Revenue has fallen from a record peak at $1.3 billion in 2009-10, which coincided with the height of funding under the Federal Government's Home Insulation Program (HIP) and the subsidisation of ceiling insulation into existing dwellings under the Energy Efficient Homes scheme. According to IBISWorld industry analyst Anthony Kelly, "the abrupt termination of the HIP in early 2010 resulted in a sharp decline in demand for contractors and left many firms holding vast quantities of insulation stock and commitments to storage leases, staff payments and marketing programs." Given the volatile fluctuations in installation demand in the housing market and the adverse trends in the commercial building and industrial markets, industry revenue is estimated to trend down by an annualised 7.4% over the five years through 2013-14.

The industry is characterised by many small-scale firms operating in narrow geographic and specialist markets. Approximately 4,500 establishments contest the industry, down from a peak at 6,169 in 2009-10. Consequently, direct employment has fallen from 18,750 people in 2009-10 to approximately 7,150 people in 2013-14. The total workforce peaked at about 50,000 people in November 2009, when insulation was installed into a record 178,000 homes under the HIP.

Insulation Services industry revenue is forecast to return to solid growth over the next five years. "This performance reflects an expected recovery in the downstream building markets and subdued demand from the industrial markets," says Kelly. Increasing environmental concerns and rising energy costs are also expected to increase demand for insulation services as households and businesses look to cut costs and become more environmentally friendly. DIY competition will remain high and is expected to increase with developments in insulation materials and the simplicity of application.

For more information, visit IBISWorld's Insulation Services report in Australia industry page.

Follow IBISWorld on Twitter:!/ibisworldau IBISWorld industry Report Key Topics Operators in the Insulation Services industry install, remove and reinstall insulation products for thermal and acoustical protection of buildings, industrial and transport infrastructure, pipes and industrial equipment.

Industry Performance Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle Products & Markets Supply Chain Products & Services Major Markets International Trade Business Locations Competitive Landscape Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalisation Major Companies Operating Conditions Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance Key Statistics Industry Data Annual Change Key Ratios About IBISWorld Inc.

Recognised as the nation's most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit or call (03) 9655 3886.

Read the full story at (c) 2014 PRWEB.COM Newswire

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