GITNUX MARKETDATA REPORT 2024

The Most Surprising Restoration Industry Statistics And Trends in 2024

Statistic 1

"70% of homeowners experiencing water damage attempt DIY restoration before calling professionals."

Sources Icon

Statistic 2

"The restoration industry is expected to grow by 3-4% annually over the next five years."

Sources Icon

Statistic 3

"Restoration jobs related to natural disasters spiked by 20% over the past decade."

Sources Icon

Statistic 4

"Reconstruction services account for roughly 30% of restoration companies' revenue."

Sources Icon

Statistic 5

"Fire damage restoration comprises approximately 25% of the revenue of the restoration industry."

Sources Icon

Statistic 6

"80% of restoration companies use social media for marketing their services."

Sources Icon

Statistic 7

"Water damage accounts for about 40% of all insurance claims in the restoration industry."

Sources Icon

Statistic 8

"About 90% of restoration companies offer a 24/7 emergency response service."

Sources Icon

Statistic 9

"The average cost of water damage restoration is approximately $2,700 per incident."

Sources Icon

Statistic 10

"The restoration industry employs over 900,000 people in the United States."

Sources Icon

Statistic 11

"20% of restoration industry revenue is derived from commercial properties."

Sources Icon

Statistic 12

"The demand for biohazard cleanup services has increased by 15% due to the COVID-19 pandemic."

Sources Icon

Statistic 13

"60% of restoration service calls are related to water damage from leaks or flooding."

Sources Icon

Statistic 14

"Over 54% of restoration companies report difficulties in finding skilled labor."

Sources Icon

Statistic 15

"The average time to complete a full restoration project is between 2 to 4 weeks."

Sources Icon

Statistic 16

"Demand for mold remediation services is expected to grow by 5% annually over the next decade."

Sources Icon

Statistic 17

"Approximately 75% of restoration projects are associated with residential properties."

Sources Icon

Statistic 18

"The rate of customer satisfaction in the restoration industry hovers around 70%."

Sources Icon

Statistic 19

"The U.S. restoration industry is valued at approximately $210 billion annually."

Sources Icon

Statistic 20

"Insurance companies cover around 95% of professional restoration costs."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!