CE Pro’s 2017 State of the Industry Report
After a strong 2016 with 8.1% average growth, integrators look to keep momentum going for 2017. Now if only they can find technicians to hire.
The recession is clearly in the rearview mirror for custom integration companies, which reported increasing their revenues by a solid 8.1 percent in 2016 to $968,852 in CE Pro’s Annual State of the Industry report.
For 2017, integrators foresee a repeat of the prosperous mood of 2016 with predicted growth of 9.1 percent.
And why shouldn’t the growth continue? Many of the signals are overwhelmingly positive:
- Low Unemployment
- Stock Market Setting Record
- Housing Starts Up
- Home Sales/Equity Rising
- Rising Consumer Awareness
- Technology Advancing
But all is not rosy, according to the report, which is based on the 2016 CE Pro Annual Readership Study. There are still many challenges facing integrators, led by:
- Lack of Manpower
- Lower Revenue per Installation
- Continued Erosion of Equipment Margin
- Communication Gap with Millennials
Learn how to capitalize on the positives, how to face the challenges, and what we expect to see in 2017 regarding builders, recurring revenue, recruiting and more in CE Pro's 2017 State of the Industry Report.