Rock solid: Acceleration of the housing and nonresidential construction markets will support growth

Concrete is a crucial material for the construction sector given its use in foundations, walls and floors. As a result, performance for the Concrete Contractors industry is closely tied to that of the broader construction sector. Favorable lending rates, improved per capita disposable income and record corporate profit levels have helped bolster construction activity over the past five years across several sectors, increasing demand for industry services. Over the five years to 2018, housing starts are expected to increase. Conversely, unemployment is expected to fall during the same period, boosting the need for new office, industrial and manufacturing space. Over the five years to 2023, the industry is projected to continue expanding, albeit at a relatively slower pace...purchase to read more.

Industry Statistics & Market Size
Revenue
$44bn
Annual Growth 13-18
4.2%
Forecast Growth 18-23
Profit
Employment
262,269
Businesses
53,237
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Smaller operators comprise the majority of total establishments and serve local markets
  • Many concrete contractors have incurred higher purchasing costs
  • The uptick in housing investment will boost demand for smaller-scale regional contractors
  • Industry Report - Industry SWOT Analysis Chapter

    The Concrete Contractors industry is in the mature stage of its life cycle. Demand is primarily subject to fluctuations in investment in the industry's downstream construction markets; however, concrete as a building material has widespread acceptance and use in the laying of foundations and as a component of walls and exterior cladding for large buildings. Consequently, the industry has a high level of market acceptance, a key trait of a mature industry.Additionally, over the 10 years to 2023, industry value added (IVA), which measures the industry's contribution to the overall economy, is projected to grow an annualized 5.2%. Comparatively, US GDP is forecast to rise at an annualized rate of 2.2% d...purchase to read more.

    Additional Insights for the Concrete Contractors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Concrete Contractors Industry are

  • Ability to expand and curtail operations rapidly in line with market demand
  • Having a good reputation
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Housing starts and Value of private nonresidential construction in the Concrete Contractors industry impact industry performance..

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    What's in this report

    What is the Concrete Contractors Industry?

    Operators in this industry are primarily engaged in pouring, building and finishing concrete foundations and structural elements, such as retaining walls and private driveways and walks. Industry operators also perform grout and shotcrete work. The labor performed may include new work, additions, alterations, maintenance and repairs.

    Industry Products
  • New residential construction
  • New nonresidential construction
  • Additions, alterations and reconstruction
  • Other services
  • Industry Activities
  • Concrete placement on construction projects
  • Finishing on concrete slabs and footings
  • Foundations construction
  • Concrete pumping
  • Sidewalks construction
  • Curb, culvert and guttering construction or repair
  • Concreting grout and shotcrete work
  • Concrete patio construction
  • Concrete parking lot construction
  • Installing and finishing precast concrete
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Value of private nonresidential construction
  • Demand from municipal building construction
  • Demand from bridge and elevated highway construction
  • Yield on 10-year Treasury note

  • Current Performance
  • Primary markets
  • Public spending and industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing downstream markets
  • Industry profit and structure
  • Table: Concrete Contractors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Concrete Contractors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Industrial Building Construction
  • Bridge & Elevated Highway Construction
  • Commercial Building Construction
  • Municipal Building Construction
  • Road & Highway Construction
  • Road & Highway Maintenance

  • Key Selling Industries
  • Construction & Mining Equipment Wholesaling
  • Lumber & Building Material Stores
  • Precast Concrete Manufacturing
  • Ready-Mix Concrete Manufacturing
  • Tool & Hardware Wholesaling

  • Products & Services
  • New nonresidential construction
  • New residential construction
  • Additions, alterations and reconstruction
  • Other services
  • Chart: Concrete Contractors Industry Products and Services Segmentation

  • Demand Determinants
  • Residential building construction
  • Nonresidential building construction
  • Heavy engineering construction
  • Technological advancements
  • Product and labor substitution

  • Major Markets
  • Residential building construction
  • Commercial building construction
  • Nonbuilding construction
  • Institutional building construction
  • Municipal building construction
  • Other nonresidential building construction
  • Chart: Major Market Segmentation for the Concrete Contractors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Concrete Contractors

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Concrete Contractors Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Concrete Contractors Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Concrete Contractors Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Housing Starts (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Cast-In-Place Concrete
  • Also known as ready-mix concrete. Concrete that is kept in an unhardened form to be applied at a construction site and set to the required surface area or shape.
  • Precast Concrete
  • Concrete formed and set in a factory in certain shapes. Precast concrete usually has higher tolerances for weight, heat, cold and moisture because it is formed under controlled conditions.
  • Shotcrete
  • A sprayed concrete or mortar that involves the premixed ingredients (including water) pumped through a nozzle and blown by compressed air into a substrate; also called wet-mix shotcrete.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Concrete Contractors contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Concrete Contractors:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Concrete Contractors market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Concrete Contractors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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