Strong build: Acceleration of the housing and nonresidential construction markets will support growth

Concrete is a crucial material for the construction industry given that it is used in foundations, walls and floors. As a result, the Concrete Contractors industry's performance is closely tied to the broader construction sector, which has rebounded and expanded strongly over the past five years. In the coming years, an acceleration of the housing, nonresidential and infrastructure construction markets are forecast to help the industry continue to grow...purchase to read more.

Industry Statistics & Market Size
Revenue
$47bn
Annual Growth 12-17
7.0%
Forecast Growth 17-22
Profit
Employment
235,967
Businesses
51,829
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The housing market’s recovery has positively contributed to this industry’s fortunes, increasing demand and boosting revenue
  • The price of cement, one of the primary ingredients in concrete, is expected to increase
  • A rise in housing investment will increase demand for smaller-scale concrete contractors
  • Industry Report - Industry Locations Chapter

    The Concrete Contractors industry is distributed throughout the United States largely in line with the distribution of population and economic activity. Because most operators in the industry are small companies that work in the residential market, employee concentration, which reflects nonemployers as well as employers, is somewhat stronger in regions with highly active housing markets, such as the Southwest and West regions.However, the Southeast region holds the highest number of industry establishments (19.8% of the total) because of its size (with 25.6% of the US population) and economy. The region includes Florida, which has several large metropolitan areas and active housing markets like Miami, Tampa and Jacksonville.The West region is home to 14.8% o...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 and alterations to existing structures
  • 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
  • Downstream markets picking up
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing downstream markets
  • 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 and alterations to existing structures
  • Other services
  • Chart: Concrete Contractors Industry Products and Services Segmentation

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

  • Major Markets
  • Nonresidential construction
  • Residential construction
  • Highway, street and sidewalk paving
  • Manufacturing, industrial and heavy infrastructure 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
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Housing Starts (2008-2022)

  • 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 Concrete Contractors Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Concrete Contractors industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    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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