Overview

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

The Concrete Contractors industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

REPORT SNAPSHOT

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

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Products Chapter

    Product offerings in the Concrete Contractors industry are highly homogenous. Over 90.0% of total revenue is generated in this industry through the laying and smoothing of cast-in-place (CIP) concrete, a process in which concrete is poured into a mold or set constructed on-site. CIP concrete is transported in ready-mix or unhardened form, usually in a truck agitator that spins the concrete to prevent it from setting. CIP concrete is the standard building material for structural uses, including foundations, slabs, walls, beams and floors.

    New residential construction

    Traditionally, concrete contractors are employed early in the home building process when the unit's foundation is put in place. An ..

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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.
  • Why buy this report?

    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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