Rock solid: Growth in demand for residential building construction will bolster industry growth

The Masonry industry is highly fragmented, with many small-scale, geographically dispersed contractors operating in the market. The skilled services performed by this industry include brick and block laying, pointing, tuck pointing, cleaning and caulking masonry. Given the industry's close link to construction markets, several macroeconomic trends over the five years to 2018 have proven helpful for industry operators. Over the five years to 2023, sustained but decelerated growth in the residential and commercial building markets will positively affect industry performance...purchase to read more.

Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 13-18
4.8%
Forecast Growth 18-23
Profit
Employment
210,416
Businesses
88,150
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Several macroeconomic trends over the past five years have proven helpful for industry operators
  • Demand for masonry services from municipalities has stagnated since early-period local budget cuts
  • The new housing construction market is expected to continue supporting industry growth
  • Industry Report - Industry Locations Chapter

    The geographic distribution of industry activity broadly corresponds with the distribution of population and economic activity across the United States. More specifically, the distribution of establishments in this industry reflects the regional variations in the preference for brick housing construction and refractory installation for heavy industrial applications. The Southeast region accounts for an estimated 21.5% of industry establishments. This representation partially reflects the concentration of several of the nation's largest clay brick manufacturing operations in Georgia and North Carolina, which are close to raw material deposits. Proximity to these deposits has heightened the preference for clay brick housing construction within the region...purchase to read more.

    Additional Insights for the Masonry Industry

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

  • Having a good reputation
  • Having contacts within key markets
  • Market research and understanding
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Demand from commercial building construction in the Masonry industry impact industry performance..

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    What's in this report

    What is the Masonry Industry?

    Operators in the Masonry industry provide services such as stone setting, bricklaying, brick-to-glass block laying and exterior marble, granite and slate work. Industry activities also include additions, alterations, maintenance, repairs and new construction. This industry excludes businesses that pour, build and finish concrete foundations and structural elements (see IBISWorld report 23811).

    Industry Products
  • Masonry contracting using brick, block or concrete
  • Other (including work with slate, marble and granite)
  • Pointing, cleaning and caulking
  • Stucco contracting
  • Stone contracting
  • Industry Activities
  • Constructing walls and other structures by laying bricks, blocks or stones
  • Repairing existing masonry work
  • Constructing foundations made of bricks, blocks or stones
  • Laying bricks or glass blocks
  • Laying marble, granite or slate on the exterior of buildings and structures
  • Setting Stone
  • Laying paving bricks, blocks or tiles
  • Constructing and repairing partitions, arches, sewers and chimneys
  • Constructing and repairing work on kilns and furnaces
  • Laying refractory bricks
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Demand from commercial building construction
  • Housing starts
  • Private spending on home improvements
  • Yield on 10-year Treasury note

  • Current Performance
  • Strengthening residential markets
  • Growing nonresidential building construction
  • Growing profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream market trends
  • Slight profit gains
  • Table: Masonry Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Heavy Engineering Construction
  • Apartment Rental
  • Commercial Leasing
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Clay Brick & Product Manufacturing
  • Concrete Pipe & Block Manufacturing
  • Construction & Mining Equipment Wholesaling
  • Manufactured Home Wholesaling
  • Stone Mining
  • Stone, Concrete & Clay Wholesaling

  • Products & Services
  • Masonry contracting using brick, block or concrete
  • Other (including work with slate, marble and granite)
  • Pointing, cleaning and caulking
  • Stucco contracting
  • Stone contracting
  • Chart: Masonry Industry Products and Services Segmentation

  • Demand Determinants
  • Short-term determinants of demand
  • Long-term determinants of demand

  • Major Markets
  • Residential construction market
  • Commercial construction market
  • Municipal construction market
  • Other
  • Chart: Major Market Segmentation for the Masonry Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Masonry

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Masonry 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 Masonry 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 Masonry Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Value of residential construction (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Cladding
  • A covering or coating on a structure or material.
  • Joint
  • In masonry, joints are the spaces between bricks, concrete blocks or glass blocks that are filled with mortar or grout.
  • Pavers
  • An interlocking, precast piece of concrete or brick commonly used in exterior hardscaping applications.
  • Refractory Brick
  • Bricks or blocks typically manufactured from ceramic materials that can withstand extremely high temperatures, and are used in lining furnaces, kilns, and fireplaces.
  • Tuck Pointing
  • Repair of brickwork by "tucking" mortar into damaged mortar joint using the point of a trowel.
  • What Our Customers Say

    Why buy this report?

    The Masonry industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 Masonry:
    • 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 Masonry 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 Masonry, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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