Concrete plans: A booming construction sector in the state will support revenue gains

The Concrete Contractors industry in Illinois has grown rapidly over the past five years. As one of the most important and ubiquitous building materials, the state's booming construction sector has underpinned this growth, generating strong demand and revenue increases for concrete contractor services. For example, housing starts and nonresidential construction have both been rising at double-digit annualized rates over the past five years. The industry is forecast to continue growing over the next five years, albeit at a slower rate, due to a slowdown in the rapid growth of the construction sector, as well as stagnating federal funding for transportation and rising interest rates...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
8.4%
Forecast Growth 17-22
Profit
Employment
7,054
Businesses
865

Industry Threats & Opportunities

  • Strong demand and revenue growth have given industry contractors more pricing leverage
  • Concrete contractors in Illinois operate in a fragmented and highly competitive environment
  • Illinois residential and nonresidential building markets are forecast to continue rapid growth
  • Industry Report - Industry Locations Chapter

    The vast majority of industry activity is concentrated in and around Chicago. As the largest metropolitan area in Illinois, and the third-largest city in the United States, Chicago is a large market for both residential and nonresidential construction. Rounding out the remainder of the top four regions are Rockford/Northern IL, Western IL and Southern IL...purchase to read more.

    Additional Insights for the Concrete Contractors in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Concrete Contractors in Illinois 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 in Illinois and Value of private nonresidential construction in Illinois in the Concrete Contractors in Illinois industry impact industry performance..

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    What's in this report

    What is the Concrete Contractors in Illinois 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 nonresidential construction
  • Additions and alterations to existing structures
  • Maintenance and repair work
  • New residential construction
  • 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 in Illinois
  • Value of private nonresidential construction in Illinois
  • Federal funding for transportation
  • Yield on 10-year Treasury note

  • Current Performance
  • Foundation for growth
  • New players enter the market
  • Roadblocks
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction activity rises
  • Challenges ahead
  • Table: Concrete Contractors in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Concrete Contractors in Illinois 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

  • 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
  • Additions and alterations to existing structures
  • Maintenance and repair work
  • New residential construction
  • Chart: Concrete Contractors in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Nonresidential
  • Residential
  • Nonbuildings
  • Chart: Major Market Segmentation for the Concrete Contractors in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Concrete Contractors in Illinois

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

  • Ceco Concrete Construction, Concrete Ink, James McHugh Construction Company, Structural Group Inc.,
  • Table: Ceco Concrete Construction - financial performance
  • Table: Concrete Ink - financial performance
  • Table: James McHugh Construction Company - financial performance
  • Table: Structural Group Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Concrete Contractors in Illinois 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 in Illinois Industry
    Includes:
  • Industry Revenue (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
    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 Market Report on Concrete Contractors in Illinois is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

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

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