$57.2bn
$X.Xbn
253k
19,532
$XX.Xbn
Growth for drywall and insulation installers has been sluggish over the current period because of a slowdown in commercial building construction and interest rate hikes slowing residential construction late in the current period. Overall, industry-wide revenue has dipped at a CAGR of 0.0% over the past five years and is expected to total $57.2 billion in 2023, when revenue will drop by an estimated 2.0%.
Industry revenue has declined at a CAGR of 0.0 % over the past five years, to reach an estimated $57.2bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Performance Contracting Group | 187.7 | 8.6 | 4.6 | |
Standard Drywall Inc. | 187.7 | 8.6 | 4.6 | |
California Drywall Co. | 100.9 | 4.6 | 4.6 |
To view the market share and analysis for all 22 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Drywall contracting, Insulation contracting and Acoustical contracting. Drywall contracting is the largest segment of the Drywall & Insulation Installers in the US.
Return of live performances has benefitted acoustical contracting
Companies in the Drywall Insulation Installers industry primarily engage in drywall, plasterwork and building insulation work. Plasterwork involves applying plain or ornamental plaster and installing laths. Industry operators are contracted for work on new buildings, additions, alterations, maintenance and repairs.
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NAICS 23831 - Drywall & Insulation Installers in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Low interest rates spurred construction activity, leading to a need for increased installation services. Concerns over inflation and interest rate hikes reversed this trend.
Learn about an industry's products and services, markets and trends in international trade.
Insulation contracting surged with renovations and new home builds. Advances in energy efficiency for drywall and insulation encourage renovation while minimizing costs for i...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Areas with extreme heat and cold require quality insulation, enticing drywall and insulation installers to set up shop in those regions.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Internal competition is stiff among contractors. Installers compete on price, with local reputation and word of mouth being distinguishing factors between competitors.
Learn about the performance of the top companies in the industry.
No company has accumulated more than 5.0% of the market. Large installers don't gain an advantage, precipitating an industry run by small local or regional installers.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Consumers and businesses took advantage of low interest rates, boosting drywall and insulation installation. Residential construction experienced the largest growth, especial...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Drywall and insulation contractors depend on skilled labor to provide installation services. Installers hire subcontractors based on demand to keep staffing costs low so slug...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Drywall & Insulation Installers in the US industry in United States is $57.2bn in 2024.
There are 19,532 businesses in the Drywall & Insulation Installers in the US industry in United States, which has grown at a CAGR of 1.0 % between 2018 and 2023.
The market size of the Drywall & Insulation Installers in the US industry in United States has been declining at a CAGR of 0.0 % between 2018 and 2023.
Over the next five years, the Drywall & Insulation Installers in the US industry in United States is expected to grow.
The biggest companies operating in the Drywall & Insulation Installers market in United States are Performance Contracting Group, Standard Drywall Inc. and California Drywall Co.
Drywall construction and Acoustical installation are part of the Drywall & Insulation Installers in the US industry.
The company holding the most market share in United States is Performance Contracting Group.
The level of competition is high and steady in the Drywall & Insulation Installers in the US industry in United States.