$32.3bn
$X.Xbn
216k
106k
$XX.Xbn
Masonry contractors have faced declines over the current period. Contractors have faced various headwinds, including higher costs relative to other construction methods and labor shortages. Slower construction spending has led to greater price-based competition among contractors, hindering profit growth. Also, labor shortages have increased wage costs as contractors look to hike wages to attract and retain skilled workers, putting downward pressure on profit. Overall, revenue has been decreasing at a CAGR of 2.2% to total an estimated $32.3 billion in 2024, including an estimated increase of 0.4% in 2024 alone.
Industry revenue has declined at a CAGR of 2.2 % over the past five years, to reach an estimated $32.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
---|
There are no companies that hold a large enough market share in the Masonry in the US industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Masonry contracting using brick, block or concrete, Masonry contracting using other materials and Pointing, cleaning and caulking. Masonry contracting using brick, block or concrete is the largest segment of the Masonry in the US.
Consumers' attraction to masonry contracting using bricks, blocks and concrete creeps down
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).
Purchase this report to view all major companies in this industry.
NAICS 23814 - Masonry 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.
Masonry contractors have faced declines. The outbreak of COVID-19 and interest rate hikes slowed construction spending in key downstream markets. Also, the higher costs assoc...
Learn about an industry's products and services, markets and trends in international trade.
Masonry contracting using brick, block, or concrete has endured headwinds. Higher costs associated with using masonry contracting have led to declines.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Proximity to downstream markets is crucial for masonry contractors. Industrial production in the Mid-Atlantic attracts masonry contractors to the region.
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.
Masonry contractors compete based on established reputations in local markets. Price-based competition becomes more prevalent in times of low demand.
Learn about the performance of the top companies in the industry.
No company has amassed more than 5.0% of the market. Demand dispersion across the United States makes it difficult for one company to accumulate a considerable market share.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
State, local and federal regulations are in place for masonry contractors. Masonry contractors must abide by standards set by building code organizations. Also, private assoc...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Masonry contractors have faced higher wage costs. As the workforce gradually ages, labor shortages have hiked wage costs for masonry contractors as they seek out skilled work...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Masonry in the US industry in United States is $32.3bn in 2024.
There are 106k businesses in the Masonry in the US industry in United States, which has grown at a CAGR of 2.9 % between 2019 and 2024.
The market size of the Masonry in the US industry in United States has been declining at a CAGR of 2.2 % between 2019 and 2024.
Over the next five years, the Masonry in the US industry in United States is expected to grow.
Constructing walls and other structures by laying bricks, blocks or stones and Repairing existing masonry work are part of the Masonry in the US industry.
The level of competition is high and steady in the Masonry in the US industry in United States.