Concrete Contractors in the US
Concrete is a crucial material for the construction sector given its use in foundations, walls and floors. As a result, performance for the Concrete Contractors industry is closely tied to that of the broader construction sector. Favorable lending rates, improved per capita disposable income and record corporate profit levels have helped bolster construction activity over the past five years across several sectors, increasing demand for industry services. Over the five years to 2018, housing starts are expected to increase. Conversely, unemployment is expected to fall during the same period, boosting the need for new office, industrial and manufacturing space. Over the five years to 2023, the industry is projected to continue expanding, albeit at a relatively slower pace. Growth in total construction expenditure is expected to decelerate over the next five years, which will make rapid industry growth more difficult to sustain. However, rising demand from the bulk of the industry's largest downstream markets, including forecasted upticks in residential and commercial building activity, will continue to support industry revenue growth.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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