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. Over the five years to 2019, favorable lending rates, improved per capita disposable income and record corporate profit levels have helped bolster construction activity across several sectors, increasing demand for industry services. In addition, housing starrts are projected to increase while unemployment is forecast to fall, further benefiting the industry. However, the rising price of cement, a key ingredient in concrete production, has led to increased purchase costs, hindering profitability slightly. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is expected to continue rising, albeit at a slower rate. This projected growth can be attributed to increasing demand from most of the industry's largest downstream markets.
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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