Revenue for the Excavation Contractors industry has registered a sharp increase over the past five years, supported by increasing demand from downstream construction industries. In particular, improvement in industry performance corresponded with the rapid expansion in demand for excavation services in the booming housing market and nonresidential building market. Furthermore, some earthmoving contractors benefited from a boost in federal funding for road, bridge and other infrastructure construction during this period, bolstering revenue even further for the larger contractors. Moving forward, industry revenue is expected to continue growing, albeit at a slower pace. With the total value of construction expected to surpass its prerecession levels, rapid growth will become harder to sustain.
This industry primarily excavates land for building construction. Activities include drilling shafts, foundation digging and drilling and grading. The excavation work performed includes new work, additions, alterations 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.