Masonry in the US - Industry Market Research Report

Masonry in the US

The Masonry industry exhibits an extremely low level of market share concentration, similar to other specialty contractor trade industries. In 2019, the top three largest operators are anticipated to collectively generate under 1.0% of annual industry revenue. Though there are no major players, Western Specialty Contractors, Northland Concrete and Masonry Co. LLC and McGee Brothers Inc. are notable names in the industry.

Minimal consolidation efforts keep market concentration low

Over the five years to 2019, the industry has continued to be defined by minimal merger and acquisition activity among key operators. The Masonry industry is characterized by low barriers to entry and a high number of participants, many of which operate on a nonemployer basis. These industry characteristics enable many industry participants to compete locally on the basis of price and quality of service.

Price points and quality drive internal competition

Masonry contractors largely compete on the bases of price and quality of service. Consequently, most operators rely on a good reputation for garnering new contracts, with many smaller contracts awarded based on a positive word-of-mouth recommendation. Furthermore, operators may promote their business through marketing efforts such as classified advertisements in local telephone directories and newspapers.

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).

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.


TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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