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2024 U.S. Industry Statistics & Market Forecast - Concrete Product Manufacturing


Market Size & Industry Statistics

The total U.S. industry market size for Concrete Product Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Cement & Concrete Product Manufacturing industry is witnessing numerous trends that are reshaping its landscape. Here are some of the key trends:

Sustainable practices: With the world becoming more conscious about environmental sustainability, the industry is shifting towards more eco-friendly practices. Companies are investing in renewable energy and recycled materials to reduce their carbon footprint.

Construction boom: The increase in infrastructure and construction projects worldwide has resulted in a rise in demand for cement and concrete products. The construction boom has fueled the growth of the industry, with emerging markets showing significant potential.

Innovation: With technological advancements such as 3D printing, the industry is experiencing rapid innovation. Companies are developing new products and technologies to improve quality, reduce production costs, and increase efficiency.

Regulatory changes: Environmental regulations are becoming more stringent, and companies are ramping up their efforts to comply with these regulations. Governments are also mandating the use of more sustainable building materials, which is driving demand for eco-friendly cement and concrete products.

Consolidation: The industry is witnessing consolidation as companies merge or acquire smaller players to gain a competitive edge. This trend is resulting in larger firms dominating the market, creating a higher level of standardization in the industry.

Overall, the Cement & Concrete Product Manufacturing industry is experiencing significant changes driven by the rise of sustainable practices, construction boom, innovation, regulatory changes, and consolidation. Companies that adapt to these trends will be better positioned for growth and success.



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Concrete Product Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Concrete Product Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Concrete Product Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers3%
Office and Administrative Support Occupations 8%
Construction and Extraction Occupations 8%
Construction Trades Workers 7%
Installation, Maintenance, and Repair Occupations 7%
Production Occupations 34%
Other Production Occupations 24%
Miscellaneous Production Workers 8%
Molders, Shapers, and Casters, Except Metal and Plastic 6%
Transportation and Material Moving Occupations 28%
Motor Vehicle Operators 19%
Driver/Sales Workers and Truck Drivers 19%
Heavy and Tractor-Trailer Truck Drivers 19%
Material Moving Workers 8%
Laborers and Material Movers 5%
Source: Bureau of Labor Statistics


Concrete Product Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Concrete Product Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Concrete Product Manufacturing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Concrete Product Manufacturing industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Concrete Product Manufacturing

  • Feb 23, 2024: EVANS EAGLE BURIAL VAULTS INC (Leola, PA) awarded $8,000
  • Feb 22, 2024: KNAUER INDUSTRIES LTD. (Joliet, IL) awarded $10,829
  • Feb 13, 2024: CXT INC (Spokane Valley, WA) awarded $87,151
  • Jan 30, 2024: BOOM CONCRETE, INC. (Newell, SD) awarded $94,453
  • Jan 26, 2024: EDDYSTONE ROCK AND READY MIX LLC (Ketchikan, AK) awarded $50,000
  • Jan 24, 2024: WILBERT FUNERAL SERVICES, INC. (Overland Park, KS) awarded $9,591