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2018 Market Analysis & Industry Outlook: Construction


Overview: the U.S. Construction Industry

The construction industry is just beginning to recover from catastrophic declines in recent years. Projects that are eligible for government funding or fill the need for increased rental housing are the surest sources of profit for construction companies.

The construction industry experienced dramatic declines during the economic downturn. All sectors have been impacted, with single-family home construction and commercial projects hit the hardest. Businesses with experiences in single-family home construction are competing heavily for government funded projects to stay in business. Commercial construction is beginning to turn around in minor ways in major U.S. markets. However, as unemployment and bank lending stabilize, commercial construction can expect increases.

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


Market Size & Industry Statistics

The total U.S. industry market size for Construction: 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.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

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



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Construction Services Breakdown

The following products and services account for the largest source of revenues in the Construction industry. Note that there are multiple levels of classification, so some line items are contained within other lines.

Type of Construction Total Sales ($ millions) New Construction ($ millions) Additions, Alterations, and Reconstruction ($ millions) Maintenance & Repair ($ millions)


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
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Construction 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 Construction 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 Construction 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 11%

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Top Executives 6%
Chief Executives0%
General and Operations Managers 5%
General and Operations Managers3%
Other Management Occupations 7%
Construction Managers 7%
Construction Managers 7%
Property, Real Estate, and Community Association Managers 7%
Property, Real Estate, and Community Association Managers 7%
Business and Financial Operations Occupations 6%
Building and Grounds Cleaning and Maintenance Occupations 5%
Other Sales and Related Workers 8%
Real Estate Brokers and Sales Agents 8%
Real Estate Sales Agents 7%
Office and Administrative Support Occupations 12%
Secretaries and Administrative Assistants 9%
Secretaries and Administrative Assistants 9%
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive 6%
Other Office and Administrative Support Workers 6%
Office Clerks, General 6%
Office Clerks, General 6%
Construction and Extraction Occupations 61%
Supervisors of Construction and Extraction Workers 10%
First-Line Supervisors of Construction Trades and Extraction Workers 10%
First-Line Supervisors of Construction Trades and Extraction Workers 10%
Construction Trades Workers 49%
Brickmasons, Blockmasons, and Stonemasons 7%
Brickmasons and Blockmasons 6%
Carpenters 22%
Carpenters 22%
Carpet, Floor, and Tile Installers and Finishers 7%
Cement Masons, Concrete Finishers, and Terrazzo Workers 10%
Cement Masons and Concrete Finishers 10%
Construction Laborers 15%
Construction Laborers 15%
Construction Equipment Operators 14%
Paving, Surfacing, and Tamping Equipment Operators 6%
Operating Engineers and Other Construction Equipment Operators 11%
Drywall Installers, Ceiling Tile Installers, and Tapers 12%
Drywall and Ceiling Tile Installers 10%
Tapers 7%
Electricians 11%
Electricians 11%
Insulation Workers 12%
Insulation Workers, Floor, Ceiling, and Wall 8%
Insulation Workers, Mechanical 11%
Painters and Paperhangers 20%
Painters, Construction and Maintenance 19%
Pipelayers, Plumbers, Pipefitters, and Steamfitters 7%
Plumbers, Pipefitters, and Steamfitters 7%
Plasterers and Stucco Masons 5%
Plasterers and Stucco Masons 5%
Roofers 13%
Roofers 13%
Sheet Metal Workers 7%
Sheet Metal Workers 7%
Helpers, Construction Trades 13%
Helpers, Construction Trades 13%
Helpers--Brickmasons, Blockmasons, Stonemasons, and Tile and Marble Setters 12%
Helpers--Electricians 8%
Helpers--Roofers 7%
Other Construction and Related Workers 15%
Elevator Installers and Repairers 14%
Elevator Installers and Repairers 14%
Installation, Maintenance, and Repair Occupations 18%
Electrical and Electronic Equipment Mechanics, Installers, and Repairers 6%
Other Installation, Maintenance, and Repair Occupations 32%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers 10%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers 10%
Industrial Machinery Installation, Repair, and Maintenance Workers 9%
Millwrights 7%
Line Installers and Repairers 5%
Electrical Power-Line Installers and Repairers 6%
Telecommunications Line Installers and Repairers 10%
Transportation and Material Moving Occupations 7%
Motor Vehicle Operators 8%
Driver/Sales Workers and Truck Drivers 8%
Heavy and Tractor-Trailer Truck Drivers 8%
Source: Bureau of Labor Statistics


Construction Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • M.C. Dean trademarks "MODULARMEP" - Installation of modular mechanical and electrical prefabricated systems for installation in buildings and architectural structures - 03/03/2018
  • Able Roofing trademarks "ROOFRESH" - Non-metal shingles - 03/03/2018
  • Cambridge International Systems trademarks "ADAPTIBRIDGE" - Software as a service (SAAS) services featuring software for maintenance management for the aviation and logistics industries - 03/03/2018
  • Solarcity patents Smart Main Electrical Panel For Energy Generation Systems - 02/22/2018
  • 7ac Technologies patents Methods And Systems For Turbulent, Corrosion Resistant Heat Exchangers - 02/22/2018
  • Maxtena patents Method And Apparatus For Establishing Communications With A Satellite - 02/15/2018
  • Imagine Housing raises $1 million in funding. - 01/23/2018
  • Real Goods Solar raises $9 million in funding. - 01/19/2018
  • Dream Finders Holdings raises $13 million in funding. - 01/11/2018




  • Top Innovators

    CompanyInnovation Score
    Solarcity208
    3form155
    Kellogg Brown & Root138
    Dayton Superior133
    Seabrook Wallcoverings

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Hard Brexit could cost 43,000 construction jobs - A ‘no deal’ hard Brexit could lead to 43,000 fewer construction jobs. The warning was issued in new independent economic analysis commissioned by the Mayor of London, Sadiq Khan. Experts from Cambridge Econometrics considered five scenarios of how the ... (01/14/2018)
    • Birkebeiner Bridge Construction Begins In Downtown Mpls. - Crews braved the elements to reconstruct one of the centerpieces of the downtown Super Bowl experience, Susan-Elizabeth Littlefield reports (0:53). WCCO 4 News At 5 – Jan. 13, 2018 (01/13/2018)
    • Teen arrested in McKinney hit-and-run that injured 3 construction workers - A teenager has been arrested in a hit-and-run that critically injured a construction worker and hurt two others in McKinney. Brandon Tran, 17, faces three felony counts of accident involving personal injury or death, according to McKinney police. (01/13/2018)
    • Construction is in the family - Esther (Hamblin) Creuzot was born in Bottineau, North Dakota in 1921; she had four sisters; Evelyn, Marion, Lucille, Ethel and two brothers; Virgil and Orville. She was only four years old when her parents moved to Canada to homestead property in LeRoy, Sask. (01/13/2018)
    • Mortenson Construction veteran promotes inclusion programs - GOLDEN VALLEY, Minn. — When government leaders view a public works project as an economic development driver for a community, as was the case for the Las Vegas stadium project, critics are bound to surface. In Las Vegas, the issue was amplified because ... (01/13/2018)
    • Commercial construction permits for Jan. 4 through Jan. 10 - 5701 Time Square, space 350, finish out, Don Powell Office, Don Powell 4141 LLC, 1,841 S.F., $39,000 7200 S.W. 45th Ave., space 13, remodel, Allstate Insurance Agency, Gary Burk, 1,500 S.F., $20,000 1000 S. Coulter St., alteration, Texas Oncology, Page and ... (01/13/2018)
    • Saudi Arabia Takes Reins of Construction Giant Binladin Group - DUBAI—Saudi Arabia is assuming supervisory control of the Saudi Binladin Group and could take a stake in the construction giant, people familiar with the matter said, a sign of Crown Prince Mohammed bin Salman’s willingness to disrupt the established ... (01/13/2018)
    • Patrol wants to curb crashes in I-270 construction zones - It was just after 7 a.m. during the Thursday morning rush hour when four vehicles collided in the southbound lanes of I-270, in the construction zone underneath the Trabue Road bridge on the West Side. Soon after, at 7:20 a.m., another six wrecked into one ... (01/13/2018)
    • Governor’s budget seen as ‘green light’ for Santa Rosa courthouse construction - Plans to build a new $175 million courthouse in Sonoma County appear underway again after numerous delays. Gov. Jerry Brown’s proposed budget commits to completing 10 courthouse construction projects across the state including one in Santa Rosa that has ... (01/13/2018)


    Government Contracts

    In 2016, the federal government spent a total of $30,102,731,177 on Construction. It has awarded 110,436 contracts to 17,764 companies, with an average value of $1,694,592 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount





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