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Products/Services Breakdown | ||
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2024 U.S. Industry Statistics & Market Forecast - Glass and Glazing Contractors
Market Size & Industry Statistics
The total U.S. industry market size for Glass and Glazing Contractors:
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.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
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 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The Glass & Glazing Contractors industry is currently undergoing a transformation due to several key trends. Advances in technology continue to revolutionize this industry with the integration of energy efficient glass products, such as low-E glass and double-glazed windows, becoming increasingly popular among consumers. Home and business owners are taking a greater interest in sustainability and energy efficiency, which is forcing contractors to adapt to new building standards and codes.Another trend is the movement towards customization and personalization. Home and business owners now demand glass and glazing solutions that are not only functional but aesthetically pleasing as well. This trend has driven the development of new glass products with unique colors, textures, and shapes. As a result, contractors are now required to work more closely with their clients to design and create customized glass solutions.
The adoption of building information modelling (BIM) is another key trend impacting the industry. This technology allows contractors to create accurate 3D models of structures and buildings, providing better visualizations of glass and glazing solutions. Additionally, contractors can use BIM to detect and resolve potential issues before construction begins, improving project efficiency and reducing waste.
Finally, there is an increasing shift towards automation and robotics in glass and glazing processes. Advancements in technology have made it possible to automate tasks such as cutting, drilling, and edge polishing, reducing labor costs and improving accuracy. As a result, larger glass and glazing contractors are now investing in automation technologies to remain competitive.
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.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 Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Glass and Glazing Contractors company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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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 Glass and Glazing Contractors industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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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). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Glass and Glazing Contractors measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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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. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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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. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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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.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 5% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 3% | |||
Office and Administrative Support Occupations | 8% | |||
Construction and Extraction Occupations | 73% | |||
Supervisors of Construction and Extraction Workers | 8% | |||
First-Line Supervisors of Construction Trades and Extraction Workers | 8% | |||
First-Line Supervisors of Construction Trades and Extraction Workers | 8% | |||
Construction Trades Workers | 62% | |||
Brickmasons, Blockmasons, and Stonemasons | 5% | |||
Carpenters | 10% | |||
Carpenters | 10% | |||
Cement Masons, Concrete Finishers, and Terrazzo Workers | 11% | |||
Cement Masons and Concrete Finishers | 11% | |||
Construction Laborers | 11% | |||
Construction Laborers | 11% | |||
Roofers | 13% | |||
Roofers | 13% |
Glass and Glazing Contractors Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Glass and Glazing Contractors 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 Glass and Glazing Contractors 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 Glass and Glazing Contractors industry. |
Source:
Innovation News
- Nov 23, 2023: Graffiti Shield patents Anti-graffiti Laminate With Visual Indicia
- Nov 23, 2023: Graffiti Shield patents Anti-graffiti Laminate With Visual Indicia
- Mar 30, 2023: Westhampton Architectural Glass patents Fenestration System With Actuatable Sealing Device, And Related Devices, Systems, And Methods
- Jan 11, 2023: Crown Electrokinetics raises $1 million in funding.
- Nov 07, 2022: Crown Electrokinetics raises $7 million in funding.
- Sep 23, 2020: Crown Electrokinetics raises $2 million in funding.
Recent Federal Contracts for Glass and Glazing Contractors- Mar 28, 2024: AGNORA INC (Collingwood, ON) awarded $18,382
- Mar 20, 2024: SANFORD FEDERAL, INC. (Stafford, VA) awarded $42,923
- Mar 07, 2024: QUICK TINT 2 LLC (Miami, FL) awarded $15,000
- Mar 07, 2024: GLOBAL MYINT-TECH COMPANY LIMITED (Yangon, ) awarded $19,800
- Feb 22, 2024: ITZKO GLASS & METAL INC (West Sacramento, CA) awarded $17,150
- Feb 21, 2024: MCGILL DEVELOPMENT CONSTRUCTION CORP (Los Angeles, CA) awarded $7,000
- Mar 28, 2024: AGNORA INC (Collingwood, ON) awarded $18,382
- Mar 20, 2024: SANFORD FEDERAL, INC. (Stafford, VA) awarded $42,923
- Mar 07, 2024: QUICK TINT 2 LLC (Miami, FL) awarded $15,000
- Mar 07, 2024: GLOBAL MYINT-TECH COMPANY LIMITED (Yangon, ) awarded $19,800
- Feb 22, 2024: ITZKO GLASS & METAL INC (West Sacramento, CA) awarded $17,150
- Feb 21, 2024: MCGILL DEVELOPMENT CONSTRUCTION CORP (Los Angeles, CA) awarded $7,000
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