	Standard Report	Premium Report
Current State of the Industry
Market Size (industry trends)
Market Forecast (5-year projection)
Products/Services Breakdown
Revenue per State
Financial Metrics
Salary & Compensation Statistics
Public Company Information
Key Private Companies
Government Vendors
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2024 U.S. Industry Statistics & Market Forecast - Heavy and Civil Engineering Construction

Published: April 2024

Market Size & Industry Statistics

The total U.S. industry market size for Heavy and Civil Engineering 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.

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

Statistics	2019 2020 2021 2022 2023
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

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 Heavy & Civil Engineering Construction industry is a significant contributor to the growth of the economy, providing infrastructure for transportation, utilities, and large-scale building constructions. Recent years have seen significant shifts in the industry, creating new opportunities and challenges for construction companies.

One of the key trends affecting the industry is the emphasis on sustainability and environmentally conscious building practices. Construction companies are increasingly adopting green building practices that focus on decreasing energy usage, reducing waste and preserving natural resources. This has led to a growing demand for green building materials, with companies investing in eco-friendly construction techniques and materials.

Another trend that is having an impact on the industry is the increasing use of technology. Advanced technology and tools such as Building Information Modelling (BIM) and 3D mapping are increasingly being used to analyze, plan and complete construction projects. These technologies are helping to streamline construction processes, improve safety, and reduce costs.

The industry is also experiencing a shortage of skilled labour and an ageing workforce. To address this challenge, construction companies are investing in training programs to attract and retain talent. They are also implementing new human resource policies to adapt to the changing workforce demographics.

Finally, there is an increasing need for sustainable infrastructural development as urbanization continues to grow. Governments are increasingly investing in transport infrastructure such as highways, bridges, and tunnels to keep pace with this growth. These factors, along with others, will continue to shape the Heavy & Civil Engineering Construction industry moving forward.

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 Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
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 Heavy and Civil Engineering Construction company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation Ratios	Industry 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 Heavy and Civil Engineering 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 Heavy and Civil Engineering Construction 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
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 Indicators	Industry 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.

Title	Percent of Workforce	Bottom Quartile
Management Occupations	7%	Order at top of page
Top Executives	9%
Chief Executives	0%
General and Operations Managers	8%
General and Operations Managers	3%
Other Management Occupations	14%
Construction Managers	9%
Construction Managers	9%
Business and Financial Operations Occupations	5%
Business Operations Specialists	11%
Financial Specialists	5%
Sales and Related Occupations	6%
Office and Administrative Support Occupations	7%
Construction and Extraction Occupations	57%
Supervisors of Construction and Extraction Workers	9%
First-Line Supervisors of Construction Trades and Extraction Workers	9%
First-Line Supervisors of Construction Trades and Extraction Workers	9%
Construction Trades Workers	45%
Construction Laborers	22%
Construction Laborers	22%
Construction Equipment Operators	13%
Operating Engineers and Other Construction Equipment Operators	11%
Pipelayers, Plumbers, Pipefitters, and Steamfitters	5%
Installation, Maintenance, and Repair Occupations	11%
Supervisors of Installation, Maintenance, and Repair Workers	6%
First-Line Supervisors of Mechanics, Installers, and Repairers	6%
First-Line Supervisors of Mechanics, Installers, and Repairers	6%
Other Installation, Maintenance, and Repair Occupations	6%
Line Installers and Repairers	9%
Electrical Power-Line Installers and Repairers	7%
Telecommunications Line Installers and Repairers	7%
Transportation and Material Moving Occupations	6%
Motor Vehicle Operators	8%
Driver/Sales Workers and Truck Drivers	8%
Heavy and Tractor-Trailer Truck Drivers	8%

Source: Bureau of Labor Statistics

Heavy and Civil Engineering Construction Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Heavy and Civil Engineering Construction 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 Heavy and Civil Engineering Construction 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 Heavy and Civil Engineering Construction industry.