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2024 U.S. Industry Statistics & Market Forecast - Industrial Building Construction
Market Size & Industry Statistics
The total U.S. industry market size for Industrial Building 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.
| 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 | ||
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 (%) | ||||||
Industry Insights
The Industrial Building Construction industry has been experiencing several key trends that have been impacting its growth and development. One of the most significant trends is the adoption of new technologies and innovative building materials that improve efficiency, reduce costs, and increase productivity. The use of Building Information Modelling (BIM) technology, which helps in the design and planning phases of construction, has become increasingly popular in the industry. The implementation of 3D scanning technology and virtual reality tools are also helping builders and designers visualize their projects better.Moreover, there is also a shift towards sustainable practices that have seen investors and builders focus on reducing energy consumption and environmental impact. In response to this trend, a growing number of industrial buildings are incorporating energy-efficient features in their design and operation, like net zero energy buildings, green roofs, and solar panels.
The industry also has seen a significant increase in prefabricated construction methods, off-site manufacturing, and modular construction. These methods are fast and cost-effective, allowing constructors to assemble buildings quicker and with fewer overheads. Lastly, the industry has seen many changes in legal and regulatory requirements. Safety measures for workers, as well as compliance with environmental and building codes, are becoming more rigorous, leading to increased investment in safety equipment and staff training.
In conclusion, the Industrial Building Construction industry is witnessing a paradigm shift from conventional construction methods to new technologies, sustainability practices, and compliance with stringent regulations. This shift is expected to continue as the industry strives to keep pace with new customer demands and technological advancements.
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) | |
|---|---|---|
| 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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Industrial Building 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 Industrial Building 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 Industrial Building 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 |
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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. |
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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 |
|---|---|---|---|---|
| Management Occupations | 15% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Other Management Occupations | 10% | |||
| Construction Managers | 9% | |||
| Construction Managers | 9% | |||
| Business and Financial Operations Occupations | 12% | |||
| Business Operations Specialists | 11% | |||
| Logisticians and Project Management Specialists | 7% | |||
| Project Management Specialists | 6% | |||
| Office and Administrative Support Occupations | 8% | |||
| Construction and Extraction Occupations | 53% | |||
| Supervisors of Construction and Extraction Workers | 11% | |||
| First-Line Supervisors of Construction Trades and Extraction Workers | 11% | |||
| First-Line Supervisors of Construction Trades and Extraction Workers | 11% | |||
| Construction Trades Workers | 40% | |||
| Carpenters | 14% | |||
| Carpenters | 14% | |||
| Construction Laborers | 14% | |||
| Construction Laborers | 14% | |||
Industrial Building Construction Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Industrial Building 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 Industrial Building 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 Industrial Building Construction industry. |
Source:
Innovation News
- Dec 18, 2023: Jerry L. Johnson & Associates trademarks "LIVE LIFT" - Lifting devices
- Jun 20, 2023: East End Solutions trademarks "NO-DIGGITY-DOG" - metal fencing panel; wire mesh fencing panel and assembly for attaching to a fence; L shaped wire mesh fencing assembly for attaching to a bottom of a fence
- Apr 20, 2023: Jayvic patents Basalt Fiber Acoustic Panel
- Aug 02, 2022: Arizon Structures Worldwide trademarks "ARIZON BUILDING SYSTEMS" - Building structures
- Mar 25, 2021: MW Panel Tech patents Configurable Steel Form System For Fabricating Precast Panels
- Mar 25, 2021: MW Panel Tech patents Configurable Steel Form System For Fabricating Precast Panels
Recent Federal Contracts for Industrial Building Construction- Apr 02, 2024: SAUER CONSTRUCTION, LLC (Jacksonville, FL) awarded $14,575,082
- Mar 29, 2024: BECHTEL NATIONAL, INC. (Reston, VA) awarded $1,049,128,435
- Mar 29, 2024: HEALTHEON, INC. (New Orleans, LA) awarded $36,690,644
- Mar 28, 2024: SOUTHEAST CHEROKEE CONSTRUCTION, INC. (Montgomery, AL) awarded $1,655,345
- Mar 28, 2024: SES CONSTRUCTION AND FUEL SERVICES LLC (Oak Ridge, TN) awarded $12,523,343
- Mar 27, 2024: RIFF GROUP, THE (Phoenixville, PA) awarded $523,352
- Apr 02, 2024: SAUER CONSTRUCTION, LLC (Jacksonville, FL) awarded $14,575,082
- Mar 29, 2024: BECHTEL NATIONAL, INC. (Reston, VA) awarded $1,049,128,435
- Mar 29, 2024: HEALTHEON, INC. (New Orleans, LA) awarded $36,690,644
- Mar 28, 2024: SOUTHEAST CHEROKEE CONSTRUCTION, INC. (Montgomery, AL) awarded $1,655,345
- Mar 28, 2024: SES CONSTRUCTION AND FUEL SERVICES LLC (Oak Ridge, TN) awarded $12,523,343
- Mar 27, 2024: RIFF GROUP, THE (Phoenixville, PA) awarded $523,352
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