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Market Size (industry trends) | ||
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Products/Services Breakdown | ||
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2024 U.S. Industry Statistics & Market Forecast - Oil and Gas Pipeline and Related Structures Construction
Market Size & Industry Statistics
The total U.S. industry market size for Oil and Gas Pipeline and Related Structures 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 | |
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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 Oil & Gas Pipeline Construction industry is being significantly impacted by several key trends.Firstly, there is a growing global trend towards renewable energy which has resulted in a shift away from traditional pipeline construction and the use of fossil fuels. This has impacted investment and funding for pipeline projects and has led to some pipeline projects being cancelled altogether due to environmental concerns.
Secondly, geopolitical tensions have created uncertainty and volatility in the industry. For instance, the sanctions on Iran have impacted the supply of oil, which has resulted in a rise in oil prices. As a result, some pipeline projects have been delayed or cancelled.
Thirdly, advancements in technology are increasingly being used in pipeline construction to improve efficiency, safety and reduce costs. This includes the use of drones, artificial intelligence, and machine learning.
Fourthly, there is greater emphasis on safety measures in pipeline construction to prevent environmental disasters and safeguard human health. Governments have imposed regulations and penalties on companies that are found to be negligent in pipeline construction.
Lastly, the industry is facing increased scrutiny from both governmental and non-governmental organizations (NGOs) concerning the environmental impact of pipeline construction. Companies are responding to these concerns by taking steps to improve their environmental impact, reduce their carbon footprint, and embrace sustainable business practices.
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 Oil and Gas Pipeline and Related Structures 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 |
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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 Oil and Gas Pipeline and Related Structures Construction 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 Oil and Gas Pipeline and Related Structures 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 |
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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 | 7% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 3% | |||
Office and Administrative Support Occupations | 7% | |||
Construction and Extraction Occupations | 53% | |||
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 | 41% | |||
Construction Laborers | 21% | |||
Construction Laborers | 21% | |||
Construction Equipment Operators | 10% | |||
Operating Engineers and Other Construction Equipment Operators | 10% | |||
Pipelayers, Plumbers, Pipefitters, and Steamfitters | 5% | |||
Installation, Maintenance, and Repair Occupations | 17% | |||
Other Installation, Maintenance, and Repair Occupations | 11% | |||
Line Installers and Repairers | 9% | |||
Electrical Power-Line Installers and Repairers | 7% |
Oil and Gas Pipeline and Related Structures Construction Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Oil and Gas Pipeline and Related Structures 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 Oil and Gas Pipeline and Related Structures 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 Oil and Gas Pipeline and Related Structures Construction industry. |
Source:
Innovation News
- Apr 11, 2024: Trendsetter Vulcan Offshore patents Delivery Of A High Volume Of Floating Systems For Wind
- Feb 29, 2024: Braindrip patents Helically Compressed Sheet Films And Coextrusions For Improved Resistance To Permeation And Diffusion By Multilayer Tubular Composite Structure
- Feb 29, 2024: Braindrip patents Helically Compressed Sheet Films And Coextrusions For Improved Resistance To Permeation And Diffusion By Multilayer Tubular Composite Structure
- Jan 26, 2024: Lightning Production Services trademarks "LV-EMI" - Electromagnetic apparatus used to generate or measure magnetic fields
- Jan 26, 2024: Lightning Production Services trademarks "LV-DAQ" - Electromagnetic apparatus used to generate or measure magnetic fields
- Jan 26, 2024: Lightning Production Services trademarks "LV-SMARTMOD" - Electromagnetic apparatus used to generate or measure magnetic fields
Recent Federal Contracts for Oil and Gas Pipeline and Related Structures Construction- Mar 26, 2024: MULTIFORCE SYSTEMS CORPORATION (Princeton, NJ) awarded $26,851
- Mar 26, 2024: SAGE-EFS JV (Indianapolis, IN) awarded $1,998,500
- Mar 22, 2024: ARWH HOLDINGS, INC. (Hendersonville, NC) awarded $14,900
- Mar 07, 2024: CORE ENGINEERED SOLUTIONS, INC. (Herndon, VA) awarded $74,619
- Mar 06, 2024: TIDEWATER, INC. (Elkridge, MD) awarded $59,935
- Feb 16, 2024: ABA-CON INC (Titusville, FL) awarded $14,854
- Mar 26, 2024: MULTIFORCE SYSTEMS CORPORATION (Princeton, NJ) awarded $26,851
- Mar 26, 2024: SAGE-EFS JV (Indianapolis, IN) awarded $1,998,500
- Mar 22, 2024: ARWH HOLDINGS, INC. (Hendersonville, NC) awarded $14,900
- Mar 07, 2024: CORE ENGINEERED SOLUTIONS, INC. (Herndon, VA) awarded $74,619
- Mar 06, 2024: TIDEWATER, INC. (Elkridge, MD) awarded $59,935
- Feb 16, 2024: ABA-CON INC (Titusville, FL) awarded $14,854
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