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Products/Services Breakdown | ||
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2024 U.S. Industry Statistics & Market Forecast - Poured Concrete Foundation and Structure Contractors
Market Size & Industry Statistics
The total U.S. industry market size for Poured Concrete Foundation and Structure 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 Poured Concrete Foundation & Structure Contractors industry has seen several trends over the past few years that are impacting its operations and bottom line. Key trends include:1. Increased focus on sustainable building practices: With growing concerns about environmental impact, more contractors and customers are interested in sustainable building materials and practices. This has translated into a greater demand for products and techniques that reduce carbon emissions and energy usage, such as insulated concrete forms and high-performance mixes.
2.Technology advancements: Technology is playing a major role in how poured concrete contractors operate. The development of BIM software enables accurate and precise modeling of concrete structures and improved efficiency on jobsites. Also, the industry has seen the introduction of new equipment, such as autonomous mixing systems and high-speed pumps, that reduce manpower and reduce project time.
3.Shift in demographics: Baby boomers are aging, and millennials now make up the largest sector of the workforce. This shift means that contractors need to adapt their management and communication techniques to better engage with a younger and more diverse group of workers.
4. Health and Safety: The construction industry has always been known for the high-risk environment. The Poured Concrete Foundation & Structure Contractors industry has also been affected by this trend, and companies are investing in training and equipment to minimize accidents and promote a culture of safety.
In conclusion, the Poured Concrete Foundation & Structure Contractors industry is adapting to new trends, seeking out innovative methods and materials to deliver better customer value. As technology advances and the focus shifts towards sustainability and safety, it is important that contractors stay abreast of these trends to remain competitive in the market.
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 Poured Concrete Foundation and Structure 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 Poured Concrete Foundation and Structure 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 Poured Concrete Foundation and Structure 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 | 6% | |||
Construction and Extraction Occupations | 79% | |||
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 | 69% | |||
Carpenters | 8% | |||
Carpenters | 8% | |||
Cement Masons, Concrete Finishers, and Terrazzo Workers | 35% | |||
Cement Masons and Concrete Finishers | 35% | |||
Construction Laborers | 21% | |||
Construction Laborers | 21% |
Poured Concrete Foundation and Structure Contractors Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Poured Concrete Foundation and Structure 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 Poured Concrete Foundation and Structure 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 Poured Concrete Foundation and Structure Contractors industry. |
Source:
Innovation News
- Jan 05, 2024: Liberty Diagnostics trademarks "BFG BUILDING FORENSICS GROUP" - Defective building construction
- Nov 20, 2023: J.r.barger & Sons trademarks "BARGER FLAT EDGE SYSTEM" - we are a concrete contracting company the barger flat edge system is a technique we perform while pouring industrial warehouse floors
- Aug 01, 2023: TSR Concrete Coatings trademarks "ICON" - Application of concrete coatings for beautification purposes
- May 17, 2018: WS Dash raises $3 million in funding.
- Mar 23, 2017: Flashfill Services patents Volumetric Mobile Powder Mixer
- Sep 08, 2016: Flashfill Services patents Recycled Compositions For Construction, And Methods Of Utilizing And Producing The Same
- Sep 08, 2016: Flashfill Services patents Recycled Compositions For Construction, And Methods Of Utilizing And Producing The Same
Recent Federal Contracts for Poured Concrete Foundation and Structure Contractors- Mar 29, 2024: SOLID GROUND, LLC (Kaysville, UT) awarded $39,790
- Mar 29, 2024: WORRELL CONTRACTING CO INC (Goldsboro, NC) awarded $916,343
- Mar 28, 2024: PREMIER LANDWORKS LLC (Huron, SD) awarded $39,976
- Mar 25, 2024: RALPH'S CONCRETE PUMPING, INC. (Seattle, WA) awarded $2,183
- Mar 21, 2024: AJK SITE DEVELOPMENT INC (Waddington, NY) awarded $42,000
- Mar 13, 2024: CIVIL BUILT LLC (Walla Walla, WA) awarded $18,750
- Mar 29, 2024: SOLID GROUND, LLC (Kaysville, UT) awarded $39,790
- Mar 29, 2024: WORRELL CONTRACTING CO INC (Goldsboro, NC) awarded $916,343
- Mar 28, 2024: PREMIER LANDWORKS LLC (Huron, SD) awarded $39,976
- Mar 25, 2024: RALPH'S CONCRETE PUMPING, INC. (Seattle, WA) awarded $2,183
- Mar 21, 2024: AJK SITE DEVELOPMENT INC (Waddington, NY) awarded $42,000
- Mar 13, 2024: CIVIL BUILT LLC (Walla Walla, WA) awarded $18,750
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