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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.

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

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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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 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.

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 AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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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
 
Source: AnythingResearch Analysis of U.S. federal statistics




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 RatiosIndustry 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 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.
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 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 RatiosIndustry 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 IndicatorsIndustry 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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers3%
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%
Source: Bureau of Labor Statistics


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:
IncFact




Innovation News



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