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2024 U.S. Industry Statistics & Market Forecast - Asphalt Paving Mixture and Block Manufacturing


Market Size & Industry Statistics

The total U.S. industry market size for Asphalt Paving Mixture and Block Manufacturing: 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 Asphalt Paving Mixture & Block Manufacturing industry has been experiencing significant growth over the years, primarily due to favorable macroeconomic conditions, including low-interest rates, and government funding for infrastructure projects. However, there are several key trends currently affecting the industry that must be highlighted:

1. Sustainability concerns: With the increasing focus on environmental sustainability and reducing carbon footprint across various industries, the Asphalt Paving Mixture & Block Manufacturing industry has also come under scrutiny. As a result, companies are now increasingly adopting eco-friendly practices to reduce carbon emissions and improve the recyclability of their products.

2. Technological advancements: The industry has witnessed tremendous technological advancements in recent years, including the use of smart sensors, drones, and automation tools for efficient and accurate paving operations. These tools have revolutionized the industry, enabling companies to improve the quality of their products and complete projects more efficiently and cost-effectively.

3. Volatility in raw material prices: The Asphalt Paving Mixture & Block Manufacturing industry is heavily dependent on the availability and pricing of raw materials, including crude oil and natural gas. As a result, any fluctuation in these prices can have a significant impact on the industry. Companies are now strategizing to mitigate these risks by adopting innovative procurement practices and avoiding dependency on a single supplier.

4. Increasing demand for prefabricated blocks: With growing demand for sustainable housing and infrastructure, the industry is experiencing a surge in demand for prefabricated blocks, which are being widely used in construction projects. This trend is expected to continue, driven by an increase in construction spending and focus on eco-friendly building practices.

5. Shift towards greener products: The industry is gradually moving towards greener products that are environmentally sustainable, provide better insulation, and have lower maintenance costs. This trend is being driven by changing consumer preferences and government regulations. Companies are now investing in research and development to develop new and innovative products that meet these demands.



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 Asphalt Paving Mixture and Block Manufacturing 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 Asphalt Paving Mixture and Block Manufacturing 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 Asphalt Paving Mixture and Block Manufacturing 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 8%

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Chief Executives%
General and Operations Managers%
Business and Financial Operations Occupations 6%
Business Operations Specialists 5%
Architecture and Engineering Occupations 8%
Engineers 7%
Office and Administrative Support Occupations 6%
Construction and Extraction Occupations 7%
Construction Trades Workers 6%
Installation, Maintenance, and Repair Occupations 8%
Other Installation, Maintenance, and Repair Occupations 6%
Production Occupations 39%
Supervisors of Production Workers 5%
First-Line Supervisors of Production and Operating Workers 5%
First-Line Supervisors of Production and Operating Workers 5%
Plant and System Operators 17%
Miscellaneous Plant and System Operators 17%
Petroleum Pump System Operators, Refinery Operators, and Gaugers 14%
Other Production Occupations 13%
Crushing, Grinding, Polishing, Mixing, and Blending Workers 6%
Mixing and Blending Machine Setters, Operators, and Tenders 5%
Transportation and Material Moving Occupations 9%
Material Moving Workers 5%
Source: Bureau of Labor Statistics


Asphalt Paving Mixture and Block Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Asphalt Paving Mixture and Block Manufacturing 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 Asphalt Paving Mixture and Block Manufacturing 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 Asphalt Paving Mixture and Block Manufacturing industry.
Source:
IncFact


Recent Federal Contracts for Asphalt Paving Mixture and Block Manufacturing

  • Feb 22, 2024: KNIFE RIVER CORPORATION - NORTHWEST (Tangent, OR) awarded $102,346
  • Feb 20, 2024: MARTIN & SON CONTRACTING INC (Spartanburg, SC) awarded $23,412
  • Feb 12, 2024: AMERICAN CLASSIC CONSTRUCTION INC. (Chatsworth, CA) awarded $63,106
  • Feb 09, 2024: THADWIKORN LIMITED PARTNERSHIP (Mueang Udon Thani, UDON THANI) awarded $35,514
  • Jan 05, 2024: NORMONT EQUIPMENT CO. (Great Falls, MT) awarded $5,365




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