Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Commercial & Institutional Building Construction

Market Size & Industry Statistics

The total U.S. industry market size for Commercial & Institutional 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.

Commercial & Institutional Building Construction market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
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 / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Commercial & Institutional Building Construction industry has experienced a shift in recent years, with key trends impacting the way projects are designed and completed. These trends include:

1. Sustainability: Building owners and tenants are placing an increasing emphasis on sustainability and environmentally responsible practices, leading to the incorporation of green building techniques, materials, and technologies.

2. Technology: The use of building information modeling (BIM), virtual reality, and other advanced technologies is becoming more common, leading to greater accuracy and efficiency in the design and construction process.

3. Modular and prefabricated construction: The use of modular and prefabricated building components is gaining popularity, as they offer faster construction timelines, cost savings, and greater precision.

4. Aging infrastructure: Many commercial and institutional buildings are aging, leading to a need for renovation, retrofitting, and updated systems to ensure their continued usability and safety.

5. Diversity and inclusion: The industry is becoming more focused on diversity and inclusion, with an increasing number of women and minorities entering the workforce and being given opportunities for leadership roles.

6. Safety and health: The industry is also placing a greater emphasis on safety and health practices, particularly in response to the COVID-19 pandemic, with enhanced hygiene protocols and social distancing measures becoming common.

Construction Services Breakdown

The following products and services account for the largest source of revenues in the Commercial & Institutional Building Construction industry. Note that there are multiple levels of classification, so some line items are contained within other lines.

Type of Construction Total Sales ($ millions)

Rental or lease of properties


Retail trade


Architectural services


Real estate commissions and property management fees


All other business activities secondary to construction activities


Excavation work: earthmoving or land clearing contractor


Framing contractor


Finish carpentry contractor


All other construction activity


Other business activities secondary to construction activities, total


Concrete contractor, except paving or precast


Heavy construction contractor, such as bridges, tunnels, pipelines, utility lines, and anchored earth retention


Heavy construction and civil engineering construction, total


Building construction on land you own or control, for sale


Construction management, agency or fee only


Remodeling contractor, except those performing specialized work such as carpentry, flooring, doors, or windows


Construction management, at risk


Building construction on land customer owns


Building construction, total


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
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
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 Commercial & Institutional Building Construction 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 Commercial & Institutional 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 Commercial & Institutional Building Construction 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 15%

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Chief Executives0%
General and Operations Managers4%
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%
Source: Bureau of Labor Statistics

Commercial & Institutional Building Construction Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Commercial & Institutional 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 Commercial & Institutional 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
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Commercial & Institutional Building Construction industry.

Government Contracts

In 2022, the federal government spent a total of $102,400,522,669 on Commercial & Institutional Building Construction. It has awarded 25387 contracts to 3852 companies, with an average value of $26,583,729 per company.   

Most Recent Contracts Date Total Award Amount
Air Freight Way Al Qastal
Al Jeeza,
Jun 30, 2023$160,017

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