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Revenue per State | ![]() |
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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.

Statistics | 2017 2018 2019 2020 2021 2022 | |
---|---|---|
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 / 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 (%) |
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 |
INCLUDED | |||
Retail trade |
INCLUDED | |||
Architectural services |
INCLUDED | |||
Real estate commissions and property management fees |
INCLUDED | |||
All other business activities secondary to construction activities |
INCLUDED | |||
Excavation work: earthmoving or land clearing contractor |
INCLUDED | |||
Framing contractor |
INCLUDED | |||
Finish carpentry contractor |
INCLUDED | |||
All other construction activity |
INCLUDED | |||
Other business activities secondary to construction activities, total |
INCLUDED | |||
Concrete contractor, except paving or precast |
INCLUDED | |||
Heavy construction contractor, such as bridges, tunnels, pipelines, utility lines, and anchored earth retention |
INCLUDED | |||
Heavy construction and civil engineering construction, total |
INCLUDED | |||
Building construction on land you own or control, for sale |
INCLUDED | |||
Construction management, agency or fee only |
INCLUDED | |||
Remodeling contractor, except those performing specialized work such as carpentry, flooring, doors, or windows |
INCLUDED | |||
Construction management, at risk |
INCLUDED | |||
Building construction on land customer owns |
INCLUDED | |||
Building construction, total |
INCLUDED |
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) | |
---|---|---|
Total Revenue | Order at top of page |
|
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 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 Ratios | Industry 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 Ratios | Industry 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 Indicators | Industry 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. |
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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 |
---|---|---|---|---|
Management Occupations | 15% | Order at top of page |
||
Chief Executives | 0% | |||
General and Operations Managers | 4% | |||
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% |
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 |
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 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 |
---|---|---|
LOYALTY SUPPORT SERVICES Air Freight Way Al Qastal Al Jeeza, | Jun 30, 2023 | $160,017 |

