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Current State of the Industry | ||
Market Size (industry trends) | ||
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Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
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Public Company Information | ||
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2024 U.S. Industry Statistics & Market Forecast - Drywall and Insulation Contractors
Market Size & Industry Statistics
The total U.S. industry market size for Drywall and Insulation 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 Drywall & Insulation Contractors industry is affected by several key trends, including increasing demand for energy-efficient buildings, a shift towards green building practices, and advancements in building materials and technology.Firstly, there is a growing demand for energy-efficient buildings due to rising energy costs and increasing awareness of the environmental impact of traditional construction practices. As a result, drywall and insulation contractors are implementing sustainable building practices into their operations, such as the use of energy-efficient materials, eco-friendly insulation, and improved building envelope design.
Secondly, there is a shift towards green building practices, which involves the incorporation of environmentally sustainable features in construction projects. This has led to an increase in demand for drywall and insulation contractors who can provide sustainable solutions that reduce the environmental footprint of construction projects.
Lastly, the industry is seeing advancements in building materials and technology, which are changing the way that buildings are designed and constructed. Some of these advancements include the use of smart building technology, modular construction, and new insulation materials that offer improved efficiency and performance.
In summary, the Drywall & Insulation Contractors industry is being shaped by trends such as the increasing demand for energy-efficient buildings, a shift towards green building practices, and advancements in building materials and technology. These trends are likely to continue to influence the industry in the years to come, and contractors who adapt to these changes will be well-positioned for success.
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 Drywall and Insulation 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 Drywall and Insulation 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 Drywall and Insulation 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 | 4% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 2% | |||
Office and Administrative Support Occupations | 6% | |||
Construction and Extraction Occupations | 81% | |||
Supervisors of Construction and Extraction Workers | 8% | |||
First-Line Supervisors of Construction Trades and Extraction Workers | 8% | |||
First-Line Supervisors of Construction Trades and Extraction Workers | 8% | |||
Construction Trades Workers | 71% | |||
Carpenters | 13% | |||
Carpenters | 13% | |||
Drywall Installers, Ceiling Tile Installers, and Tapers | 34% | |||
Drywall and Ceiling Tile Installers | 29% | |||
Insulation Workers | 11% | |||
Insulation Workers, Floor, Ceiling, and Wall | 9% | |||
Plasterers and Stucco Masons | 6% | |||
Plasterers and Stucco Masons | 6% |
Drywall and Insulation Contractors Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Drywall and Insulation 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 Drywall and Insulation 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 Drywall and Insulation Contractors industry. |
Source:
Innovation News
- Jan 26, 2024: Performance Abatement Services trademarks "BARRIERCUBE VENTURES, LLC" - fund investment services
- Jan 23, 2024: Performance Abatement Services trademarks "RE-WRAP" - insulation pads for elbows, flanges, valves, pumps, turbines, manways and other equipment
- Jan 22, 2024: Performance Abatement Services trademarks "PCI CLEANROOM CONTRACTING" - Contracting services
- Sep 12, 2013: Performance Abatement Services patents Static Compression Building
- Sep 12, 2013: Performance Abatement Services patents Static Compression Building
Recent Federal Contracts for Drywall and Insulation Contractors- Feb 23, 2024: GEN III INC (Clancy, MT) awarded $26,500
- Feb 20, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $54,755
- Feb 16, 2024: RUSTY BUCKET CONSTRUCTION LLC (Los Angeles, CA) awarded $129,435
- Feb 13, 2024: BUILDING ENVELOPE ASSESSMENT & REPAIR, LLC (Charleston, SC) awarded $49,980
- Feb 06, 2024: YOKY INSULATION, INC (Miami, FL) awarded $15,200
- Feb 01, 2024: VETERANS FIRE & LIFE SAFETY (Saint Peters, MO) awarded $123,000
- Feb 23, 2024: GEN III INC (Clancy, MT) awarded $26,500
- Feb 20, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $54,755
- Feb 16, 2024: RUSTY BUCKET CONSTRUCTION LLC (Los Angeles, CA) awarded $129,435
- Feb 13, 2024: BUILDING ENVELOPE ASSESSMENT & REPAIR, LLC (Charleston, SC) awarded $49,980
- Feb 06, 2024: YOKY INSULATION, INC (Miami, FL) awarded $15,200
- Feb 01, 2024: VETERANS FIRE & LIFE SAFETY (Saint Peters, MO) awarded $123,000
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