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

Published: December 2023

Industry Insights

The Nonresidential Building Construction industry is currently experiencing several key trends that are influencing its growth and performance.

One of the primary trends is the increasing demand for sustainable building practices, as more clients are prioritizing environmentally-friendly and energy-efficient designs. This trend is driving the adoption of sustainable materials and technologies, and the implementation of green building certification programs such as LEED.

The growth in the use of technology is also a major trend. Construction firms are implementing Building Information Modeling (BIM) and other digital tools to improve the efficiency of their processes, reduce costs, and enhance safety on job sites.

Another trend is the increasing focus on safety. Construction companies are taking measures to improve the safety practices on job sites, such as implementing strict safety guidelines and training programs, and the use of safety equipment.

The COVID-19 pandemic has also had a significant impact on the industry, causing disruptions in the supply chain and delaying projects. Buildings are being redesigned to accommodate new pandemic-related requirements such as increased air filtration systems and touchless technology.

Finally, there is a growing trend towards the use of offsite construction and modular building techniques, which are being adopted to overcome labor shortages, reduce construction times, and increase efficiency. These trends are expected to continue to shape the future of the Nonresidential Building Construction industry.

Construction Services Breakdown

The following products and services account for the largest source of revenues in the Nonresidential 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)
Engineering services	INCLUDED
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
Other business activities secondary to construction activities, total	INCLUDED
All other construction activity	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

Source: AnythingResearch Analysis of U.S. federal statistics

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%

Source: Bureau of Labor Statistics

Nonresidential Building Construction Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Nonresidential 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 Nonresidential 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 Nonresidential Building Construction industry.

Government Contracts

In 2022, the federal government spent a total of $109,445,687,965 on Nonresidential Building Construction. It has awarded 26242 contracts to 3958 companies, with an average value of $27,651,766 per company.   

Most Recent Contracts	Date	Total Award Amount
BRICKL BROS., INC. 400 Brickl Rd West Salem, WI	Jun 30, 2023	$11,121,706