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Revenue per State | ![]() |
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2023 U.S. Industry Statistics & Market Forecast - Nonresidential Building Construction
Market Size & Industry Statistics
The total U.S. industry market size for Nonresidential 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 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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Nonresidential 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 Nonresidential 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 Nonresidential 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. |
|
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% |
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 |

