Industry Data & Market Research

2024 U.S. Industry Statistics & Market Forecast - Specialty Trade Contractors

Market Size & Industry Statistics

The total U.S. industry market size for Specialty Trade 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.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
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 forecast projects both short-term and long-term trends.

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

Industry Insights

The specialty trade contractors industry is constantly evolving in response to changing economic, technological, and social factors. Some key trends affecting the industry include the increasing use of technology, a shift towards sustainable and eco-friendly practices, and changes in labor and employment regulations.

One major trend is the use of technology to improve efficiency and productivity. Many specialty trade contractors are adopting new software, equipment, and processes to streamline their operations and reduce costs. For example, the use of 3D printers, drones, and other digital tools can help contractors complete projects faster and with higher accuracy.

Another trend is the growing demand for sustainable and eco-friendly practices. With concern over climate change and environmental impact on the rise, many customers are seeking out contractors who prioritize environmental responsibility and energy efficiency. This has led to a shift towards green building practices, including the use of renewable energy sources and recycled materials.

Finally, changes in labor and employment regulations are also affecting the industry. The rise of the gig economy, new labor laws, and shifting attitudes towards employee benefits are all leading to changes in how specialists are hired, trained, and compensated. Contractors are having to adapt to these changes in order to attract and retain top talent, while also meeting legal requirements and industry standards.

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 Specialty Trade Contractors 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 Specialty Trade Contractors 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 Specialty Trade Contractors 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 5%

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Chief Executives0%
General and Operations Managers3%
Business and Financial Operations Occupations 5%
Office and Administrative Support Occupations 9%
Construction and Extraction Occupations 61%
Supervisors of Construction and Extraction Workers 6%
First-Line Supervisors of Construction Trades and Extraction Workers 6%
First-Line Supervisors of Construction Trades and Extraction Workers 6%
Construction Trades Workers 50%
Brickmasons, Blockmasons, and Stonemasons 5%
Brickmasons and Blockmasons 29%
Carpenters 10%
Carpenters 10%
Carpet, Floor, and Tile Installers and Finishers 7%
Cement Masons, Concrete Finishers, and Terrazzo Workers 11%
Cement Masons and Concrete Finishers 11%
Construction Laborers 7%
Construction Laborers 7%
Construction Equipment Operators 16%
Operating Engineers and Other Construction Equipment Operators 14%
Drywall Installers, Ceiling Tile Installers, and Tapers 10%
Drywall and Ceiling Tile Installers 9%
Electricians 10%
Electricians 10%
Insulation Workers 13%
Insulation Workers, Floor, Ceiling, and Wall 9%
Insulation Workers, Mechanical 10%
Painters and Paperhangers 17%
Painters, Construction and Maintenance 17%
Pipelayers, Plumbers, Pipefitters, and Steamfitters 7%
Plumbers, Pipefitters, and Steamfitters 7%
Plasterers and Stucco Masons 6%
Plasterers and Stucco Masons 6%
Roofers 13%
Roofers 13%
Helpers, Construction Trades 9%
Helpers, Construction Trades 9%
Helpers--Brickmasons, Blockmasons, Stonemasons, and Tile and Marble Setters 8%
Helpers--Electricians 6%
Other Construction and Related Workers 15%
Elevator and Escalator Installers and Repairers 14%
Elevator and Escalator Installers and Repairers 14%
Installation, Maintenance, and Repair Occupations 11%
Other Installation, Maintenance, and Repair Occupations 8%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers 6%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers 6%
Industrial Machinery Installation, Repair, and Maintenance Workers 7%
Millwrights 5%
Transportation and Material Moving Occupations 10%
Motor Vehicle Operators 7%
Driver/Sales Workers and Truck Drivers 7%
Heavy and Tractor-Trailer Truck Drivers 7%
Source: Bureau of Labor Statistics

Specialty Trade Contractors Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Specialty Trade 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 Specialty Trade 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
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 Specialty Trade Contractors industry.

Innovation News

Recent Federal Contracts for Specialty Trade Contractors

  • Apr 02, 2024: DAP CONSTRUCTION MANAGEMENT LLC (Phoenix, AZ) awarded $79,000
  • Apr 02, 2024: VSGI SOLUTIONZ, LLC (Mc Lean, VA) awarded $611,768
  • Apr 02, 2024: NORMA ISABEL GUTIERREZ LOPEZ (Mexico, ) awarded $30,390
  • Apr 02, 2024: CENTRAL TEXAS ELEVATOR, LLC (Bastrop, TX) awarded $59,310
  • Apr 02, 2024: DUPONT BUILDING INC (Bell City, LA) awarded $355,258
  • Apr 02, 2024: J. & L. MAVILIA INCORPORATED (Upper Marlboro, MD) awarded $145,495

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