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2022 U.S. Industry Statistics & Market Research - 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.

Statistics | 2016 2017 2018 2019 2020 2021 | |
---|---|---|
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 | 2022 | 2023 | 2024 | 2025 | 2026 | |
---|---|---|---|---|---|---|
Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Construction Services Breakdown
The following products and services account for the largest source of revenues in the Specialty Trade Contractors industry. Note that there are multiple levels of classification, so some line items are contained within other lines.Type of Construction | Total Sales ($ millions) | |||
---|---|---|---|---|
Construction management, agency or fee only |
INCLUDED | |||
Fireproofing flooring contractor |
INCLUDED | |||
Building construction on land you own or control, for sale |
INCLUDED | |||
Subdividing and servicing of raw land into lots, for sale by you to builders |
INCLUDED | |||
Pile driving contractor, underwater |
INCLUDED | |||
Construction management, at risk |
INCLUDED | |||
Transportation of goods for others |
INCLUDED | |||
Miscellaneous foundation, structure, and building exterior contractor |
INCLUDED | |||
Wholesale trade |
INCLUDED | |||
Rental of construction machinery or equipment to others, without an operator |
INCLUDED | |||
Engineering services |
INCLUDED | |||
Bridge and ship painting contractor, except traffic lane painting for bridges |
INCLUDED | |||
Mining -- minerals produced and sold to others |
INCLUDED | |||
Marble, granite, and slate contractor: exterior |
INCLUDED | |||
Highway, street, and runway contractors, including public sidewalks, curbs, sign erection and line painting |
INCLUDED | |||
Manufacturing -- products manufactured and sold to others |
INCLUDED | |||
Wall covering or removal contractor |
INCLUDED | |||
Paving contractor -- asphalt or concrete for highways, streets, bridges, or airport runways |
INCLUDED | |||
Cable television hook-up contractor |
INCLUDED | |||
Remodeling contractor, except those performing specialized work such as carpentry, flooring, doors, or windows |
INCLUDED | |||
Miscellaneous building equipment installation contractor |
INCLUDED | |||
Building construction on land customer owns |
INCLUDED | |||
Retail trade |
INCLUDED | |||
Fireproofing for other foundation, structure, and building exterior contractor |
INCLUDED | |||
Precast concrete installation contractor |
INCLUDED | |||
Welding contractor, operating at site of construction |
INCLUDED | |||
Garage door and overhead door installation contractor, residential-type |
INCLUDED | |||
Lawn sprinkler installation contractor |
INCLUDED | |||
Specialty sheet metal contractor, including metal ceilings, panel, or shelving installation |
INCLUDED | |||
Metal curtain wall installation contractor |
INCLUDED | |||
Heavy construction contractor, such as bridges, tunnels, pipelines, utility lines, and anchored earth retention |
INCLUDED | |||
Masonry contractor: pointing, cleaning, or caulking |
INCLUDED | |||
Stucco contractor |
INCLUDED | |||
Ornamental metal contractor, including metal stairway, balcony, and wrought iron installation |
INCLUDED | |||
Plastering, lathing, or fresco contractor |
INCLUDED | |||
Rental of construction machinery or equipment (except cranes) with operator |
INCLUDED | |||
Concrete cutting or drilling contractor |
INCLUDED | |||
Gutter, gutter guard, and downspout installation contractor |
INCLUDED | |||
Cable and conduit laying contractor |
INCLUDED | |||
Septic tank, cesspool, and dry well contractor (except sewer hookups to buildings) |
INCLUDED | |||
Miscellaneous building finishing contractor |
INCLUDED | |||
Building construction, total |
INCLUDED | |||
Reinforcing steel contractor |
INCLUDED | |||
Steam and pipe fitting contractor |
INCLUDED | |||
Carpet laying or removal contractor |
INCLUDED | |||
Marble, granite, and slate contractor: interior |
INCLUDED | |||
Waterproofing and weather stripping contractor |
INCLUDED | |||
Acoustical contractor |
INCLUDED | |||
Trenching contractor, except underwater |
INCLUDED | |||
Rental of cranes with operator |
INCLUDED | |||
Siding contractor, including fascia and soffit |
INCLUDED | |||
All other business activities secondary to construction activities |
INCLUDED | |||
Highway, street, or bridge lighting and signal installation and service contractor |
INCLUDED | |||
Refrigeration contractor |
INCLUDED | |||
Wrecking, demolition, or blasting contractor |
INCLUDED | |||
Tile, terrazzo and mosaic contractor |
INCLUDED | |||
Miscellaneous specialty construction activity |
INCLUDED | |||
Building sprinkler system installation contractor |
INCLUDED | |||
Insulation contractor, except boiler, pipe, or duct work |
INCLUDED | |||
Foundation digging, drilling, or pile driving contractor, except underwater |
INCLUDED | |||
Insulation contractor, boiler, pipe, or duct work |
INCLUDED | |||
Heavy construction and civil engineering construction, total |
INCLUDED | |||
Swimming pool contractor |
INCLUDED | |||
Fence construction contractor |
INCLUDED | |||
Structural steel erection contractor |
INCLUDED | |||
Electronic and environmental control systems installation and service contractor |
INCLUDED | |||
Millwright and machine rigging contractor |
INCLUDED | |||
Other business activities secondary to construction activities, total |
INCLUDED | |||
Floor contractor, including wood, resilient, and computer flooring (except fireproof flooring) |
INCLUDED | |||
Fire and security systems installation and service contractor |
INCLUDED | |||
Elevator and escalator installation, service, and repair contractor |
INCLUDED | |||
Glass, glazing, and tinting contractor |
INCLUDED | |||
Masonry contractor, brick, block, or stone (except brick paving) |
INCLUDED | |||
Telecommunications installation and service contractor (except transmission lines) |
INCLUDED | |||
Framing contractor |
INCLUDED | |||
Asphalt, concrete, and brick paving contractor, residential or commercial driveways and parking areas |
INCLUDED | |||
Finish carpentry contractor |
INCLUDED | |||
Painting contractor |
INCLUDED | |||
Drywall contractor |
INCLUDED | |||
All other construction activity |
INCLUDED | |||
Mechanical contractor |
INCLUDED | |||
Roofing contractor |
INCLUDED | |||
Concrete contractor, except paving or precast |
INCLUDED | |||
Excavation work: earthmoving or land clearing contractor |
INCLUDED | |||
Plumbing contractor |
INCLUDED | |||
Heating, ventilation and air-conditioning contractor (HVAC) |
INCLUDED | |||
Electric power installation and service contractor, including lighting |
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 Specialty Trade 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 |
---|---|
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 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 | 4% | Order at top of page |
||
Chief Executives | 0% | |||
General and Operations Managers | 2% | |||
Office and Administrative Support Occupations | 10% | |||
Construction and Extraction Occupations | 64% | |||
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 | 54% | |||
Brickmasons, Blockmasons, and Stonemasons | 7% | |||
Brickmasons and Blockmasons | 6% | |||
Carpenters | 5% | |||
Carpenters | 5% | |||
Carpet, Floor, and Tile Installers and Finishers | 7% | |||
Cement Masons, Concrete Finishers, and Terrazzo Workers | 10% | |||
Cement Masons and Concrete Finishers | 10% | |||
Construction Laborers | 8% | |||
Construction Laborers | 8% | |||
Construction Equipment Operators | 16% | |||
Operating Engineers and Other Construction Equipment Operators | 14% | |||
Drywall Installers, Ceiling Tile Installers, and Tapers | 12% | |||
Drywall and Ceiling Tile Installers | 10% | |||
Tapers | 6% | |||
Electricians | 10% | |||
Electricians | 10% | |||
Insulation Workers | 11% | |||
Insulation Workers, Floor, Ceiling, and Wall | 9% | |||
Insulation Workers, Mechanical | 9% | |||
Painters and Paperhangers | 19% | |||
Painters, Construction and Maintenance | 19% | |||
Pipelayers, Plumbers, Pipefitters, and Steamfitters | 7% | |||
Plumbers, Pipefitters, and Steamfitters | 7% | |||
Plasterers and Stucco Masons | 5% | |||
Plasterers and Stucco Masons | 5% | |||
Roofers | 13% | |||
Roofers | 13% | |||
Sheet Metal Workers | 6% | |||
Sheet Metal Workers | 6% | |||
Helpers, Construction Trades | 11% | |||
Helpers, Construction Trades | 11% | |||
Helpers--Brickmasons, Blockmasons, Stonemasons, and Tile and Marble Setters | 11% | |||
Helpers--Electricians | 7% | |||
Other Construction and Related Workers | 16% | |||
Elevator Installers and Repairers | 16% | |||
Elevator Installers and Repairers | 16% | |||
Installation, Maintenance, and Repair Occupations | 11% | |||
Electrical and Electronic Equipment Mechanics, Installers, and Repairers | 6% | |||
Other Installation, Maintenance, and Repair Occupations | 8% | |||
Heating, Air Conditioning, and Refrigeration Mechanics and Installers | 5% | |||
Heating, Air Conditioning, and Refrigeration Mechanics and Installers | 5% | |||
Industrial Machinery Installation, Repair, and Maintenance Workers | 8% | |||
Millwrights | 7% | |||
Transportation and Material Moving Occupations | 12% | |||
Motor Vehicle Operators | 7% | |||
Driver/Sales Workers and Truck Drivers | 7% | |||
Heavy and Tractor-Trailer Truck Drivers | 7% |
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 |
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 Specialty Trade Contractors industry. |
Executive Briefings
Our T MYR Group
Government Contracts
In 2020, the federal government spent a total of $6,564,064,187 on Specialty Trade Contractors. It has awarded 13474 contracts to 5378 companies, with an average value of $1,220,540 per company.Most Recent Contracts | Date | Total Award Amount |
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