$9.7bn
$XXX.Xm
24,025
4,566
$X.Xbn
The values of new residential and nonresidential construction directly contribute to demolition and wrecking demand. Demand for demolition and wrecking services has risen because of broad-based economic growth, a strong housing market and more significant construction activity. Still, due to COVID-19, all nonessential construction activity decreased in the first two quarters of 2020, which caused industry revenue to decline. Poor macroeconomic conditions in 2023 also constrained revenue growth. Still, industry-wide revenue has increased at a CAGR of 2.0% to $9.7 billion through the end of 2024, including an expected 3.3% increase in 2024.
Industry revenue has grown at a CAGR of 2.0 % over the past five years, to reach an estimated $9.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Manafort Brothers Inc. | 56.8 | 4.2 | 7.4 | |
Arburg Holding GmbH + Co KG | 36.8 | 2.7 | 7.4 | |
O'Rourke Wrecking Company | 24.2 | 1.8 | 7.4 |
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Industry revenue is measured across several distinct product and services lines, including Other, Abatement and remediation and Total and selective demolition. Other is the largest segment of the Demolition & Wrecking in the US.
Total and selective demolition services endure economic uncertainty
Operators in this industry primarily wreck and demolish buildings and structures and sometimes sell salvaged materials. Other industry services include clearing and recycling debris, interior strip-outs, handling asbestos and hazardous materials, remediating sites (decontamination and waste disposal) and cutting and exploding concrete. Excavation and land-clearing work is excluded from this industry.
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NAICS 238910 - Demolition & Wrecking in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The real estate market has declined. The disruption of the COVID-19 pandemic and high interest rates have led to an overall decline in demand for demolition and wrecking comp...
Learn about an industry's products and services, markets and trends in international trade.
Total demolition is the main service offering and involves leveling an entire structure. Selective demolition involves demolishing only the interior of a building.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast region leads despite struggles with fewer major cities with sufficient space to expand. It still leads the industry partly because it has less occupied land, of...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition is primarily based on price, reputation and range of services. Among contractors with comparable reputations and services, price differentiation is the deciding f...
Learn about the performance of the top companies in the industry.
Manafort Brothers dominates due to a better spread of services. The company offers various services, making it more desirable for large-scale work.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
OSHA requirements must be met before work begins. It requires specific structural engineering advice for demolition involving structural weakening and that a competent engine...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Construction industries exhibit intense upward pressure on wages due to tight labor markets for skilled and accredited employees. Demolition and wrecking companies hire third...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Demolition & Wrecking in the US industry in United States is $9.7bn in 2024.
There are 4,566 businesses in the Demolition & Wrecking in the US industry in United States, which has grown at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Demolition & Wrecking in the US industry in United States has been growing at a CAGR of 2.0 % between 2019 and 2024.
Over the next five years, the Demolition & Wrecking in the US industry in United States is expected to grow.
The biggest companies operating in the Demolition & Wrecking market in United States are Manafort Brothers Inc., Arburg Holding GmbH + Co KG and O'Rourke Wrecking Company
Predemolition planning and analysis and Total or selective demolition of buildings (e.g. offices, warehouses and apartments) are part of the Demolition & Wrecking in the US industry.
The company holding the most market share in United States is Manafort Brothers Inc..
The level of competition is moderate and steady in the Demolition & Wrecking in the US industry in United States.