$26.5bn
$XXX.Xm
71,999
10,429
$X.Xbn
Industrial building construction contractors have faced considerable declines over the current period stemming from the outbreak of COVID-19 and subsequent interest rate hikes. Revenue has been falling at a CAGR of 3.6% through the end of 2023 to reach an estimated $26.4 billion, including an estimated decrease of 2.4% in 2023, with profit set to dip to 2.3%.
Industry revenue has declined at a CAGR of 3.6 % over the past five years, to reach an estimated $26.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Fluor Corporation | 6,785.0 | 183.9 | 2.7 | |
Aecom | 4,235.9 | 210.7 | 5.0 | |
Dpr Construction, Inc. | 3,245.1 | 89.8 | 2.8 |
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Industry revenue is measured across several distinct product and services lines, including Renovations, Construction management services and Infrastructure and other building services. Renovations is the largest segment of the Industrial Building Construction in the US.
General industrial construction has remained the primary product offering
The industry comprises contractors primarily responsible for the construction (e.g., new work, additions, alterations, maintenance and repairs) of industrial and manufacturing buildings. Establishments include general contractors, design-build companies and construction management operators.
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NAICS 23621 - Industrial Building Construction 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.
Industrial building construction contractors have faced considerable headwinds. The outbreak of COVID-19, reducing downstream manufacturing output and interest rate hikes and...
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The industry is characterized by low competition. The majority of manufacturers are either nonemployers or small-time local operations. Most operators employ fewer than 20 em...
Learn about the performance of the top companies in the industry.
Leading manufacturers make use of their vast resources to break into related fields. Jacobs Engineering leads contractors in market share and has a notable market share in at...
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Contractors must abide by heavy federal and state regulations. Currently, a broad range of codes governs industry activity. Contractors must meet these standards on every con...
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Wage costs have climbed amid labor shortages. The impact of the great resignation has forced contractors to hike wages to attract and retain workers. Difficulties sourcing la...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Industrial Building Construction in the US industry in United States is $26.5bn in 2024.
There are 10,429 businesses in the Industrial Building Construction in the US industry in United States, which has grown at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Industrial Building Construction in the US industry in United States has been declining at a CAGR of 3.6 % between 2019 and 2024.
Over the next five years, the Industrial Building Construction in the US industry in United States is expected to grow.
The biggest companies operating in the Industrial Building Construction market in United States are Fluor Corporation, Aecom and Dpr Construction, Inc.
Constructing new manufacturing and industrial buildings and Performing alterations, additions or repairs to manufacturing and industrial buildings are part of the Industrial Building Construction in the US industry.
The company holding the most market share in United States is Fluor Corporation.
The level of competition is high and steady in the Industrial Building Construction in the US industry in United States.