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Concrete and Masonry Contractors Industry Profile Excerpt
| SIC Codes: 1741, 1771, 1791 NAICS Codes: 23811, 23812, 23814 Page Length: 10-12 Last Quarterly Update: 11/17/2008 View Sample Industry Profile |
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Concrete and masonry contractors in the US have combined annual revenue of about $40 billion, a figure that fluctuates with the amount of annual construction activity. This highly fragmented, local industry has no large publicly traded companies. Most of the approximately 40,000 contractors specialize in either concrete or masonry, although many also do asphalt work. While a few hundred companies have more than 50 employees and revenues up to $20 million, the average contractor has between five and 20 workers and annual revenues less than $1 million.
COMPETITIVE LANDSCAPE
Except in specialized applications such as high-rise work, large bridges, or marine work, concrete work is considered virtually a commodity business, with contracts awarded largely based on low price. In most markets, competition is intense. Large companies do not necessarily have an advantage over smaller ones. The ability to perform work on schedule is important, as most work is done for general contractors as one part of a larger project.
PRODUCTS, OPERATIONS & TECHNOLOGY
Concrete contractors primarily mix and pour concrete into prepared forms and molds, which often contain reinforcing steel bars ("rebar"). About two-thirds of business is real estate construction (about one-quarter in single family construction where the contractor pours the foundation and basement walls) and one-third is non-real estate: driveways and parking areas, highways, streets, sidewalks, bridges, tunnels, sewers, and specialty architectural applications. About 60 percent of the interstate highway system is concrete, especially in urban ...
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