Page Length: | 10-12 | |
Last Quarterly Update: | 10/7/2024 | |
SIC Codes: | 1741 | |
NAICS Codes: | 23814 |
Chapters Include: | ||
Industry Overview | Trends & Challenges | Industry Forecast |
Quarterly Industry Update | Call Prep Questions | Website & Media Links |
Business Challenges | Financial Information | Glossary & Acronyms |
Companies in this industry set stones; lay bricks, cement, and glass blocks; apply stucco; prepare foundations; and perform other masonry work. Major companies, all based in the US, include CA Lindman, Dee Brown Inc, McGee Brothers, Sun Valley Masonry, and Western Specialty Contractors.
China and the US are among the world's largest markets for construction, according to the International Trade Administration (ITA). Demand is increasing in India as urbanization continues, according to The Times of India. Few masonry contractors operate on a global scale.
The US masonry contracting industry includes about 20,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $25 billion.
COMPETITIVE LANDSCAPE
Demand is driven by residential, commercial, and government-funded construction activity. The profitability of individual companies depends on accurate cost estimation and efficient project management. Large companies have economies of scale in marketing and purchasing. Small companies can compete effectively by specializing. The industry is highly fragmented with the top 50 largest firms accounting for roughly 15% only.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major sources of revenue for masonry contractors include single-family homes, which account for more than 40% of the industry's revenue and followed by additions, renovations, and alterations (20%), and new educational buildings (about 20%). Other services also include maintenance and repair.
Masonry contractors use concrete blocks, bricks, and other pre-formed elements such as marble, granite, travertine, and limestone to build walls. Dry-set masonry requires no mortar ...
Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?
Learn More About Subscription Options