2024 Construction Industry Statistics Report

Construction - Market Size and Industry Forecast

The 2024 Construction Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Construction industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Construction - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Construction companies in the United States.

Construction Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesConstruction
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Construction - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Construction - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Construction - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations11%


Top Executives6%
Chief Executives0%
General and Operations Managers5%
General and Operations Managers3%
Other Management Occupations7%
Construction Managers7%
Construction Managers7%
Property, Real Estate, and Community Association Managers6%
Property, Real Estate, and Community Association Managers6%
Business and Financial Operations Occupations5%
Business Operations Specialists6%
Building and Grounds Cleaning and Maintenance Occupations6%
Sales and Related Occupations6%
Other Sales and Related Workers5%
Office and Administrative Support Occupations11%
Secretaries and Administrative Assistants6%
Secretaries and Administrative Assistants6%
Other Office and Administrative Support Workers6%
Office Clerks, General5%
Office Clerks, General5%
Construction and Extraction Occupations60%
Supervisors of Construction and Extraction Workers10%
First-Line Supervisors of Construction Trades and Extraction Workers10%
First-Line Supervisors of Construction Trades and Extraction Workers10%
Construction Trades Workers48%
Brickmasons, Blockmasons, and Stonemasons7%
Brickmasons and Blockmasons6%
Carpet, Floor, and Tile Installers and Finishers7%
Cement Masons, Concrete Finishers, and Terrazzo Workers10%
Cement Masons and Concrete Finishers10%
Construction Laborers16%
Construction Laborers16%
Construction Equipment Operators13%
Paving, Surfacing, and Tamping Equipment Operators5%
Operating Engineers and Other Construction Equipment Operators11%
Drywall Installers, Ceiling Tile Installers, and Tapers12%
Drywall and Ceiling Tile Installers10%
Insulation Workers11%
Insulation Workers, Floor, Ceiling, and Wall9%
Insulation Workers, Mechanical9%
Painters and Paperhangers19%
Painters, Construction and Maintenance19%
Pipelayers, Plumbers, Pipefitters, and Steamfitters6%
Plumbers, Pipefitters, and Steamfitters7%
Plasterers and Stucco Masons5%
Plasterers and Stucco Masons5%
Sheet Metal Workers6%
Sheet Metal Workers6%
Helpers, Construction Trades11%
Helpers, Construction Trades11%
Helpers--Brickmasons, Blockmasons, Stonemasons, and Tile and Marble Setters11%
Other Construction and Related Workers16%
Elevator Installers and Repairers16%
Elevator Installers and Repairers16%
Installation, Maintenance, and Repair Occupations10%
Electrical and Electronic Equipment Mechanics, Installers, and Repairers6%
Other Installation, Maintenance, and Repair Occupations7%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers5%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers5%
Industrial Machinery Installation, Repair, and Maintenance Workers8%
Line Installers and Repairers5%
Electrical Power-Line Installers and Repairers7%
Telecommunications Line Installers and Repairers10%
Production Occupations6%
Transportation and Material Moving Occupations7%
Motor Vehicle Operators8%
Driver/Sales Workers and Truck Drivers8%
Heavy and Tractor-Trailer Truck Drivers8%

Government Contracts

In the past, the federal government spent an annual total of $30,102,731,177 on the construction industry. It has awarded 110,436 contracts to 17,764 companies, with an average value of $1,694,592 per company.

Construction and Adjacent Industries - Top Companies

($ Millions)


Construction Industry Research
GeographyUnited States  
Publication DateJuly 2024
Report FormatPDF Download  PDF

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