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Excavation Contractors in the US - Industry Market Research Report

  • May 2017
  • 34 pages
  • Ibisworld
Report ID: 2252652

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Dig deep: Growth will be mitigated as the total value of construction surpasses its prerecessionary levels

Excavation Contractors in the US

The Excavation Contractors industry derives more than three-fourths of its revenue from the private residential and nonresidential building market. The industry performed well over the past five-year period, supported by increasing demand from downstream construction industries. In particular, improvement in industry performance corresponded with the rapid expansion in demand for excavation services in the booming housing market and nonresidential building market. Moving forward, industry revenue is expected to continue growing. However, with the total value of construction expected to surpass its prerecessionary levels, growth will become harder to sustain.

This industry primarily excavates land for building construction. Activities include drilling shafts, foundation digging and drilling and grading. The excavation work performed includes new work, additions, alterations and repairs.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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