In 2023, the average number of employees in the US construction sand and gravel industry was 38.83 thousand. Forecasts indicate a steady growth through 2028, with expected figures rising from 39.01 thousand in 2024 to 39.71 thousand by 2028. Year-on-year, this reflects a steady annual increase ranging from approximately 0.46% to 0.43%. Over the five-year period, the compound annual growth rate (CAGR) is expected to be about 0.45%.
Future trends to watch for include:
- Potential impacts of automation and technological advancements on labor requirements.
- Shifts in infrastructure funding and policy changes that could affect demand for construction materials.
- Environmental regulations that may influence operational processes and employment levels.