Excavation Contractors in the US - Industry Market Research Report

Excavation Contractors in the US - Industry Market Research Report

Excavation Contractors in the US

The industry earns nearly two-thirds of its revenue from the private residential and nonresidential building markets. The remainder stems from the excavation of land in nonbuilding construction markets, including sports fields, roadwork and water supply facilities. Contractors typically compete with general construction companies and heavy construction contractors, highway and road contractors, engineering companies, demolition and wrecking contractors and other specialist contractors. Through 2023, the industry has stagnated, faltering as rising interest rates curtailed industry demand. Revenue has languished, steadying at $80.6 billion in 2023, including a 2.5% decline in 2023.

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.