United States Excavation Contractors Industry Report 2023-2028: Key External Drivers, Current Performance, Industry Outlook, & Industry Life Cycle

News provided by

Oct 03, 2023, 13:00 ET

DUBLIN, Oct. 3, 2023 /PRNewswire/ -- The "Excavation Contractors in the US - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.

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's key players and their market shares.

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.

The industry derives a significant portion of its revenue, approximately two-thirds, from engagements in the private residential and nonresidential building sectors. The remaining revenue is generated through land excavation services in nonbuilding construction markets, encompassing projects like sports field development, road construction, and water supply facility construction.

Competitive dynamics in this sector involve contractors vying against various entities, including general construction firms, heavy construction contractors, highway and road construction specialists, engineering companies, demolition and wrecking contractors, as well as other specialized contractors.

This industry primarily specializes in land excavation for building construction purposes. Its scope of activities encompasses tasks such as shaft drilling, foundation excavation, drilling activities, and grading services. The excavation services provided cater to a spectrum of needs, including new construction projects, building additions, structural alterations, and construction repairs.

MAJOR COMPANIES

Arctic Slope Regional Corp
United States Infrastructure Corporation
Malcolm Drilling Company Inc.
Soletanche Freyssinet
Brandenburg Industrial Service Company
Berkel & Company Contractors Inc.
Beaver Excavating Company
Remedial Construction Services, L.P.
Condon-Johnson & Associates, Inc.
Veit & Company Inc.
J Derenzo Co
E.S. Wagner Company
McKinney Drilling Company
Shaft Drillers International LLC
North American Dismantling Corp.

Key Topics Covered:

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

For more information about this report visit https://www.researchandmarkets.com/r/s8vvhc

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets