Drywall, Plaster, Acoustic & Insulation Contractors Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 1/15/2024
SIC Codes: 1742
NAICS Codes: 23831
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Drywall, Plaster, Acoustic & Insulation Contractors Industry Profile

Companies in this industry perform drywall and insulation work, including installation, maintenance, and repair. Major US companies include APi Group, The Brock Group, Irex Contracting Group, KHS&S Contractors, Performance Contracting Inc, and United Subcontractors Inc.

The US drywall, plaster, acoustic, and insulation contractor industry includes about 18,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $45 billion.

COMPETITIVE LANDSCAPE

Demand is driven primarily by new building construction. The profitability of individual companies depends on a steady volume of work, accurate job estimating, and good cost controls. Large companies have an advantage in bidding on large jobs. Small companies can compete effectively by specializing or by providing superior service. The industry is highly fragmented: the 50 largest firms account for less than 25% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Single detached residential buildings account for about 30% of the industry's revenues, followed by additions, renovations, and alterations to office buildings (about 30%). Other revenue sources come from the construction services for new office buildings, new educational buildings, and new apartment buildings, among others.

Commercial contractors install the metal framing that underlies walls in commercial and institutional buildings and the gypsum wallboard that covers it. They also install other types of walls (such as movable partitions or stone veneer), acoustic and specialty ceilings, and various types of insulation and fireproofing. Many commercial contractors are sales representatives for manufacturers of floor, wall or ceiling products, from ...

 
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