Nonresidential Building Construction Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/6/2024
SIC Codes: 1522, 1531, 1541, 1542, 1629, 1799, 8741
NAICS Codes: 2362
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Nonresidential Building Construction Industry Profile

Companies in this industry construct nonresidential buildings, including industrial plants and commercial and institutional facilities. Major companies include Clark Construction Group, Turner Construction, and Whiting-Turner Contracting (all based in the US), as well as Balfour Beatty (UK), China State Construction (China), HOCHTIEF (Germany), and Skanska (Sweden).

Global construction output in 2020 was about $20 trillion and is expected to reach about $15 trillion by 2030, according to Oxford Economics. China, India, and the US are expected to account for about 60% of all global growth, according to PwC.

The US nonresidential building construction industry includes about 42,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $460 billion.


Nonresidential construction activity depends heavily on corporate and government spending. The profitability of individual companies depends on accurate project bids and efficient operations. Large companies have advantages in their ability to engage in multiple projects simultaneously and to engage in many types of construction. Small companies can compete effectively by specializing, working in a limited geography, or serving as subcontractors on larger projects.

The US industry is highly fragmented, with the top 50 largest companies counting for more than 20% of the industry revenue, although competition for the largest projects is typically limited to major companies with extensive capabilities and resources. Because the industry struggles with labor shortages, the ability to attract and retain adequate numbers of skilled ...

View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Nonresidential Building Construction that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options