Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Masonry in the US - Industry Market Research Report

United States masonry market: $33.8 billion industry by 2018


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-02-17 23:48:01 - Masonry in the US - Industry Market Research Report - a new market research report on companiesandmarkets.com

The United States masonry market is fragmented, with many small-scale, geographically dispersed contractors. The skilled services performed by this industry include brick and block laying; pointing, tuck pointing, cleaning and caulking masonry; building foundations using masonry products; and working with granite, marble and slate. This industry generates 45.0% of its annual revenue from residential construction work, which includes brickwork on exterior wall sidings and pavement. Another 32.0% of industry revenue is generated from the laying of masonry and dimension stone on walls, facades and foyers in offices, retail stores and other commercial buildings. The remaining balance comes from schools, hospitals and other municipal construction projects, and from non-building construction work, such as fences, dams and reservoirs. Industry revenue is expected

 

 

to increase 7.1% in 2013 to $24.0 billion.

The recovery in demand for masonry and bricklaying services in the residential construction market is expected to gather momentum during the year, and help offset slower growth in demand from commercial builders, particularly office building developers, which are dealing with high vacancy rates.

Even with an increase over the current year, industry revenue has fallen at an estimated average annual rate of 3.4% over the five years to 2013. Demand for bricklaying and masonry services in the residential construction market collapsed during the recession, with the number of housing starts falling at double-digit rates in 2008 and 2009. Over the same period, the value of private nonresidential construction and residential construction also experienced significant drops.

Looking ahead, a strong recovery in the residential and commercial building markets will positively affect industry performance. Over the five years to 2018, revenue is forecast to increase at an annualized rate of 7.1% to $33.8 billion, only marginally higher than levels prior to the recession. During this time, competitive pressures will ease and profit margins will widen. Moreover, demand for masonry services will increase as housing starts and the value of nonresidential construction continue to trend upwards. Profit, as measured by earnings before interest and taxes, is projected to grow from 5.0% of industry revenue in 2013 to 5.5% in 2018.

Click for report details: www.companiesandmarkets.com/Market/Construction/Market-Research/ ..

Browse all Construction Market Research Reports www.companiesandmarkets.com/Market/Construction/Market-Research? ..

Browse all Construction Company Profile Reports www.companiesandmarkets.com/Market/Construction/Company-Profile? ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com