$118.7bn
$X.Xbn
560k
234k
$XX.Xbn
The Excavation Contractors industry earns nearly half 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 compete with general construction companies and heavy construction contractors, highway and road contractors, engineering companies, demolition and wrecking contractors and other specialist contractors. Over the five years to 2023, the industry stagnated as rising interest rates and COVID-19 complications mitigated industry demand. Excavation Contractors industry revenue has been inching upward at a CAGR of 0.9% over the past five years and is expected to total $118.7 billion in 2023, when revenue will jump by an estimated 3.3%. Profit has decreased over the past five years amid rising wage and purchase fees.
Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated $118.7bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Arctic Slope Regional Corp | 1,959.9 | 150.5 | 7.7 | |
United States Infrastructure Corporation | 1,378.2 | 67.5 | 4.9 | |
Malcolm Drilling Company Inc. | 553.8 | 41.4 | 7.5 |
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Excavation Contractors in the US
Industry revenue is measured across several distinct product and services lines, including Excavation work for residential buildings, Excavation work for nonresidential buildings and Foundation digging. Excavation work for residential buildings is the largest segment of the Excavation Contractors in the US.
The national focus on infrastructure drives trenching work
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.
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NAICS 238910 - Excavation Contractors in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising interest rates have made funding new projects difficult. Larger companies have an easier time weathering declining demand, while smaller companies must either exit the...
Learn about an industry's products and services, markets and trends in international trade.
Rising interest rates have slowed the industry’s growth over the past five years. Businesses and individuals are unwilling to start new projects while rates are high.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The distribution of establishments tends to reflect economic activity. One -off events, such as the Big Dig transport project in Boston or a natural disaster can skew activit...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Reputation is a key factor when companies bid for new contracts. Projects are frequently awarded to companies that have nurtured long-term relationships with developers.
Learn about the performance of the top companies in the industry.
Few companies operate on a national scale. Industry excavation contractors often compete within a limited area and scope of contracts.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Excavation contractors have been supported by elevated government spending. Infrastructure and other nonbuilding spending will help offset the impact of high interest rates.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
A declining residential construction market has put pressure on profit. High interest rates have limited demand for new housing projects.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Excavation Contractors in the US industry in United States is $118.7bn in 2024.
There are 234k businesses in the Excavation Contractors in the US industry in United States, which has grown at a CAGR of 1.1 % between 2018 and 2023.
The market size of the Excavation Contractors in the US industry in United States has been growing at a CAGR of 0.9 % between 2018 and 2023.
Over the next five years, the Excavation Contractors in the US industry in United States is expected to grow.
The biggest companies operating in the Excavation Contractors market in United States are Arctic Slope Regional Corp, United States Infrastructure Corporation and Malcolm Drilling Company Inc.
Earthmoving and Excavating are part of the Excavation Contractors in the US industry.
The company holding the most market share in United States is Arctic Slope Regional Corp.
The level of competition is moderate and steady in the Excavation Contractors in the US industry in United States.