Industry Spotlight: Concrete Contractors in the US

The concrete contracting industry is a foundational pillar of the U.S. construction market, delivering the poured, finished, and reinforced concrete work that supports everything from residential driveways to massive industrial complexes. Industry operators handle foundations, retaining walls, sidewalks, and structural elements, as well as specialized applications like grout and shotcrete. Their work spans new builds, additions, maintenance, and repairs, making them indispensable to both the residential and commercial sectors.

Recent years have brought notable growth opportunities for concrete contractors, driven by multiple construction booms. The surge in single-family housing starts has been particularly beneficial, while commercial markets such as hotels and the rapidly expanding AI data center sector have added new demand streams. The industrial construction segment has surged as well, bolstered by incentives from federal initiatives like the Inflation Reduction Act and the CHIPS and Science Act, which have spurred significant manufacturing facility development.

Market performance has been mixed across subsectors. New single-family residential work dipped in 2022 and 2023 following interest rate hikes but rebounded in 2024 amid low housing supply and modest rate cuts. In contrast, new multifamily housing construction reached historic lows in 2024, limiting some potential growth. Industrial and warehouse projects, however, have surged ahead, helping balance the overall market performance for contractors.

Financially, the industry is on solid ground. In 2025, annual revenue is projected to hit $91.2 billion, with a growth rate of 1.6% expected through 2030. The sector employs over 342,000 people, with employment also projected to grow at 1.6% annually. With approximately 92,904 businesses in operation, the average revenue per business sits at $981,700. Profit margins have been steady at around 5.9%, equating to roughly $57,917 per company, with total industry profit reaching $5.4 billion from 2020 to 2025.

Demand drivers remain diverse, including residential construction trends, commercial property investments, and significant federal funding for infrastructure and industrial developments. The ongoing boom in AI data center construction is poised to be a significant growth catalyst for years to come, offering contractors opportunities to diversify into high-tech and large-scale industrial projects.

For concrete contractors, the next five years present a promising landscape, but one that requires agility. Those who can manage costs, maintain efficiency, and adapt to shifting market demands—especially between residential, commercial, and industrial sectors—will be best positioned for sustained success. Strategic planning, whether for scaling operations or preparing for succession, can maximize both short-term gains and long-term value. Advisory partners like Blue Sky Exit Planning can help contractors benchmark their performance and chart a path for growth.

Looking forward, the concrete contracting industry’s ability to align with evolving market needs will be critical. From meeting the demands of a changing housing market to capitalizing on federally backed industrial expansion, contractors who adapt and invest in capability will continue to form the literal and figurative foundations of America’s growth. 

For a deeper dive into the key takeaways and to see how your business compares to industry benchmarks, contact Joe at Joe@blueskyexitplanning.com.

Citation:

O’Malley, M. (2025). 23811 Concrete Contractors in the US. IBISWorld Industry Reports. https://my.ibisworld.com/

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