• Home |
  • How many construction companies in the us

How many construction companies in the us

how much do real estate agentsmake

Meta Tag Description: Discover the current landscape of the construction industry in the US, uncovering the number of construction companies operating in the region. This comprehensive review provides valuable insights for professionals and enthusiasts alike.

The construction industry in the United States is a vital sector that contributes significantly to the country's economic growth. As one of the largest industries, it encompasses a wide range of activities, including residential, commercial, and industrial construction. To understand the magnitude of this industry, it is essential to delve into the question: how many construction companies are there in the US?

Exploring the Construction Landscape:

To assess the number of construction companies in the US, it is crucial to consider various data sources. According to the U.S. Bureau of Labor Statistics (BLS), the construction industry employed over 7.4 million workers as of 2021. This figure includes employees involved in both residential and non-residential construction, as well as specialty trades.

The Census Bureau's Business Dynamics Statistics (BDS) database provides further insights into the construction industry's landscape. As of the latest available data, there were approximately 726,000 construction establishments operating in the US. These establishments encompass a wide range

$2.1 Trillion

US Construction Market Report Overview

Market Size (2022)$2.1 Trillion
Key Consultants· AECOM · Jacobs Solutions Inc · WSP Global Inc · HNTB Corp · STV Group Inc
Enquire & DecideDiscover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

How big is the construction industry in 2023?

This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2018-2027 in United States. Construction industry in United States is expected to grow by 6.1% to reach USD 1,419,192 million in 2023.

Who is the biggest construction company in USA?

Bechtel Corporation

Bechtel Corporation

Bechtel is the largest construction company in the US, with 55,000 employees and annual revenue of $17.6 billion.

Who is the #1 general contractor in USA?

The Turner Corp.

ENR 2022 Top 400 Contractors

RANK 2022RANK 2021FIRM
11The Turner Corp., New York, N.Y.
22Bechtel, Reston, Va.†
34Kiewit Corp., Omaha, Neb.†
46STO Building Group Inc., New York, N.Y.†

Is construction booming in USA?

The United States has experienced a striking surge in construction spending for manufacturing facilities. Real manufacturing construction spending has doubled since the end of 2021 (Figure 1).

How large is the US construction industry?

Construction is a major contributor to the U.S. economy. There were more than 919,000 construction establishments in the U.S. in the 1st quarter of 2023. The industry employs 8.0 million employees and creates nearly $2.1 trillion worth of structures each year.

Which country has the most construction companies?

Global construction contractor revenue of largest firms 2018-2021, by country. China was the country with the biggest international contractor market in 2021, reaching over 107 billion U.S. dollars. That year, India-based contractors generated revenue streams of around six billion U.S. dollars.

Frequently Asked Questions

How many construction firms are in the US?

According to Dun & Bradstreet, there are 1.5 million construction companies in the country ranging from small family operations to multi-billion corporations with global footprints.

How big is the Construction industry in 2023?

This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2018-2027 in United States. Construction industry in United States is expected to grow by 6.1% to reach USD 1,419,192 million in 2023.

FAQ

How many commercial construction companies are there in the US?

As of 2023, the number of construction businesses in the US has risen to 3,787,470, representing a 2.5% increase from the previous year. Over the five-year period between 2018 and 2023, the construction industry in the US has seen an average annual growth of 2.5% in the number of businesses.

Where is the most commercial construction in the US?
California – known for its Hollywood film industry, Silicon Valley technology industry, and diverse cultures, California is often the top state in terms of construction with the biggest net project value and most number of projects.

How many construction companies in the us

How many construction businesses are in the US?

As of 2023, the number of construction businesses in the US has risen to 3,787,470, representing a 2.5% increase from the previous year. Over the five-year period between 2018 and 2023, the construction industry in the US has seen an average annual growth of 2.5% in the number of businesses.

What is the size of the US construction market?

The construction market size in US was $2.1 trillion in 2022.

  • Is construction slowing down 2023?
    • The Industrial category is expected to see a significant increase of 55.1% in 2023, a surge significantly higher than any other category. However, this growth is expected to slow to 5.4% in 2024, marking a substantial decline.

  • How many construction firms are there in the US?
    • There were more than 919,000 construction establishments in the U.S. in the 1st quarter of 2023. The industry employs 8.0 million employees and creates nearly $2.1 trillion worth of structures each year.

Leave A Comment

Fields (*) Mark are Required