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
US Construction Market Report Overview
|Market Size (2022)
|· AECOM · Jacobs Solutions Inc · WSP Global Inc · HNTB Corp · STV Group Inc
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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 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
|The Turner Corp., New York, N.Y.
|Bechtel, Reston, Va.†
|Kiewit Corp., Omaha, Neb.†
|STO 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.