NAICS 23499 - All Other Heavy Construction
This industry comprises: (1) establishments primarily responsible for the entire construction (i.e., new work, reconstruction, or repairs) of heavy nonbuilding construction projects (except highway, street, bridge, tunnel, water lines, sewer lines, pipelines, power and communication transmission lines, and industrial nonbuilding structures); (2) establishments identified as all other heavy construction management firms; (3) establishments primarily engaged in construction equipment rental with an operator; and (4) establishments identified as special trade contractors engaged in activities related primarily to all other heavy construction. Typical projects constructed by establishments in this industry include athletic fields, dams, dikes, docks, drainage projects, golf courses, harbors, parks, reservoirs, canals, sewage treatment plants, water treatment plants, hydroelectric plants, subways, and other mass transit projects. Establishments in this industry may subcontract some or all of the actual construction work. Kinds of establishments include heavy construction general contractors, design builders, engineer-constructors, and joint-venture contractors.
Industry trends:
The "All Other Heavy Construction" industry, classified under NAICS 23499, is undergoing significant qualitative shifts driven by advancements in technology, evolving regulatory frameworks, and changing market dynamics. One key trend is the increased adoption of digital technologies and construction management software, which streamlines project management, enhances productivity, and reduces costs.
Sustainability is another critical trend, with contractors increasingly integrating green building practices and eco-friendly materials in response to rising environmental concerns and stricter regulations. This shift is not only promoting environmentally responsible construction but also opening new market opportunities, particularly in public infrastructure projects mandated by sustainable design standards.
Workforce dynamics are also evolving, with a growing emphasis on skilled labor and workforce training programs. As the industry faces a skilled labor shortage, companies are investing in training and development to build a more competent workforce capable of handling complex projects with advanced machinery and technology.
Looking ahead, the industry is expected to experience moderate growth driven by increasing infrastructure investments, particularly in transportation, utilities, and large-scale public works. However, economic uncertainties and fluctuations in material costs may pose challenges. Companies that can leverage technology, maintain compliance with regulatory changes, and invest in workforce development will be better positioned to capitalize on emerging opportunities.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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