NAICS 23541 - Masonry and Stone Contractors
This industry comprises establishments primarily engaged in masonry work, stone setting, and other stone work. The masonry work, stone setting, and other stone work performed includes new work, additions, alterations, and maintenance and repairs. Activities performed by establishments in this industry range from the construction of foundations made of block, stone, or brick to glass block laying; exterior marble, granite and slate work; and tuck pointing.
Industry trends:
The Masonry and Stone Contractors industry (NAICS 23541) is currently witnessing several qualitative trends driven by broader economic and environmental factors. One prominent trend is the increasing emphasis on sustainable and eco-friendly construction practices. Contractors are increasingly opting for recycled materials and energy-efficient techniques, aligning with the global push towards green building standards. Another notable trend is the integration of technology and automation in masonry work. The use of digital modeling tools, drones for site surveying, and even robotic masonry systems are enhancing precision and efficiency in the industry.
Additionally, there's a growing demand for skilled labor, which is being addressed through improved training programs and apprenticeship schemes. This trend is expected to continue as the industry seeks to bridge the skill gap and ensure quality craftsmanship. Customization and personalization are also increasingly coveted by clients, leading contractors to offer more bespoke services, catering to unique design preferences and requirements.
Looking ahead, the near future of the industry appears promising, with forecasts indicating stable growth fueled by residential and commercial construction booms. Public infrastructure projects are also set to provide significant opportunities. However, contractors may face challenges such as fluctuating material costs and supply chain disruptions. Overall, innovation, sustainability, and skill development will be pivotal in shaping the future trajectory of the Masonry and Stone Contractors industry.
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
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.