NAICS 2362 - Nonresidential Building Construction
This industry group comprises establishments primarily responsible for the construction (including new work, additions, alterations, maintenance, and repairs) of nonresidential buildings. This industry group includes nonresidential general contractors, nonresidential operative builders, nonresidential design-build firms, and nonresidential project construction management firms.
Industry trends:
The Nonresidential Building Construction industry (NAICS 2362) is currently experiencing a number of qualitative trends that are shaping its landscape. One key trend is the increasing emphasis on sustainability and green building practices. Companies are integrating eco-friendly materials and energy-efficient designs to meet growing regulatory requirements and consumer demand for sustainable infrastructure.
Another significant trend is the adoption of advanced technologies, such as Building Information Modeling (BIM) and digitization tools, which are enhancing project planning, efficiency, and collaboration. This technology integration is expected to continue, fostering innovation and improving project outcomes.
The labor market in the industry is also undergoing a transformation, with a focus on upskilling and attracting younger talent to address the workforce shortages. Companies are investing in training programs and partnerships with educational institutions to build a more skilled workforce.
In terms of forecasts, the demand for nonresidential construction is projected to remain robust, driven by investments in infrastructure, commercial projects, and industrial facilities. However, supply chain disruptions and cost inflation for raw materials could pose challenges. Overall, the industry is poised for moderate growth, with a strong emphasis on sustainability, technological advancement, and workforce development shaping its future trajectory.
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.