Special trade contractors primarily engaged in concrete work, including portland cement and asphalt. This industry includes the construction of private driveways and walks of all materials. Concrete work incidental to the construction of foundations and concrete work included in an excavation contract are classified in Industry 1794; and those engaged in construction or paving of streets, highways, and public sidewalks are classified in Industry 1611.
The concrete work industry (NAICS 1771) has been experiencing several qualitative trends. One significant trend is the increasing adoption of sustainable practices and green technologies. Companies are focusing on reducing their carbon footprint by using eco-friendly materials, such as recycled aggregates and low-carbon cement. This shift is driven by regulatory pressures and growing consumer demand for environmentally responsible construction.
Another key trend is the integration of technology in concrete work. The use of Building Information Modeling (BIM) and advanced software solutions for project management enhances precision and efficiency. Additionally, innovations in concrete formulations, such as self-healing concrete and ultra-high-performance concrete, are gaining traction, offering improved durability and performance.
The industry is also witnessing a labor shortage, which is pushing companies to invest in automation and robotics. Automated machinery for tasks like mixing, pouring, and finishing concrete is becoming more common, helping to mitigate the impact of the skilled labor gap.
Looking ahead, the forecast for the concrete work industry suggests continued growth, driven by robust construction activity in residential, commercial, and infrastructure sectors. The emphasis on sustainability and technological advancements is expected to persist, further shaping the industry's landscape. Companies that adapt to these trends and invest in innovation are likely to gain a competitive edge in the near future.
Asphalting of private driveways and private parking areas-contractors
Blacktop work: private driveways and private parking
Concrete finishers-contractors
Concrete work: private driveways, sidewalks, and parking areas-
Culvert construction-contractors
Curb construction-contractors
Foundations, building of: poured concrete-contractors
Grouting work-contractors
Gunite work-contractors
Parking lot construction-contractors
Patio construction, concrete-contractors
Sidewalk construction, except public-contractors
Stucco construction-contractors
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
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.
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.