TOP 20 Construction SubIndustry Q3/2023

#20 Residential Building Construction

Description: The Residential Building Construction industry involves the construction, renovation, and development of residential buildings such as single-family homes, apartment complexes, and condominiums. Key players in this industry include construction firms, real estate developers, and architectural firms. The primary audience for this industry is homeowners and individuals looking to invest in residential properties. The industry is prominently active in countries such as the United States, China, India, and Brazil, where there is a high demand for housing. Residential building construction has been a significant sector for many years, but it experienced major changes and growth during the post-World War II housing boom and the subsequent urbanization trends. This industry is noteworthy for future opportunities due to the increasing global population, urbanization, and the need for sustainable and affordable housing solutions.

#19 Other Specialty Trade Contractors

Description: Other Specialty Trade Contractors is a diverse industry within the construction sector that encompasses various skilled trades and services. This industry includes companies engaged in specialized construction activities, such as electrical, plumbing, heating, ventilation, air conditioning, painting, carpentry, and landscaping. Key players in this industry range from small local contractors to large national or international corporations. The primary audience for these services includes residential, commercial, and industrial property owners, as well as government entities and construction project managers. This industry is prominently active worldwide, with significant activity in North America, Europe, and Asia. Other Specialty Trade Contractors became significant in the early 20th century with the growth of the construction industry and the increasing demand for specialized services. It has experienced major changes due to technological advancements, evolving building codes, and sustainability requirements. This sector is noteworthy for future opportunities due to the ongoing need for renovation, repair, and maintenance services, as well as the growing demand for energy-efficient and sustainable construction practices.

#18 Concrete Product Manufacturing

Description: Concrete Product Manufacturing is a vital sector within the Construction industry. It encompasses companies that produce a wide range of concrete products used in construction projects. Key players in this industry include major manufacturers such as LafargeHolcim, HeidelbergCement, and CRH. The primary audience for concrete products includes construction companies, contractors, and infrastructure developers. This industry is prominently active and relevant in regions with high construction activity, such as North America, Europe, and Asia-Pacific. Concrete Product Manufacturing became significant in the early 20th century with the advent of modern construction techniques and has since experienced major technological advancements, such as the use of specialized additives and precast concrete. It is a noteworthy sector for future opportunities due to the growing demand for sustainable and innovative construction materials, as well as the continuous infrastructure development worldwide.

#17 Commercial And Institutional Building Construction

Description: Commercial and Institutional Building Construction is a thriving sector within the larger construction industry. It involves the construction of non-residential buildings such as office spaces, retail centers, schools, hospitals, and government facilities. Key players in this industry include construction companies, architectural firms, engineering firms, and real estate developers. The industry is prominently active in urban areas where there is a high demand for commercial and institutional buildings. It has experienced major changes and growth over the years, with significant advancements in construction technology, sustainability practices, and design trends. This sector is noteworthy for future opportunities due to the increasing global urbanization, the need for modern infrastructure, and the growing emphasis on sustainable and energy-efficient buildings. It presents lucrative prospects for companies to innovate, collaborate, and cater to the evolving needs of businesses, institutions, and communities.

#16 Building Finishing Contractors

Description: The Building Finishing Contractors industry is a vital sector within the construction industry. It encompasses companies involved in a wide range of activities, including painting, drywall installation, flooring, and electrical and plumbing work, among others. Key players in this industry include both large multinational corporations and small local businesses. The audience for these contractors consists of both residential and commercial clients, as well as property developers and construction firms. Building Finishing Contractors are prominently active in urban areas and major cities worldwide, where construction projects are abundant. The industry has experienced significant growth and major changes in recent years, driven by technological advancements and an increased focus on sustainability. This sector is noteworthy for future opportunities due to the ongoing demand for infrastructure development, renovation projects, and the increasing need for energy-efficient and eco-friendly building solutions.

#15 Highway, Street, And Bridge Construction

Description: Highway, Street, and Bridge Construction is a prominent sector within the Construction industry. With a workforce of approximately 1.2 million employees, this industry focuses on the planning, design, and construction of highways, streets, bridges, and related infrastructure. Key players in this sector include major construction companies, civil engineering firms, and government agencies responsible for transportation infrastructure. This industry is prominently active in countries around the world, particularly in developed nations with extensive transportation networks. Major changes and advancements in highway, street, and bridge construction have occurred throughout history, with significant milestones including the development of modern road construction techniques and the implementation of advanced materials and technologies. This sector is noteworthy for future opportunities due to the continuous need for infrastructure improvement and expansion, driven by population growth, urbanization, and the demand for efficient transportation systems. As governments invest in infrastructure projects, there is a significant potential for growth, innovation, and job creation in this industry.

#14 Building Equipment Contractors

Description: The Building Equipment Contractors industry comprises companies involved in the installation, repair, and maintenance of various equipment and systems in the construction sector. With approximately 5.7 million employees, this industry plays a vital role in the overall construction industry. Key players in this sector include companies specializing in electrical, plumbing, heating, ventilation, and air conditioning (HVAC) systems, as well as those involved in elevator and escalator installation, fire protection systems, and telecommunications infrastructure. The industry is prominently active in urban areas and regions with high construction activity, such as major cities and developing economies. Over the years, this industry has experienced significant growth and major changes due to advancements in technology, regulations, and sustainability practices. With the increasing demand for infrastructure development and building renovations, the Building Equipment Contractors industry presents noteworthy opportunities for future growth and innovation in construction-related sectors.

#13 Foundation, Structure, And Building Exterior Contractors

Description: The Foundation, Structure, And Building Exterior Contractors industry is a vital sector within the broader construction industry. It encompasses companies involved in the construction, repair, and maintenance of foundations, structures, and exterior components of buildings. Key players in this industry include general contractors, subcontractors, and specialized firms that focus on areas such as concrete work, masonry, roofing, and siding. The primary audience for these services consists of commercial and residential property owners, real estate developers, and government entities. This industry is prominently active worldwide, with significant activity in countries like the United States, China, India, and Germany. The Foundation, Structure, And Building Exterior Contractors industry has experienced major changes in recent years due to advancements in construction technology, sustainability requirements, and an increasing emphasis on energy-efficient building practices. The demand for infrastructure development, urbanization, and renovation projects presents significant growth opportunities in this sector. With a vast workforce and substantial revenue generation, this industry plays a critical role in shaping the built environment and presents ample potential for future investments and innovation.

#12 Foundation, Structure, And Building Exterior Contractors

Description: The Foundation, Structure, And Building Exterior Contractors industry is a vital sector within the Construction industry. It encompasses companies that specialize in constructing foundations, structural components, and exterior finishes of buildings. Key players in this industry include construction companies, contractors, and subcontractors that provide services such as concrete work, masonry, roofing, siding, and insulation. The industry is prominently active in both residential and commercial construction projects worldwide. Over the years, this sector has experienced significant growth and transformation, especially with advancements in construction technology and sustainability practices. The Foundation, Structure, And Building Exterior Contractors industry present noteworthy opportunities for future growth and innovation, as the demand for infrastructure development and sustainable building solutions continues to rise globally.

#11 Nonresidential Building Construction

Description: The Nonresidential Building Construction industry is a key sector within the broader Construction industry. It involves the construction of commercial, industrial, and institutional buildings, excluding residential properties. The industry is comprised of various key players, including large construction companies, engineering firms, architectural firms, and building material suppliers. The primary audiences for this industry are businesses and organizations in need of new or renovated nonresidential buildings, such as offices, factories, warehouses, hospitals, schools, and government facilities. The industry is prominently active and relevant worldwide, with significant construction projects taking place in major cities and urban areas across the globe. Nonresidential building construction has been a significant sector for many years, but it experienced major changes and growth in the post-World War II era, as economic development and urbanization led to increased demand for commercial and institutional buildings. This sector is noteworthy for future opportunities due to ongoing urbanization, population growth, and the need for sustainable and energy-efficient buildings. With the rising focus on green construction and smart buildings, the nonresidential building construction industry is poised for continued growth and innovation.

#10 Prefabricated Wood Building Manufacturing

Description: The Prefabricated Wood Building Manufacturing industry is a subset of the Construction industry that specializes in the production of pre-engineered wood components and panels for construction projects. Key players in this industry include major manufacturers such as Katerra, Lendlease, and Skanska, as well as smaller companies specializing in specific regions or types of prefabricated wood buildings. The primary audience for these manufacturers includes construction companies, architects, and developers who seek cost-effective, sustainable, and time-efficient building solutions. This industry is prominently active in North America, Europe, and Asia-Pacific regions, where the demand for affordable housing, commercial buildings, and sustainable construction practices is high. The industry has experienced significant growth and innovation in recent years, particularly as advancements in technology and design have made prefabricated wood buildings more appealing and competitive compared to traditional construction methods. With the increasing focus on sustainability and off-site construction, the prefabricated wood building manufacturing sector presents noteworthy opportunities for future growth and development.

#9 Manufactured Home (Mobile Home) Manufacturing

Description: The Manufactured Home Manufacturing industry is a sector within the Construction industry that specializes in the production of mobile homes. Key players in this industry include companies such as Clayton Homes, Cavco Industries, and Champion Home Builders. The primary audience for manufactured homes includes individuals and families seeking affordable housing options, as well as retirees looking for downsized living arrangements. This industry is prominently active in the United States, where it has experienced significant growth and market demand. The Manufactured Home Manufacturing industry became particularly significant in the mid-20th century as a result of increased suburbanization and the need for affordable housing solutions. It continues to be a noteworthy sector for future opportunities due to the growing demand for affordable housing, advancements in modular construction technology, and the potential for sustainable and energy-efficient home designs.

#8 Land Subdivision

Description: The Land Subdivision industry is a subsector of the Construction industry that focuses on dividing large land parcels into smaller lots for various purposes such as residential, commercial, or industrial development. Key players in this industry include construction companies, real estate developers, land surveyors, and urban planners. The audience for this industry includes potential homebuyers, investors, and local governments. Land subdivision is prominently active in urban and suburban areas where there is a demand for new residential and commercial spaces. This industry became significant in the mid-20th century as urbanization and population growth led to the need for more housing and infrastructure. The Land Subdivision industry is noteworthy for future opportunities due to the ongoing urbanization trend, increasing demand for housing, and the potential for sustainable and smart city development.

#7 Prefabricated Metal Building And Component Manufacturing

Description: The Prefabricated Metal Building And Component Manufacturing industry involves the production of pre-engineered metal buildings and components that are designed for quick and efficient assembly. Key players in this industry include companies like Nucor Corporation, BlueScope Buildings, and Kirby Building Systems. The primary audience for these prefabricated metal buildings and components are construction companies and contractors who require cost-effective and time-efficient solutions for various building projects, such as commercial structures, warehouses, and industrial facilities. This industry is prominently active in countries like the United States, China, and Germany, where there is a high demand for efficient construction solutions. The industry has experienced significant growth and major changes in recent years as a result of advancements in technology, such as computer-aided design (CAD) and automation in manufacturing processes. Prefabricated metal buildings offer several advantages, including reduced construction time, cost savings, and sustainability. With the increasing need for rapid construction and sustainable building practices, the Prefabricated Metal Building And Component Manufacturing industry presents noteworthy opportunities for future growth and innovation.

#6 Nonmetallic Mineral Mining And Quarrying

Description: The Nonmetallic Mineral Mining And Quarrying industry is a crucial sector within the Construction industry. It involves the extraction of nonmetallic minerals and rocks from the earth, which are primarily used as raw materials in various construction and manufacturing processes. Key players in this industry include global mining companies such as BHP Group, Rio Tinto, and Vale, as well as regional and local quarrying companies. The industry is prominently active in regions with abundant mineral deposits, such as North America, Asia-Pacific, and Europe. It has experienced significant growth and changes over the years, with advancements in mining technologies and increasing environmental regulations shaping the industry's practices. The Nonmetallic Mineral Mining And Quarrying industry is noteworthy for future opportunities due to the ongoing global demand for construction materials, infrastructure development, and the growing focus on sustainable mining practices.

#5 Water, Sewage And Other Systems

Description: The Water, Sewage And Other Systems industry is a vital sector within the Construction industry. It involves the design, construction, and maintenance of various systems related to water supply, sewage disposal, and other related infrastructure. Key players in this industry include engineering and construction companies, utility providers, and government agencies. The industry is prominently active in both urban and rural areas, with a focus on ensuring clean and safe water supply and efficient sewage management. Major changes in this industry occurred during the industrial revolution and the subsequent urbanization, which led to the development of extensive water and sewage systems. This industry is noteworthy for future opportunities due to the increasing global demand for improved water and sanitation infrastructure, as well as the growing emphasis on sustainability and water conservation.

#4 Highway, Street, And Bridge Construction

Description: The Highway, Street, And Bridge Construction industry is a vital sector within the broader Construction industry. It encompasses the construction, maintenance, and repair of highways, streets, bridges, and other transportation infrastructure. Key players in this industry include large construction companies, engineering firms, and government agencies at various levels. This sector is prominently active in countries with extensive transportation networks, such as the United States, China, India, and Germany. The industry has experienced significant growth and major changes over the past few decades with the increasing demand for improved infrastructure and the development of advanced construction technologies. With the continuous need for infrastructure development and the increasing focus on sustainable transportation systems, the Highway, Street, And Bridge Construction industry presents noteworthy opportunities for future growth and innovation.

#3 Other Miscellaneous Manufacturing

Description: Other Miscellaneous Manufacturing is a diverse industry within the Construction sector that encompasses a wide range of products and processes. It includes companies involved in the manufacturing of various miscellaneous products such as signs, prefabricated buildings, concrete products, and other specialized construction materials. Key players in this industry include companies like 3M, Caterpillar, Honeywell International, and United Technologies Corporation. The audience for this industry primarily consists of construction companies, contractors, architects, and government agencies. Other Miscellaneous Manufacturing is prominently active in regions with high construction activity such as North America, Europe, and Asia. Over the years, this industry has experienced significant growth and major advancements due to technological innovations and increasing demand for sustainable construction materials. With the ongoing development of infrastructure projects and the need for customized construction solutions, Other Miscellaneous Manufacturing presents noteworthy opportunities for future growth and expansion.

#2 Utility System Construction

Description: The Utility System Construction industry specializes in the construction and maintenance of essential utility systems such as water, gas, electricity, and telecommunications. Key players in this industry include large construction companies, utility providers, and infrastructure development firms. The primary audience for utility system construction includes government agencies, utility companies, and private developers. This industry is prominently active in both urban and rural areas worldwide, as utility systems are critical for residential, commercial, and industrial purposes. Utility system construction became significant in the early 20th century as the demand for electricity and other utilities increased with industrialization and urbanization. Major changes and advancements in this industry have occurred in recent decades due to technological advancements and the need for sustainable and resilient infrastructure. The Utility System Construction industry is noteworthy for future opportunities due to the growing demand for renewable energy systems, smart grid technologies, and the need to upgrade aging utility infrastructure for improved efficiency and reliability.

#1 Residential Remodelers

Description: The Residential Remodelers industry is a subsector of the Construction industry that focuses on renovating and remodeling residential properties. Key players in this industry include construction companies, contractors, architects, designers, and suppliers of building materials. The audience for this industry consists of homeowners who are looking to upgrade or modify their properties. The Residential Remodelers industry is prominently active in urban and suburban areas where there is a high demand for housing renovations. This industry has experienced significant growth in recent years due to the increasing number of homeowners investing in home improvement projects. It became particularly significant after the housing market crash in 2008, as homeowners opted for remodeling their existing homes instead of purchasing new ones. The Residential Remodelers industry is a noteworthy sector for future opportunities due to the continuous demand for home renovations and the potential for technological advancements in construction methods and materials.

The construction industry is experiencing significant changes, with automation adoption on the rise and sustainability becoming a key concern.

These findings have major implications for companies in this sector, as they present opportunities for innovation and a growing need for sustainable practices.

Looking ahead, the industry is expected to continue expanding, with increased investments in technology and a strong emphasis on environmentally responsible practices.

Readers are encouraged to stay informed about industry trends, consider investment opportunities, and explore ways to contribute to sustainable growth in this dynamic sector.

In this ever-evolving landscape, embracing innovation, sustainability, and responsible leadership is crucial for success in the construction industry.