Masonry in the US - Industry Research Report

Brick by brick: High wage costs will hinder profit growth for masonry work

Fluctuations in residential and nonresidential construction directly affect masonry contractors. The residential building construction market was a boon to masonry contractors through the end of 2023. Nonetheless, falling nonresidential construction activity offset gains in the residential market. Overall, industry-wide revenue declined at a CAGR of 0.3% to $33 billion over the past five years, including 1.1% in 2023.

Operators in the Masonry industry provide services such as stone setting, bricklaying, brick-to-glass block laying and exterior marble, granite and slate work. Industry activities also include additions, alterations, maintenance, repairs and new construction. This industry excludes businesses that pour, build and finish concrete foundations and structural elements.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.