Revenue for operators in the Excavation Contractors industry has registered a sharp increase over the past five years, supported by increasing demand from downstream construction industries. In particular, improvement in industry performance corresponded with the sharp increase in demand for excavation services in the expanding housing market and nonresidential building market. In the five years to 2020, demand for industry services is expected to continue increasing as downstream construction markets continue to expand. Both private residential and nonresidential building construction are expected to pick up during this period, while sustained growth in the infrastructure and public building construction markets is anticipated to remain steady through 2020.
This industry primarily excavates land for building construction. Activities include drilling shafts, foundation digging and drilling and grading. The excavation work performed includes new work, additions, alterations and repairs.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.