Demand for bricklaying and masonry services in the residential construction market collapsed during the recession, with the number of housing starts falling at double-digit rates. The value of private nonresidential construction and residential construction also experienced significant drops. Looking ahead, however, a strong recovery in the residential and commercial building markets will positively affect industry performance, causing revenue and profit to grow.
The Masonry industry provides 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 (see IBISWorld report 23811).
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.