Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 3.1 % over the past five years, to reach an estimated $145.4bn in 2025.
Trends and Insights
Infrastructure construction has boosted contractors
- Contractors have benefited from a significant uptick in government funding for infrastructure. Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grants and the Infrastructure Investment and Jobs Act have given state and local governments the financial flexibility to fund infrastructure projects.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Infrastructure construction to continue providing growth
- According to the Department of Transportation, as of February of 2025, just 35.3% of the announced grants for Infrastructure Investment and Jobs Act funding were allocated. Given that a considerable amount of funding is still available, excavation contractors could see a solid boost in growth if allocated funding is dispersed.
Biggest companies in the Excavation Contractors in the US
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Brandenburg Industrial Service Company | 87.8 | 6.7 | 7.7 | |
Condon-Johnson & Associates, Inc. | 40.1 | 3.1 | 7.7 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Excavation work for residential buildings, Excavation work for nonresidential buildings and Foundation digging. Excavation work for residential buildings is the largest segment of the Excavation Contractors in the US.
Trends and Insights
Nonbuilding construction excavation has been the primary growth driver
- This service focuses on excavation for structures not designed for continuous human occupancy, including bridges, dams, tunnels, transmission towers and other infrastructure projects. These excavations often involve unique challenges based on the specific structure's requirements. The work may include creating tower foundations, digging tunnel pathways, or preparing sites for large infrastructure. These projects typically require specialized equipment and techniques to address the unique engineering challenges of each nonbuilding structure
- More insights available in the full report
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
EarthmovingExcavatingGround de-wateringLand clearingLeveling and gradingRemoving overburdenTrench diggingFoundation drillingDrilling of shaftsCompanies
Brandenburg Industrial Service CompanyCondon-Johnson & Associates, Inc.Purchase this report to view all 2 major companies in this industry.
Related Terms
AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA)OVERBURDENEXCAVATIONWORD-OF-MOUTH REFERRALSTENDERIndustry Code
NAICS 238910 - Excavation Contractors in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The boost in infrastructure funding has been a major win for contractors. With increased budgets from initiatives like RAISE and the Infrastructure Investment and Jobs Act, t...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Trenching work has buoyed the performance of contractors. The Infrastructure Investment and Jobs Act has increased road construction requiring excavation contractors' service...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2025
- Product innovation level
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Southeast is a hot spot for excavation services thanks to rapid urban expansion and frequent hurricanes. With cities like Miami and Orlando growing and storms wreaking ha...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each state in 2025
- Number and share of revenue each state accounts for in 2025
- Number and share of wages each state accounts for in 2025
- Number and share of employees in each state in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Reputation plays a crucial role in securing new contracts. Companies often win projects by maintaining long-term relationships with developers. Preference is typically given ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
No company has amassed more than 5.0% of the market. Few companies operate on a national scale, with excavation contractors often competing within a limited area and scope of...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of Brandenburg Industrial Service Company's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Condon-Johnson & Associates, Inc.'s performance by revenue, market share and profit margin from 2019 through 2025
Detailed analysis
- Description and key data for Brandenburg Industrial Service Company, and factors influencing its performance in the industry
- Description and key data for Condon-Johnson & Associates, Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Elevated government spending has supported the performance of excavation contractors. Infrastructure and other nonbuilding spending through the Infrastructure Investment and ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Labor shortages have led to surging wage costs, forcing contractors to hike wages to attract and retain workers. Higher wage costs have contributed to profit declines.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Industry Multiples (2018-2023)
- Industry Tax Structure (2018-2023)
- Income Statement (2018-2023)
- Balance Sheet (2018-2023)
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Excavation Contractors industry in the United States in 2025?
The market size of the Excavation Contractors industry in the United States is $145.4bn in 2025.
How many businesses are there in the Excavation Contractors industry in the United States in 2025?
There are 241k businesses in the Excavation Contractors industry in the United States, which has grown at a CAGR of 0.5 % between 2020 and 2025.
How may import tariffs affect the Excavation Contractors industry in the United States?
The Excavation Contractors industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Excavation Contractors industry in the United States?
The Excavation Contractors industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Excavation Contractors industry in the United States grown or declined over the past 5 years?
The market size of the Excavation Contractors industry in the United States has been growing at a CAGR of 3.1 % between 2020 and 2025.
What is the forecast growth of the Excavation Contractors industry in the United States over the next 5 years?
Over the next five years, the Excavation Contractors industry in the United States is expected to grow.
What are the biggest companies in the Excavation Contractors industry in the United States?
The biggest companies operating in the Excavation Contractors industry in the United States are Brandenburg Industrial Service Company and Condon-Johnson & Associates, Inc.
What does the Excavation Contractors industry in the United States include?
Earthmoving and Excavating are part of the Excavation Contractors industry in the United States.
Which companies have the highest market share in the Excavation Contractors industry in the United States?
The company holding the most market share in the Excavation Contractors industry in the United States is Brandenburg Industrial Service Company.
How competitive is the Excavation Contractors industry in the United States?
The level of competition is moderate and steady in the Excavation Contractors industry in the United States.
Related Industries
Widen your competitive advantage with related industries
Competitors
Complementors
- There are no industries to display.
View all industries in United States
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
