Masonry in the US Industry Market Research Report Now Available ...

Los Angeles, CA (PRWEB) June 23, 2012

The skilled services performed by the Masonry industry include brick and block laying; pointing, tuck pointing, cleaning and caulking masonry; building foundations using masonry products; and working with granite, marble and slate. This industry generates 45.0% of its annual revenue from work on residential construction, which commonly includes brick work on exterior wall siding and pavements. Another 32.0% of industry revenue derives from the laying of masonry and dimension stone on walls, facades and foyers in offices, retail stores and other commercial buildings. The balance comes from schools, hospitals and other municipal construction projects, and from non-building construction work, such as fences, dams and reservoirs. ?The industry has a fragmented structure and is made up of many small-scale, geographically dispersed contractors, with no major players holding a significant market share,? says IBISWorld industry analyst Sean Windle.

Masonry industry revenue is expected to increase 3.8% in 2012 to $ 26.6 billion. ?The recovery in demand for masonry and bricklaying services in the residential construction market is expected to gather momentum during the year and outweigh slower growth in demand from commercial builders, particularly from office building developers, which are dealing with high vacancy rates,? adds Windle. Even with an increase over the current year, industry revenue will contract at an estimated average annual rate of 3.9% over the five years to 2012. Demand for bricklaying and masonry services collapsed in the residential construction market after the housing bubble burst in the mid-2000s, with the number of housing starts falling at an average rate of 11.8% per year over the five years through 2012. Over the same period, the value of commercial building construction declined at an average of 13.4% per year. Municipal development fared better through the recession than commercial development due to the American Recovery and Reinvestment Act of 2009, which provided funds for local and state municipalities through 2012. The federal aid helped to ease some of the downturn in municipal construction, and helped cushion the blow to masonry operators struggling with plummeting demand in the residential and commercial construction sectors.

Looking ahead, a strong recovery in the residential and commercial building markets will positively affect industry performance. Over the five years to 2017, revenue is forecast to increase. During this time, competitive pressures are expected to ease and profit margins will widen. The new housing construction market is forecast to maintain accelerated growth as the economy recovers, stimulating demand for the many brick laying contractors that service regional housing markets. For more information, visit IBISWorld?s Masonry in the US industry report page.

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IBISWorld industry Report Key Topics

Operators in this industry are primarily engaged in masonry work including stone setting, brick laying, brick-to-glass block laying and exterior marble, granite and slate work. Activities in this industry include additions, alterations, maintenance, repairs and new construction.

Industry Performance
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Globalization & Trade
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Competitive Landscape
Market Share Concentration
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Cost Structure Benchmarks
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Major Companies
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About IBISWorld Inc.
Recognized as the nation?s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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