Industries
Posted on July 1, 2015
Tags: Economics
1 Architectural & Engineering
- plan and design residential and nonresidential buildings and structures as well as apply engineering principles to design and develop systems and structures
- AECOM, HDR, Jacobs, KBR, Fugro(NL), Nikken Sekkei(JP), Wood PLC(UK), Worley(AUS)
- Global: Construction output will reach $15.5T by 2030
- US: $310Billion / 115,000
- Expected Growth: 4% YOY
- Indicators:
- US corporate profit: down 0.7%, 2023 Q3 vs 2022 Q3
- US non-residential construction spending: up 17.6% YTD, Jan 24 vs Jan 23
- US personal income: up 4.8%, Jan 24 vs Jan 23
- US residential construction spending: down 5.7% YTD, Jan 24 vs Jan 23
- US total revenue for arch, engineering related services: up 5.7%, 2024 Q4 vs 2023 Q4
2 Architectural & Structural Metals Manufacturing
- manufacture metal framed windows and doors, sheet metal work, ornamental or architectural metal products, prefabricated metal buildings, and structural metal and metal plate work products
- Cornerstone Building Brands, Gibraltar Industries, Valmont Industries, Arconic, Nucor, US Steel, ArcelorMittal(Lux), China Baowu Steel Group, JFE Steel(JP), Nippon Steel(JP), Tata Steel(IND)
- Global: structural steel sales are expected to rise by about 5.5% per year, to exceed $155B by 2030
- US: $90Billion / 13000
- Expected Growth(EG): 3% YOY
- Indicators:
- https://fred.stlouisfed.org/series/U32SNO
- https://fred.stlouisfed.org/series/TLNRESCONS
- https://fred.stlouisfed.org/series/WPU1017
3 Architectural Services
- plan and design residential, institutional, leisure,industrial buildings/spaces, landscapes.
- Gensler, HDR Inc, and Perkins&Will (all based in the US); as well as IBI Group (Canada); Nikken Sekkei (Japan); and Woods Bagot (Australia).
- Global: market for architectural services is projected to expand at a compound annual growth rate (CAGR) of about 5% from 2023 to 2030
- US: $42Billion / 27000
- Expected Growth(EG): 4% YOY
- Indicator:
- https://fred.stlouisfed.org/series/REV5413TAXABL144QNSA
4 Building Material Dealers
- retail sales of new building materials and supplies
- Home Depot, Lowe’s, and Menards (all based in the US), as well as Beijing Easyhome Investment Holdings Group and Red Star Macalline (both based in China), Home Improvement Hirose (Japan), Kingfisher (UK), Bauhaus and Tengelmann-owned OBI (both based in Germany).
- Global: expected to grow by $186.3 billion during between 2022 and 2027, with a compound annual growth rate of over 4%
- US: $304 billion / 57000 = 5.333M
- EG: 6.5% YOY
5 Cement & Concrete Product Manufacturing
- manufacture cement, ready-mix concrete, and concrete products such as blocks, pipes, and bricks.
- Martin Marietta, US Concrete, and Vulcan Materials (all based in the US), as well as Anhui Conch (China), Cemex (Mexico), CRH (Ireland), HeidelbergCement Group (Germany), and Holcim (Switzerland)
- Global: grow by around $469 billion during the forecast period of 2022 to 2027
- US: $58 billion / 8800 = 6.59M
- EG: 4% YOY
- Indicator:
- US durable goods manufacturers’ shipments of nonmetallic mineral products, an indicator of demand for cement and concrete materials
6 Commercial Real Estate Brokerage
- agents in the buying, leasing, and selling of commercial real estate
- CBRE, Cushman & Wakefield, JLL, and Newmark Knight Frank (all based in the US), as well as Colliers (Canada), Countrywide and Savills (both based in the UK), and E-House China Holdings
- Global commercial real estate investment volume fell by 47% year-over-year to $647 billion in 2023, according to CBRE.
- US: $112 billion / 120000 = 0.9333M
- EG: 6% YOY
- Indicator:
- The bank prime loan rate, which indicates changes in the rates available for real estate financing, was 8.50%
7 Commercial Real Estate Brokerage & Management
- agents in the buying, leasing and selling of commercial real estate, in addition to managing nonresidential properties for owners.
- CBRE, Cushman & Wakefield, Jones Lang LaSalle, and Newmark (all US-based), as well as Colliers International (Canada), Countrywide and Savills (both in the UK), and Mitsui Fudosan (Japan)
- Global market generated about $210 billion in 2020, and is expected to reach nearly $425 billion by 2030
- US: $27Billion / 18000 = 1.5M
- EG: 6% YOY
8 Construction Machinery Manufacturing
- manufacture construction machinery, surface mining machinery, and logging equipment.
- Caterpillar Inc and Terex (both based in the US), Atlas Copco (Sweden), Hyundai Doosan Infracore (South Korea), Hitachi Construction Machinery and Komatsu (both based in Japan), Liebherr Group (Germany), and Sany (China); along with the construction divisions of heavy equipment manufacturers CNH Industrial (UK), John Deere (US), and Volvo (Sweden).
- Global: $235 billion by 2030
- US: $30Billion / 750 = 40M
- Indicators:
- US durable goods manufacturers’ shipments of machinery
9 Drywall, Plaster, Acoustic & Insulation Contractors
- perform drywall and insulation work, including installation, maintenance, and repair
- APi Group, The Brock Group, Irex Contracting Group, KHS&S Contractors, Performance Contracting Inc, and United Subcontractors Inc.
- Global: ?? N/A
- US: $45Billion / 18000 = 2.5M
- EG: 7%
10 Electric Power Transmission, Distribution & Marketing
- own and operate high-voltage transmission lines and retail distribution systems, as well as intermediaries like energy dealers and brokers
- American Electric Power, Duke Energy, and Exelon (all based in the US), as well as EON (Germany), Federal Grid Company of Unified Energy System (Russia), SSE (Scotland), State Grid Corporation of China and China Southern Power Grid (both based in China), and TEPCO (Japan)
- Global: Growth primarily in Africa
- US: $340Billion / 8200 = 41.463M
- EG: 1%
11 Electrical Contractors
- install and maintain electrical wiring and equipment
- Bergelectric, EMCOR, IES Holdings, MYR Group and Rosendin Electric (all based in the US)
- Global: grow by 85% to $15.5 trillion by 2030
- US: $170Billion / 75000 = 10M
- EG: 7%
12 Engineering Services
- apply engineering principles to design and develop structures, systems, and processes
- AECOM, Bechtel, and Jacobs (all based in the US), along with Abengoa (Spain), Babcock and Wood (both based in the UK), SNC-Lavalin (Canada), and Worley (Australia)
- Global: $1.3 billion by 2027 at a growth rate of 3.3%
- US: $240Billion / 62000
- EG: 4.5%
13 Exterminating & Pest Control Services
- Eliminate pest
- US-based EcoLab, Terminix (owned by ServiceMaster), and Orkin (owned by Rollins), as well as the pest control operations of Anticimex (Sweden) and Rentokil Initial (UK)
- Global: $20 billion in 2021, at a compound annual growth rate (CAGR) of 5.25%
- US: $13Billion / 14000
- EG: 6%
14 Framing Contractors
- Wood(not steel) structural framing and sheathing of buildings.
- No companies dominate
- Global: ??? NA
- US: $20Billion / 12000
- EG: 7%
15 Heavy & Civil Engineering Construction
- construct highways, streets, and bridges; utility systems; and other heavy and civil engineering projects, including subdivisions of land.
- Bechtel, Fluor, Granite Construction, Kiewit, and The Walsh Group (all based in the US), as well as ACS Group (Spain), China State Construction (China), Skanska (Sweden), and VINCI (France).
- Global: Global construction output of all types is expected to reach $15 trillion by 2030
- US: $320Billion / 40000
- EG: 5%
16 Highway, Street & Bridge Construction Contractors
- construct highways, streets, roads, airport runways, sidewalks, and bridges
- AECOM, Bechtel, Granite Construction, and Kiewit (all based in the US), as well as Bouygues Construction and VINCI (both based in France), China Communications Construction Company (China), and Webuild (Italy).
- Global: China, for example, spend about $13.9 billion though investments and $45.6 billion through contracts
- US: $130Billion / 10000
17 Homeowner Associations
- US: $30Billion / 20000
18 Landscaping Services
- landscape care and maintenance services, as well as landscape design and construction
- Asplundh Tree Expert, BrightView Landscapes, Davey Tree, and TruGreen. Outside the US, major companies include Active Tree Services (Australia) and Idverde (France).
- US: $77Billion / 105000