Drywall, Plaster, Acoustic & Insulation Contractors
Competitive Landscape
Demand is driven heavily by new building construction. The profitability of individual companies depends on a steady volume of work, accurate job estimating, and good cost controls. Large companies have an advantage in bidding on large jobs. Small companies can compete effectively by specializing in either residential or commercial work. Residential contractors have competition from a large number of independent workers. The industry is labor-intensive: average annual revenue per employee is about $120,000.
Opportunities
Remodeling Market - The remodeling market is estimated to be more than $350 billion within the next decade. This segment is almost entirely in the hands of small...
Business Challenges
Revenue Depends Highly on Construction Activity - Residential and commercial construction levels can vary sharply from year to year. For example, US nonresidential construction spending declined 15 percent between 2008 and 2009...