The site preparation contractors market size is expected to see strong growth in the next few years. It will grow to $420.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The expansion anticipated in the forecast period can be attributed to the adoption of sustainable construction practices, the implementation of renewable energy projects, urban redevelopment initiatives, government investments in infrastructure, and growth in commercial and industrial construction. Prominent trends expected in the forecast period encompass the utilization of diverse soil stabilization techniques, collaboration with ecosystem restoration efforts, adaptation to climate change challenges, support for prefabrication and modular construction, and increased government funding and infrastructure investments.
The site preparation contractor market is anticipated to experience growth driven by the increasing expenditure in construction projects. Construction spending, an economic indicator encompassing various expenses in new construction, such as labor, materials, and infrastructure work, is on the rise. The surge in construction projects creates ample opportunities for site preparation contractors. Rapid urbanization further contributes to increased construction spending. As highlighted in a statistical report by the United States Census Bureau in March 2023, construction spending in the United States grew from $1.54 trillion in November 2020 to $1.84 trillion in November 2022, marking a substantial 16.3% increase. Consequently, the growth in the construction sector is expected to propel the site preparation contractor market.
The expansion of infrastructure development is poised to be a significant driver for the site preparation contractor market. Site preparation contractors play a crucial role in infrastructure development, undertaking tasks such as land clearing, grading, excavation, and utility installation. With their involvement in diverse infrastructure projects, these contractors contribute to economic development and benefit from increased business opportunities. The Infrastructure Investment and Jobs Act (IIJA) in the United States, with a budget of $1.2 trillion announced in November 2021, is set to drive substantial improvements in roads, bridges, airports, railroads, clean water access, and broadband internet over the next decade. This substantial investment in infrastructure development is a key factor fueling the growth of the site preparation contractors market.
A noteworthy trend in the site preparation contractor market is the adoption of technological advancements. Contractors are increasingly incorporating digital tools such as analytics software, drones, GPS, and 3D modeling software for enhanced project planning and execution. This technological integration results in improved accuracy, cost reduction, and faster project completion. For example, Eyrus Inc., a US-based software business, launched Eyrus Evolved in December 2022 - an end-to-end solution offering real-time workforce data and analytics for better decision-making by general contractors. The platform utilizes construction IoT technology to automate operations, decreasing administrative overhead by 25%.
Major companies in the site preparation contractors market are focusing on the development of high-power tillers. Tillers, designed for soil preparation and cultivation, are gaining prominence. V.S.T Tillers Tractors Ltd., an India-based agricultural machinery company, launched the 95 DI Ignito Power Tiller in September 2021 - a 9 HP electric start power tiller suitable for tasks such as bund formation, de-weeding, and spraying. This innovation aims to enhance efficiency for small and marginal farmers.
In June 2022, LJA Engineering Inc., a US-based engineering consulting firm, acquired Innovative Land Consultants Inc., a move aimed at obtaining substantial expertise in project management, design, and land development planning. Innovative Land Consultants Inc. brings valuable services such as surveying, site design, and renderings to the portfolio of LJA Engineering Inc.
Major companies operating in the site preparation contractors market report are D H Griffin Wrecking Co. Inc., Angel Brothers Enterprises Ltd., Plateau Excavation Inc., Bristol Site Contractors LLC, Penhall International Corp., Sherwood Construction Co. Inc., Supreme Group Inc., Manafort Brothers Incorporated, Phillips & Jordan Inc., Ground Construction Ltd., Keller Inc., Keltbray Ltd., Controlled Demolition Inc., Modern Corporation, Fluor Corporation, Kiewit Corporation, Bechtel Corporation, Jacobs Engineering Group Inc., AECOM Technology Corporation, Chicago Bridge & Iron Company, Black & Veatch Corporation, WorleyParsons Limited, McDermott International Inc., Wood Group, CH2M Hill, SNC-Lavalin Group Inc., Stantec Inc., GHD Group, WSP Global Inc.
Asia-Pacific was the largest region in the site preparation contractors market in 2023. Asia-Pacific is expected to be the site preparation contractors market report fastest-growing region in the forecast period. The regions covered in the site preparation contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the site preparation contractors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary tools of site preparation contractors include walk-behind tillers, handheld trimmers, and handheld augers. Walk-behind tillers are tools powered by electricity or gas, employing a power-driven rotating motion to cut and blend soil. Various pieces of equipment, such as excavators, loaders, dump trucks, and others, are utilized for industrial, commercial, residential, and other applications by both residential and non-residential end users.
The site preparation contractors market research report is one of a series of new reports that provides site preparation contractors market statistics, including site preparation contractors industry global market size, regional shares, competitors with site preparation contractors market share, detailed site preparation contractors market segments, market trends, and opportunities, and any further data you may need to thrive in the site preparation contractors industry. This site preparation contractors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
Executive Summary
Site Preparation Contractors Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on site preparation contractors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for site preparation contractors? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Product: Walk Behind Tillers; Handheld Trimmers; Handheld Augers
2) By Equipment: Excavators; Loaders; Dump Trucks; Other Equipments
3) By Application: Industrial; Business; Services; Other Applications
4) By End-User: Residential; Non-Residential
Companies Mentioned: D H Griffin Wrecking Co. Inc.; Angel Brothers Enterprises Ltd.; Plateau Excavation Inc.; Bristol Site Contractors LLC; Penhall International Corp.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- D H Griffin Wrecking Co. Inc.
- Angel Brothers Enterprises Ltd.
- Plateau Excavation Inc.
- Bristol Site Contractors LLC
- Penhall International Corp.
- Sherwood Construction Co. Inc.
- Supreme Group Inc.
- Manafort Brothers Incorporated
- Phillips & Jordan Inc.
- Ground Construction Ltd.
- Keller Inc.
- Keltbray Ltd.
- Controlled Demolition Inc.
- Modern Corporation
- Fluor Corporation
- Kiewit Corporation
- Bechtel Corporation
- Jacobs Engineering Group Inc.
- AECOM Technology Corporation
- Chicago Bridge & Iron Company
- Black & Veatch Corporation
- WorleyParsons Limited
- McDermott International Inc.
- Wood Group
- CH2M Hill
- SNC-Lavalin Group Inc.
- Stantec Inc.
- GHD Group
- WSP Global Inc.