Demolition & Wrecking in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS 23891bRevenue
$9.7bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
24,025
Businesses
4,566
Wages
$X.Xbn
Demolition & Wrecking in the US industry analysis
The values of new residential and nonresidential construction directly contribute to demolition and wrecking demand. Demand for demolition and wrecking services has risen because of broad-based economic growth, a strong housing market and more significant construction activity. Still, due to COVID-19, all nonessential construction activity decreased in the first two quarters of 2020, which caused industry revenue to decline. Poor macroeconomic conditions in 2023 also constrained revenue growth. Still, industry-wide revenue has increased at a CAGR of 2.0% to $9.7 billion through the end of 2024, including an expected 3.3% increase in 2024.
Trends and Insights
- The real estate market has declined. The disruption of the COVID-19 pandemic and high interest rates have led to an overall decline in demand for demolition and wrecking companies to build new apartments and mixed-use commercial buildings.
- Total demolition is the main service offering and involves leveling an entire structure. Selective demolition involves demolishing only the interior of a building.
- The Southeast region leads despite struggles with fewer major cities with sufficient space to expand. It still leads the industry partly because it has less occupied land, offering potential.
- Competition is primarily based on price, reputation and range of services. Among contractors with comparable reputations and services, price differentiation is the deciding factor for a client.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.0 % over the past five years, to reach an estimated $9.7bn in 2024.
Trends and Insights
Trends in each major downstream market help revenue growth
- Heightened investment in the hot commercial real estate market stands to drive demand for demolition and wrecking to clear land for new construction.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Commercial activity supports growth
- In the coming years, demographic shifts, including a growing urban population, will contribute to expanding housing stock, spurring construction and demand for demolition services as old structures make way for the new.
Biggest companies in the Demolition & Wrecking in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Manafort Brothers Inc. | 56.8 | 4.2 | 7.4 | |
Arburg Holding GmbH + Co KG | 36.8 | 2.7 | 7.4 | |
O'Rourke Wrecking Company | 24.2 | 1.8 | 7.4 |
To view the market share and analysis for all 7 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 Other, Abatement and remediation and Total and selective demolition. Other is the largest segment of the Demolition & Wrecking in the US.
Trends and Insights
Total and selective demolition services endure economic uncertainty
- Total demolition involves leveling an entire structure, whereas selective demolition involves demolishing only the interior of a building.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Land Development in the US
- Excavation Contractors in the US
- Remediation & Environmental Cleanup Services in the US
- Housing Developers in the US
International industries
- Site Preparation Services in Australia
- Site Preparation Services in New Zealand
- Demolition in the UK
- Demolition & Site Preparation in Ireland
Table of Contents
About this industry
Industry definition
Operators in this industry primarily wreck and demolish buildings and structures and sometimes sell salvaged materials. Other industry services include clearing and recycling debris, interior strip-outs, handling asbestos and hazardous materials, remediating sites (decontamination and waste disposal) and cutting and exploding concrete. Excavation and land-clearing work is excluded from this industry.
What's included in this industry?
Predemolition planning and analysisTotal or selective demolition of buildings (e.g. offices, warehouses and apartments)Total or selective demolition of structures (e.g. sport stadiums and oil rigs)Demolition and rehabilitation of sites following fire or industrial explosionEnvironmental cleanupAsbestos removalSelective dismantling and facade preservation of historic buildingsImplosion demolition of buildings and structuresRemoval, disposal and sale of materials from demolition sites, including recyclingCompanies
Manafort Brothers Inc.Arburg Holding GmbH + Co KGO'Rourke Wrecking CompanyPurchase this report to view all 7 major companies in this industry.
Related Terms
ASBESTOS ABATEMENTDECONTAMINATIONBROWNFIELDSITE REMEDIATIONIndustry Code
NAICS 238910 - Demolition & Wrecking 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 real estate market has declined. The disruption of the COVID-19 pandemic and high interest rates have led to an overall decline in demand for demolition and wrecking comp...
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 (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- 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
Total demolition is the main service offering and involves leveling an entire structure. Selective demolition involves demolishing only the interior of a building.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
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 region leads despite struggles with fewer major cities with sufficient space to expand. It still leads the industry partly because it has less occupied land, of...
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 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
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
Competition is primarily based on price, reputation and range of services. Among contractors with comparable reputations and services, price differentiation is the deciding f...
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 2019-2024
- 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
Manafort Brothers dominates due to a better spread of services. The company offers various services, making it more desirable for large-scale work.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Manafort Brothers Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Arburg Holding GmbH + Co KG's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of O'Rourke Wrecking Company's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 4 additional companies
Detailed analysis
- Description and key data for Manafort Brothers Inc., and factors influencing its performance in the industry
- Description and key data for Arburg Holding GmbH + Co KG, and factors influencing its performance in the industry
- Description and key data for O'Rourke Wrecking Company, and factors influencing its performance in the industry
- Description, key data and performance trends for 4 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
OSHA requirements must be met before work begins. It requires specific structural engineering advice for demolition involving structural weakening and that a competent engine...
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 (2014-2029)
- Assistance historical data and forecast (2014-2029)
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
Construction industries exhibit intense upward pressure on wages due to tight labor markets for skilled and accredited employees. Demolition and wrecking companies hire third...
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 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
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 (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
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.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Demolition & Wrecking in the US industry in United States in 2024?
The market size of the Demolition & Wrecking in the US industry in United States is $9.7bn in 2024.
How many businesses are there in the Demolition & Wrecking in the US industry in 2024?
There are 4,566 businesses in the Demolition & Wrecking in the US industry in United States, which has grown at a CAGR of 1.6 % between 2019 and 2024.
Has the Demolition & Wrecking in the US industry in United States grown or declined over the past 5 years?
The market size of the Demolition & Wrecking in the US industry in United States has been growing at a CAGR of 2.0 % between 2019 and 2024.
What is the forecast growth of the Demolition & Wrecking in the US industry in United States over the next 5 years?
Over the next five years, the Demolition & Wrecking in the US industry in United States is expected to grow.
What are the biggest companies in the Demolition & Wrecking in the US market in United States?
The biggest companies operating in the Demolition & Wrecking market in United States are Manafort Brothers Inc., Arburg Holding GmbH + Co KG and O'Rourke Wrecking Company
What does the Demolition & Wrecking in the US in United States include?
Predemolition planning and analysis and Total or selective demolition of buildings (e.g. offices, warehouses and apartments) are part of the Demolition & Wrecking in the US industry.
Which companies have the highest market share in the Demolition & Wrecking in the US in United States?
The company holding the most market share in United States is Manafort Brothers Inc..
How competitive is the Demolition & Wrecking in the US industry in United States?
The level of competition is moderate and steady in the Demolition & Wrecking in the US industry in United States.
