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Site Preparation Contractors Global Market Report 2024 - By Report, Size, Share And Demand, Outlook By 2033
Site Preparation Contractors Market
As per the report, the site preparation contractors market size has grown strongly in recent years. It will grow from $291.98 billion in 2023 to $312.87 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. 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%.
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Rise In Construction Sector To Drive Market Growth
The increasing construction spending is expected to propel the growth of the site preparation contractor market going forward. Construction spending is an economic indicator that tracks monthly expenses on new construction and includes a variety of construction-related expenditures such as manpower, materials, and infrastructure work. As the need for new construction projects increases, the construction spending increases, creating more opportunities for site preparation contractors. Additionally, rapid urbanization has also favored increased construction spending. For instance, according to a statistical report published in March 2023 by the United States Census Bureau, a US-based agency of the U.S. Federal Statistical System, the total construction spending in the United States grew from $1.54 trillion in November 2020 to $1.84 trillion in November 2022, reflecting a 16.3% rise. Therefore, the rise in the construction sector will drive the site preparation contractor market.
Technological Advancements Driving Innovation In Site Preparation Contractors Market
Technological advancements are a key trend gaining popularity in the site preparation contractor market. Many contractors are adopting digital tools such as analytics software, drones, GPS, and 3D modelling software to better plan and execute projects. This has led to improved accuracy, reduced costs, and faster project completion times. For instance, in December 2022, Eyrus Inc., a US-based software business, launched Eyrus Evolved, an end-to-end solution to assist general contractors to make better decisions about progress, risk, and safety. The new technology features an easy-to-use, non-intrusive system that offers full workforce data and analytics in real-time via a consolidated workforce database. Eyrus enables project teams to proactively adapt in dynamic project settings to favorably affect schedule, safety, and cost. The Eyrus platform decreases project administrative overhead by 25% by automating essential operations such as worker on boarding, project timekeeping, and compliance reporting through the integration of construction IoT (Internet of Things) technology.
The site preparation contractors market covered in this report is segmented -
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
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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. .
Contents of the report:
1. Executive Summary
2. Site Preparation Contractors Market Report Structure
3. Site Preparation Contractors Market Trends And Strategies
4. Site Preparation Contractors Market - Macro Economic Scenario
5. Site Preparation Contractors Market Size And Growth
…..
27. Site Preparation Contractors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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