Current Industry Analysis of Paving Contractors
Paving contractors are crucial to new home and community development, their businesses remain resilient and flexible in the time of market fluctuation. Many contractors are relying on maintenance needs for existing structures to have a consistent stream of work. Despite the looming effects of tariffs, paving contractors are solidifying their business ventures by having competitive rates and catering to multiple local markets.
“While residential construction activity boosted the performance of contractors in 2020 and 2021, rate hikes pushed down new residential construction. Industry revenue has been decreasing at a CAGR of 1.1% over the past five years to total an estimated $18.9 billion in 2025, including an estimated increase of 1.0% in 2025.”
