2025 Building Equipment Contractors Industry Report

Industry Overview

This industry group comprises establishments primarily engaged in installing or servicing equipment that forms part of a building mechanical system (e.g., electricity, water, heating, and cooling). The work performed may include new work, additions, alterations, maintenance, and repairs. Contractors installing specialized building equipment, such as elevators, escalators, service station equipment, and central vacuum cleaning systems, are also included.
Source: US Census Bureau

Market Size and Industry Forecast

The Building Equipment Contractors industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Building Equipment Contractors industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Building Equipment Contractors companies in the United States.

Distribution by Company Size

Company Size	All Industries	Building Equipment Contractors
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Building Equipment Contractors Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Building Equipment Contractors Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	5%
Chief Executives	0%
General and Operations Managers	2%
Office and Administrative Support Occupations	11%
Construction and Extraction Occupations	55%
Construction Trades Workers	45%
Electricians	22%
Electricians	22%
Insulation Workers	11%
Insulation Workers, Mechanical	9%
Pipelayers, Plumbers, Pipefitters, and Steamfitters	15%
Plumbers, Pipefitters, and Steamfitters	15%
Sheet Metal Workers	6%
Sheet Metal Workers	6%
Helpers, Construction Trades	5%
Helpers, Construction Trades	5%
Helpers--Electricians	7%
Other Construction and Related Workers	16%
Elevator Installers and Repairers	16%
Elevator Installers and Repairers	16%
Installation, Maintenance, and Repair Occupations	20%
Electrical and Electronic Equipment Mechanics, Installers, and Repairers	6%
Other Installation, Maintenance, and Repair Occupations	15%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers	11%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers	11%
Industrial Machinery Installation, Repair, and Maintenance Workers	8%
Millwrights	7%

Government Contracts

The federal government spent an annual total of $1,783,973,272 on the building equipment contractors industry. It has awarded 18,688 contracts to 5,106 companies, with an average value of $349,388 per company.

Top Companies in Building Equipment Contractors and Adjacent Industries

Company	Address	Revenue ($ Millions)