The U.S. excavation contractors industry has seen steady growth, with the number of businesses rising by 1.1% annually over the past five years. As of 2023, there are 234,318 excavation contractor businesses in the U.S., marking a 1.1% increase from 2022. This growth is fueled by ongoing construction projects across residential, commercial, and infrastructure sectors.

Looking ahead, the industry's trajectory will depend on various factors, including technological advancements, regulatory changes, and construction demand. To understand the future growth forecast, detailed analysis is available in industry reports.

For more in-depth information, visit the IBISWorld report.