In 2017, SMACNA members’ earnings comprised 62 percent of ENR magazine’s top 50 mechanical contractors’ $17.3 billion category. In 2016, SMACNA’s mechanical contractors’ share was 61 percent of $14.9 billion.
In 2017, SMACNA sheet metal contractors captured 70 percent of the $723 million Sheet Metal Division category. The total revenue of the sheet metal category shrunk from $1.2 billion in 2016 to $1 billion in 2017.
Fourteen SMACNA members made it into the top 20 sheet metal ranks in 2017; the same number as in 2016. Twenty-four SMACNA members comprise the top 50 mechanical contractors, the same as in 2016.
The Oct. 23, 2017 article also shared top specialty contractor executives’ opinions on industry conditions and trends.
Some industry trends include:
The market appears to remain strong through 2018.
Large specialty contractors are relying on acquisitions of other firms to boost market share.
As building envelopes become more complex, specialty contractors are seeking earlier involvement resulting in an extended design-assist period.
Contracts are becoming more onerous, requiring longer legal reviews and costs.
Retaining qualified people is the key to success and it has become increasingly difficult.