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January 23, 2025

Specialty Contracting Industry Report - Q4 2024

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Report Highlights

Elements Affecting Specialty Contracting Dynamics and Outlook in Q4 2024 and Beyond


  • The Specialty Contracting industry experienced a mixed Q4 due to labor shortages and economic climate. However, trends such as infrastructure investment, supply chain stability, and focus on sustainability will lead to growth in 2025 and beyond.
      • 77% of contractors reported an increased difficulty filling craft positions when compared to 2023. Robust demand in specific sectors are counterbalanced by these workforce shortages as well as higher material costs.
  • Government funding through the Infrastructure Investment and Jobs Act (IIJA) continues to drive growth through infrastructure projects. Highways, bridges, and public transit construction provides a significant, federally-funded opportunity for contractors.
      • Emerging construction activity derived from these federal grants will act as a driver in the coming years as the government increasingly funds infrastructure, energy, and housing projects.
  • As supply chains continue to stabilize, material costs will decrease, and supplier contracts will be renegotiated more favorably for contractors.
      • Increasing emphasis on sustainable construction practices has led to more firms integrating environmentally friendly materials and energy-efficient designs to meet client demands as well as regulatory requirements.

View the Full Report

Our Specialty Contracting Industry Report provides an overview of key trends and developments affecting the industry, covering market performance, economic indicators, and emerging opportunities.

Click the link to download the complete analysis.

Learn More

Reach out to Dinan Capital Advisors Managing Director Tom Gerlacher for more report insights.

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