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Which Trades are the Most Profitable in the US?

May 1st 2023

One of the most profitable subcontractors in the United States is electrical contractors. The demand for electrical contractors has increased significantly in recent years due to the growth of the construction industry, as well as the increasing demand for renewable energy sources. According to data from IBISWorld, the electrical contracting industry in the United States generated $171 billion in revenue in 2022.

Another profitable subcontractor in the United States is plumbing contractors. Plumbing contractors are essential in the construction of new buildings and the renovation of existing ones. The plumbing contracting industry in the United States generated $110 billion in revenue in 2022, according to IBISWorld.

Heating, ventilation, and air conditioning (HVAC) contractors are also among the most profitable subcontractors in the United States. These contractors are responsible for installing and maintaining heating and cooling systems in buildings. The HVAC contracting industry in the United States generated $102 billion in revenue in 2022, according to IBISWorld.

General contractors, who oversee and manage construction projects, are also a profitable subcontractor in the United States. The general contracting industry in the United States generated $1.4 trillion in revenue in 2022, according to IBISWorld.

It is important to note that while these subcontractors have historically been profitable, the industry can be volatile and subject to changes in economic conditions. Subcontractors should always stay up to date on market trends and be prepared to adapt to changes in demand.