During the past five years, operators in the Heavy Engineering Construction industry have benefited from healthy government assistance in the form of stimulus spending and investment in local and regional infrastructure. More recently, however, the sharp decline in oil prices has depressed the investment client for heavy engineering projects, particularly in energy-producing regions. During the five years to 2021, industry operators will benefit from continued government funding and a more favourable investment climate. The New Building Canada Plan will provide federal funding and investment to heavy infrastructure projects through 2024. In addition, more private investment and the formation of public-private partnerships will spur private sector involvement in the industry.
This industry is engaged in heavy engineering construction projects, with the exception of highway, street and bridge construction. Work performed includes new construction, reconstruction, rehabilitation and repairs. The industry also includes specialty trade contractors if they primarily participate in activities related to engineering construction projects. Construction projects include water resources, development of marine facilities and open space improvement.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.