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Canada Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Publisher GlobalData
Published Dec 28, 2022
Length 60 Pages
SKU # GBDT17718279

Description

Canada Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Summary

GlobalData expects the Canadian construction industry to expand by 1.7% in real terms this year, amid soaring energy prices and disruptions in the supply of key construction materials amid the Russia-Ukraine conflict. According to Statistics Canada, the construction industry’s value add grew by just 2% year on year (YoY) in the first nine months of the year, following an annual growth of 6.1% in 2021. During the same period, building activity is sluggish, with the investment in building construction falling by 3.6%, of which residential building construction fell by 5.4%, while non-residential building grew marginally by 0.9%.

Over the remainder of the forecast period, the industry is expected to register an annual average growth of 2.2% during 2023-26, supported by investment in housing, transport and energy infrastructure projects. The infrastructure sector will be supported by Federal and Local Government investment in upgrading the country’s transport infrastructure. In March 2022, the province of Ontario unveiled its 30-year transit plan to develop a transportation network focusing on building new highways, rail corridors and subway systems, as well as widening and expanding the existing highways. Over the next ten years, the government plans to spend CAD84.7 billion ($66.2 billion) on the 30-year transit plan. The energy sector will be supported by the government’s plan to reduce Greenhouse Gas (GHG) emissions by 40-45% by 2030 and to achieve net-zero GHG emissions by 2050.

The report provides detailed market analysis, information, and insights into the Canadian construction industry, including -
  • The Canadian construction industry's growth prospects by market, project type, and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Canadian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in Canada. It provides -
  • Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Canada, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

60 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 GlobalData Construction
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Canada, Key Economic Indicators
Table 3: Canada, Commercial Construction Output by Project Type (Real % Change), 2017-26
Table 4: Canada, Top Commercial Construction Projects by Value
Table 5: Canada, Industrial Construction Output by Project Type (Real % Change), 2017-26
Table 6: Canada, Top Industrial Construction Projects by Value
Table 7: Canada, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
Table 8: Canada, Top Infrastructure Construction Projects by Value
Table 9: Canada, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
Table 10: Canada, Top Energy and Utilities Construction Projects by Value
Table 11: Canada, Institutional Construction Output by Project Type (Real % Change), 2017-26
Table 12: Canada, Top Institutional Construction Projects by Value
Table 13: Canada, Residential Construction Output by Project Type (Real % Change), 2017-26
Table 14: Canada, Top Residential Construction Projects by Value
Table 15: Canada, Key Contractors
Table 16: Canada, Key Consultants
Table 17: Canada, Construction Output Value (Real, $ Million)
Table 18: Canada, Construction Output Value (Nominal, CAD Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: North America, Construction Output (Real % Change), 2020-26
Figure 2: Canada, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
Figure 3: Canada, COVID-19 Confirmed Cases
Figure 4: Canada, Risk Summary
Figure 5: Canada, Risk Regional Comparison
Figure 6: Canada, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
Figure 7: Canada, Construction Output Value, by Sector (Real, $ Million), 2017-26
Figure 8:Canada, Construction Value-Add (CAD Million, 2012 Constant Prices), Quarterly Average, Seasonally Adjusted at Annual Rates
Figure 9:Canada, Investment in Building Construction, in CAD Million, in Seasonally Adjusted Constant Prices
Figure 10:Canada, Value of Building Permits Issued, in Seasonally Adjusted Constant Prices, % Change YoY
Figure 11:Canada, Building Construction Prices Indices, 2017=100, % Change YoYs
Figure 12:Canada, Construction Employment, In Thousands, In Seasonally Adjusted Terms
Figure 13: Canada, Construction Projects Momentum Index
Figure 14: Region, Construction Projects Momentum Index
Figure 15: Canada, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 16: Canada, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17:Canada, Investment on Commercial Building Construction, in CAD Million, in Seasonally Adjusted Constant Prices
Figure 18: Canada, Value of Building Permits Issued for Commercial Buildings, in CAD Million, in Seasonally Adjusted Terms
Figure 19: Canada, Number of Non-Resident Visitors Entering the Country, In Thousands
Figure 20: Canada, Retail Trade Sales, in CAD Million
Figure 21: Canada, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 22: Canada, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Canada, Manufacturing Value-add (CAD Million, 2012 Constant Prices), Quarterly Average Seasonally Adjusted at Annual Rates
Figure 24: Canada, Investment on Industrial Building Construction, in CAD Million, in Seasonally Adjusted Constant Prices
Figure 25: Canada, Value of Building Permits Issued for Industrial Buildings, in CAD Million, in Seasonally Adjusted Terms
Figure 26: Canada, Sales Value of Goods Manufactured and New Orders of Manufacturing, in CAD Million
Figure 27: Canada, Merchandise Exports, in CAD Million
Figure 28: Canada, Industrial Building Construction Price Index, 2017=100
Figure 29: Canada, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
Figure 30: Canada, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Canada, Value-add of Civil Engineering and Other Construction Activities, (CAD Million, 2012 Constant Prices), Quarterly Average, Seasonally Adjusted at Annual Rates
Figure 32: Canada, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
Figure 33: Canada, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Canada, Capital Expenditure in the Oil and Gas Extraction Industries, in CAD Million, In Seasonally Adjusted Terms
Figure 35: Canada, Electric Power Generation, In GWh
Figure 36: Canada, Production of Crude Oil and Other Equivalent Products, YoY % Change
Figure 37: Canada, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
Figure 38: Canada, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 39: Canada, Investment on Institutional Building Construction, in CAD Million, In Seasonally Adjusted Terms
Figure 40: Canada, Institutional Building Permits Issued, In CAD Million, In Seasonally Adjusted Terms
Figure 41: Canada, Institutional Building Construction Price Index, 2017=100
Figure 42: Canada, Residential Construction Output by Project Type (Real, $ Million), 2017-26
Figure 43: Canada, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 44: Canada, Value-add of Residential Building, (CAD Million, 2012 Constant Prices), Quarterly Average, Seasonally Adjusted at Annual Rates
Figure 45: Canada, Investment on Residential Building Construction, in CAD Million, in Seasonally Adjusted Terms
Figure 46: Canada, Residential Building Permits Issued, in CAD Million, in Seasonally Adjusted Terms
Figure 47: Canada, New Housing Price Index, 2016=100
Figure 48: Canada, Housing Construction Started in Census Metropolitan Areas
Figure 49: Canada, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 50: Canada, Headquarters of Key Consultants (% of Total Project Pipeline)

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