Commercial Building Construction in Illinois
Revenue for Illinois' Commercial Building Construction industry has grown substantially over the five years to 2017, recovering from its lowest levels in over a decade. Falling unemployment and improving business sentiment among the consumer discretionary sector of the economy, along with accommodating interest rates maintained by the Federal Reserve, led many businesses to expand, directly increasing industry workload and revenue. Demand from key downstream markets is anticipated to moderate somewhat over the five years to 2022. While most of the particular set of macroeconomic ingredients necessary to facilitate industry growth are expected to persist during the outlook period, the industry will continue to face structural issues that plague Illinois' economy as a whole.
This industry includes those companies primarily responsible for work on the construction (i.e. new construction, additions, alterations, maintenance and repairs) of office, retail, hotel, agricultural and entertainment buildings. Participants are general contractors or project managers. This industry excludes institutional buildings (e.g. hospitals and schools), heavy industrial buildings (e.g. factories and power plants) or infrastructure (e.g. communications towers or oil pipelines).
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook