Though revenue growth faltered in the beginning of the five-year period to 2016, the Commercial Building Construction industry has benefited from increased demand for office space since 2012. Tight credit markets, stubbornly high unemployment and limited consumer spending also contributed to the industry's slow growth. However, the downward slide in revenue has reversed since 2012, thanks to a spike in nonresidential construction and corporate profit, as well as sustained growth in consumer spending. As a result, industry revenue is expected to increase over the five years to 2016. Over the five years to 2021, demand from downstream markets is anticipated to remain strong, along with increasing corporate profit. These and other factors will contribute to industry revenue growth over the next five years.
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.