Commercial Building Construction in the US
Revenue for the Commercial Building Construction industry has grown substantially over the five years to 2018, albeit from a low base value, which helps to contextualize this large growth. The construction sector as a whole began its recovery just prior to 2013, and this industry was no exception. An increase in per capita disposable income has facilitated an increase in consumer spending, which has supported downstream demand for the industry over the past five years. Industry revenue is anticipated to decelerate over the five years to 2023, largely due to a deceleration in the key drivers of this industry's activity. During this period, increases in corporate profit are expected to slow, while the value of private nonresidential construction is expected to also slow.
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.
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