Concrete Contractors in Canada
Amid fear of a housing bubble and tumbling commodity prices, reductions in residential and nonresidential construction expenditure has curbed demand for foundation work, thus curbing overall industry demand. Still, IBISWorld expects industry revenue to grow over the five years to 2017. Despite turbulent conditions, industry profit margins, measured as earnings before interest and taxes, are expected to expand during the current period. While demand has fluctuated in recent years, the pool of work for industry operators increased overall, leading to less price competition, and, in turn, improved profit margins. Over the five years to 2022, industry growth will weaken as investor's hesitancy reduces residential construction expenditure and available contracts dry up.
Establishments in this industry primarily pour, build and finish concrete foundations and structural elements such as retaining walls and private driveways and walks. Industry operators also perform grout and shotcrete work. The work performed may include new work, additions, alterations, maintenance and repairs.
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