Industrial Building Construction in California
Following strong growth in trade and a boost in government investment in the state's mass-transit infrastructure, revenue for the Industrial Building Construction industry in California has increased over the five years to 2017. State government investments in mass transit systems have been a key contributor to industry growth. This trend, coupled with the fact that newer communities are being created due to sprawl, has pressured local governments to invest in expanding the state's mass-transit infrastructure. To this end, demand for industrial building construction services has increased. Over the next five years, IBISWorld forecasts that revenue will continue growing at a slightly decelerated rate. During the period, revenue growth will be driven in part by steadier industrial production levels within the state. Additionally, growing automobile manufacturing activity in California will contribute to industry demand.
The industry is composed of contractors that are primarily responsible for the construction (e.g. new work, additions, alterations, maintenance and repairs) of industrial and manufacturing buildings. Establishments include general contractors, design-build companies and construction management operators.
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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