Industrial Building Construction in Illinois
Overall, revenue for the Industrial Building Construction industry in Illinois has consistently declined as construction markets failed to recover sharply before the current period. State-specific conditions have constrained manufacturing sectors in Illinois, such as poor consumer conditions, negative population trends and stagnant economic prospects for major users of industry services. This has resulted in virtually no demand for industry services apart from boom years or from select industries. Over the five years to 2022, a stronger Illinois economy is expected to fuel demand for manufacturing structures. Moreover, as a result of an uncertain US economy, the dollar is expected to depreciate, improving export and manufacturing growth opportunities
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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