Industrial Building Construction in the US
The health of US manufacturing primarily determines the Industrial Building Construction industry's growth, as most of its projects are related to the production and distribution of goods. Interest rates, property values and lending standards also influence growth because loans and bonds finance most developments and renovations. Revenue growth was volatile over the past five years to 2018, as construction markets recovered sharply in the wake of the Great Recession, which immediately preceded the current period.A strong US economy is expected to continue fueling demand for manufacturing structures, which businesses use to produce goods for eager consumers. A projected weakening in the dollar is expected to spur increased manufacturing activity, with the industrial production index anticipated to rise during the outlook period to 2023.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook