Industrial Building Construction in the US
The health of US manufacturing sector primarily determines the Industrial Building Construction industry's growth, as most of its projects are related to the production and distribution of goods. Over the five years to 2019, industry revenue exhibited strong increases. A weakening dollar should facilitate exports, encouraging manufacturers to expand production facilities, thus benefiting the industry. During the middle of the period, in 2016, 2017 and 2018, private investment in manufacturing structures waned, causing declines in industry revenue in 2016 and 2017. Overall, industry revenue will most closely track with movements in manufacturing capacity utilization and private investment in manufacturing structures. Over the five years to 2024, IBISWorld expects industry revenue to grow. A strong US economy is expected to continue fueling demand for manufacturing structures. A projected weakening in the dollar is expected to spur increased manufacturing activity, with the industrial production index anticipated to rise. However, the industry is expected to decelerate as a result of a comparative weakening of US manufacturing capacity utilization.
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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