Industrial Building Construction in Texas
The Industrial Building Construction industry in Texas is expected to grow over the five years to 2017. This projected growth is largely attributable to an increase in investments made by the state government to create jobs. The Texas Enterprise Fund initiative has enticed a number of manufacturing firms to move to the state, increasing demand for new industrial facilities. However, waning crude oil production levels have limited revenue growth, which has curbed demand for industrial facility repair and maintenance work conducted on oil and natural gas processing facilities. Revenue is expected to increase at a much faster pace over the five years to 2022. Most sales growth will be largely driven by the continued expansion of manufacturing activity, which is expected to rise at a more rapid pace.
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.