Municipal Building Construction in the US - Industry Market Research Report
- February 2018 •
- 37 pages •
- Report ID: 184393
Municipal Building Construction in the US
Since the Municipal Building Construction industry heavily relies on government investment, it has struggled over the past five years amid diminished tax revenue and declining federal outlays. Industry revenue contracted in 2014 as investment in education and healthcare buildings dwindled. Industry growth is expected to be aided by strong growth in the education and healthcare segments of the industry. Over the five years to 2023, industry revenue is expected to decrease, primarily due to an accelerated decline in local and state government investment. Though the education and healthcare sectors have been supporting growth in the industry, these markets are expected to continue their current deceleration.
This industry comprises contractors that are responsible for the complete construction (i.e. new work, additions, alterations and repairs) of institutional buildings, such as schools, hospitals, churches, civic centers and prisons. The industry also includes operators that perform construction management on institutional building projects. Types of operators include general contractors, design builders, engineer-constructors, joint-venture contractors and turnkey contractors.
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.