Industrial Building Construction in the US - Industry Market Research Report

Industrial Building Construction in the US - Industry Market Research Report

  • January 2021 •
  • 48 pages •
  • Report ID: 198622 •
  • Format: PDF
Forge on: Recovering construction markets will return this industry to growth

Abstract

Industrial Building Construction in the US
The Industrial Building Construction industry constructs, remodels and maintains factories, assembly plants and mineral-processing mills. The health of the US Manufacturing sector (IBISWorld report 31-33) primarily determines the industry’s growth because most of its projects are related to the production and distribution of goods. Over the five years to 2019, industry revenue exhibited strong growth. During the middle of the period, 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 next five years, increases in private investment into manufacturing structures is expected to be more consistent, benefiting the industry. 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 during the five-year period. 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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