Concrete Contractors in Canada - Industry Market Research Report

Concrete Contractors in Canada - Industry Market Research Report

  • May 2021 •
  • 43 pages •
  • Report ID: 4248803 •
  • Format: PDF
Poured to perfection: Industry revenue will likely grow as construction expenditures increase

Abstract

Concrete Contractors in Canada
The Concrete Contractors industry in Canada plays a central role in the construction sector. Nearly all structures require concrete, most commonly as a building’s foundation, floor, internal superstructure or exterior cladding. Concrete is used for raising office buildings and retail structures and in energy infrastructure, highways and industrial buildings. Contractors rely on the residential construction market, which provides smaller operators with a high volume of contracts each year. However, larger operators rely more on other markets, such as bridge and tunnel construction. Given the diverse uses for concrete, the industry expanded during the previous period among a booming housing market. Due to turbulent conditions, industry profit margins are expected to decrease during the current period. While demand has fluctuated in recent years, the pool of work for industry operators decreased overall. Over the five years to 2024, industry growth will pick up as both residential construction and commercial construction expenditure and available contracts increase.

Operators in the Canadian Concrete Contractors industry primarily pour, build and finish concrete foundations and structural elements such as retaining walls and private driveways and walks. Industry operators also perform grout and shotcrete work. The work performed may include new work, additions, alterations, maintenance and repairs.

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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