Heavy Engineering Construction in Illinois - Industry Market Research Report

Heavy Engineering Construction in Illinois - Industry Market Research Report

  • December 2017 •
  • 30 pages •
  • Report ID: 5470217 •
  • Format: PDF
Bridging the gap: Increasing demand from downstream construction markets will support revenue growth

Abstract

Heavy Engineering Construction in Illinois
Overall, rising demand from private nonresidential building construction markets has kept the Heavy Engineering Construction industry in Illinois revenue afloat. Moreover, local and state government expenditure in Illinois has also increased, which has bolstered demand from the public projects market segment. Overall, consolidation activity has suppressed growth in enterprises and establishments. Consolidation efforts have been aimed at reducing wage payments and increasing operational efficiencies. Despite consolidation efforts, industry employment has expanded. Over the five years to 2022, industry revenue growth is expected to accelerate. This acceleration is anticipated to be driven by increasing demand from downstream construction markets.

Operators in this industry are primarily engaged in heavy engineering construction projects, with the exception of highway, street, bridge and airport construction. Work performed includes new work, reconstruction, rehabilitation and repairs. The industry also includes specialty trade contractors, if they are primarily active in activities related to engineering construction projects. Construction projects include waterworks, marine facilities development and open space improvement.

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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