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Canada Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)

Best Price Guarantee Length Publisher Published Date SKU
from $1,495 55 Pages GlobalData September, 2024 GBDT19324733
Best Price Guarantee
Price from $1,495
Length 55 Pages
Publisher GlobalData
Published Date September, 2024
SKU GBDT19324733

Canada Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)


Summary

GlobalData’s Construction in Canada - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information and insights into the Canadian construction industry, including -
  • The Canadian construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Canadian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
GlobalData expects the construction industry in Canada to decline by 2% in real terms in 2024, owing to continued weakness in the residential market, and declining private investments, caused in part by continued elevated interest rates but also a lack of construction demand. According to Statistics Canada, the total value of investment in single dwelling construction declined by 4.9% year-on-year (YoY) in January-June 2024, compared to annual decline of 17.3% in 2023. The main driver of this decline is the residential sector, which was the largest contributor to construction output in Canada (41.7% of total output in 2023) and therefore, has a significant impact on the industry. Furthermore, due to high construction costs and severe labour shortages, several projects have been halted or cancelled. The industry's output is expected to grow at an annual average rate of 2.4% between 2025 and 2028, aided by government investments in several transportation and housing infrastructure projects, along with the government's plan to allocate funding for mixed-use projects

Scope

This report provides a comprehensive analysis of the construction industry in Canada. It provides -
  • - Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Canada, featuring details of key growth drivers.
  • - Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • - Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • - Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts
  • Understand the latest industry and market trends
  • Formulate and validate business strategies using GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors


1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Canada, Key Economic Indicators
Table 3: Canada, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Canada, Top Commercial Construction Projects by Value
Table 5: Canada, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Canada, Top Industrial Construction Projects by Value
Table 7: Canada, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Canada, Top Infrastructure Construction Projects by Value
Table 9: Canada, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Canada, Top Energy and Utilities Construction Projects by Value
Table 11: Canada, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Canada, Top Institutional Construction Projects by Value
Table 13: Canada, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Canada, Top Residential Construction Projects by Value
Table 15: Canada, Key Contractors
Table 16: Canada, Key Consultants
Table 17: Canada, Construction Output Value (Real, $ Billion)
Table 18: Canada, Construction Output Value (Nominal, CAD Billion)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: North America, Construction Output (Real % Change), 2022-28
Figure 2: Canada, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Canada, Risk Summary
Figure 4: Canada, Risk Regional Comparison
Figure 5: Canada, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Canada, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Canada, Construction Value-Add (CAD Million, 2012 Constant Prices), Quarterly Average, Seasonally Adjusted at Annual Rates
Figure 8: Canada, Investment in Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
Figure 9: Canada, Value of Building Permits Issued, in Seasonally Adjusted Constant Prices, % Change YoY
Figure 10: Canada, Construction Employment, In Thousands, In Seasonally Adjusted Terms
Figure 11: Canada, Building Construction Prices Indices, 2017=100, % Change (YoY)
Figure 12: Canada, Construction Projects Momentum Index
Figure 13: North America, Construction Projects Momentum Index
Figure 14: Canada, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 15: Canada, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Canada, Investment on Commercial Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
Figure 17: Canada, Value of Building Permits Issued for Commercial Buildings (CAD Million, Seasonally Adjusted Terms)
Figure 18: Canada, Number of Non-Resident Visitors Entering the Country, In Thousands
Figure 19: Canada, Retail Trade Sales (CAD Million)
Figure 20: Canada, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 21: Canada, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Canada, Manufacturing Value add, Quarterly Average Seasonally Adjusted at Annual Rates (CAD Million, 2012 Constant Prices)
Figure 23: Canada, Investment on Industrial Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
Figure 24: Canada, Value of Building Permits Issued for Industrial Buildings (CAD Million, Seasonally Adjusted Terms)
Figure 25: Canada, Sales Value of Goods Manufactured and New Orders of Manufacturing (CAD Million)
Figure 26: Canada, Merchandise Exports (CAD Million)
Figure 27: Canada, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 28: Canada, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Canada, Value-add of Civil Engineering and Other Construction Activities, Quarterly Average, Seasonally Adjusted at Annual Rates (CAD Million, 2012 Constant Prices)
Figure 30: Canada, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 31: Canada, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Canada, Capital Expenditure in the Oil and Gas Extraction Industries (CAD Million, In Seasonally Adjusted Terms)
Figure 33: Canada, Electric Power Generation, In GWh
Figure 34: Canada, Production of Crude Oil and Other Equivalent Products, YoY % Change
Figure 35: Canada, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 36: Canada, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 37: Canada, Investment on Institutional Building Construction (CAD Million, In Seasonally Adjusted Terms)
Figure 38: Canada, Institutional Building Permits Issued (CAD Million, Seasonally Adjusted Terms)
Figure 39: Canada, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 40: Canada, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 41: Canada, Value-add of Residential Building, Quarterly Average, Seasonally Adjusted at Annual Rates (CAD Million, 2012 Constant Prices)
Figure 42: Canada, Investment on Residential Building Construction (CAD Million, Seasonally Adjusted Terms)
Figure 43: Canada, Residential Building Permits Issued (CAD Million, Seasonally Adjusted Terms)
Figure 44: Canada, New Housing Price Index, 2016=100
Figure 45: Canada, Housing Construction Started in Census Metropolitan Areas
Figure 46: Canada, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 47: Canada, Headquarters of Key Consultants (% of Total Project Pipeline)

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