Industrial Building Construction in the US - Industry Market Research Report

Industrial Building Construction in the US - Industry Market Research Report

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 primarily determines industry growth since most of its projects are related to the production and distribution of goods. Over the past five years, industry revenue has fallen an annualized 4.0% to reach $25.4 billion. Revenue declined for the majority of the period because of weakness when commodities markets and capital expenditure were low. Overall, because of weakening demand from core customers in the middle of the period and the outbreak of the coronavirus, industry revenue has shrunk throughout the current period. The industry will contract 3.8% in 2023 alone as markets continue to struggle with inflation.

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.