Industrial Building Construction in Canada - Industry Market Research Report

Industrial Building Construction in Canada - Industry Market Research Report

Industrial Building Construction in Canada

The Industrial Building Construction industry operates in several markets, including mining, energy and manufacturing. Companies are responsible for the construction of a variety of buildings that vary in complexity, including simple structures and sophisticated purpose-built fertilizer manufacturing facilities. Builders have experienced volatility over the past five years. The first half of the period resulted in strong growth, as the economy recovered, followed by pandemic-related declines in 2020. Industry expansion resumed as government infrastructure investment increased and the broader economy boomed. IBISWorld projects industry revenue to marginally decrease at a CAGR of 0.3% to $12.3 billion over the five years to 2023 due to large estimated declines during the pandemic. Growth of 2.0% is forecast for 2023 as post-pandemic spending on buildings retains momentum.

Operators in the Industrial Building Construction industry in Canada construct industrial and manufacturing buildings via new work, additions, alterations, maintenance and repairs. 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."