Despite the backlogs of demand experienced at the start of the recession, this industry eventually saw demand plummet because of failing businesses and very low household disposable income. However, the five years to 2019 will be a period of robust revenue growth for commercial construction companies, mainly due to the economic recovery. Falling vacancy rates mean that businesses will require more office space, while rebounding disposable incomes will raise demand for retail buildings.
This industry includes companies that are primarily responsible for work on the construction (i.e. new work, additions, alterations, maintenance and repairs) of office, retail, hotel, agricultural and entertainment buildings. Participants are general contractors or project managers. This industry excludes institutional buildings (e.g. hospitals and schools), heavy industrial buildings (e.g. factories and power plants) or infrastructure (e.g. communications towers or oil pipelines).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.