Decreasing demand for heavy engineering construction has weighed heavily on profit margins, but the industry is set to recover over the next five years. The economic recovery, along with improvements in domestic energy demand and the availability of finance, will drive growth. Furthermore, government regulation in the power generation and upstream and downstream petroleum markets will also boost revenue.
Firms in this industry are primarily engaged in heavy and engineering construction projects, with the exception of highway, street and bridge construction. Work performed includes new work, reconstruction, rehabilitation and repairs. The industry also includes specialty trade contractors, if they are primarily active in activates related to engineering construction projects. Construction projects include water resources, development of marine facilities and open space improvement.
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.