The industry experienced a downturn over the past five years following a peak in revenue before the recession. Competition intensified within the industry as operators battled for fewer contracts. Over the next five years, however, the industry is expected to experience modest growth. The private sector is forecast to expand and the introduction of the Patient Protection and Affordable Care Act is also expected to create additional demand for medical buildings in the later part of the period.
This industry comprises contractors that are responsible for the complete construction (i.e. new work, additions, alterations and repairs) of institutional buildings, such as schools, hospitals, churches, civic centers and prisons. The industry also includes operators that perform construction management on institutional building projects. Types of operators include general contractors, design builders, engineer-constructors, joint-venture contractors and turnkey contractors.
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.