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Industrial Building Construction in the US
IBISWorld, July 2009, Pages: 40
This industry comprises establishments primarily responsible for the entire construction (i.e., new work, additions, alterations, and repairs) of manufacturing and industrial buildings (e.g., plants, mills, factories). Establishments identified as manufacturing and industrial building construction management firms are also included in this industry. Kinds of establishments include manufacturing and industrial building general contractors, design builders, engineer-constructors, joint-venture contractors, and turnkey contractors. 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.
Introduction
What builds up, must come down
Highly volatile, this declining industrys differentiation between builders is often on reputation of quality, efficiency and timeliness rather than solely on pricing. Technology is certainly building up, resulting in substantial cost savings and shorter construction periods, especially in such a regulated and labor driven environment. The industry is intensely competitive and characterized by its fragmented structure, although new entrants may find it difficult to enter the industry.
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