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Commercial Property Remodeling - Industry Market Research Report

  • ID: 2764256
  • Report
  • November 2020
  • Region: Global
  • 45 pages
  • IBISWorld
Demo Day: When Businesses Reopen and People Return to Offices, Demand Will Rebound

Commercial Property Remodeling

Operators in the Commercial Property Remodeling industry have benefited from large increases in demand through the five years to 2019 as a result of decreasing office rental vacancy rate and higher consumer spending. Additionally, increasing corporate profit levels have led businesses to remodel commercial properties. With industry clients expanding, they have had greater need for the industry's remodeling services. Over the five years to 2024, the industry is forecast to exhibit steady, albeit more modest, growth. The office rental vacancy rate is expected to increase at a slower rate, and consumer spending and corporate profit are both likely to increase amid a growing economy; this will provide businesses with more discretionary income to spend on industry services. However, industry operators will need to be conscious of rising interest rates on commercial loans, which finance many of the industry's projects.

This industry primarily undertakes remodeling construction for commercial buildings. Remodeling construction includes additions, alterations, reconstruction, maintenance and repair work. This industry is composed of general contractors, operative remodelers, remodeling design-build companies and remodeling project construction management firms. This industry excludes residential remodeling.

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.

Note: Product cover images may vary from those shown
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown

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