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Canada Construction Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 44 Pages
  • May 2023
  • Region: Canada
  • MarketLine
  • ID: 5835163
Description Jump to:
Construction in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The construction market is defined as the value of work put in place annually for both, residential and non-residential construction.
  • The Canadian construction industry had total revenues of $343,976.7 million in 2022, representing a compound annual growth rate (CAGR) of 4.8% between 2017 and 2022.
  • The non-residential construction segment accounted for the industry's largest proportion in 2022, with total revenues of $181,836.3 million, equivalent to 52.9% of the industry's overall value.
  • According to Statistics Canada, in the fourth quarter of 2022, residential building construction costs rose 1.0% after rising 2.5% in the previous quarter. Construction costs for non-residential buildings increased by 1.6% in the fourth quarter of 2022 after increasing by 2.1% in the previous quarter.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in Canada
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in Canada
  • Leading company profiles reveal details of key construction market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Canada construction market with five year forecasts

Reasons to Buy

  • What was the size of the Canada construction market by value in 2022?
  • What will be the size of the Canada construction market in 2027?
  • What factors are affecting the strength of competition in the Canada construction market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Canada's construction market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the key players in this sector?
7.2. How have ongoing environmental concerns influenced the competitive landscape?
7.3. What has been the most significant M&A activity this year?
7.4. Who are the main challengers to the incumbents?
8 Company Profiles
8.1. WSP Global Inc
8.2. Stantec Inc
8.3. Mattamy Homes
8.4. SNC-Lavalin Group Inc.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher
List of Tables
Table 1: Canada construction industry value: $ million, 2017-22
Table 2: Canada construction industry category segmentation: % share, by value, 2017-2022
Table 3: Canada construction industry category segmentation: $ million, 2017-2022
Table 4: Canada construction industry geography segmentation: $ million, 2022
Table 5: Canada construction industry value forecast: $ million, 2022-27
Table 6: WSP Global Inc: key facts
Table 7: WSP Global Inc: Annual Financial Ratios
Table 8: WSP Global Inc: Key Employees
Table 9: WSP Global Inc: Key Employees Continued
Table 10: Stantec Inc: key facts
Table 11: Stantec Inc: Annual Financial Ratios
Table 12: Stantec Inc: Key Employees
Table 13: Mattamy Homes: key facts
Table 14: Mattamy Homes: Key Employees
Table 15: SNC-Lavalin Group Inc.: key facts
Table 16: SNC-Lavalin Group Inc.: Annual Financial Ratios
Table 17: SNC-Lavalin Group Inc.: Key Employees
Table 18: Canada size of population (million), 2018-22
Table 19: Canada gdp (constant 2005 prices, $ billion), 2018-22
Table 20: Canada gdp (current prices, $ billion), 2018-22
Table 21: Canada inflation, 2018-22
Table 22: Canada consumer price index (absolute), 2018-22
Table 23: Canada exchange rate, 2018-22
List of Figures
Figure 1: Canada construction industry value: $ million, 2017-22
Figure 2: Canada construction industry category segmentation: $ million, 2017-2022
Figure 3: Canada construction industry geography segmentation: % share, by value, 2022
Figure 4: Canada construction industry value forecast: $ million, 2022-27
Figure 5: Forces driving competition in the construction industry in Canada, 2022
Figure 6: Drivers of buyer power in the construction industry in Canada, 2022
Figure 7: Drivers of supplier power in the construction industry in Canada, 2022
Figure 8: Factors influencing the likelihood of new entrants in the construction industry in Canada, 2022
Figure 9: Factors influencing the threat of substitutes in the construction industry in Canada, 2022
Figure 10: Drivers of degree of rivalry in the construction industry in Canada, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • WSP Global Inc
  • Stantec Inc
  • Mattamy Homes
  • SNC-Lavalin Group Inc.

Table Information

Report AttributeDetails
No. of Pages44
PublishedMay 2023
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 343.98 Billion
Forecasted Market Value ( USD ) by 2027 $ 466.53 Billion
Compound Annual Growth Rate6.2%
Regions CoveredCanada

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About the Construction Market

The Construction market is a sector of the economy that involves the planning, design, and construction of buildings, roads, and other infrastructure. It includes the activities of architects, engineers, contractors, and other professionals who are involved in the process of creating and maintaining the built environment. Construction companies are responsible for the management of the entire process, from the initial planning stages to the completion of the project. Construction companies typically specialize in a particular type of project, such as residential, commercial, or industrial. They may also specialize in a particular type of material, such as steel, concrete, or wood. Construction companies are responsible for the coordination of all aspects of the project, including the selection of materials, the design of the structure, and the management of the construction process. Some of the major companies in the Construction market include Bechtel, AECOM, Turner Construction, and Skanska. These companies are involved in a variety of projects, ranging from large-scale infrastructure projects to smaller residential and commercial projects. Show Less Read more

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