Heavy Engineering Construction in Illinois - Industry Market Research Report

  • ID: 4578649
  • Report
  • Region: Illinois
  • 30 pages
  • IBISWorld
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Bridging the gap: Increasing demand from downstream construction markets will support revenue growth

Heavy Engineering Construction in Illinois

Overall, rising demand from private nonresidential building construction markets has kept the Heavy Engineering Construction industry in Illinois revenue afloat. Moreover, local and state government expenditure in Illinois has also increased, which has bolstered demand from the public projects market segment. Overall, consolidation activity has suppressed growth in enterprises and establishments. Consolidation efforts have been aimed at reducing wage payments and increasing operational efficiencies. Despite consolidation efforts, industry employment has expanded. Over the five years to 2022, industry revenue growth is expected to accelerate. This acceleration is anticipated to be driven by increasing demand from downstream construction markets.

Operators in this industry are primarily engaged in heavy engineering construction projects, with the exception of highway, street, bridge and airport construction. Work performed includes new work, reconstruction, rehabilitation and repairs. The industry also includes specialty trade contractors, if they are primarily active in activities related to engineering construction projects. Construction projects include waterworks, marine facilities development and open space improvement.

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.

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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
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  • Turner Construction Company
  • Walsh Group
  • Pepper Construction Group LLC
  • Power Construction Company LLC
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