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Commercial Building Construction in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Commercial Building Construction in Canada Market Research Report | NAICS 23332aCA | Feb 2014

Scraping the sky: Demand for retail space will surge as businesses expand operations

IBISWorld’s Commercial Building Construction market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 09-14
5.7%
Annual Growth 14-19
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Profit
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Employment
342,176
Businesses
10,898
Industry Analysis & Industry Trends

The recession decimated demand for industry services as vacancy rates for retail space escalated. In response, the federal government implemented numerous initiatives in 2010 to assist the industry in a rapid turnaround. As a result, building starts have picked up due to falling vacancy rates and rising consumer spending over the past five years. Revenue is anticipated to continue its upward trend over the next five years as the population moves to metropolitan areas; additionally, stronger sentiment toward green and sustainable construction will push up demand... purchase to read more

Industry Report - Starting a New Business Chapter

New entrants to the Commercial Building Construction industry are likely to find it difficult to establish a foothold in the market due to their lack of reputation and proven performance. Building a solid reputation in order to secure contracts can be a dubious task for new entrants. Building a reputation is typically dependent on gaining experience, and the only way to get experience is by having a well-established reputation. Moreover, existing firms have a competitive advantage because they have access to a pool of skilled subcontractors, arrangements with material suppliers and arrangements with financial institutions and property developers... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Commercial Building Construction Industry?

This industry constructs (i.e. new work, additions, alterations, maintenance and repairs) office, retail, hotel and entertainment buildings. The majority of participants are general contractors or project managers. This industry does not include municipal building construction, which comprises institutional buildings such as schools, hospitals and churches.

Industry Products
General contracting Construction managementRemodelling contracting
 
Industry Activities
Office building constructionHotel and motel constructionRestaurant, cafe and bar constructionRetail store constructionShopping centre or shopping mall constructionCommercial warehouse constructionService and gas station constructionAuto service and sales store constructionEntertainment and recreation building construction (e.g. casinos, gyms, cinemas and arenas)Radio and television broadcast studio construction


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