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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 23622aCA | Feb 2015

Built to last: Increasing corporate profit will bolster demand for commercial construction

IBISWorld’s Commercial Building Construction market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$32bn
Annual Growth 10-15
3.0%
Annual Growth 15-20
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Profit
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Employment
97,217
Businesses
7,512
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 - Industry Investment Chapter

The Commercial Building Construction industry has a low level of capital intensity, with operators spending an estimated $0.06 on capital for every dollar spent on labour. The industry has become increasingly dependent on subcontractor labour to improve efficiency and decrease operating costs. Nonetheless, companies require a skilled workforce. Industry firms also need access to low cost inputs to develop effectively tender on projects and remain competitive. Over the five years to 2020, wages will increase at an estimated annualised rate of 3.3%, reflecting the industry's focus on keeping project costs low for project bidding purposes... 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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