Industry Analysis & Industry Trends
The Municipal Building Construction industry's fate will stay tied to government expenditure during the next five years, with the health of federal, provincial and local budgets determining demand for new institutional and government buildings as well as the repair and renovation of existing ones. The federal government has made balancing the budget by 2015 a priority, and though the stimulus program was over by 2011, carefully reducing government spending has been made more difficult due to slowing economic growth. This trend will also affect provincial budgets, which have a more direct influence on demand for new educational construction. However, uninterrupted growth in health expenditure will bolster the industry's largest market... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Municipal Building Construction industry has a low level of market share concentration, with the four largest companies in the industry estimated to account for only 11.7% of industry revenue. The industry's largest two firms, PCL Constructors Inc. and EllisDon Corp., hold a combined market share of 9.1%. Construction industries are typically highly fragmented due to the wide geographic diversity of projects and the prevalence of local contractors who have personal relationships with developers and experience with local regulations and markets.
The largest construction companies, like PCL, operate on a national or international scale, leverage a widely known and respected brand name and pursue highly lucrative and resource-intensive projects... purchase to read more