Solid foundation: Stable growth across residential and commercial segments will benefit operators

Amid fear of a housing bubble and tumbling commodity prices, reductions in residential and nonresidential construction expenditure has curbed demand for foundation work, thus curbing overall industry demand. Still, IBISWorld expects industry revenue to grow over the five years to 2017. Despite turbulent conditions, industry profit margins, measured as earnings before interest and taxes, are expected to expand during the current period. While demand has fluctuated in recent years, the pool of work for industry operators increased overall, leading to less price competition, and, in turn, improved profit margins. Over the five years to 2022, industry growth will weaken as investor's hesitancy reduces residential construction expenditure and available contracts dry up...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
4.7%
Forecast Growth 17-22
Profit
Employment
15,469
Businesses
5,073
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Amid fear of a housing bubble, reductions in residential and nonresidential construction expenditure have curbed industry demand
  • Heavy government investment has helped offset construction losses
  • Fears of a housing bubble in Canada’s largest metropolitan areas persist
  • Industry Report - Industry Key Buyers Chapter

    Like most specialty construction industries, the Concrete Contractors industry in Canada has a low level of market share concentration. The largest company in the industry, Holcim Canada Inc., accounts for less than 1.0% of industry revenue. Overall, the industry is composed of small-scale enterprises that serve a single local area and work on single-family homes and smaller commercial structures, such as stand-alone retail stores. Most operators have one office or location, and the average crew has six workers. Based on data collected from Statistics Canada, IBISWorld estimates 38.5% of total industry establishments are nonemployers. Furthermore, of the remaining 61.5% of industry establishments, 46.6% employ fewer than five workers. The...purchase to read more.

    Additional Insights for the Concrete Contractors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Concrete Contractors Industry are

  • Ability to expand and curtail operations rapidly in line with market demand
  • Having a good reputation
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Government expenditure and investment in the Concrete Contractors industry impact industry performance..

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    What's in this report

    What is the Concrete Contractors Industry?

    Establishments in this industry primarily pour, build and finish concrete foundations and structural elements such as retaining walls and private driveways and walks. Industry operators also perform grout and shotcrete work. The work performed may include new work, additions, alterations, maintenance and repairs.

    Industry Products
  • Cast-in-place work and slabs
  • Concrete for highway and heavy industry applications
  • Repairs
  • Other services
  • Industry Activities
  • Concrete placement on construction projects
  • Finishing on concrete slabs and footings
  • Foundations construction
  • Concrete pumping
  • Sidewalk construction
  • Curb, culvert and guttering construction or repair
  • Concreting grout and shotcrete work
  • Concrete patio construction
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Government expenditure and investment
  • Value of nonresidential construction
  • Overnight rate

  • Current Performance
  • Market anatomy
  • Diverging fortunes
  • Uncertain landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Shaky foundation
  • Ambiguity remains
  • Exports and transport lead the way
  • Table: Concrete Contractors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Concrete Contractors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Homebuilders in Canada
  • Industrial Building Construction in Canada
  • Bridge & Elevated Highway Construction in Canada
  • Commercial Building Construction in Canada
  • Road & Highway Construction in Canada

  • Key Selling Industries
  • Asphalt Manufacturing in Canada
  • Construction & Forestry Equipment Wholesaling in Canada

  • Products & Services
  • Cast-in-place work and slabs
  • Concrete for highway and heavy industry applications
  • Other services
  • Repairs
  • Chart: Concrete Contractors Industry Products and Services Segmentation

  • Demand Determinants
  • Residential building market
  • Nonresidential building construction
  • Heavy engineering construction market

  • Major Markets
  • Industrial and infrastructure construction
  • Residential construction
  • Commercial building construction
  • Road, street and sidewalk construction
  • Chart: Major Market Segmentation for the Concrete Contractors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Concrete Contractors

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Concrete Contractors Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Concrete Contractors Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Concrete Contractors Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Housing Starts (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aggregate
  • Crushed stone and similar material used to create concrete.
  • Precast Concrete
  • Concrete formed and set in a factory in certain shapes. Precast concrete usually has higher tolerances for weight, heat, cold and moisture because it is formed under controlled conditions.
  • Shotcrete
  • A sprayed concrete or mortar that involves premixed ingredients (including water) pumped through a nozzle and blown by compressed air into a substrate; also called wet-mix shotcrete.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Concrete Contractors market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Concrete Contractors:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Concrete Contractors market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Concrete Contractors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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