$15.3bn
$X.Xbn
125k
4,260
$X.Xbn
The performance of industrial building construction contractors has been quite a rollercoaster ride recently. The initial shockwaves from the pandemic caused temporary shutdowns of nonessential construction activities, leading to an abrupt drop in demand. However, as the economy reopened, a surge in large-scale construction projects breathed life into the industry. Even though escalating interest rates posed challenges, the steady need for repairs and maintenance alongside new projects kept contractors on somewhat stable ground. Overall, industry revenue has been increasing at a CAGR of 3.8% over the past five years to reach an estimated $15.3 billion in 2024, including an estimated increase of 1.4% in 2024 alone.
Industry revenue has grown at a CAGR of 3.8 % over the past five years, to reach an estimated $15.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
PCL Constructors | 999.7 | 62.3 | 6.2 | |
EllisDon | 741.5 | 39.4 | 5.3 | |
Aecon | 677.2 | 23.1 | 3.4 |
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Industry revenue is measured across several distinct product and services lines, including Alterations and improvements, New construction and Other. Alterations and improvements is the largest segment of the Industrial Building Construction in Canada.
Tax incentives have bolstered new construction
Operators in the Industrial Building Construction industry in Canada construct industrial and manufacturing buildings via new work, additions, alterations, maintenance and repairs. Establishments include general contractors, design-build companies and construction management operators.
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NAICS 236210 - Industrial Building Construction in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Contractors have seen substantial growth. This rise is driven by manufacturers' need for new construction and increased activity in mining and agriculture. These sectors have...
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New construction remains contractors' largest service offering. Expansions in markets such as factories, plants, mining and agriculture have led to new construction activity....
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Ontario and Quebec lead because of their robust manufacturing sectors. Their large populations and industrial activities drive national economic growth. These provinces are k...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Contractors compete on price, service quality and efficiency. Large-scale projects are typically bid through a public or private tender process. Selection often hinges on pas...
Learn about the performance of the top companies in the industry.
EllisDon is dispatching company vehicles with tech experts. This initiative aims to boost competitiveness and enhance the quality of its structures and sites, underscoring th...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Public and private entities support industrial construction companies in Canada. Government policies offer tax breaks, credits and investment projects, while the Canadian Con...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Contractors have endured profit declines. Despite strong growth, labour shortages have driven up wage costs, which in turn have hampered profit expansion. These higher expens...
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Industrial Building Construction industry in Canada is $15.3bn in 2024.
There are 4,260 businesses in the Industrial Building Construction industry in Canada, which has grown at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Industrial Building Construction industry in Canada has been growing at a CAGR of 3.8 % between 2019 and 2024.
Over the next five years, the Industrial Building Construction industry in Canada is expected to grow.
The biggest companies operating in the Industrial Building Construction market in Canada are PCL Constructors, EllisDon and Aecon
Alterations, additions or repairs to manufacturing and industrial buildings and New construction of manufacturing and industrial buildings are part of the Industrial Building Construction industry.
The company holding the most market share in Canada is PCL Constructors.
The level of competition is high and increasing in the Industrial Building Construction industry in Canada.