Built up: Increased industry trade with Latin America will boost revenue growth

The Industrial Building Construction industry in Florida comprises establishments that construct, remodel and maintain a range of industrial buildings like factories, assembly plants and mineral-processing mills. Thus, the strength of manufacturing in the state is vital to industry operatives, as the manufacturing sector accounts for the largest share of demand for industry services. Similarly, the transportation and distribution sector is another major market for operators and their strength is also affected by the vitality of manufacturing as their main role is transport these goods. With these factors in mind, the size of the industry in Florida is limited by the size of the state's manufacturing sector, which is less important to its economy than at the national level...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
2.0%
Forecast Growth 17-22
Profit
Employment
3,662
Businesses
286
What Our Customers Say

Industry Threats & Opportunities

  • A strengthening Florida retail sector will likely prompt demand for increased manufacturing capacity
  • Downstream projects demand industry services and have become a growth spot for operators
  • Improved export activity and rising cost of financing will influence the industry’s performance in Florida
  • Industry Report - Starting a New Business Chapter

    In Florida, a contractor license is required to bid on a construction project. To obtain a license, candidates must pass two exams. The first exam cover business and finance aspects of contracting, while the second is trade specific. The tests add up to $215 together or $135 each, which includes application fees. The same step is required of all construction contractors in the state, which includes operators in the Industrial Buildings Construction industry. Aside from licensing requirements, there are few barriers to entry for new operators in the industry. Startup costs can be limited by leasing or renting heavy contracting equipment and using subcontractors in place of in-house employees. ...purchase to read more.

    Additional Insights for the Industrial Building Construction in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Industrial Building Construction in Florida Industry are

  • Ability to expand and curtail operations rapidly in line with market demand
  • Ability to negotiate successfully with regulator
  • Access to high quality inputs
  • IBISWorld analysts also discuss how external factors such as Total Exports from Florida and Consumer Spending in Florida in the Industrial Building Construction in Florida industry impact industry performance..

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    What is the Industrial Building Construction in Florida Industry?

    The industry is composed of contractors that are primarily responsible for the construction (e.g. new work, additions, alterations, maintenance and repairs) of industrial and manufacturing buildings. Establishments include general contractors, design-build companies and construction management operators.

    Industry Products
  • General Contracting
  • Construction Management Services
  • Renovations
  • Specialty Services
  • Other nonbuilding construction
  • Industry Activities
  • Constructing new and industrial buildings
  • Performing alterations, additions or repairs to and industrial buildings
  • Constructing waste and garbage disposal plants
  • Constructing factories, plants and mills
  • Constructing industrial laboratories and testing facilities
  • Similar Industries
  • Heavy Engineering Construction
  • Roofing Contractors
  • Steel Framing
  • Commercial Building Construction
  • Municipal Building Construction
  • Industrial Building Construction in California
  • Commercial Building Construction in California
  • Industrial Building Construction in New York
  • Commercial Building Construction in New York
  • Industrial Building Construction in Illinois
  • Commercial Building Construction in Illinois
  • Industrial Building Construction in Texas
  • Commercial Building Construction in Texas
  • Commercial Building Construction in Florida
  • Commercial Building Construction in Massachusetts
  • Industrial Building Construction in Ohio
  • Commercial Building Construction in Ohio
  • Industrial Building Construction in Pennsylvania
  • Commercial Building Construction in Pennsylvania
  • Commercial Building Construction in New Jersey
  • Industrial Building Construction in Georgia
  • Commercial Building Construction in Georgia
  • Industrial Building Construction in Michigan
  • Commercial Building Construction in Michigan
  • Industrial Building Construction in Wisconsin
  • Commercial Building Construction in Wisconsin
  • Industrial Building Construction in Washington
  • Commercial Building Construction in Washington
  • Industrial Building Construction in Virginia
  • Commercial Building Construction in Virginia
  • Industrial Building Construction in Tennessee
  • Commercial Building Construction in Tennessee
  • Industrial Building Construction in Missouri
  • Commercial Building Construction in Missouri
  • Industrial Building Construction in North Carolina
  • Commercial Building Construction in North Carolina
  • Commercial Building Construction in Minnesota
  • Commercial Building Construction in Maryland
  • Industrial Building Construction in Colorado
  • Commercial Building Construction in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total Exports from Florida
  • Consumer Spending in Florida
  • Freight transportation services index
  • Local and state government expenditure in Florida
  • Yield on 10-year Treasury note

  • Current Performance
  • Recovery in downstream segment
  • Operational trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Stronger downstream markets
  • Industry structure
  • Table: Industrial Building Construction in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Industrial Building Construction in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Manufacturing
  • Commercial Leasing
  • Public Administration

  • Key Selling Industries
  • Concrete Pipe & Block Manufacturing
  • Construction
  • Construction & Mining Equipment Wholesaling
  • Heavy Equipment Rental
  • Lumber Wholesaling
  • Ready-Mix Concrete Manufacturing
  • Roofing, Siding & Insulation Wholesaling

  • Products & Services
  • General Contracting
  • Construction Management Services
  • Other nonbuilding construction
  • Renovations
  • Specialty Services
  • Chart: Industrial Building Construction in Florida Industry Products and Services Segmentation

  • Major Markets
  • Other durable goods mfg.
  • Other nondurable goods mfg.
  • Computer and electronics mfg.
  • Transportation
  • Transportation equipment mfg.
  • Medical equipment mfg.
  • Chemical mfg.
  • Chart: Major Market Segmentation for the Industrial Building Construction in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Industrial Building Construction in Florida

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Industrial Building Construction in Florida Industry

  • Skanska AB OHL USA Inc.PCL Construction EnterprisesSuffolk Construction Company
  • Table: Skanska AB - financial performance
  • Table: OHL USA Inc. - financial performance
  • Table: PCL Construction Enterprises - financial performance
  • Table: Suffolk Construction Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Industrial Building Construction in Florida 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 Industrial Building Construction in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total exports from Florida (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Industrial Building
  • A building primarily used to accommodate capital equipment for the manufacturing, packaging or storage of products.
  • Prime Contractor
  • Bid winners that oversee all aspects of the project as a sort of manager, hiring subcontractors to fill the voids as they see fit.
  • Tender
  • A written offer or bid to contract goods or services at a specified cost or rate.
  • Why buy this report?

    The Industrial Building Construction in Florida industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 Industrial Building Construction in Florida:
    • 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 Industrial Building Construction in Florida 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 Industrial Building Construction in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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