Overview

High rise: Improving macroeconomic conditions have led to a massive industry rebound

IBISWorld’s industry research report on Commercial Building Construction in Illinois can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Improving corporate profit levels allowed the private sector to increase its workforce, raising demand for commercial space
  • Corporate profit is expected to trend upward despite substantial losses in the energy sector
  • Even amid continued revenue growth, any evaluation of the industry’s prospects must be cautious

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    Industry Analysis & Industry Trends

    Revenue for Illinois' Commercial Building Construction industry has grown substantially over the five years to 2017, recovering from its lowest levels in over a decade. Falling unemployment and improving business sentiment among the consumer discretionary sector of the economy, along with accommodating interest rates maintained by the Federal Reserve, led many businesses to expand, directly increasing industry workload and revenue. Demand from key downstream markets is anticipated to moderate somewhat over the five years to 2022. While most of the particular set of macroeconomic ingredients necessary to facilitate industry growth are expected to persist during the outlook period, the industry will continue to face structural issues that plague Illinois' economy as a whole...

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    Industry Report - Industry Locations Chapter

    Establishments in the Commercial Building Construction industry in Illinois are located throughout the state, but tend to concentrate in areas with high population density and economic output. As a result, industry establishments are primarily concentrated in Chicagoland and the northern portion of the state.

    While business activity downstate has suffered in the postrecessionary economic environment, Chicagoland has been more resilient. Unlike the southern portion of the state, which is far more focused on manufacturing, the Chicagoland economy has benefited from the rise in consumer spending and improved business sentiment. As a result, a greater portion of the state's total commercial construction activity has concentrated in the metropolitan area. Fin..

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    Additional Insights for the Commercial Building Construction in Illinois Industry

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

  • Access to highly skilled workforce
  • Ability to negotiate successfully with regulator
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Access to Credit in Illinois and Consumer Spending in Illinois in the Commercial Building Construction in Illinois industry impact industry performance..

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    Industry Products

    What is the Commercial Building Construction in Illinois Industry?

    This industry includes those companies primarily responsible for work on the construction (i.e. new construction, additions, alterations, maintenance and repairs) of office, retail, hotel, agricultural and entertainment buildings. Participants are general contractors or project managers. This industry excludes institutional buildings (e.g. hospitals and schools), heavy industrial buildings (e.g. factories and power plants) or infrastructure (e.g. communications towers or oil pipelines).

    Industry Products
    Building construction on land owned by the customer
    Remodeling
    Construction management, at risk
    Industry Activities
    Office building construction
    Hotel and motel construction
    Restaurant, cafe and bar construction
    Retail store construction
    Shopping center or shopping mall construction
    Commercial warehouse construction
    Service and gas station construction
    Auto service and sales store construction
    Entertainment and recreation building construction (e.g. casinos, gyms, cinemas and arenas)
    Radio and television broadcast studio construction

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Access to Credit in Illinois
  • Consumer Spending in Illinois
  • Number of Businesses in Illinois
  • Value of private nonresidential construction in Illinois

  • Current Performance
  • Shoots of growth
  • Late bloomer
  • Industry structure and profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased consumer and business spending
  • Table: Commercial Building Construction in Illinois Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Wholesale Trade
  • Gas Stations with Convenience Stores
  • Department Stores
  • Real Estate Investment Trusts
  • Amusement Parks
  • Casino Hotels

  • Key Selling Industries
  • Cement Manufacturing
  • Concrete Pipe & Block Manufacturing
  • Construction
  • Construction & Mining Equipment Wholesaling
  • Glass Product Manufacturing
  • Heavy Equipment Rental
  • Iron & Steel Manufacturing
  • Property, Casualty and Direct Insurance
  • Wholesale Trade

  • Products & Services
  • Building construction on land owned by the customer
  • Construction management, at risk
  • Remodeling
  • Other
  • Chart: Commercial Building Construction in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Retail buildings
  • Office buildings
  • Warehouses and storage
  • Lodging
  • Amusement and recreation buildings
  • Chart: Major Market Segmentation for the Commercial Building Construction in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Commercial Building Construction in Illinois

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

  • Major Companies
    ClaycoGilbane Building CompanySkender ConstructionTurner Construction Co.
  • Table: Clayco - financial performance
  • Table: Gilbane Building Company - financial performance
  • Table: Skender Construction - financial performance
  • Table: Turner Construction Co. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Commercial Building Construction in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Commercial Building Construction in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of businesses in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Computer-Aided Design (Cad)
  • The use of computer technology to aid the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models.
  • Developer
  • An enterprise that prepares a real estate site for residential or commercial use. A developer raises capital, gains zoning approvals and hires contractors to design, construct and develop property.
  • General Contractor (Gc)
  • Also called a prime contractor. An individual or company that manages the construction of a structure for a property owner or developer. A GC may retain a labor force or use subcontractors.
  • Write Down
  • To deliberately reduce the value of an asset to reflect its current market value.
  • Why buy this report?

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

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