Structural integrity: A stronger Illinois economy is expected to fuel demand for manufacturing buildings

Overall, revenue for the Industrial Building Construction industry in Illinois has consistently declined as construction markets failed to recover sharply before the current period. State-specific conditions have constrained manufacturing sectors in Illinois, such as poor consumer conditions, negative population trends and stagnant economic prospects for major users of industry services. This has resulted in virtually no demand for industry services apart from boom years or from select industries. Over the five years to 2022, a stronger Illinois economy is expected to fuel demand for manufacturing structures. Moreover, as a result of an...read more.

Industry Statistics & Market Size
Revenue
$887m
Annual Growth 12-17
-0.1%
Forecast Growth 17-22
Profit
Employment
2,895
Businesses
167

Industry Threats & Opportunities

  • Revenue has consistently declined as construction markets failed to recover sharply before the current period
  • Weak demand for manufactured goods has meant less demand for expansion and industry services
  • Illinois will continue to experience soft demand from downstream manufacturing industries
  • Industry Report - Starting a New Business Chapter

    Aside from minimal state and local licensing requirements, there are no specific barriers to entry for new competitors in this industry. The key constraint to entry is establishing a foothold in the market because new operators lack a reputation for quality service. Existing operators have established relationships with subcontractors, material suppliers, financial institutions and clients in specific industries. The growing trend for building contractors to take an equity interest in the development consortium on projects effectively blocks competition from other builders.New entrants with limited financial resources and a narrow network of business contacts will likely be excluded from equity participation in a development consortium...purchase to read more.

    Additional Insights for the Industrial Building Construction in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Industrial Building Construction in Illinois 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 Manufacturing GDP for Illinois and Consumer Spending in Illinois in the Industrial Building Construction in Illinois industry impact industry performance..

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    What's in this report

    What is the Industrial Building Construction in Illinois 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
  • Renovations
  • Construction management services
  • Other nonbuilding construction services
  • General contracting
  • Specialty services
  • 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
  • Commercial Building Construction in Illinois
  • Industrial Building Construction in Texas
  • Commercial Building Construction in Texas
  • Industrial Building Construction in Florida
  • 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
  • Manufacturing GDP for Illinois
  • Consumer Spending in Illinois
  • Local and State Government Expenditure in Illinois
  • Access to Credit in Illinois
  • Trade-weighted index

  • Current Performance
  • Manufacturing woes
  • Industry operational trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Looking inward
  • Industry structure
  • Table: Industrial Building Construction in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Industrial Building Construction in Illinois 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
  • Renovations
  • Other nonbuilding construction services
  • Specialty services
  • Chart: Industrial Building Construction in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Machinery manufacturing
  • Plastics and plastic product manufacturing
  • Chemical and pharmaceutical manufacturing
  • Transportation
  • Other
  • Chart: Major Market Segmentation for the Industrial Building Construction in Illinois 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 Illinois

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

  • Barton Malow Company, Walbridge, Walsh Group - Construction Management Services, Turner Construction Company,
  • Table: Barton Malow Company - financial performance
  • Table: Walbridge - financial performance
  • Table: Walsh Group - Construction Management Services - financial performance
  • Table: Turner Construction Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Industrial 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
    Table: Industry Data for the Industrial Building Construction in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • IL - Manufacturing GDP for Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Development Consortium
  • A group of developers used to construct a building or complex.
  • Industrial Building
  • A building primarily used to accommodate capital equipment for the manufacturing, packaging or storage of products.
  • Tender
  • A written offer or bid to contract goods or services at a specified cost or rate.
  • What Our Customers Say

    Why buy this report?

    The Industrial Building Construction in Illinois Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 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 Industrial 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 Industrial 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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