Moving in: An acceleration in the value of private nonresidential construction will boost revenue growth

The Commercial Building Construction industry in Ohio encompasses all new construction, repairs and maintenance and alterations and extensions on existing commercial buildings, such as office buildings, hotels and motels, restaurants and retail outlets and warehouses. Industry activity is most closely tied to movements in the value of private nonresidential construction, which has only increased at an annualized rate of 0.1% over the five years to 2018. However, several supporting factors including expansions in consumer spending and the number of businesses in Ohio, which have increased at an annualized rate of 1.3% and 0.3%, respectively, have supported industry revenue growth. Additionally, a declining national office rental vacancy rate, which declined an annualized...purchase to read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 13-18
4.0%
Forecast Growth 18-23
Profit
Employment
9,029
Businesses
2,183

Industry Threats & Opportunities

  • A recovery in downstream business activity has increased the number of contracts available for tender
  • Additional Insights for the Commercial Building Construction in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Commercial Building Construction in Ohio 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 Value of private nonresidential construction in Ohio and Office rental vacancy in the Commercial Building Construction in Ohio industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Commercial Building Construction in Ohio 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
  • Construction management at-risk
  • Design-build contracts
  • Design, bid and build contracts
  • Construction management agency
  • IDP Contracts
  • 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
  • Similar Industries
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Heavy Engineering Construction
  • Commercial Leasing
  • Architects
  • 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
  • Industrial Building Construction in Florida
  • Commercial Building Construction in Florida
  • Commercial Building Construction in Massachusetts
  • Industrial 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
  • Value of private nonresidential construction in Ohio
  • Office rental vacancy
  • Corporate profit
  • Consumer spending in Ohio
  • Yield on 10-year Treasury note

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Commercial Building Construction in Ohio Industry Lifecycle vs The Economy

  • 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
  • Construction management at-risk
  • Design, bid and build contracts
  • Construction management agency
  • Design-build contracts
  • IDP Contracts
  • Chart: Commercial Building Construction in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Commercial building construction markets
  • Office building construction markets
  • Amusement and recreation building construction markets
  • Lodging construction markets
  • Chart: Major Market Segmentation for the Commercial Building Construction in Ohio Industry

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

  • Basis of Competition
    Barriers to Entry
    Elford Inc., Gilbane Building Company, Kokosing Construction Company Inc., Messer Construction Company,
  • Table: Elford Inc. - financial performance
  • Table: Gilbane Building Company - financial performance
  • Table: Kokosing Construction Company Inc. - financial performance
  • Table: Messer Construction Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Commercial Building Construction in Ohio 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 Commercial Building Construction in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Office Rental Vacancy Rate (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Commercial Building Construction in Ohio contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    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 Ohio:
    • 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 Ohio 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 Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear