Moving up: A weakening of demand from the manufacturing sector will slow revenue growth

The Industrial Building Construction industry in Ohio has performed modestly over the five years to 2018. Due to Ohio's large manufacturing sector, industry revenue growth in the state is mostly tied to movements in manufacturing gross domestic product (GDP) in Ohio, and movements in the industrial production index. Industry revenue growth has been supported by an annualized 1.8% increase in the manufacturing GDP of Ohio and also by an annualized 1.0% increase in the national industrial production index. Furthermore, in Ohio, the annual value of private manufacturing construction put in place increased 21.0% each year between 2016 and 2017 (latest full-year data).This industry was affected severely by the Great Recession, with declines in industry revenue bottoming out in 2012...purchase to read more.

Industry Statistics & Market Size
Revenue
$866m
Annual Growth 13-18
1.4%
Forecast Growth 18-23
Profit
Employment
3,884
Businesses
139

Industry Threats & Opportunities

  • This industry is anticipated to follow movements in the growth of manufacturing GDP in Ohio
  • Additional Insights for the Industrial Building Construction in Ohio Industry

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

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    What's in this report

    What is the Industrial Building Construction in Ohio 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
  • 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
  • Industrial Building Construction in Florida
  • Commercial Building Construction in Florida
  • Commercial Building Construction in Massachusetts
  • 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 Ohio
  • Value of private nonresidential construction in Ohio
  • Industrial production index
  • Yield on 10-year Treasury note

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Industrial Building Construction in Ohio 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
  • Renovations
  • Other
  • Specialty services
  • Construction management services
  • Chart: Industrial Building Construction in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Utilities and power generation
  • Manufacturing and industrial production
  • Waste (excluding sewage) disposal customers
  • Chart: Major Market Segmentation for the Industrial 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 Industrial Building Construction in Ohio

  • Basis of Competition
    Barriers to Entry
    Bechtel Corporation, Gilbane Building Company, Jacobs Engineering Group Inc., Turner Construction Company,
  • Table: Bechtel Corporation - financial performance
  • Table: Gilbane Building Company - financial performance
  • Table: Jacobs Engineering Group Inc. - financial performance
  • Table: Turner Construction Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Industrial 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 Industrial Building Construction in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Industrial Production Index (2009-2023)

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

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