Glass and Glazing Contractors in the US Industry Market Research Report Now Available from IBISWorld

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The collapse of the housing market and the ensuing credit crisis brought both residential and commercial construction to a near halt and severely constrained demand for glass and glazing contractors in the past five years. Having made it through the recession, contractors now have a recovery to look forward to. Both the residential and nonresidential building markets are forecast to grow over the coming years, and demand for industry services will consequently follow. Demand from institutional buildings like hospitals and educational facilities will continue to be solid, while renewed demand from the residential sector will significantly benefit the industry's many small contractors. For these reasons, industry research firm IBISWorld has added a report on the Glass and Glazing Contractors industry to its growing industry report collection.

IBISWorld Market Research

IBISWorld Market Research

The recovery in downstream construction markets will drive the industry's return to growth

Operators in the Glass and Glazing Contractors industry primarily work in residential and commercial buildings installing glass curtain wall, glass windows, glass doors, glass room dividers, and many other glass products. Demand for industry services is determined by the level of new construction, repairs and renovation activity across key building markets. “In the five years to 2012, the total collapse of the housing market and the ensuing credit crisis brought both residential and commercial construction to a near halt and severely constrained demand for glass and glazing contractors,” says IBISWorld industry analyst Andrea Alegria. Consequently, industry revenue is expected to decline at an average annual rate of 5.3% to about $9.0 billion in 2012.

The bulk of Glass and Glazing Contractors industry revenue is derived from work on nonresidential buildings, and the balance is derived from work in the housing market. The industry has a particularly low level of ownership concentration, and is characterized by many small-scale companies operating in distinct geographic markets. Larger contractors tend to specialize in the installation of curtain wall and exterior facades on office buildings and other commercial properties, while smaller operators tend to specialize in the residential markets. “The recession caused a significant contraction in the US business sector, resulting in steep declines in new construction and renovation activity across most commercial markets,” adds Alegria. “The industry battled a difficult economic environment characterized by stalled or canceled spending on new construction projects in the private and public sectors.” Firms increasingly relied on solid working relationships with past clients in order to keep crews busy and maintain profit margins. As demand dwindled, many industry operators slashed prices, putting pressure on margins, which became especially difficult to endure for smaller operators. Industry employment declined during the five year period as backlogs dwindled and the volume of work available declined, creating a surplus of laborers.

As the economy recovers and the lending markets open up, investment dollars have started boosting new construction activity and demand for industry work is improving. Industry revenue is estimated to grow over 2012, largely due to an uptick in renovation work brought on by growing corporate profit and consumer spending. In the five years to 2017, downstream construction markets are expected to return to growth, further driving revenue. For more information, visit IBISWorld’s Glass and Glazing Contractors in the US industry report page.

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IBISWorld industry Report Key Topics

Companies in this industry primarily select, cut and install glass panels for large windows, glass doors, skylights and sunroom additions in all types of buildings. The glasswork performed includes new work, additions, alterations, maintenance and repairs. This industry does not include the installation, tinting and repair of automotive glass.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
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