Concrete Contractors in Canada Industry Market Research Report Now Available from IBISWorld

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A quick turnaround from recessionary declines and subdued progress have led revenue to grow marginally over the past five years; in the coming years, Canadian construction markets are projected to progress steadily, and concrete contractors will perform in kind. For these reasons, industry research firm IBISWorld has added a report on the Concrete Contractors industry to its growing industry report collection.

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Although the industry will expand, an unstable housing market will suppress growth

The Concrete Contractors industry plays a central role throughout Canada's construction sector. Virtually, every newly built structure requires concrete, typically as a building's foundation, floor, internal superstructure or exterior cladding. Concrete is used heavily for raising office buildings, retail structures (e.g. malls, sports stadiums and civic centres), and in energy infrastructure and other industrial buildings. Many contractors rely on the single-family housing market, which provides smaller operators with a high volume of contracts each year. With demand dispersed among many downstream construction markets, Canada's recession in 2008 and 2009 led to two years of sharp industry contraction. However, a quick turnaround in 2010 and more subdued progress since have led industry revenue to grow at a slow annualized rate of 0.5% to $4.5 billion in the five years to 2013. IBISWorld expects revenue to contract 5.5% in 2013, though, in response to the cooling Canadian housing market.

As more contractors enter the industry during the coming five years and underbid established players to gain business, margins are forecast to record limited growth. Like most specialty construction industries, the Concrete Contractors industry has a low level of market share concentration. Overall, the industry is composed of small-scale enterprises that serve a single local area and work on single-family homes and smaller commercial structures, such as stand-alone retail stores. The vast majority of operators have one office or location, and the average crew has six workers. The few nationwide companies compete for lucrative energy infrastructure projects or massive commercial structures like sports arenas, leaving the local markets to area contractors. IBISWorld expects concentration to rise slightly during the next five years as the single-family housing market cools from its cyclical high and investment into energy infrastructure continues, particularly in Alberta.

Canadian construction markets are projected to progress steadily during the five years to 2018, and concrete contractors will perform in kind. An unstable housing market, a primary source of contracts for the industry's small operators, will preclude more robust growth. After overbuilding before the recession and a rapid rebound in 2010, single-family housing markets are overheated in many areas and will demonstrate volatile performance during the next five years, limiting industry growth in the process. For more information, visit IBISWorld’s Concrete Contractors in Canada industry report page.

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IBISWorld industry Report Key Topics

Establishments in this industry primarily pour, build and finish concrete foundations and structural elements like retaining walls and private driveways and walks. Industry firms also perform grout and shotcrete work. The work performed may include new work, additions, alterations, maintenance and repairs.

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 and Canadian 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
IBISWorld
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