Toronto, Canada (PRWEB) September 19, 2017
To analyze the survey results, respondents were divided by revenue range, allowing for greater analysis and distinguishability regarding the small, medium and large mechanical contracting businesses across a wide variety of questions.
From this survey, two reports were created:
- The Mechanical Contracting Industry Outlook
- The Growth and Survival Guide for Mechanical Contractors
Mechanical Contracting Industry Outlook
In the Mechanical Contracting Industry Outlook, respondents were surveyed on questions pertaining to their business outlook, predicted future costs, as well as forecasted sales and revenue, while being asked to provide their perception into how the mechanical contracting industry is growing, expanding, and evolving. Furthermore, responses were compared and contrasted with survey results from other trades to see how mechanical contractors stack up as compared to the rest of the construction industry.
- Mechanical contractors expect revenue to grow and outpace the industry standard.
- Smaller mechanical contractors are having difficulty finding their footing.
- Large mechanical businesses are optimistic and growing, outpacing the industry standard.
- Mechanical contracting businesses are increasing prices to meet demands of rising industry costs.
- Technology is playing a bigger role for mechanical contractors as compared to the industry average.
Growth and Survival Guide for Mechanical Contractors
This report provides insight into the typical growth progression of a mechanical contractor, the challenges mechanical contracting business are facing today, as well as proven solutions for success. The Growth and Survival Guide for Mechanical Contractors also lists the top five trends within the mechanical contracting industry, speaking to the current strengths, weaknesses, and areas of improvement, as identified by mechanical contractors. Additionally, this guide looks at mechanical contracting companies across all revenue ranges that are thriving within the industry today, and how they achieved their success.
- Leveraging mobile is difficult for everyone, but especially for large mechanical businesses.
- Mechanical contractors are having trouble retaining employees and keeping them satisfied.
- The mechanical contracting industry is extremely competitive among all revenue ranges.
- Mechanical contractors are having trouble developing efficient processes.
- Communication is a strong area for mechanical contractors.
To access the complete 2018 Mechanical Contracting Industry Outlook, click HERE.
For the 2018 Growth and Survival Guide for Mechanical Contractors, click HERE.
For all inquiries regarding this study, such as questions, interview requests, or partnerships, please contact:
Content Marketing Specialist
Jonas Construction Software
905.470.4600 x 2431
This research was conducted between March-May of 2017 across North America with the goal of determining the current state of the mechanical contracting industry, as well as learning more about how mechanical contractors foresee their business changing moving forward. Survey questions were organized by categories such as overall industry outlook, revenue, and expenses, with the same questions being posed to all segments. Inveniam Solutions, a research and advisory company focused on customer behavior analytics, analyzed the data for this survey. Inveniam partners with business leaders to drive intelligent growth in B2B organizations.
About Jonas Construction
Jonas Construction Software is a fully integrated and automated construction and service management software solution, designed to help businesses improve productivity and increase profitability. At Jonas, they make it easier for companies to focus on what is important - their customers, their projects and their employees. Jonas does this by streamlining their operations and giving better visibility to the entire organization. For over 25 years, Jonas has steadily developed and improved their product, constantly striving to meet the needs and requirements the construction and service industries today. Backed by Constellation Software Inc. (CSI), a global software company that acquires and builds high market share, mission-critical vertical market software companies, Jonas is dedicated to building software that meets the ever-changing needs of the construction industry. To learn more about Jonas Construction Software, please visit http://www.jonasconstruction.com.
About Construction World
Construction World is the home of all things construction. Their goal is to provide informative, thought-provoking articles and blog posts that are tailored specifically to the construction industry. Focusing on growing trends, they deliver relevant and educational topics to enhance knowledge and increase awareness. With a unique perspective on the way they deliver content, Construction World was designed to offer tangible value, reflecting all areas of the construction industry. They strive to engage, inform, and create open dialogue about the ever-changing world of construction. To learn more about Construction World, please visit http://www.constructionworld.org.