1. Market Research
  2. > Construction and Building Market Trends
  3. > Specialty Contractor

The business of Contractors: must-read reports and analysis

 
  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
2 votes
Share

Global Specialty Contractor Industry Analysis

 

The world construction industry expanded over 30% between 2010 and 2015 to reach over $3 trillion, according to MarketLine.

 

Selected by general contractors and architects, specialty contractors play a central role in the design and construction of structures. Certain specialty contractors make a fundamental contribution to projects, for example a structural steel specialty contractor can build the frame of an entity. Often projects require several specialty contractors whose roles may sometimes overlap, for example, a steel fabricator may fulfill a role of engineering design, or an architect may opt to work with both a structural engineer and a steel fabricator who then work together.

 

 

Construction encompasses a range of activities from site preparation, building new structures, and altering, maintaining and repairing existing structures. Various types of outfits are involved in the industry including general contractors, subcontractors and specialty trade contractors who carry out specific practices such as electrical work and plumbing. General construction refers to structures such as buildings, while heavy and civil engineering construction refers to the building of larger infrastructures like tunnels, sewers and bridges.

 

Key Segments

 

  • The US electrical contracting industry generates more than $130 billion yearly and is comprised of more than 70,000 electrical contracting outfits with more than 650,000 employees combined, reports the National Electrical Contractors Association.

 

  • The world market for roofing and insulation is expected to reach $105 billion by 2015, according to Global Industry Analysts. The market is being fuelled by the global economic rebound and a consequent rise in demand for new construction in the residential and non-residential sectors. Demand will be particularly strong in emerging regions such as Latin America and Asia-Pacific. Insulation alone is expected to see 5% yearly expansion through 2014, according to Freedonia, to reach almost 23 billion square meters of R-1 value. Residential construction in the US will push insulation market growth to a double-digit rate through 2014. Demand in Western Europe will rise at a far more rapid rate than in the five-year period ending 2009.

 

  • The global demand for asphalt is predicted to rise at a yearly rate of 2% through 2013, according to Freedonia, to over 105 million metric tons. A rebound in the US construction industry and increased demand in developing markets will fuel market growth. Lower levels of construction in Eastern and Western Europe, Africa-Mideast and Latin America will decelerate asphalt demand gains. Over 80% of asphalt is used to make asphalt cement and paving materials.

 

  • The world commercial glazing market is expected to reach a value of almost $105 billion by 2015, reports Global Industry Analysts. Lower construction costs and state-imposed standards concerning energy efficiency through double and triple glazing are among the driving factors for this market segment. Strong growth in construction in Asia-Pacific, especially in India and China, will also fuel growth.

 

  • According to Freedonia, US demand for siding is predicted to expand at a rate of 6.5% yearly through 2014 to almost $11.5 billion, or nearly 201 million squares. The most dynamic siding segments will be cement, fiber and brick siding.

 

  • The global wood flooring market is expected to reach almost 9 billion square feet by 2015, according to Global Industry Analysts. Market growth is predicted to take off again as the economic downturn eases.

 

  • The world ceramic tile market is expected to reach almost 93 billion square feet by 2015, according to Global Industry Analysts. The global ceramic tiles market is concentrated in the EU and Asia-Pacific, which represent over 80% of the overall market.

 

 

US Single -Family Construction Cost Breakdown History

 

  2007 2009 2011
Building permit fees 1,7% 1,9% 1,7%
Impact Fee 1,4% 1,4% 1,5%
Water and sewer inspection 1,6% 1,7% 1,6%
Excavation, Foundation and Backfill 7% 7,1% 9,3%
Steel 0,8% 0,7% 0,5%
Framing and trusses 15,8% 15,6% 13,5%
Sheathing 1,6% 1,7% 1,2%
Windows 2,9% 2,8% 3,3%
Exterior doors 0,9% 0,9% 1,2%
Interior doors and hardware 1,5% 1,5% 1,6%
Stairs 0,8% 0,8% 0,6%
Roof Shingles 3,2% 3,8% 2,9%
Siding 5,7% 5,8% 4,7%
Gutters and downspouts 0,4% 0,4% 0,5%
Plumbing 5,4% 5,3% 6%
Electrical wiring 3,9% 3,7% 4,4%
Lighting fixtures 1% 1,1% 1,2%
HVAC 3,9% 4% 4,8%
Insulation 1,6% 1,5% 1,8%
Drywall 5,1% 5,1% 4,4%
Painting 3,4% 3,4% 3,3%
Cabinets and countertops 5,7% 5,6% 5,6%
Appliances 1,7% 1,6% 2%
Tiles and carpet 5% 5,1% 4,5%
Trim material 3,1% 3,3% 2%
Landscaping and sodding 2,8% 3,2% 3,5%
Wood deck and patio 0,7% 0,9% 1%
Asphalt driveway 1,4% 1,4% 1,5%
Other 9,7% 8,6% 10,6%
Total ($) 219,015 222,511 184,125

 

Source: NAHB Construction Cost Survey, 2007-2011

 

 

Market Outlook

 

As the economic recession subsides, the contracting sector will see business pick up. The building and construction industry was hit hard by the global financial crisis but economic recovery will pave the way back to healthy market growth. Market expansion will be across the board with asphalt demand fuelled by repair activity across all regions and increased roofing activity as the construction industry rebounds.

 

Environmentally conscious consumers and government legislation will see a move toward more energy efficient buildings. This will boost commercial glazing and insulation markets alike. Growing demand for electrical appliances, such as fridges and freezers, will also fuel demand for insulation.

 

 

Leading Industry Associations

 

 

 

You might be interested in these related markets

 

Understand the Specialty Contractor Industry Quickly & Get Actionable Data Easily. The Latest Reports with Statistics & Trends from Top Industry Sources
1-10 of about 600 reports

The future of the Specialty Contractor Industry in Germany

  • January 2014
    7 pages
  • Specialty Contr  

  • Germany  

View report >

Specialty Contractor Markets in the UK

  • June 2014
    13 pages
  • Specialty Contr  

  • United Kingdom  

    Europe  

View report >

Specialty Contractor Industry in Canada and the US

  • January 2014
    10 pages
  • Flooring  

    Flooring Contra  

    Hardwood Floori  

  • Canada  

    United States  

    World  

View report >

Specialty Contractor Demand Analysis in China Forecast

  • January 2013
    19 pages
  • Specialty Contr  

    Construction an  

  • China  

    Asia  

View report >

Specialty Contractor Industry in New Zealand

  • July 2013
    17 pages
  • Insulation  

    Wall Insulation  

    Insulation Cont  

  • New Zealand  

View report >

Specialty Contractor Industry in South Africa Forecast

  • January 2013
    9 pages
  • Specialty Contr  

  • South Africa  

View report >

The future of the Specialty Contractor Industry in Kuwait

  • June 2015
  • Kuwait  

    India  

    United Arab Emi  

View report >

Global Floor Covering Market Trends Forecast

  • May 2015
    3 pages
  • Floor Covering  

    Flooring  

  • Asia  

    United States  

    World  

View report >

Construction Aggregate Industry in the US

  • May 2015
    7 pages
  • Construction Ag  

    Cement  

    Roofing  

  • United States  

View report >


About 300 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 99 - $ 6 000)

Analysis of the Global Thermal Insulation Market

Analysis of the Global Thermal Insulation Market

  • $ 6 000
  • Industry report
  • May 2015
  • by Frost & Sullivan

Rising Energy Prices Coupled with Dynamic Building Energy Codes and Directives to Drive Growth The study presents an assessment of the current status and future prospects of the global thermal insulation ...

Flooring Market By Type, Materials, Application, & By R ...

June 2015 $ 4 650

Roofing Materials Markets In China

May 2015 $ 4 000

Tile & Terrazzo Contractors World Report

July 2015 $ 3 047

Global Vacuum Insulation Panel (vip) Industry Report 20 ...

May 2015 $ 2 600

Global Roofing Material Market 2015-2019

June 2015 $ 2 500

Global Insulation Market 2015-2019

June 2015 $ 2 500

Global Light Vehicle Oe Glazing Market- Forecasts To 20 ...

April 2015 $ 2 294

Tile & Terrazzo Contractors South America Report

July 2015 $ 1 953

Tile & Terrazzo Contractors Europe Report

July 2015 $ 1 953

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.