Industry Analysis & Industry Trends
The Factory and Industrial Building Construction industry is responsible for the construction of a wide variety of buildings, ranging in construction complexity from simple tilt-wall warehouse space to sophisticated purpose-built laboratories that deliver high-security and humidity-controlled environments. The industry is the smallest of the non-residential building industries, with revenue projected at $6.5 billion in 2014-15. This represents an increase of 3.4% on the previous year due to the return of investment to the industrial property market as a result of the relatively high yields and signs of stronger general economic growth.
The industry is projected to record strong revenue growth of an annualised 4.6% over the five years through 2014-15... purchase to read more
Industry Report - Industry Products Chapter
Industry firms provide contract building construction services to industrial property developers, acting mainly as prime contractors or joint venture-developers. Some industry participants also act as subcontractors.
Firms operating as prime contractors on new industrial building projects generate the bulk of industry revenue and are increasingly involved in both the design and construction phases of the project. Prime contractors take responsibility for the procurement and specification of building materials and the recruitment of skilled labour and subcontractors. They also consult with architects, financial providers and building regulators... purchase to read more