Industry Analysis & Industry Trends
The Factory and Industrial Building Construction industry constructs a variety of buildings, ranging in complexity from simple tilt-wall warehouse space to sophisticated purpose-built laboratories with high security and humidity-controlled environments. The industry's performance responds to trends in demand from several segments of the economy, notably the Manufacturing, Mining and Agriculture divisions. Much recent industry activity has focused on the construction of warehousing and distribution facilities to meet demand generated from the Wholesale and Retail Trade divisions and the upward trend in merchandise trade.
Over the five years through 2016-17, industry revenue is projected to decline by an annualised 2.9% to total $5.6 billion... purchase to read more
Industry Report - Industry Products Chapter
Industry firms provide construction services to industrial property developers, acting mainly as prime contractors or joint venture-developers but also as subcontractors. Industry firms operating as prime contractors on industrial building projects generate the bulk of industry revenue and are increasingly involved in both the design and construction of projects. Prime contractors take responsibility for the procurement and specification of building materials and the recruitment of skilled labour and subcontractors.
The construction of warehouses, distribution facilities and logistics centres is the industry's largest segment, accounting for an estimated 61.7% of revenue in 2016-17... purchase to read more