NAICS 23621 - Industrial Building Construction
This industry comprises establishments primarily responsible for the construction (including new work, additions, alterations, maintenance, and repairs) of industrial buildings (except warehouses). The construction of selected additional structures, whose production processes are similar to those for industrial buildings (e.g., incinerators, cement plants, blast furnaces, and similar nonbuilding structures), is included in this industry. Included in this industry are industrial building general contractors, industrial building operative builders, industrial building design-build firms, and industrial building construction management firms.
Industry trends:
The industrial building construction industry (NAICS 23621) is experiencing several noteworthy trends that are reshaping the sector. One of the most significant trends is the increased emphasis on sustainability and green construction practices. Companies are increasingly integrating eco-friendly building materials and energy-efficient systems to meet regulatory requirements and client demands for environmental responsibility.
Another notable trend is the rise of smart buildings. The integration of IoT (Internet of Things) technology is becoming more prevalent, allowing for enhanced automation, energy management, and predictive maintenance. This trend is driven by the need for operational efficiency and cost savings.
The adoption of modular construction techniques is also gaining momentum. Prefabricated components are used to reduce construction time and labor costs, providing a quicker and more affordable solution for industrial building projects. This method also results in less waste and improved safety on-site.
In terms of forecasts, the near future looks set to see steady growth in industrial building construction driven by robust demand in sectors such as e-commerce, manufacturing, and logistics. As industrial operations expand, the need for new facilities and the redevelopment of existing ones will continue to drive the market forward. Participation in public infrastructure projects and increased government investment in industrial development will further bolster the industry’s prospects.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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