Specialty Trade Contractors Market Global Briefing 2018

Specialty Trade Contractors Market Global Briefing 2018
Starting Price : $ 1000.00 | Pages : 38 | Published : December 2017

SKU CODE : 2801 | Format :

The specialty trade contractors industry includes establishments involved in performing specific activities such as pouring concrete, site preparation, plumbing, painting and electrical work related to construction of buildings. These establishments are not responsible for an entire construction project but perform activities such as new work, additions, alterations, maintenance and repairs. This industry is further classified as – i) Foundation, Structure And Building Exterior Contractors, ii) Building Equipment Contractors, iii) Building Finishing Contractors and iv) Other Specialty Trade Contractors

The global specialty trade contractors construction market was estimated to be around $3650 billion as of 2017. The global specialty trade contractors construction made up less than 22% of the overall construction market in 2017. The specialty trade contractors construction market was the smallest market in the global construction market in 2017.

Prefabrication Of Construction Projects - Specialty trade contractors are using prefabrication techniques to optimize construction process and reduce construction time.  Prefabrication refers to construction of building elements off-site. Prefabrication enhances quality control, improves consistency, reduces risks and helps in mitigating safety hazards. Bathroom pods, headwalls, pipe racks and assemblies, raceways and conduit banks and junction boxes are some of the prefabricated components being used by electrical and plumbing contractors. According to the 2012 Productivity Survey by FMI, a US-based management consulting firm, about 69% of construction contractors used prefabrication in their projects.  Integrated Electrical Services (IES) Inc., one of the largest electrical contractors in the U.S., is developing and using prefabricated electrical systems in its construction projects.

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