The specialty construction contractor 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 on a contractual basis for the main builder or owner.
The top five companies covered are Vinci SA,Acs, Actividades De Construcción Y Servicios, Quanta Services Inc, Kier Group and Comfort Systems USA, Inc. Vinci SA was the largest company in the specialty trade contractors market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Specialty construction contractors Market Size
The global specialty construction contractors market was valued at close to $4 trillion in 2017. Asia Pacific was the largest region in the specialty construction contractors market in 2017, accounting for around 38% market share. The USA was the largest country in the market in 2017, accounting for around 20% market share.
Specialty construction contractors Market Trend
Specialty construction 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.
Specialty Construction Contractors Global Market Segmentation
Specialty construction contractors market is segmented into Building Equipment Contractors, Building Finishing Contractors, Foundation, Structure, And Building Exterior Contractors, and Other Specialty Construction Contractors.
Building Equipment Contractors include electrical contractors and other wiring installation contractors, plumbing, heating and air-conditioning contractors and other building equipment contractors.
Building Finishing Contractors include drywall and insulation contractors, painting and wall covering contractors, flooring contractors, tile and terrazzo contractors, finish carpentry contractors and other building finishing contractors.
Foundation, Structure and Building Exterior Contractors are involved in completing the basic structure, i.e. foundation, frame and shell of buildings.
Other Specialty Construction Contractors include site preparation contractors and all other specialty construction contractors. They are involved in specialty trade such as billboard erection, outdoor swimming pool construction, driveway paving, fence installation, interlocking brick and block installation and steeplejack work.