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Commercial construction industry comprises companies that operate by primarily in the field of construction that build structures in the form of complexes, malls or any hospitality venues. The industry's growth has been a remarkable example how well and how fast an industry grows in a span of short period of time. The way urban life expanded and developed, it is a clear sign that shows there is still a long way to go and gain more revenues from the customers and provide more services and offers simultaneously. This industry includes firms that are primarily responsible for work on the construction such as new work, additions, alterations, maintenance and repairs of office, retail, hotel, agricultural and entertainment buildings. Participants are general contractors or project managers. This industry excludes institutional buildings such as hospitals and schools, heavy industrial buildings such as factories and power plants, or infrastructure such as communications towers or oil pipelines. Operators in this industry construct commercial and industrial non-residential buildings. They also perform alterations, renovations and general repairs of commercial and industrial buildings, and organize and manage construction.听

The recession decimated demand for industry services, as vacancy rates for retail space escalated. In response, the federal government implemented numerous initiatives in 2010 to assist the industry in a rapid turnaround. The Commercial Building Construction industry has a low level of capital intensity, with operators spending an estimated $0.04 on capital for every dollar spent on labor. The industry has become increasingly dependent on subcontractor labor to improve efficiency and decrease operating costs. As a result, building starts have picked up due to falling vacancy rates and rising consumer spending over the past five years. Revenue is anticipated to continue its upward trend over the next five years. The industry is set to benefit from the increased migration of the population toward metropolitan areas; additionally, stronger sentiment toward green and sustainable construction will further push up demand. Nonetheless, companies require a skilled workforce. Industry firms also need access to low cost inputs to develop effectively tender on projects and remain competitive. Over the five years to 2018, wages will increase at an estimated annualized rate of 4.0%, reflecting the industry's focus on keeping project costs low for project bidding purposes

Commercial Construction Industry Trends

The industry has a low concentration of ownership, with the four largest contractors generating about 21.3% of annual industry revenue. However, relatively few firms are capable of constructing large-scale landmark projects such as sporting stadiums and multi-storey office complexes. Nonetheless, since work on these projects tends to have a disproportionate effect on general market trends, a few large firms exercise some degree of influence even though market concentration is low. The bulk of industry establishments (92.5%) employ fewer than 10 people, and only 0.5% of businesses employ more than 100. Two-thirds of contracting firms generate annual revenue of less than 拢250,000, and just 2.3% have annual revenue of more than 拢5.0 million.

The Commercial Building Construction industry has endured a sustained decline over the past five years as its primary markets plummeted into a recession brought on by the financial crisis and took industry operators down with them. Private investment in commercial and industrial premises has slumped in response to adverse trends in company profitability, employment and household spending. In the public sector, the government's fiscal austerity measures have involved cuts to funding for institutional buildings, notably schools and hospitals. Over the five years through 2013-14, industry revenue is expected to decline at a compound annual rate of 9.9% to 拢14.7 billion.听

Major Commercial Construction Players

Major players in the commercial construction industry include Balfour Beatty, KBR Building Group, Whiting Turner Contracting, Hyundai Engineering and Construction, China State Construction Engineering Corp, OHL SA, Royal BAM Group, Consolidated Contractors Group, Samsung Engineering, FCC, and Strabad SE.听