Construction Industry

SUMMARY

The global outlook series on the Recording Industry provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an insight into changing music recording landscape, shifting dynamics of the global music business, implications brought about by online/digital music distribution, and the impact of digital piracy and unrestricted online file sharing, among others. The global outlook series enumerates recent noteworthy mergers, and acquisitions. Major regional markets discussed in the report include United States, Canada, Mexico, Japan, Europe, Asia Pacific, and Latin America, among others. The report also includes an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 425 companies worldwide.

TABLE OF CONTENTS

1. Overview 1

• Global Construction Spending 1
  • Table 1: Global Construction Market (2004): Spending in US$ Billion by Select Country - USA, Japan, China, Germany, France, Italy, UK, Spain, and Canada 1
• Leading Global Contractors 1
  • Table 2: Leading Contractors in the Global Construction Market (2005): Revenue in US$ Million for Vinci, Bouygues, HOCHTIEF, China Railway Engineering, Skanska, Bechtel, China Railway Construction, Grupo ACS, Kajima, Taisei, Centex, China State Construction Eng'g, Obayashi, Shimizu, and Strabag 2
• Building Materials Sector in 2007-2008 2
• Green Building Materials Market Soars 3
• Building Materials - Diverse Facets 3
  • Table 3: Global Building Products Market (Flat Glass) (2005): Sales in Million Square Meters by Sector - New Building, Refurbishment, and Interior 3
  • Table 4: Global Building Products Market (Flat Glass) (2005): Sales in ? Million by Sector - New Building, Refurbishment, and Interior 3
• Building Materials Industry: Managing Green Building Materials Market Soars 3
• Building Materials - Diverse Facets 3
  • Table 3: Global Building Products Market (Flat Glass) (2005): Sales in Million Square Meters by Sector - New Building, Refurbishment, and Interior 3
  • Table 4: Global Building Products Market (Flat Glass) (2005): Sales in ? Million by Sector - New Building, Refurbishment, and Interior 3
• Building Materials Industry: Managing Orthodoxy 4
  • A Review of Cement Market 4
  • Cement Pricing 2005-2008 4
    • Table 5: Global Cement Market (2004): Production in Million Tons by Region/ Country - China, EU-25, India, USA, Japan, South Korea, Russia, Brazil, and Others 5
    • Table 6: Global Cement Market (2005): Per Capita Consumption in Tons by Select Country - UAE, Kuwait, Qatar, Bahrain, St. Pierre & Miquelon, Cyprus, Spain, Saudi Arabia, Oman, Singapore, Luxembourg, South Korea, Taiwan, Andorra, and Ireland 5
• Demand Rising for Roofing Materials 6
• Prefabricated Housing 6
  • Types of Prefabricated Housing 6
  • Increased Use of Prefabricated Buildings 6
• Systems-Built Houses: Revolutionizing the Dynamics of the Housing Industry in the UK and the US 6
• Solar Powered Manufactured Homes: A Technological Breakthrough 6
• Double Decker Factory-built Homes: Uncovering a Propitious Niche 7
• Nonresidential Prefabricated Building Systems 7
  • Types of Nonresidential Prefabricated Building Systems 7
• Metal Building Systems: Driving the Market 7
  • Metal Building Systems - Ruling the Agricultural Market 8
• IT Gaining Acceptance in Construction Industry 8
• Construction Equipment Industry 8
  • Table 7: Leading Players in Global Construction Equipment Market (2005 & 2006): Percentage Breakdown of Value Sales for Caterpillar, Komatsu, TEREX, Hitachi Construction Machinery, VOLVE CE, Deere & Co., Liebherr Group, CNH Global, Ingersoll-Rand, Sandvik Mining & Construction, and Others 9

2. Mergers and Acquisitions 10

3. Strategic Corporate Developments 35

4. North America 41

• B2B - Order of the Day 41
• Table 8: Business-to-Business Sales in the US and Canada Construction Market - Annual Sales Figures in US$ Billion and CAN$ Billion for Years 2003 through 2008 42

4a. United States 42

• US Non-Residential Sector to Grow 42
• An Overview 42
  • Table 9: Construction Market in the US (2005 and 2006): Percentage Breakdown of Spending by Category - New Residential, Nonresidential, Nonbuilding, and Residential improvements 43
• Prefabricated Housing 43
  • Manufactured Homes Market 43
  • Cost Imperatives in Manufactured Housing 43
  • Manufactured Homes: The Future Ahead 43
  • Prefabricated Housing - Market Trends 44
    • Table 10: US Prefabricated Housing Market by Product Segment - Manufactured, Modular, Precut, and Panelized Independently Analyzed with Annual Sales Figures in Thousand Units for Years 2003 through 2008 44
• Nonresidential Prefabricated Building Systems 44
• Construction Spending 45
  • Table 11: Construction Market in the US (2005-2008): Spending in US$ Billion by Type - New Residential, Non-residential, Non-building, and Residential Improvements 45
  • Table 12: Construction Market in the US (2005 & 2006): Spending in US$ Billion by Type - Residential Improvements and Maintenance and Repairs 45
  • Table 13: Heavy Construction Market in the US (2004-2007): Spending in US$ Billion by Sector - Streets and Highways, Power, Water and Sewer, Transportation, Communication, and Conservation & Development 45
• Leading Construction Companies 46
  • Table 14: Leading Companies in the US Construction Industry (2005): Revenue in US$ Million for EMCOR Group, Comfort Systems USA, Lennox Retail, American Residential Services/Rescue Rooter, Kinetic Systems, Limbach Facility Services, Residential Services Group, PPL Energy Services Holdings, American Plumbing & Mechanical, ACCO Engineered Systems, FirstEnergy Facilities Services, Southland Industries, Roto-Rooter, Therma, and John J. Kirlin 46
• Construction Contractors - Overview 47
  • Table 15: Leading Commercial Contractors in the US Construction Industry (2005): Revenue in US$ Million for The Turner, Clark Group, The Whiting-Turner Contracting, Hensel Phelps Construction, Hunt Construction Group, Perini, PCL Construction Enterprises, The Weitz, M.A. Mortenson, Bovis Lend Lease, Duke Construction, Dick Corp., Swinerton, Webcor Builders, and Holder Construction 47
  • Table 16: Leading Institutional Contractors in the US Construction Industry (2005): Revenue in US$ Million for The Turner Corp., Gilbane Building, JE Dunn Construction Group, Centex Construction, McCarthy Building, Skanska USA Building, Bovis Lend Lease, PCL Construction Enterprises, Clark Group, The Whiting-Turner Contracting, Brasfield & Gorrie, Hensel Phelps Construction, Kraus-Anderson Construction, Perini, and Sundt Construction 48
  • Table 17: Leading K-12 Contractors in the US Construction Industry (2005): Revenue in US$ Million for The Turner Corp., Gilbane Building, Adolfson & Peterson Construction, Skanska USA Building, CORE Construction Group, Kraus-Anderson Construction, Clark Group, Hunt Construction Group, McCarthy Building, Manhattan Construction, C.W. Driver, The Whiting-Turner Contracting, Sundt Construction, S.J. Amorroso Construction, and Alberici 49
• Labor Force - Strengths and Weaknesses 49
• Design Issues 50
• Business Strategies 50
• Technology 50
  • Table 18: US State and Local Water Supply Facility Construction Expenditure Analyzed with Annual Figures in US$ Billion for Years 2003 through 2006 50
  • Table 19: US Construction Industry' Internet Service Expenditure Analyzed with Annual Figures in US$ Million for Years 2003 through 2008 51
  • Table 20: US Construction Completion by Category: Office Buildings, Hotels, Education Buildings, Stores, Warehouses, Healthcare Public Religious Amusement Buildings, and Manufacturing Independently Analyzed with Annual Volume in Million Square Feet for Years 2003 through 2008 51
  • Table 21: Construction Contract Market in the US (2004 & 2005): Value in US$ Billion by Type - Residential Construction, Non-residential Construction, and Infrastructure 51
• The Future of Concrete 52
• Residential Construction 52
  • Table 22: New Residential Construction Market in the US (2005-2007): Revenues in US$ Billion 52
  • Table 23: Residential Building Construction Market in the US (2005-2008): Volume in '000 Units by Region - Northeast, Midwest, South, and West 52
• Housing 53
  • Table 24: Housing Market in the US (2005): Average Household Spending in US$ '000 53
• New Housing Starts 53
  • Table 25: Construction Market in the US (2003-2006): Number of New Housing Starts in Million Units 53
• Non-Residential Construction 53
  • Table 26: Non-residential Construction in the US (2004-2007): Spending in US$ Billion by Sector Type - Education, Commercial, Office, Healthcare, Manufacturing, Amusement and Recreation, Lodging, Public Safety, and Religious 53
  • Table 27: Private Non-residential Construction Market in the US (2003-2005): Value in US$ Million by Region - Northeast, Midwest, South, and West 54
• Private and Public Construction 54
  • Market Trends 54
    • Table 28: Private and Public Construction Market in the US (2005 & 2006): Spending in US$ Billion by Sector - Private, and Public 54
• Hotel and Lodges Construction 54
  • Trends in Lodges Construction Market 54
  • Trends in Hotel Construction Market 54
    • Table 29: Construction of New Hotel Rooms in Thousands in the US (2003-2008) 55
• Specialty Construction Contractors 55
• Design/Construction Firms 55
  • Table 30: Leading Commercial Design Companies in the US Construction Market (2005): Billings in US$ Million for Gensler; HOK; Callison; Heery International; Skidmore, Owings & Merrill; Day & Zimmermann; Carter & Burgess; Fluor; Stantec; and WD Partners 56
  • Table 31: Leading Institutional Design Companies in the US Construction Market (2005): Billings in US$ Million for Fluor, URS, Jacobs Engineering Group, Carter & Burgess, HDR, HOK, HNTB Architecture, Leo A Daly, Cannon Design, and SmithGroup 56
• Construction Equipment Sector 56
  • Exports Minimize Housing Slump Impact 56
• Construction Engineering 56
  • Leading Players - Competitive Factors 56
    • Table 32: Leading Construction Engineering Companies in the US (2005): Revenue in US$ Million for Fluor; Parsons Brinckerhoff; Syska Hennessy Group; KPFF Consulting Engineers; Martin Associates Group; Weidlinger Associates; Affiliated Engineers; TLC Engineering for Architecture; Smith Seckman Reid; Birdsall Services Group; R.G. Vanderweil Engineers; Clark, Richardson & Biskup Consulting Engineers; Schirmer Engineering; Walter P. Moore; Henderson Engineers; TMAD Taylor & Gaines; Flack + Kurtz; M-E Engineers; Rolf Jensen & Associates; and KJWW Engineering Consultants 57
• Building Materials 58
  • Construction Materials Supply - No Longer a Major Concern 58
  • Aggregates Market Insight 58
• Construction Management 58
  • Market Trends 58
  • Leading Players - Competitive Environment 58
  • Regulating Factors 58

4b. Canada 59

• Canada: Hub for Construction Raw Material in North America 59
• Construction Investment 59
  • Table 33: Construction Investment Market in Canada (2005-2008): Value in CAN$ Million by Sector - Non-residential and Residential 59
• Construction Industry - Employment Status 59
  • Table 34: Canadian Construction Market (2005-2008): Employment Levels 59

5. Japan 60

• Overview 60
  • Table 35: Construction Investment Market in Japan (2005-2007): Value in US$ Billion by Sector - Public and Private 60
  • Table 36: Construction Market in Japan (2003-2005): Number of Housing Construction Starts in '000 Units 60
• Leading Players - Corporate Strategies 60
  • Table 37: Leading Construction Companies in Japan (2004): Revenues in Y Billion for Taisei, Kajima, Shimizu, and Obayashi 60

6. Europe 61

• Overview 61
  • Table 38: Construction Market in Europe (2007): Percentage Breakdown of Value Sales by Segment - New Residential, New Non-residential, R & M Non-residential, New Civil Engineering, R & M Residential, and R & M Civil Engineering 61
  • Table 39: Construction Market in the European Union (EU-15) (2005): Percentage Breakdown of Investment by Country - Germany, France, Spain, United Kingdom, Italy, and Others 61
  • Table 40: Construction Market in Europe (2005): Percentage Breakdown of Investment to Aggregate Investment by Select Country - Ireland, Luxembourg, Finland, Spain, Netherlands, Austria, Greece, UK, Germany, and Portugal 62
  • Table 41: Construction Market in Europe (2005): Percentage Breakdown of Construction Investment to GDP by Select Country - Ireland, Spain, Greece, Luxembourg, Austria, Finland, Netherlands, Portugal, France, and Italy 62
• Housing Completions 63
  • Table 42: Construction Market in Europe (2003-2008): Number of Housing Completions in Million Units 63
• Prefabricated Housing 63
  • Steel: An Upsurging Potential for Enduring and Variable Constructions 63
• European Construction Output 63
  • Table 43: Construction Market in Europe (2003-2008): Aggregate Construction Output in ? Billion 63
  • Table 44: Construction Market in Europe (2005): Percentage Breakdown of Aggregate Construction Value Output by Country - Spain, Germany, UK, Italy, France, and Others 64
  • Table 45: Construction Market in Europe (2005): Percentage Breakdown of Aggregate Construction Value Output by Sector - New Residential, Residential Renovation, Civil Engineering, New Non-residential, and Non-residential Renovation 64
  • Table 46: Construction Market in Europe (2003-2008): Consumption in Thousand Metric Tons by Product Type - Sheet Molding Compound/Bulk Molding Compound, and Poly-Oxy-Methylene Plastic Resins 64
  • Table 47: Construction Market in Western Europe (2003-2008): Consumption in Thousand Metric Tons by Product Type - Plastic, Styrene Copolymer, and Poly-Methyl Methacrylate 65
• Construction Equipment Market 65
  • Table 48: Leading Players in European Construction Equipment Market (2006): Percentage Breakdown of Volume Sales for JCB, Caterpillar, Volvo, Komatsu, CNH, IR, Manitou, Kubota, and Others 65

6a. Finland 66

• Table 49: Earth Moving Equipment Market in Finland (2006): Percentage Breakdown of Volume Sales by Product Segment - Crawler Excavators, Wheel Loaders, Mini Excavators, Wheel Excavators, Skid Steer Loaders, and Backhoes 66

6b. France 66

• Construction Spending 66
  • Table 50: Housing Market in France (2003-2005): Number of Housing Starts in Units 66

6c. Germany 67

• Overview 67
  • Table 51: Construction Market in Germany (2006-2009): Value in ? Billion 67
• Forecast 67
• Consumer Preferences 67
• Prefabricated Housing 67
  • Unfinished Prefabricated Houses Becoming Popular 67
  • German Prefabricated Housing on an Eco-Drive 67
  • Government Policies Threaten Growth Prospects 67
    • Table 52: Paints & Coatings Market in Germany (2003-2008): Consumption in Value (? Million) and Volume ('000 Tons) by Construction Sector 68

6d. Ireland 68

• Overview and Outlook 68
  • Table 53: Construction Market in Ireland (2003-2005): Total Construction Output in ? Million by Sector - Residential, Productive Infrastructure, Non-residential, and Social Infrastructure 68

6e. Italy 69

• Overview 69
  • Table 54: Construction and Renovation Market in Italy (2003-2008): Revenue in ? Billion by Type - New Residential Construction, New Non-residential Construction, Renovation, and Building 69

6f. Northern Ireland 69

• Overview 69
• Economic Scenario 69

6g. Poland 70

• Table 55: Earth Moving Equipment Market in Poland (2006): Percentage Breakdown of Volume Sales by Product Segment - Backhoes, Wheel Loaders, Mini Excavators, Wheel Excavators, Crawler Excavators, and Skid Steer Loaders 70

6h. Russia 70

• Russian Construction Industry Continues to Grow 70
• Do-It-Yourselfers Making In-roads into the Russian Market 70

6i. Spain 71

• Overview 71
• Construction Investment 71
• Construction Approvals 71
  • Table 56: Construction Market in Spain (2003-2005): Number of New Home Construction Approvals in Units 71
  • Table 57: Earth Moving Equipment Market in Spain (2006): Percentage Breakdown of Volume Sales by Product Segment - Backhoes, Skid Steer Loaders, Crawler Excavators, Wheel Loaders, Mini Excavators, and Wheel Excavators 71

6j. Sweden 72

• Table 58: Earth Moving Equipment Market in Sweden (2006): Percentage Breakdown of Volume Sales by Product Segment - Wheel Loaders, Crawler Excavators, Wheel Excavators, Mini Excavators, Skid Steer Loaders, and Backhoes 72

6k. The United Kingdom 72

• Aggregates Market 72
  • Table 59: Construction Market in the UK (2004-2008): Output in ? Million by Sector - Commercial, New Housing, Public Non- housing, Infrastructure, and Industrial 72
  • Table 60: Building Materials Market in the UK (2004-2008): Value in US$ Billion 73
  • Table 61: Construction Market in the UK (2003-2005): New Orders of Contractors in ? Million by Sector - New Housing and Total Infrastructure 73
• IT Penetrates the Construction Industry 73

6l. The Netherlands 73

• Outlook 73
  • Table 62: Residential Building Market in the Netherlands (2003-2008): Number of Completed Homes in Thousands 74

7. Asia Pacific 74

7a. Australia 74

• An Overview 74
• Cement Market 74

7b. New Zealand 75

• Kitset Housing: A New Zealand Prodigy 75

8. Asian Perspective 75

8a. China 76

• Overview 76
• Private Sector Construction On the Rise 76
• Leading Contractors 76
  • Table 63: Leading Contractors in the Chinese Construction Industry (2005): Revenue in US$ Million for China Railway Engineering, China Railway Construction, China State Construction Engineering, China Metallurgical Group, China Harbour Engineering Company (Group) (CHEC), Shanghai Construction (Group) General, Sinohydro, China Road & Bridge Corporation (CRBC), Beijing Construction Engineering, and Zhejiang Construction Investment Group 77
• Crests and Troughs - The Market Trend 77
• Construction - The Fastest Growing Industry 77
• Commercial Construction 78
  • Table 64: Commercial Construction Market in China (2005 & 2010): Volume in Million Square Meters by Category - Floor Space Under Construction, and Construction Completed 78
• Market Trends 78
  • Table 65: Commercial Building Construction Market in China (2003-2008): Materials Demand in Thousands Metric Tons by Category - Cement & Concrete, Roofing Materials, Water Proofing Coatings & Seals, Insulation Materials, and Architecture Paints 78
  • Table 66: Commercial Building Construction Market in China (2003-2008): Materials Demand in Millions Square Meter by Type - Ceramic Tiles, and Flooring 79
• Building Coatings 79
• End-Use Applications 79
  • Table 67: Coatings for Buildings in China (2003-2008): Demand in Thousand Tons 79
• Ceramic Tiles 79
  • Table 68: Ceramic Tiles Market in China (2003-2008): Demand in Million Square Meter by Application - Residential Buildings, and Commercial Buildings 80
• Commercial Roofing Material 80
  • Table 69: Commercial Roofing Materials Market in China (2003-2008): Demand in Thousand Metric Tons by Type - Asphalt Roll Roofing, Elastometric Roofing, and Other Roofing Materials 80
• Flat Tiles 81
  • Table 70: Flat Tiles Market in China (2003- 2008): Demand in Millions of Weight Cases 81
  • Table 71: Flat Tile Market in China (2003-2008): Volume Sales in Millions of Weight Cases for Residential Purposes 81
• Flat Glass 81
  • Table 72: Flat Glass Market in China (2003-2008): Demand in Millions of Weight Cases by Application - Residential Buildings and Commercial Buildings 82
• Cement and Concrete 82
  • Table 73: Cement and Concrete Market in China (2003-2008): Demand in Million Metric Tons by Application - Residential and Commercial 82
  • Cement Industry Structure 83
  • Construction Equipment Market 83
  • Table 74: Leading Players in the Chinese Construction Equipment Market (2006): Percentage Breakdown of Volume Sales for Liugong, XEMC, Longgong, Lingong, XCMG, and Others 83
  • Table 75: Leading Players in the Chinese Domestic Wheeled Loaders Market (2006): Percentage Breakdown of Volume Sales for China Infrastructure Machinery Holdings, Guangxi Liugong Machinery, Xiamen Engineering Machinery, Linyi Machinery, Xuzhou Machinery, Shanghai Machinery, Chengdu Machinery, Changlin, and Others 84
  • Table 76: Leading Players in the Chinese Domestic Excavators Market (2006): Percentage Breakdown of Volume Sales for Doosan Daewoo, Komatsu China, Hitachi Hefei, Caterpillar Xuzhou, Hyundai Jingcheng, Hyundai Jiangsu, Yuchai, Kobelco, Volvo, and Others 84

8b. India 85

• Construction Sector 85
  • Market Snapshots 85
• Building Materials Sector Overview 85
  • An Overview of the Cement Industry 85
  • Indian Government Cuts Duty on Cement Imports 85
  • Cement - Key Facts 86
    • Table 77: Cement Market in India (2003- 2006): Production in Million Tons 86
    • Table 78: Cement Market in India (2003- 2006): Consumption in Million Tons 86
    • Table 79: Cement Market in India (2003-2006): Exports in Million Tons 86
    • Table 80: Cement Market in India (2005): Percentage Breakdown of Volume Exports by Country - Nepal, South Africa, Sri Lanka, UAE, Qatar, Maldives, Kuwait, and Others 86
    • Table 81: Leading Producers in the Indian Cement Market (2005 & 2006): Production in '000 Tons for The Associated Cement Companies, Gujarat Ambuja, Grasim, Ultratech, India Cements, Century Textiles, Jaypee Group, JK Group, Birla, Lafarge, and Others 87
• Construction Equipment Sector 87
  • Overview and Outlook 87
  • Industry Structure 87

8c. Indonesia 88

• Market Trends 88
• Government Initiatives 88
• Building Products Industry - Key Statistics 88
  • Table 82: Building Products Market in Indonesia (2003-2005): Imports and Exports in US$ Million 88
  • Cement 88
    • Industry Overview 88
    • Indonesia Bans Sand Exports 88
  • Welded Steel Pipe 89
  • Pricing Factors & Applications 90
    • Table 87: Welded Steel Pipe Market in Indonesia (2003-2008): Consumption in Thousand Tons for Building Construction 90

9. The Middle East 90

• Construction Equipment Market 90
• Cement Market Overview by Region 90
  • Egypt 90
  • Iran 91
  • Saudi Arabia 91
• Cement Companies to Face Supply Surplus 91
  • Turkey 91

9a. UAE 91

• Overview 91
• Construction Contractors 92
  • Table 88: Leading Contractors in the UAE Construction Market (2006): New Contract Value in US$ Million for Arabtec Construction, Arabian Construction Company (ACC), Al-Hamad Contracting Company (DCE), Saudi Oger, Dubai Contracting Company, Al-Shafar General Contracting, Six Construct, Shimizu Corporation, Alec, and Consolidated Contractors International Company (CCC) 92
  • 10. Latin America 92
• Prefabricated Housing Market in Jamaica 92

10a. Mexico 93

• Boom in Housing Sector 93
• Opportunities for US Builders in Mexico 93