FMI’s 2011 U.S. Markets Construction Overview

Senior managements need to be looking beyond the current turmoil and toward what their companies will look like coming out of the down cycle.

02/14/2011


FMI, a provider of management consulting and investment banking to the engineering and construction industry, announces the release of its 2011 U.S. Markets Construction Overview, offering insight into some of the engineering and construction industry’s most complex business challenges.

This year’s Overview consists of three major pieces: a compilation of trends in the current environment, important issues facing nine client groups served by FMI and the fourth quarter 2010 economic forecast.

A few highlights include:

  • Nonresidential building construction has experienced a steep decline, which will extend well into 2011.
  • Many trade contractors will shift to new market sectors to bolster weak backlogs.
    • Lodging, office and commercial are overbuilt.
    • Population growth is driving demand for healthcare, education and public safety sectors.
  • More competition for fewer private jobs is increasing bidders on public projects.
  • Sustainable or green construction will drive demand for LEED-certified buildings.
  • Labor-intensive contractors hired heavily during the boom are now experiencing painful downsizing.
  • Innovation is driving efficiencies in prefabrication, standardization and supplier integration.
  • As the baby boomers age out, many firms will face succession and transition challenges.
  • Industry consolidation will create attractive acquisition opportunities.

FMI publishes the U.S. Markets Construction Overview annually. The Overview includes a comprehensive report on vital construction trends and forecasts the growth or decline in each market segment, noting both short-term and long-term considerations.

- Edited by Gust Gianos, CFE Media, Consulting-Specifying Engineer, www.csemag.com



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
System integration: Best practices and technologies to help; Virtualization virtues; Cyber security advice; Motor system efficiency, savings; Product exclusives; Road to Hannover
Collaborative robotics: How to improve safety, return on investment; Industrial Internet of Things, Industrie 4.0: World views; High-performance HMI, Information Integration: OPC and OMG
9 tips: How to integrate a servo system; Process control mathematical models; Serial network grounding; Engineers' Choice Awards; Learn from cyber security mistakes
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
PLCs, robots, and the quest for a single controller; how OEE is key to automation solutions.
Learn how Industry 4.0 adds supply chain efficiency, optimizes pricing, improves quality, and more.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
click me