What Are The 5 Primary Or Major Sectors Of The Construction Industry
In the following we’ll be discussing a vital topic that’s “What are the five primary sectors of the construction industry?” and will discuss it within the article thoroughly. There are five primary sectors of the construction industry which are as follows:
- Residential building
- Commercial building
- Heavy Civil Construction
- Industrial Construction
- Environmental Construction
Each sector is characterized by different means, methods, and materials of construction. The type of equipment, the type of structural Framework, the manufacturers, the suppliers, the specialty contractors, and even the source of funding vary from each sector.
Each sector required specific expertise and familiarity in order to optimize the construction operations and management efforts. Therefore, the majority of builders focus their attention on only one sector a market of the industry. Furthermore, each sector has a particular “personality” for character. So let’s take a closer look at each of these sectors. For this top builders in Gurgaon are doing a great work.
1. Residential Building
Residential construction actually addresses the housing needs of society. Housing construction takes many forms: individual homes, apartments, condominiums, townhouses, and prefabricated units like modular and manufactured homes. Individual homes are classified as single-family dwellings. Apartment condominiums and townhouses are all referred to as multi-family dwellings.
Residential construction is typically funded by private individuals or developers for their own use or for sale. Builders of individual homes generally fall within one of the three categories: they are custom builders constructing one-of-a-kind homes for specific customers on specific lots, they are single-family small- volume builders who built 25 or fewer homes a year, or they are single-family production builders who build more than 25 homes a year.
2. Commercial Building
This act of the industry primarily addresses the needs of commerce, trade and government and makes up about a third of the total construction market. This is the category that includes banks, schools, office buildings, hotels, shopping malls, religious facilities, basketball stadiums, theatres, universities, amusement parks, hospital, courthouses, government buildings, and other facilities where people gather. These projects may range in size from small medical office to large high-rise office buildings to state-of-the-art biotechnology facilities. The building cost are significantly higher than with residential construction, and the project duration is much longer. It is not uncommon for commercial project last three years or more.
Funding of these types of building projects may be private, public or combined in a special private-public partnership.
3. Heavy Civil Construction
This sector of the industry impacts all of society in a very big way. Often referred to as horizontal construction, the heavy civil sector includes roadways, bridges, tunnels, dams, airports, and railways. Basically, any work that is associated with infrastructure, transportation, and how we move about involves the heavy civil construction market. Similar to the industrial sector, heavy civil projects are really complex, generally high-dollar endeavors that take special engineering know-how.This market is big and growing larger each day. The need for building and rebuilding of our nation’s roadways, airports, sewage plants, and bridges is great.
These projects are typically designed by civil engineers, and often the construction management team has a strong background in civil engineering as well. Heavy civil construction firms are generally very large operations which will offer opportunities nationally and internationally. However, the heavy civil sector of the industry is difficult to enter because of the huge capital outlay required for entry, not to mention the specialized knowledge required to be successful.
4. Industrial Construction
This sector of the industry is highly specialized and requires firm with vast resources and significant construction and engineering expertise. The number of contractors qualified to actually work with in the industrial sector is quite limited. The project types included in this category are defined primarily by the production activities that occur within the power. Manufacturing plants, oil refineries, electrical genera ting facilities, steel mills, chemical processing plants as well as pipelines are all examples of industrial construction projects.
5. Environmental Construction
Although some people may lump environmental construction under the heavy civil category, it is unique enough to have its own classification, especially considering the increase in market share that this sector is currently experiencing and probably will for a few time to come. Generally, this sector of the industry is comprised of projects that improve the environment, maintain public health, and contribute to a community’s quality of life.
Think clean water, sanitary sewers, and waste management. And although these projects may not seem very glamorous at first glance, in reality, they represent one of the most vital sectors of the industry and one that demands a significant investment in order to sustain our communities.