The US construction market was valued at $1.9 trillion in 2021 and the market is expected to grow at an AAGR of more than 3% during 2023-2026. The industry growth in 2022 will be supported by investments in transport, renewable energy, water, and housing projects. The construction industry’s output in the early part of the forecast period could be affected by subdued investor confidence amid a steep rise in construction costs.

The US construction market report provides detailed market analysis, information, and insights into the US construction industry, including the construction industry’s growth prospects by market, project type, and construction activity. Also, it includes critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Polish construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

US construction market overview

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What are the key sectors in the US construction market?

The key sectors in the US construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

Commercial construction market in the US

The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects. The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The pipeline also includes a share of mixed-use developments, which comprise commercial and residential elements. The sector’s output over the forecast period will be supported by the government’s focus on reviving the American tourism sector, coupled with a gradual rebound in tourist arrivals.

Industrial construction market in the US

The pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage projects. The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The sector’s output will be supported by improvement in manufacturing and export activities, coupled with an increase in manufacturing new orders.

Infrastructure construction market in the US

The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects. The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government’s focus on fixing the country’s outdated infrastructure and investing in major transport projects will be the key driver in the infrastructure sector growth.

Energy and utilities construction market in the US

The pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage projects. The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure.

Institutional construction market in the US

The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects. The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings.

Residential construction market in the US

The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects. The project types in this sector include single-family housing and multi-family housing. Throughout 2020 and 2021, the sector was supported by strong demand, low mortgage rates, and demand for bigger living spaces.

US construction market, by sectors

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Who are the key contractors in the US construction market?

The key contractors in the US construction market are Actividades de Construccion y Servicios SA, Tutor Perini Corp, Skanska AB, Kiewit Corp, Parsons Corp, Ferrovial SA, Zachry Construction Corp, The Walsh Group, Webuild SpA, and Granite Construction Inc.

US construction market, by key contractors

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Who are the key consultants in the US construction market?

The key consultants in the US construction market are AECOM, Jacobs Engineering Group Inc, WSP Global Inc, STV Group Inc, Arup Group Ltd, M. Arthur Gensler Jr. & Associates Inc, Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Mott MacDonald Group Ltd, HNTB Corp, and Fluor Corp.

US construction market, by key consultants

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Market report scope

This report provides:

• A comprehensive analysis of the construction industry in USA.
• Historical and forecast valuations of the construction industry in USA, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector.
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants.

Reasons to Buy

• Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level with over 600 time-series data forecasts.
• Understand the latest industry and market trends.
• Formulate and validate strategy using GlobalData’s critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.