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United States of America (USA) Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

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

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

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

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

US construction market, by key consultants

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Market report scope

Market size (Year – 2021) $1.9 trillion
Growth rate (AAGR) >3% (2023 to 2026)
Forecast period 2022-2026
Key sectors Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction
Key contractors 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
Key consultants 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

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.

Table of Contents

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 COVID-19 Status

3.5 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

7.4 GlobalData Construction

Contact Us

List of Tables

List of Tables

Table 1: Construction Industry Key Data

Table 2: The US, Key Economic Indicators

Table 3: The US, Commercial Construction Output by Project Type (Real % Change), 2017-2026

Table 4: The US, Top Commercial Construction Projects by Value

Table 5: The US, Industrial Construction Output by Project Type (Real % Change), 2017-2026

Table 6: The US, Top Industrial Construction Projects by Value

Table 7: The US, Infrastructure Construction Output by Project Type (Real % Change), 2017-2026

Table 8: The US, Top Infrastructure Construction Projects by Value

Table 9: The US, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-2026

Table 10: The US, Top Energy and Utilities Construction Projects by Value

Table 11: The US, Institutional Construction Output by Project Type (Real % Change), 2017-2026

Table 12: The US, Top Institutional Construction Projects by Value

Table 13: The US, Residential Construction Output by Project Type (Real % Change), 2017-2026

Table 14: The US, Top Residential Construction Projects by Value

Table 15: The US, Key Contractors

Table 16: The US, Key Consultants

Table 17: The US, Construction Output Value (Real, $ Million)

Table 18: The US, Construction Output Value (Nominal, $ Million)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

List of Figures

List of Figures

Figure 1: North America, Construction Output (Real % Change), 2020-2026

Figure 2: The US, Construction Output by Sector (Real % Change), 2020-2022 and 2023-2026

Figure 3: The US, COVID-19 Confirmed Cases

Figure 4: The US, Risk Summary

Figure 5: The US, Risk Regional Comparison

Figure 6: The US, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-2026

Figure 7: The US, Construction Output Value, by Sector (Real, $ Million), 2017-2026

Figure 8: The US, Value of Construction Put in Place (US$ Billion, Seasonally Adjusted), Y-o-Y % Change

Figure 9: The US, Real Gross Output of the Construction Industry, in 2012 Chained Prices, In US$ Billion, Seasonally Adjusted at Annual Rates

Figure 10: The US, Number of People Employed in the Construction Industry, In Thousands

Figure 11: The US, Construction Projects Momentum Index

Figure 12: Region, Construction Projects Momentum Index

Figure 13: The US, Commercial Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 14: The US, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 15: The US, Value of Lodging, Office and Commercial Construction Put in Place (US$ Billion, Seasonally Adjusted), Y-o-Y % Change

Figure 16: The US, Total International Visitor Arrivals, In Thousands

Figure 17: The US, Total Retail Sales Value (In US$ Billion, Seasonally Adjusted)

Figure 18: The US, Industrial Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 19: The US, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 20: The US, Total Manufacturing Construction Put in Place (US$ Million, Non-Seasonally Adjusted)

Figure 21: The US, Industrial and Manufacturing Production Indices (2017=100, Seasonally Adjusted)

Figure 22: The US, Total Exports (US$ Billion, Seasonally Adjusted)

Figure 23: The US, Total Manufacturing New Order Value (US$ Billion, Seasonally Adjusted)

Figure 24: The US, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 25: The US, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 26: The US, Total Transportation Construction Put in Place (US$ Million, Non-Seasonally Adjusted), Y-o-Y % Change

Figure 27: The US, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 28: The US, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 29: The US, Total Power Construction Put in Place (US$ Million, Non-Seasonally Adjusted)

Figure 30: The US, Construction Put in Place on Water Supply and Sewage and Waste Disposal Infrastructure (US$ Million, Non-Seasonally Adjusted)

Figure 31: The US, Total Communication Construction Put in Place (US$ Million, Non-Seasonally Adjusted)

Figure 32: The US, Institutional Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 33: The US, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 34: The US, Total Educational, Healthcare, Public Safety and Religious Buildings Construction Value Put in Place (US$ Billion, Seasonally Adjusted)

Figure 35: The US, Residential Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 36: The US, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 37: The US, Total Residential Construction Value Put in Place (US$ Million, Non-Seasonally Adjusted)

Figure 38: The US, Total New Housing Units Permit Authorized (Seasonally Adjusted, In Thousand)

Figure 39: The US, Housing Starts (Unadjusted), In Thousands

Figure 40: The US, New Home Sales, in Thousands, In Seasonally-Adjusted Annual Rate

Figure 41: The US, Price Index of New Single-Family Houses Under Construction (2005=100)

Figure 42: The US, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 43: The US, Headquarters of Key Consultants (% of Total Project Pipeline)

Frequently Asked Questions

The construction market size in the US was valued at $1.9 trillion in 2021.

 

 

 

 

The construction market in the US is expected to grow at an AAGR of more than 3% during 2023-2026.

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

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.

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.

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