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The US Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)

Best Price Guarantee Length Publisher Published Date SKU
from $1,495 88 Pages GlobalData September, 2024 GBDT19324736
Best Price Guarantee
Price from $1,495
Length 88 Pages
Publisher GlobalData
Published Date September, 2024
SKU GBDT19324736

The US Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)


Summary

GlobalData’s Construction in the US and Key States - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information and insights into the US' construction industry, including -
  • The US construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the US' construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
GlobalData expects the US construction industry to grow by 3.7% in real terms in 2024. Growth will be supported by both public and private investments in manufacturing, renewable energy, and transportation projects, as the government looks to invest heavily through public schemes like the Inflation Reduction Act (IRA) and the CHIPS and Science Act, whilst also encouraging private investment through the Infrastructure Investment and Jobs Act (IIJA). According to the White House, in total private companies had pledged $642 billion, between 2021 and 2024, in the Manufacturing the Future program, with an additional $285 billion announced for transportation investments in roads, bridges and transportation. Additionally, the government has also offered investment for electric school buses and other public transit, Electric Vehicle (EV) charging, and other initiatives, all as part of the Investing in America program. This initiative, which is aimed at boosting domestic industries, was further assisted in May 2024, when the Biden-Harris Administration announced tariffs on the import of semiconductors, solar cells, syringes, and needles would be increased from anywhere between 25% to 50%. Furthermore, the Environmental Protection Agency awarded $20 billion in federal grants in August 2024 to nonprofit organization alongside eight community development banks to expand clean energy projects. This included the installation of residential heat pumps, community cooling centers and EV charging stations.

Scope

This report provides a comprehensive analysis of the construction industry in the US. It provides -
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in the US, 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 our 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 business strategies using GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors


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 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 Construction in Key US States
5.1 California
Outlook
Latest news and developments
5.2 Florida
Outlook
Latest news and developments
5.3 Texas
Outlook
Latest news and developments
5.4 New York
Outlook
Latest news and developments
5.5 Pennsylvania
Outlook
Latest news and developments
5.6 Georgia
Outlook
Latest news and developments
5.7 Illinois
Outlook
Latest news and developments
5.8 Ohio
Outlook
Latest news and developments
5.9 Washington
Outlook
Latest news and developments
5.1 North Carolina
Outlook
Latest news and developments
6 Key Industry Participants
6.1 Contractors
6.2 Consultants
7 Construction Market Data
8 Appendix
8.1 What is this Report About?
8.2 Definitions
8.3 CRI Methodology
About GlobalData
Contact Us
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), 2019-28
Table 4: The US, Top Commercial Construction Projects by Value
Table 5: The US, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: The US, Top Industrial Construction Projects by Value
Table 7: The US, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: The US, Top Infrastructure Construction Projects by Value
Table 9: The US, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: The US, Top Energy and Utilities Construction Projects by Value
Table 11: The US, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: The US, Top Institutional Construction Projects by Value
Table 13: The US, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: The US, Top Residential Construction Projects by Value
Table 15: California, Construction Output by Sector (Nominal $ Billion), 2019-28
Table 16: California, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2019-28
Table 17: Florida, Construction Output by Sector (Nominal $ Billion), 2019-28
Table 18: Florida, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2019-28
Table 19: Texas, Construction Output by Sector (Nominal $ Billion), 2019-28
Table 20: Texas, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2019-28
Table 21: New York, Construction Output by Sector (Nominal $ Billion), 2019-28
Table 22: New York, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2019-28
Table 23: Pennsylvania, Construction Output by Sector (Nominal $ Billion), 2019-28
Table 24: Pennsylvania, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2019-28
Table 25: Georgia, Construction Output by Sector (Nominal $ Billion), 2019-28
Table 26: Georgia, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2019-28
Table 27: Illinois, Construction Output by Sector (Nominal $ Billion), 2019-28
Table 28: Illinois, Construction Output by Sector (Real, $ Billion, 2017 Prices), 2019-28
Table 29: Ohio, Construction Output by Sector (Nominal $ Billion), 2019-28
Table 30: Ohio, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2019-28
Table 31: Washington, Construction Output by Sector (Nominal $ Billion), 2019-28
Table 32: Washington, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2019-28
Table 33: North Carolina, Construction Output by Sector (Nominal $ Billion), 2019-28
Table 34: North Carolina, Construction Output by Sector (Real, $ Billion, 2022 Prices), 2019-28
Table 35: The US, Key Contractors
Table 36: The US, Key Consultants
Table 37: The US, Construction Output Value (Real, $ Billion)
Table 38: The US, Construction Output Value (Nominal, $ Billion)
Table 39: GlobalData Construction Market Definitions
Table 40: Risk Dimensions
Table 41: Ratings, Scores and Definitions
List of Figures
Figure 1: North America, Construction Output (Real % Change), 2022-28
Figure 2: The US, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: The US, Risk Summary
Figure 4: The US, Risk Regional Comparison
Figure 5: The US, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: The US, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: The US, Value of Construction Put in Place ($ Billion, Nominal Seasonally Adjusted), YoY % Change
Figure 8: The US, Number of People Employed in the Construction Industry, In Thousands
Figure 9: The US, Construction Projects Momentum Index
Figure 10: North America, Construction Projects Momentum Index
Figure 11: The US, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 12: The US, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 13: The US, Value of Lodging, Office, and Commercial Construction Put in Place ($ Billion, Nominal), YoY % Change
Figure 14: The US, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 15: The US, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: The US, Total Manufacturing Construction Put in Place ($ Million, Nominal)
Figure 17: The US, Industrial and Manufacturing Production Indices (2017=100, Seasonally Adjusted)
Figure 18: The US, Total Exports ($ Billion, Seasonally Adjusted)
Figure 19: The US, Total Manufacturing New Order Value ($ Billion, Seasonally Adjusted)
Figure 20: The US, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 21: The US, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: The US, Total Transportation Construction Put in Place (US$ Million, Non-Seasonally Adjusted), YoY % Change
Figure 23: The US, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 24: The US, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: The US, Total Power Construction Put in Place (US$ Million, Non-Seasonally Adjusted)
Figure 26: The US, Construction Put in Place on Water Supply and Sewage and Waste Disposal Infrastructure (US$ Million, Non-Seasonally Adjusted)
Figure 27: The US, Total Communication Construction Put in Place (US$ Million, Non-Seasonally Adjusted)
Figure 28: The US, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 29: The US, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: The US, Total Educational, Healthcare, Public Safety and Religious Buildings Construction Value Put in Place (US$ Billion, Seasonally Adjusted)
Figure 31: The US, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 32: The US, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: The US, Total Residential Construction Value Put in Place (US$ Million, Non-Seasonally Adjusted)
Figure 34: The US, Total New Housing Units Permit Authorized (Seasonally Adjusted, In Thousand)
Figure 35: The US, Housing Starts (Unadjusted), In Thousands
Figure 36: The US, New Home Sales, in Thousands, In Seasonally-Adjusted Annual Rate
Figure 37: The US, Price Index of New Single-Family Houses Under Construction (2005=100)
Figure 38: The US Construction Output Value by States, 2023 (Nominal, $ Billion)
Figure 39: The US Construction Output Growth Rate by States, (Nominal CAGR, 2024-28)
Figure 40: California, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Figure 41: California, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 42: California, Construction Employment
Figure 43: Florida, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Figure 44: Florida, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 45: Florida, Construction Employment
Figure 46: Texas, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Figure 47: Texas, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 48: Texas, Construction Employment
Figure 49: New York, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Figure 50: New York, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 51: New York, Construction Employment
Figure 52: Pennsylvania, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Figure 53: Pennsylvania, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 54: Pennsylvania, Construction Employment
Figure 55: Georgia, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Figure 56: Georgia, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 57: Georgia, Construction Employment
Figure 58: Illinois, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Figure 59: Illinois, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 60: Illinois, Construction Employment
Figure 61: Ohio, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Figure 62: Ohio, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 63: Ohio, Construction Employment
Figure 64: Washington, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Figure 65: Washington, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 66: Washington, Construction Employment
Figure 67: North Carolina, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Figure 68: North Carolina, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Figure 69: North Carolina, Construction Employment
Figure 70: The US, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 71: The US, Headquarters of Key Consultants (% of Total Project Pipeline)

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