North America Infrastructure Construction Market Size, Trends, Analysis by Countries, Sector and Segment Forecast to 2026

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Published: July 07, 2023 Report Code: GRCREG000007CN-BB

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North America Infrastructure Construction Market Report Overview

The North America infrastructure construction market size is projected to reach $371.6 billion in 2023 and is expected to register a compound annual growth rate (CAGR) of 6.9% over the forecast period. The regional growth momentum is driven by the US’s $1.2 trillion Infrastructure Investment and Jobs Act (IIJA). According to the White House, more than $160 billion of transportation projects were initiated in the first year of the IIJA’s implementation.

Among the investments, the US Department of Transportation (USDOT) and Federal Highway Administration (FHWA) initiated approximately $120 billion in Federal Highway Apportionments for highways and bridges for fiscal years 2022 and 2023.

North America Infrastructure Construction Market Outlook, 2019-2026 ($ Billion)

North America Infrastructure Construction Market Outlook, 2019-2026 ($ Billion)

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The North America infrastructure construction sector is expected to rise by 11.7% in 2023, aided by increased investments and steady progress in roadway project developments. However, previous to 2023, the overall trend in the regional infrastructure sector suffered a negative trend owing to inflation pressure, high-interest rates, labor shortages, and weak consumer demand.

Over the forecast period, the trend is expected to improve at a significant rate with regional governments stepping up to make investments in public infrastructure and push for the development and upgradation of the transportation and supply chain sector.

Market Size (2023) $371.6 billion
Market Size (2026) $505.3 billion
CAGR (2022-2026) 6.9%
Historic Period 2016-2021
Forecast Period 2022-2026
Report Scope & Coverage Sector Overview, Construction Output Value ($ Million), Project Pipeline by Country and Sector, Regional Outlook by Key Sectors, Top 20 Project Details by Sector
Key Sectors Roads, Railways, Electricity and Power, Water and Sewage, Others
Key Countries US and Canada

North America Infrastructure Construction Market Segmentation by Sectors

The North America infrastructure construction industry covers railways, roads, water and sewage, electricity and power, and others. The electricity and power segment is anticipated to dominate the overall market share in 2023.

Electricity and Power: This segment is poised to account for the largest regional share in terms of construction output value in 2023. The shift to renewable energy sources will define the power generation project pipeline in North America, with a small percentage of carbon-based power plants in the project pipeline.

There is a concerted effort by the US and Canada to heavily reduce carbon emissions by increasing public investment and subsidies in renewable energy production, setting emission targets, and increasing regulation and taxes on high-emission industries.

North America Infrastructure Construction Market Share by Sectors, 2023 (%)

North America Infrastructure Construction Market Share by Sectors, 2023 (%)

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Roads: The segmental growth of this category is primarily driven by public investments to modernize and rehabilitate the current state of the roadway infrastructure in the region. The IIJA investment of $1.2 trillion remains a key factor prompting the growth in roadway work in the US. According to the US Census Bureau, the spending on highway and street construction rose sharply by 9.1% annually in 2022 in nominal terms, representing an increase of 10.5% over the values spent in the pre-pandemic levels of 2019.

Road construction demand in Canada will be supported by a raft of provincial investment programs, including the Government of Alberta’s $5.9 billion investment on transport infrastructure over the next three financial years.

Water and Sewage: This category is estimated to register the third largest regional share in 2023. Water and sewage infrastructure is already relatively well developed in most parts of North America, owing to the advancement of the US and Canadian economies. However, freshwater pollution remains a major issue in the US due to rapid industrialization and urbanization in the country, coupled with a lack of regulation.

Estimates suggest that up to half of all freshwater sources in the US are contaminated with industrial and urban waste. Moreover, the impact of climate change in the country is already threatening the supply of freshwater. Addressing these issues is likely to require steady investment in this field.

Railways: The regional railway infrastructure sector in terms of construction output value is estimated to register the second-fastest compound annual growth rate (CAGR) of 7.4% over the forecast period. The trend toward the construction of high-frequency railways in the region is likely to pick up over the coming years.

In an encouraging development, Canada’s Ministry of Transport announced a significant step forward in the procurement process for the High-Frequency Rail project in February 2023, which involves developing the High-Frequency Rail line between Québec and Toronto for more than 800km, with the potential to increase speeds beyond 200km per hour.

Others: This category comprises marine, ports, inland waterways, and airports. The strength of the US domestic air transport sector has kept the overall industry in North America relatively buoyant over the past three years, but the decline in the number of international travelers has had a significant adverse effect on the industry nonetheless in terms of airlines’ revenues and delays in airport construction projects.

The sharp rise in demand coupled with labor shortages at many ports in the US led to long backups of cargo ships off the North American coastline, imposing significant costs on the US economy, and hindering the recovery from COVID-19.

North America Infrastructure Construction Market Analysis by Region

The North America infrastructure construction is primarily influenced by the spending dynamics of the US and Canada. Both these countries are developed in terms of economic capacity and continue to strive towards the development and upgradation of existing infrastructural networks. Among these two countries, the US is likely to account for a significant regional share in terms of construction output value as well as project pipeline value.

The infrastructure project pipeline in the US displays 57.0% of the sites under execution and pre-execution stage, more than 36.0% undergoing planning, and the remaining in the pre-planning phase. The infrastructure construction sector in the US is expected to increase by 11.9% this year, aided by increased investments and steady progress in roadway project developments. During the forecast period, the sector’s output will be bolstered by the implementation of projects under the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) scheme.

North America Infrastructure Construction Market Share by Country, 2023 (%)

North America Infrastructure Construction Market Share by Country, 2023 (%)

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The US infrastructure activity are estimated to observe significant rise in investment over the coming years. According to the US Census Bureau, the spending on highway and street construction rose sharply by 9.1% annually in 2022 in nominal terms, representing an increase of 10.5% over the values spent in the pre-pandemic levels of 2019. In addition, the Federal government’s investments in major transportation projects will assist contractors in addressing the constraints of rising inflation, mortgage rates and avoid project delays and cost overruns.

Canada is also increasing public investment in renewable energy projects as a part of the ‘Growth Plan’ between 2021-2023, CAD2.5 billion ($2 billion) has been earmarked for clean energy projects. Neoen, a French renewable energy company, announced in January 2023 that it had begun the construction of a 93MW solar power plant in Starland County, Alberta.

The Canada federal government announced in January 2023 that it is increasing its funding contribution for upgrades to an airport in the Northwest Territories by CAD80 million ($62.1 million). As of January 2023, the government announced that it spent CAD230 million ($178.4 million) to extend and modernize the runway at Inuvik’s airport. Overall, the project is aimed to extend the runway by 914m and modernize lighting, its navigational system, and a military aircraft arrestor system.

North America Infrastructure Construction Market Segments and Scope

North America Infrastructure Construction Market Sectors Outlook (Value, $ Billion, 2016-2026)

  • Railway
  • Road
  • Electricity and Power
  • Water and Sewage
  • Others

North America Infrastructure Construction Market Countries Outlook (Value, $ Billion, 2016-2026)

  • US
  • Canada

Scope

  • North America infrastructure construction market outlook: analysis as well as historical figures and forecasts of revenue opportunities from the sector and regional segments.

  • The report provides an overview of the outlook for the North America infrastructure construction industry to 2026.

  • Analysis of the outlook for infrastructure investment in major countries: US and Canada.

  • Insight into the project pipelines for roads, railways, electricity and power, water and sewage, and others.

Key Highlights

The North America infrastructure construction market size globally will be evaluated at $371.6 billion in 2023. The infrastructure construction market in North America is expected to grow at a CAGR of 6.9% during 2022-2026.

Reasons to Buy

  • Evaluate regional trends in infrastructure development from insight into output values and project pipelines. Identify the fastest growers to enable assessment and targeting of commercial opportunities in the markets best suited to strategic focus.

  • Identify the drivers in the North America infrastructure construction market and consider growth in developed economies. Formulate plans on where and how to engage with the market while minimizing any negative impact on revenues.

  • Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in the North America infrastructure construction market.

Key Players

Table of Contents

  • CHAPTER 01 Overview

  • CHAPTER 02 Sector Overviews

    • 2.1 Railways

    • 2.2 Roads

    • 2.3 Electricity and Power

    • 2.4 Water and Sewage

    • 2.5 Others

  • CHAPTER 03 Project Pipelines

    • 3.1 All Infrastructure Projects

      • 3.1.1 Railway Projects

      • 3.1.2 Road Projects

      • 3.1.3 Electricity and Power Projects

      • 3.1.4 Water and Sewage Projects

      • 3.1.5 Other Projects

  • CHAPTER 04 North America Infrastructure Construction Regional Trends

    • 4.1 North America Infrastructure Construction Market Data

      • 4.1.1 US Infrastructure Construction Market Data

      • 4.1.2 Canada Infrastructure Construction Market Data

  • CHAPTER 05 Research Methodology

    • 5.1 Introduction

    • 5.2 Research Methodology Steps

      • 5.2.1 Data Collection and Consolidation

      • 5.2.2 Modelling and Estimation

      • 5.2.3 Forecasting and Validation

  • CHAPTER 06 About GlobalData

  • Contact Us

Table

Table 1 North America Infrastructure Construction Output, by Country (Real, $ 2017 Billion), 2016–2026. 8

Table 2 All North America Infrastructure Construction, Project Pipeline Value by Stage and Key Countries ($ Million) 19

Table 3 All North America Infrastructure Construction, Project Pipeline Value by Stage and Sector ($ Million) 19

Table 4 Top 20 Railway Projects by Value. 24

Table 5 Top 20 Road Projects by Value. 27

Table 6 Top 20 Electricity and Power Projects by Value. 30

Table 7 Top 20 Water and Sewage Projects by Value. 33

Table 8 Top 20 Airport Projects by Value. 36

Table 9 Top 20 Other Projects by Value. 37

Table 10 North America Infrastructure Construction Output Value, by Sector (Real $ Billion), 2016–26. 39

Table 11 US Infrastructure Construction Output Value, by Sector (Real $ Billion), 2016–26. 39

Table 12 Canada Infrastructure Construction Output Value, by Sector (Real $ Billion), 2016–26. 40

Figures

Fig.1 North America Infrastructure Construction Output Value (Real $ Billion) and Growth (% Change) 7

Fig.2 Global Infrastructure Construction Output Value by Region (Index, 2016 = 100) 8

Fig.3 Railway Infrastructure Output (% of GDP) vs Population Density per Km of Rail 9

Fig.4 Railway Infrastructure Output (% of GDP) vs Efficiency of Train Services. 10

Fig.5 Railway Infrastructure Construction Output Value, % of GDP, Average of Time Period. 10

Fig.6 Railway Infrastructure Construction Output Value (Real $ Million) 11

Fig.7 Road Infrastructure Output (% of GDP) vs Quality of Roads. 12

Fig.8 Road Infrastructure Output (% of GDP) vs Road Connectivity. 12

Fig.9 Road Infrastructure Construction Output Value, % of GDP, Average of Time Period. 13

Fig.10 Road Infrastructure Construction Output Value (Real $ Million) 13

Fig.11 Electricity and Power Infrastructure Output (% of GDP) vs Electricity Power Losses. 14

Fig.12 Electricity and Power Infrastructure Output (% of GDP) vs Electricity Quality. 15

Fig.13 Electricity and Power Construction Output Value, % of GDP, Average of Time Period. 15

Fig.14 Electricity and Power Construction Output Value (Real $ Million) 16

Fig.15 Water and Sewage Infrastructure Output (% of GDP) vs Reliability of Water Supply. 16

Fig.16 Water and Sewage Infrastructure Output (% of GDP), Access to Safely Managed Sanitation. 17

Fig.17 Water and Sewage Infrastructure Construction Output Value, % of GDP, Average of Time Period. 17

Fig.18 Water and Sewage Infrastructure Construction Output Value (Real $ Million) 18

Fig.19 Others Infrastructure Construction Output (% of GDP) vs Efficiency of Seaport Services. 18

Fig.20 All North America Infrastructure Construction, Project Pipeline Value by Stage ($ million) 20

Fig.21 All North America Infrastructure Construction, Project Pipeline Value by Stage and Sector ($ Million) 20

Fig.22 All North America Infrastructure Construction, Project Pipeline Value by Stage and Key Countries ($ Million) 21

Fig.23 All North America Railways, Project Pipeline by Stage ($ Million) 22

Fig.24 All North America Railways, Project Pipeline by Stage and Key Countries ($ Million) 22

Fig.25 All North America Railways, Project Pipeline by Funding Type and Key Countries (% of Total) 23

Fig.26 All North America Railways, Project Pipeline Rail Length by Completion Year (km) 23

Fig.27 All North America Railways, Pipeline Value by Railway Type ($ Million) 24

Fig.28 All North America Roads, Project Pipeline by Stage ($ Million) 26

Fig.29 All North America Roads, Project Pipeline by Stage and Key Countries ($ Million) 26

Fig.30 All North America Roads, Project Pipeline by Funding Type and Key Countries (% of Total) 27

Fig.31 All North America Roads, Project Pipeline Length by Completion Year (km) 27

Fig.32 All North America Electricity and Power, Project Pipeline by Stage ($ Million) 29

Fig.33 All North America Electricity and Power, Project Pipeline by Stage and Key Countries ($ Million) 29

Fig.34 All North America Electricity and Power Generation, Project Pipeline by Type and Stage ($ Million) 30

Fig.35 All North America Electricity and Power Generation, Capacity Additions by Completion Year (MW) 30

Fig.36 All North America Water and Sewage, Project Pipeline by Stage ($ Million) 32

Fig.37 All North America Water and Sewage, Project Pipeline by Stage and Key Countries ($ Million) 32

Fig.38 All North America Water and Sewage, Project Pipeline by Funding Type and Key Countries ($ Million) 33

Fig.39 All North America Other, Project Pipeline by Stage ($ Million) 35

Fig.40 All North America Other, Project Pipeline by Stage and Key Countries ($ Million) 35

Fig.41 All North America Other, Project Pipeline by Funding Type and Key Countries ($ Million) 36

Fig.42 Research Methodology Steps. 43

Fig.43 Core Objectives of Data Collection and Consolidation. 44

Fig.44 Modelling Approach. 45

Fig.45 Forecasting and Validation Flow.. 46

Fig.46 GlobalData Proposition and Product Capabilities. 47

Fig.47 GlobalData Sector Coverage. 48

Fig.48 Supporting business-critical decision making at the largest & most successful companies. 48

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