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

Pages: 58 Published: September 30, 2022 Report Code: GDCN1008MR

The USA construction market size was valued at $2 trillion in 2021 and is projected to achieve an AAGR of more than 3% during 2023-2026. The industry is expected to rebound after COVID-19, owing to investment in the transport, electricity, housing, and manufacturing sectors.

The USA construction market research report provides detailed market analysis, information, and insights into the USA construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the USA 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.

Report Overview

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USA Construction Market Segmentation by Sectors

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

Residential construction: The residential construction sector growth will be driven by the government’s focus on building affordable housing units in the country. Forecast-period growth in the residential construction sector will also be supported by public and private sector investment in housing projects, in order to address the current housing deficit in the country.

Commercial construction: The sector’s output over the forecast period will be supported by a gradual rebound in consumer and investor confidence, amid falling cases and easing of travel restrictions, coupled with the government’s focus on reviving the tourism sector.

Industrial construction: The growth in this sector will be supported by a rebound in industrial, manufacturing, and export activities, coupled with a rise in the value of new manufacturing orders.

Infrastructure construction: The growth will be driven by investment in road, rail, airport, and port infrastructure projects, as part of the government’s IIJA. Several states have received significant funding as part of the IIJA to improve transport infrastructure.

Energy and utilities construction: The energy and utilities sector’s output over the forecast period will be supported by investment in renewable energy projects—in line with the government’s focus on reducing carbon emissions in the country.

Institutional construction: The government’s measures to increase spending in both healthcare and educational building are expected to drive the sector’s growth in the coming years.

USA Construction Market Analysis, by Sectors

USA Construction Market Analysis, by Sectors

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USA Construction Market – Key Contractors

The leading contractors in the USA construction market are Actividades de Construccion y Servicios SA, Tutor Perini Corp., Parsons Corp., Ferrovial SA, and Skanska AB.

USA Construction Market Analysis, by Contractors

USA Construction Market Analysis, by Contractors

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USA Construction Market – Key Consultants

The leading consultants in the USA construction market are AECOM, Jacobs Engineering Group Inc., WSP Global Inc., Arup Group Ltd, and Dar Al-Handasah Consultants Shair and Partners Holdings Ltd.

USA Construction Market Analysis, by Consultants

USA Construction Market Analysis, by Consultants

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USA Construction Market Report Overview

Market Size (2021) $2 trillion
AAGR (2023-2026) >3%
Key Sectors Residential Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Commercial Construction
Key Contractors Actividades de Construccion y Servicios SA, Tutor Perini Corp., Parsons Corp., Ferrovial SA, and Skanska AB
Key Consultants AECOM, Jacobs Engineering Group Inc., WSP Global Inc., Arup Group Ltd, and Dar Al-Handasah Consultants Shair and Partners Holdings Ltd

Scope

This report provides a comprehensive analysis of the construction industry in the USA. It provides –

  • Historical and forecast valuations of the construction industry in the 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), 2017-26

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

Table 5: The US, Industrial Construction Output by Project Type (Real % Change), 2017-26

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

Table 7: The US, Infrastructure Construction Output by Project Type (Real % Change), 2017-26

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

Table 9: The US, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26

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

Table 11: The US, Institutional Construction Output by Project Type (Real % Change), 2017-26

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

Table 13: The US, Residential Construction Output by Project Type (Real % Change), 2017-26

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, $ Billion)

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

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), 2020-26

Figure 2: The US, Construction Output by Sector (Real % Change), 2020-22 and 2023-26

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), 2017-26

Figure 7: The US, Construction Output Value, by Sector (Real, $ Million), 2017-26

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

Figure 9: The US, Real Gross Output of the Construction Industry, in 2012 Chained Prices, In $ 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), 2017-26

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 ($ 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 $ Billion, Seasonally Adjusted)

Figure 18: The US, Industrial Construction Output by Project Type (Real, $ Million), 2017-26

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

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

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

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

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

Figure 24: The US, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26

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

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

Figure 27: The US, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26

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

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

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

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

Figure 32: The US, Institutional Construction Output by Project Type (Real, $ Million), 2017-26

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 ($ Billion, Seasonally Adjusted)

Figure 35: The US, Residential Construction Output by Project Type (Real, $ Million), 2017-26

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

Figure 37: The US, Total Residential Construction Value Put in Place ($ 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, Price Index of New Single-Family Houses Under Construction (2005=100)

Figure 41: The US, Headquarters of Key Contractors (% of Total Project Pipeline)

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

Frequently Asked Questions

The construction market size in the USA was $2 trillion in 2021.

The construction market in the USA is projected to achieve an AAGR of more than 3% during 2023-2026.

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

The leading contractors in the USA construction market are Actividades de Construccion y Servicios SA, Tutor Perini Corp., Parsons Corp., Ferrovial SA, and Skanska AB.

The leading consultants in the USA construction market are AECOM, Jacobs Engineering Group Inc., WSP Global Inc., Arup Group Ltd, and Dar Al-Handasah Consultants Shair and Partners Holdings Ltd.

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