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: 59 Published: January 19, 2022 Report Code: GDCN0948MR

  • Overview
  • Contents
  • Tables
  • Figures
  • FAQ
  • Listen
    iSpeech.org

The USA construction market size was $1.9 trillion in 2021. The market is projected to achieve an AAGR of more than 3% during 2023-2026. The industry’s growth will be supported by an increase in investment in transport, electricity, and broadband infrastructure projects.

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 US 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.

United States of America (USA) Construction Market Size

For more insights on this report, download a free report sample

Key USA Construction Market Sectors

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

Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects. The pipeline also includes a share of mixed-use developments, which comprise commercial and residential elements.

Industrial construction: 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 pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage projects. The sector’s output over the forecast period will be supported by the rise in investment in the manufacturing sector construction, coupled with an increase in export activity.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects. The sector’s output over the forecast period will be supported by the government’s focus on fixing the country’s outdated infrastructure and investing in major transport projects.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage projects. The sector’s output over the forecast period will be supported by investment in renewable energy and oil and gas projects.

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

Residential construction: The project types in this sector include single-family housing and multi-family housing.  The pipeline, which includes all projects from pre-planning to execution, has a high share of late-stage development projects. The sector’s output over the forecast period will be supported by the government’s focus on building affordable housing units in the country. The residential construction sector has benefited from expansionary monetary policy over the past two years, when mortgage rates were pushed down to new lows, helping to drive up housing demand.

The USA Construction Market, by Sectors

The USA Construction Market, by Sectors

For more sector insights, download a free report sample

Key Contractors in the USA Construction Market

The key contractors in the USA construction market are Actividades de Construccion y Servicios SA, Tutor Perini Corp., Skanska AB, Bechtel Corp., Kiewit Corp., Parsons Corp., ACS Group, Ferrovial SA, Zachry Construction Corp., and The Walsh Group.

The USA Construction Market, by Contractors

The USA Construction Market, by Contractors

To know more about the contractors, download a free report sample

Key Consultants in the USA Construction Market

The key consultants in the USA construction market are AECOM, Jacobs Engineering Group Inc., M. Arthur Gensler Jr. & Associates Inc., Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Skidmore, Owings & Merrill LLP, Bechtel Corp., WSP Global Inc., ForrestPerkins LLC, HOK Group Inc., and HKS Inc.

The USA Construction Market, by Consultants

The USA Construction Market, by Consultants

To know more about the consultants, download a free report sample

The USA Construction Market Report Overview

Market Size (2021) $1.9 trillion
AAGR >3%
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, Bechtel Corp., Kiewit Corp., Parsons Corp., ACS Group, Ferrovial SA, Zachry Construction Corp., and The Walsh Group
Key Consultants AECOM, Jacobs Engineering Group Inc., M. Arthur Gensler Jr. & Associates Inc., Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Skidmore, Owings & Merrill LLP, Bechtel Corp., WSP Global Inc., ForrestPerkins LLC, HOK Group Inc., and HKS Inc

Scope

This report provides:

  • A comprehensive analysis of the construction industry in the 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), 2017-26

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, $ 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), 2020-26

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, 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 USA construction market size was $1.9 trillion in 2021.

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

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

The key contractors in the USA construction market are Actividades de Construccion y Servicios SA, Tutor Perini Corp., Skanska AB, Bechtel Corp., Kiewit Corp., Parsons Corp., ACS Group, Ferrovial SA, Zachry Construction Corp., and The Walsh Group.

The key consultants in the USA construction market are AECOM, Jacobs Engineering Group Inc., M. Arthur Gensler Jr. & Associates Inc., Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Skidmore, Owings & Merrill LLP, Bechtel Corp., WSP Global Inc., ForrestPerkins LLC, HOK Group Inc., and HKS Inc.

$1495

Can be used by individual purchaser only

$2990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 (0) 20 7947 2960

GDPR + CCPA Compliant

Personal and transaction information are kept safe from unauthorised use.

Recently Viewed Reports

Looking to stay on top of industry & market trends?

Sign up to receive regular alerts for our latest analysis and reports. No matter your industry focus, you can keep your finger on the pulse with our timely updates.