Construction in the US - Market Research Report (2014-2029)

Going up: The sector is set to expand as the economy recovers from the COVID-19 pandemic, supply chain issues and high inflation

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Construction sector has ultimately declined leading up to 2023, having still been unable to recover from the COVID-19 pandemic. Sector operators construct buildings and engineer projects, which often leads construction revenue to correlate with fluctuations in macroeconomic conditions. Until recently, the Construction sector benefited from relatively low interest rates, providing an accommodative borrowing environment for both residential consumers and nonresidential clients. Rising interest rates and unemployment have put the brakes on what had seemed like a post-pandemic recovery in 2021.

The Construction sector comprises the construction of building or engineering projects, in addition to establishments engaged in the preparation of sites for new construction. Inputs for the construction process are purchased from both domestic and international suppliers. Key suppliers include other construction operators in this sector, manufacturers and wholesale trade operators. Markets for goods produced by this sector include residential, nonresidential and engineering avenues.