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

The publisher expects the US construction industry to grow by 1.5% in real terms in 2024, following an annual growth rate of 1% in 2023. Growth in the industry's output through 2024 will be driven by increased spending in the non-residential construction sectors, combined with increased investments in manufacturing and transportation projects. As of early February 2024, the White House reported that private companies had pledged to invest $642 billion as part of the 'Manufacturing the Future' program, with an additional $285 billion announced for transportation investments under the 'Investing in America' initiative.

Between 2025 and 2028, the industry's output is expected to grow at an annual average rate of 4.8%, strengthened by investments in the energy, transportation, housing, and manufacturing sectors. In October 2023, the government allocated $61 billion for 12 infrastructure programmes to support investment in critical infrastructure such as roads, bridges, and tunnels that will benefit all 50 states. In addition, in September 2023, it opened applications for nearly $10 billion in funding for Financial Years (FY) 2023-26 (October 2023 to September 2026) under the competitive Bridge Investment Program, known as 'Large Bridge Project'.

The publisher's Construction in the US and Key States - Key Trends and Opportunities to 2028 (Q1 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.

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 the publisher'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 the publisher's critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.

1 Executive Summary2 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

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 the Publisher
Contact the Publisher

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, $ Million)
Table 38: The US, Construction Output Value (Nominal, $ Million)
Table 39: The Construction Market Definitions
Table 40: Risk Dimensions
Table 41: Ratings, Scores and Definitions

List of Figures

Table 1: North America, Construction Output (Real % Change), 2022-28
Table 2: The US, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Table 3: The US, Risk Summary
Table 4: The US, Risk Regional Comparison
Table 5: The US, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Table 6: The US, Construction Output Value, by Sector (Real, $ Million), 2019-28
Table 7: The US, Value of Construction Put in Place ($ Billion, Nominal Seasonally Adjusted), YoY % Change
Table 8: The US, Number of People Employed in the Construction Industry, In Thousands
Table 9: US Construction Projects Momentum Index
Table 10: North America, Construction Projects Momentum Index
Table 11: The US, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Table 12: The US, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Table 13: The US, Value of Lodging, Office, and Commercial Construction Put in Place ($ Billion, Nominal), YoY % Change
Table 14: The US, Total International Tourist Arrivals
Table 15: The US, Total Retail Sales Value (In $ Billion, Seasonally Adjusted, in Nominal Terms)
Table 16: The US, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Table 17: The US, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Table 18: The US, Total Manufacturing Construction Put in Place ($ Million, Nominal)
Table 19: The US, Industrial and Manufacturing Production Indices (2017=100, Seasonally Adjusted)
Table 20: The US, Total Exports ($ Billion, Seasonally Adjusted)
Table 21: The US, Total Manufacturing New Order Value ($ Billion, Seasonally Adjusted)
Table 22: The US, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Table 23: The US, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Table 24: The US, Total Transportation Construction Put in Place (US$ Million, Non-Seasonally Adjusted), YoY % Change
Table 25: The US, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Table 26: The US, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Table 27: The US, Total Power Construction Put in Place (US$ Million, Non-Seasonally Adjusted)
Table 28: The US, Construction Put in Place on Water Supply and Sewage and Waste Disposal Infrastructure (US$ Million, Non-Seasonally Adjusted)
Table 29: The US, Total Communication Construction Put in Place (US$ Million, Non-Seasonally Adjusted)
Table 30: The US, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Table 31: The US, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Table 32: The US, Total Educational, Healthcare, Public Safety and Religious Buildings Construction Value Put in Place (US$ Billion, Seasonally Adjusted)
Table 33: The US, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Table 34: The US, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Table 35: The US, Total Residential Construction Value Put in Place (US$ Million, Non-Seasonally Adjusted)
Table 36: The US, Total New Housing Units Permit Authorized (Seasonally Adjusted, In Thousand)
Table 37: The US, Housing Starts (Unadjusted), In Thousands
Table 38: The US, New Home Sales, in Thousands, In Seasonally-Adjusted Annual Rate
Table 39: The US, Price Index of New Single-Family Houses Under Construction (2005=100)
Table 40: California, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Table 41: California, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Table 42: California, Construction Employment
Table 43: Florida, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Table 44: Florida, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Table 45: Florida, Construction Employment
Table 46: Texas, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Table 47: Texas, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Table 48: Texas, Construction Employment
Table 49: New York, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Table 50: New York, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Table 51: New York, Construction Employment
Table 52: Pennsylvania, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Table 53: Pennsylvania, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Table 54: Pennsylvania, Construction Employment
Table 55: Georgia, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Table 56: Georgia, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Table 57: Georgia, Construction Employment
Table 58: Illinois, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Table 59: Illinois, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Table 60: Illinois, Construction Employment
Table 61: Ohio, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Table 62: Ohio, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Table 63: Ohio, Construction Employment
Table 64: Washington, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Table 65: Washington, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Table 66: Washington, Construction Employment
Table 67: North Carolina, Construction Output Value (Real, $ Billion, 2022 Prices), 2019-28
Table 68: North Carolina, New Privately Owned Housing Units Authorized by Building Permits (% change YoY)
Table 69: North Carolina, Construction Employment
Table 70: The US, Headquarters of Key Contractors (% of Total Project Pipeline)
Table 71: The US, Headquarters of Key Consultants (% of Total Project Pipeline)

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Scope

Reasons to Buy

Table of Contents

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