United States Commercial Construction Market Size, Share and Growth Analysis Report: Forecast Trends and Outlook 2024-2032

United States Commercial Construction Market Outlook

A key factor driving growth of commercial construction market in the United States is the recovery of country’s economy and rapid urbanisation, which creates a necessary demand for new office buildings, hospitality venues, and retail spaces. Federal or government funding plans for improvements in infrastructure is also anticipated to bolster construction activities and thereby, United States commercial construction market revenue. The American Society of Civil Engineers has recently stated that such investments could lead to green building initiatives and enhanced public transportation.

In addition, the increase in e-commerce has led to a surge in demand for warehousing facilities and logistics, resulting in rising growth of commercial construction sector. The recent construction of new distribution centre by Walmart in Illinois and new Amazon headquarters in Virginia showcases the growing need for construction to support e-commerce industry. Moreover, the technological advancements in methods of construction, such as prefabrication and modular building techniques are reducing costs and leading to better efficiency in construction projects. Companies like Bechtel and Kiewit Corp in US use these innovative methods. These factors demonstrate that the commercial construction market share in United States is robust.

Rising Infrastructural Development in Far West Region is Leading to United States Commercial Construction Market Growth

• In the market from 2024 to 2032, the Far West region is expected to lead with the highest CAGR of 4.2%, driven by strong demand for new construction projects and the region's focus on infrastructure development. 
• The Rocky Mountain region follows with a CAGR of 3.9%, supported by increasing investments in both commercial and residential buildings. 
• The Southwest, with a CAGR of 3.7%, benefits from expanding urbanisation and a focus on modernising existing infrastructure. 
• As per United States commercial construction industry analysis, the Southeast, growing at a CAGR of 3.6%, shows steady growth due to favorable economic conditions and ongoing construction activities. 
• New England and the Mideast regions exhibit moderate growth with CAGRs of 3.3% and 3.1%, respectively, reflecting their established but slower-growing construction markets. 
• The Plains and Great Lakes regions, with CAGRs of 2.9% and 2.7%, respectively, experience slower growth due to smaller market sizes and limited expansion in construction activities.

Increase in Number of Healthcare Facilities and Hotels in the Country is One of the Many United States Commercial Construction Market Trends

• In the market from 2024 to 2032, healthcare buildings are anticipated to experience the highest growth, with a CAGR of 4.1%, driven by the increasing demand for healthcare facilities and the expansion of healthcare infrastructure. 
• Hospitality buildings follow closely with a CAGR of 3.9%, reflecting the ongoing development of hotels, resorts, and other tourism-related infrastructure. 
• Office buildings, with a CAGR of 3.7%, continue to see demand, particularly in urban centers where businesses seek modern and efficient office spaces, leading to growth of the United States commercial construction market.
• Retail buildings, with a CAGR of 3.5%, show moderate growth, driven by the evolution of retail spaces to adapt to changing consumer behaviors and preferences. 
• The 'others' category, with a CAGR of 3.2%, includes various additional building types that contribute to overall market growth at a slightly slower pace.

New Construction Activities Hold a Prominent United States Commercial Construction Market Share, Followed by Renovation

In the market from 2024 to 2032, new construction is expected to lead with a CAGR of 4.0%, driven by the rising demand for new buildings in both residential and commercial sectors, as well as significant infrastructure projects. Renovation, with a CAGR of 3.2%, shows steady growth as existing buildings are upgraded and modernized to meet new standards and consumer preferences.

Key Questions Answered in the Report:

• How has the United States commercial construction market performed historically, and what are the growth expectations for the future? 
• What are the primary factors influencing demand and growth in the United States commercial construction market? 
• What are the key segments within the United States commercial construction market, and how are they expected to evolve over the forecast period? 
• What are the major challenges and opportunities facing stakeholders in the United States commercial construction market? 
• Who are the key players in the United States commercial construction market, and what strategies are they employing to maintain a competitive edge? 
• What are the regulatory and policy factors influencing the United States commercial construction market globally or regionally? 
• How competitive is the United States commercial construction market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers? 
• What are the current trends shaping the United States commercial construction market landscape, and how are they expected to evolve in the future? 
• How are technological advancements impacting the United States commercial construction market, and what role do innovation and R&D play in driving growth? 
• What are the consumer preferences and buying behavior trends influencing the United States commercial construction market? 
• How sustainable are current growth rates in the United States commercial construction market, and what factors could potentially disrupt these trends? 
• What are the regional dynamics within the United States commercial construction market, and how do they contribute to overall market growth? 
• What are the economic factors influencing the United States commercial construction market, such as GDP growth, inflation rates, and currency fluctuations? 
• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States commercial construction market? 
• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States commercial construction market? 
• What are the regulatory and legal frameworks impacting the United States commercial construction market globally or in key regions? 
• How are changing consumer lifestyles and preferences influencing product or service demand within the United States commercial construction market? 
• What are the emerging market trends and niche opportunities within the United States commercial construction market that stakeholders should be aware of? 
• How resilient is the United States commercial construction market to external shocks or disruptions, such as geopolitical tensions or natural disasters? 
• What are the potential barriers to market entry and growth for new players in the United States commercial construction market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States commercial construction market spanning from 2018 to 2032.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States commercial construction market. 

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States commercial construction market. 

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares. 

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States commercial construction market landscape.