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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United States Construction Market Size
The United States construction market reached approximately USD 1.90 trillion in 2023. The market is projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of around USD 2.80 trillion by 2032.
Key Trends in the Market
Construction is the term that refers to the whole process of building or assembling physical structures, such as buildings, bridges, roads, and other infrastructure. It involves a series of activities, including planning, design, procurement of materials and labour, and the actual physical construction. A construction project can employ professionals from various fields, including architects, engineers, contractors, project managers, and various skilled tradespeople.
- The primary factor responsible for the United States construction market growth is the rising infrastructural development projects in the country. The government is introducing various initiatives aimed at upgrading and expanding infrastructure as the country’s economy relies on the vast infrastructural network. This trend is further bolstered by the increasing development of manufacturing facilities for electronic products and components and the emphasis on modernising ageing infrastructure.
- Some major United States construction market trends are rapid technological advancements and the increasing adoption of innovative technologies in the construction sector. Technologies such as artificial intelligence, building information modelling (BIM) software, 3D printing, and augmented reality are used in construction activities to improve project efficiency and reduce errors while enabling a collaborative approach.
- The United States construction market demand is anticipated to surge in the coming years owing to the rising development of smart buildings. The integration of the Internet of things (IoT) can enable easy control of various systems, such as HVAC, lighting, and security. This trend is further enhanced by the rising focus on increasing energy efficiency.
United States Construction Market Report Snapshots
United States Construction Market Size
United States Construction Market Share
United States Construction Market Analysis
United States Construction Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 1.90 trillion.
The market is projected to grow at a CAGR of 4.4% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 2.80 trillion by 2034.
The market is being driven by the increasing development of existing infrastructure and the integration of the latest technologies in construction.
The growing number of green building projects and the introduction of government plans to drive public infrastructural development are aiding the market growth.
The major regional markets are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The different end uses are commercial construction, residential construction, industrial construction, and energy and utilities construction, among others.
The key players in the market include Hensel Phelps Construction Company, Lennar Corporation, Kiewit Corporation, D.R. Horton, Inc., Tutor Perini Corporation, PCL Constructors Inc., Kajima Corporation, Hochtief AG, Pultegroup, Inc., and NVR, Inc. (Ryan Homes), among others.
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+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
Vietnam
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+84-865-399-124