US Construction Industry Research 2024: Output to Grow by 2.5% in Real-terms this Year, Before Growing at an AAGR of 3.9% During 2025-2028 - ResearchAndMarkets.com

The "The United States (US) Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.

The analyst expects the US construction industry to grow by 2.5% in real terms in 2024, as the industry is supported by increased investments from both the public and private sector through different initiatives.

Public schemes include the inflation reduction act (IRA), the CHIPS and Science act and the infrastructure investment and jobs act (IIJA). Collectively these policies will help to boost construction projects in manufacturing, as well as help to improve transportation infrastructure and facilitate progress towards Net-Zero.

On the private side, the White House reported in Q1 2024 that since 2021, private companies had pledged over $642 billion as part of the "Manufacturing the Future" program, while an additional $285 billion has been announced for investments into roads, bridges, and transportation networks. Furthermore, government initiatives have also led to investment into Electric Vehicle (EV) charging and the expansion of the electric school bus fleet.

Between 2025 and 2028, the industry's output is expected to grow at an annual average rate of 3.9%, as the policies discussed above will enter their next phase. Investment as part of the IRA and the IIJA will continue to enhance the development of energy, transportation, manufacturing, as well as housing infrastructure.

The sector's output will be supported further by $1.2 trillion in government investment aimed at repairing and modernizing the nation's infrastructure. Over the forecast period, $550 billion will be allocated for modernizing America's bridges, as well as for the developments of seaports, airports, public transit and railways. While water infrastructure is also expected to be upgraded by 2026, as announced by President Biden's Administration in May 2024.

Scope

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

Key Topics Covered:

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 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 Construction in Key US States

5.1 California

• Outlook
• Latest news and developments

5.2 Florida

• Outlook
• Latest news and developments

5.3 Texas

• Outlook
• Latest news and developments

5.4 New York

• Outlook
• Latest news and developments

5.5 Pennsylvania

• Outlook
• Latest news and developments

5.6 Georgia

• Outlook
• Latest news and developments

5.7 Illinois

• Outlook
• Latest news and developments

5.8 Ohio

• Outlook
• Latest news and developments

5.9 Washington

• Outlook
• Latest news and developments

5.1 North Carolina

• Outlook
• Latest news and developments

6 Key Industry Participants

6.1 Contractors

6.2 Consultants

7 Construction Market Data

8 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/flt1li

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240916726753/en/