DUBLIN--(BUSINESS WIRE)--The "United States Construction Industry Databook Series - Market Size & Forecast (2014 - 2023) by Value and Volume across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction, - Updated in Q3, 2019" report has been added to ResearchAndMarkets.com's offering.
In first half of 2018, construction expenses in US accounted to US$ 673 billion, which recorded as US$ 615 billion in 2017. The construction industry in United States is expected to record a CAGR of 4.9% to reach US$ 1,804.8 billion by 2023. The residential construction industry in value terms increased at a CAGR of 9.1% during 2014-2018. The commercial building construction market in value terms is expected to record a CAGR of 6.8% over the forecast period. The infrastructure construction was estimated to be US$ 358.9 billion in 2018, posting a CAGR of 6.3% during review period.
United States construction industry outlook is attraction this fiscal year backed by strong economic conditions, numerous job opportunities and the government's commitment to boost construction industry. Over the last eight quarters in US, booming construction activity and increased spending in this sector have expedited the demand of heavy construction across the country.
Enhanced commodity price environment, strong market position and favourable business environment are driving activity across a range of building and infrastructure construction segments. Growth in renewable projects is one of the key sectors driving construction activity in infrastructure and industrial building sectors. The US government is investing massively in networking, which is boosting construction activity in communication sector. Consequently, there are new opportunities in heavy construction segment.
US is likely to see increased spending as the Trump administration unveils an infrastructure plan valued at US$ 1.5 trillion, subsequently uplifting the revenues and profits of construction industry players. On the other hand, factors such as high construction material cost and controlled mortgage environment are limiting the growth.
In first few months of 2018, the tariffs of steel and aluminium were changed and impacted construction material cost adversely. Further, the trade partners of US such as China, Mexico, Canada and European Union had traffic clashes, leading to supply chain disruptions. However, market environment looks positive going forward, and construction industry is likely to benefit from improved conditions.
Key Topics Covered:
1 About this Report
2 United States Construction Industry Dynamics and Growth Prospects
3 United States Residential Construction Industry Market Size and Forecast
4 Analysis by Residential Construction Markets Outlook by Construction type
5 Analysis by Residential Construction Markets Outlook by Key Cities
6 Analysis by Residential Construction Markets Outlook by Price Point
7 Residential Building Construction Growth Trend Analysis by Development Stage
8 United States Commercial Construction Industry Market Size and Forecast
9 Outlook and Growth Dynamics by Office Building Construction
10 Retail Building Construction Outlook
11 Hospitality and Luxury Building Construction Outlook
12 Restaurant Building Construction Outlook
13 Sports Facility Building Construction Outlook
14 Entertainment Building Construction Outlook
15 Commercial Building Construction Growth Trend Analysis by Development Stage
16 United States Industrial Construction Industry Market Size and Forecast
17 Outlook and Growth Dynamics by Industrial Building Construction Sectors
18 Industrial Building Construction Growth Trend Analysis by Development Stage
19 United States Institutional Construction Industry Market Size and Forecast
20 Outlook and Growth Dynamics by Institutional Building Construction Sectors
21 Institutional Building Construction Growth Trend Analysis by Development Stage
22 United States Building Construction Analysis by Key Cities
23 United States Utility System Infrastructure Construction Industry Market Size and Forecast
24 United States Transport Infrastructure Construction Industry Market Size and Forecast
25 United States Marine and Inland Water Infrastructure Construction Industry Market Size and Forecast
26 Infrastructure Construction Growth Trend Analysis by Development Stage
27 Further Reading
Companies Mentioned
- Caterpillar Inc
- Bechtel Corp
- Deere & Co
- Fluor Corp
- Fluor Corporation
- AECOM
- Ferguson Enterprises Inc
- Sherwin-Williams Co
- CBRE Group Inc.
- D.R. Horton Inc.
- Lennar Corporation
- United States Steel Corp
- Jacobs Engineering Group Inc.
- Steel Dynamics Inc.
- Mohawk Industries Inc.
- Quanta Services Inc.
- Kiewit Corporation
- PulteGroup Inc
For more information about this report visit https://www.researchandmarkets.com/r/ngqz5r
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