United States Construction Industry Report 2024: Output Expected to Grow by 4.5% in Real-terms in 2024 and 4% in 2025 - Forecasts to 2028 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "The US Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)" report has been added to ResearchAndMarkets.com's offering.

US construction industry to grow by 4.5% in real terms in 2024 and 4% in 2025, following an annual growth rate of 2% in 2023. Growth will be supported by both public and private investments in non-residential construction through government stimulus and support packages, the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA) and the "Investing in America".

As of November 2024, as part of "Investing in America" initiative, the investment in the country reached $1 trillion. This investment has been directed towards key strategic industries, furthering the development of projects focused on semiconductors and electronics, clean energy production, manufacturing of electric vehicles and batteries, biomanufacturing, and heavy industry. This will be combined with investments in manufacturing through the CHIPS and Science Act, which aims to increase America's share of semiconductor manufacturing globally to around 20% of worlds most advanced chips.

Chip companies and their suppliers have announced investments of $327 billion in the US over the next 10 years. The incentive behind these schemes is mainly driven by the trend of "re-shoring" and the need to relocate technology supply chains from Asia and China, amid rising trade tensions over intellectual property.

Following Donald Trump's Presidential victory in November 2024, trade tensions are not expected to relent in 2025, instead a renewed impetus towards "America first" policies is expected, with the threat looming of increased tariff polices and other protectionist measures. Furthermore, the longevity of public investment schemes - the IIJA, IRA and the "Investing in America" program - has been cast in some doubt, and may be curtailed if they to be considered excessive

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 our 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 business strategies 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
• Outlook
• Project analytics
• Latest news and developments

4.4 Energy and Utilities Construction

• Outlook
• Project analytics
• Latest news and developments

4.5 Institutional Construction

• Outlook
• Project analytics
• Latest news and developments

4.6 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/epmtvi

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