According to the report, the building construction industry in United States is expected to record a CAGR of 8.9% to reach USD 1,387.4 billion by 2024. The residential construction industry in value terms increased at a CAGR of 7.5% during 2015-2019. The commercial building construction market in value terms is expected to record a CAGR of 10.2% over the forecast period.
Building construction industry in United States is expected to record a period of negative/low growth over the next 8 quarters, driven by economic downturn triggered due to COVID-19 outbreak.
While impact across building construction sectors varies, residential, commercial, and industrial segments are expected to be worst affected. Business and consumer sentiment is expected to be on a slow track to recover due to pandemic, resulting in prolonged distress building construction sectors.
In residential sector, affordable housing is expected to stay least affected, supported by a mix of public and private spending. Mid-tier and luxury residential construction segments are expected to be severely impacted. Growth across commercial building construction in United States, especially office, retail, and entertainment is expected to record negative growth.
Study Coverage
This report provides data and trend analyses on building construction industry in United States, with over 80 KPIs. This is a data-centric report and it provides trend analyses with over 120+ charts and 100+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 30 segments in residential, commercial, industrial and institutional construction sectors.
It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.
In addition to country level analysis, this report offers a detailed market opportunity assessment across key cities, helping clients assess key regions to target within the city.
Report Scope
This report provides market size and forecast across 30+ construction segments for a period of 10 years from 2015-2024 in United States.
KPIs covered include the following:
Market size by value
Market size by volume of construction
Number of units
United States Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 30+ market segments and sub-segments of building construction industry in United States.
Volume and Value Data: Get a detailed understanding of the market both from value and volume (both by activity and units) perspective for the historical as well as the forecast period
Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in the construction industry.
City Level Insights: Get city level trend analyses to identify unique opportunities across key cities and also by tier-1, tier-2, and tier-3 cities.
