United States Construction Industry -Key Trends, Top Players, Revenue and Opportunities to 2021

To understand the US construction Industry Status worldwide, Market Research Hub (MRH) has included the latest Forecast report titled “Construction in the US-Key Trends and Opportunities to 2021”, to its vast database. This study offers data about the prime regions operating in the US construction sector, along with their production, consumption, revenue and market share details. Further, the intelligent report also anticipates that the market would grow at a constructive CAGR until 2022.

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The US construction industry grew from US$1.0 trillion in 2012 to US$1.2 trillion in 2016, and is expected to reach US$1.4 trillion by 2021, in real terms measured at constant 2010 US dollar exchange rates. Economic recovery, coupled with government investment in infrastructure construction, healthcare, manufacturing, educational facilities and affordable housing is expected to drive forecast-period (20172021) growth.

President Trump is focusing on infrastructure development, announcing in August 2017 plans to spend US$1.0 trillion to rebuild the nation's roads, tunnels, bridges, airports and other infrastructure by 2027, whilst also eliminating permitting regulations to speed up the construction of roads, bridges and pipelines projects.

According to the US Census Bureau, total construction spending in the country increased by 6.7%, from US$13.3 trillion in 2015 to US$14.2 trillion in 2016. Moreover, it increased by 4.5% during the first eight months of 2017, rising from US$9.4 trillion in JanuaryAugust 2016 to US$9.8 trillion in JanuaryAugust 2017.

However, there are risks associated with the outlook for the construction industry in the US over the forecast period. The governments strict immigration policy and high budget deficit are expected to affect construction activity. The Trump government aims to reduce federal deficit from 3.5% of the countrys total GDP in FY2017 to 1.8% by FY2022.

The industrys output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 2.13% over the forecast period, compared to 5.03% during the review period (20122016).

Summary
Market Research HUBs Construction in the US-Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the US construction industry, including:

The US construction industry's growth prospects by market, project type and construction activity

Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the US construction industry

Profiles of the leading operators in the US construction industry

Scope
This report provides a comprehensive analysis of the construction industry in the US. It provides:

Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in the US using construction output and value-add methods

Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

Detailed profiles of the leading construction companies in the US

Reasons To Buy
Identify and evaluate market opportunities using Market Research HUB'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 Market Research HUB's critical and actionable insight.

Assess business risks, including cost, regulatory and competitive pressures.

Evaluate competitive risk and success factors.

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Key Highlights
Market Research HUB expects the residential construction market to grow at a CAGR of 5.40% in nominal terms, driven by rising residential buildings permits in the country. The total residential building permit issued in the country grew by 2.0%, rising from 1.18 million units in 2015 to 1.20 million units in 2016. Moreover, it grew by 5.7% in the first seven months of 2017, rising from 690,000 units in January,July 2016 to 729,000 units in January,July 2017.

The government plans to invest US$1.9 trillion to upgrade transport infrastructure of the country by 2025. In addition, in March 2017, the government announced a plan to spend US$1.3 trillion on the construction of transport infrastructure. This is expected to drive the forecast period growth of infrastructure construction market.

Market Research HUB expects the energy and utilities construction market output to record a forecast-period CAGR of 3.52% in nominal terms, driven by governments focus on renewable energy infrastructure. The government aims to generate 30.0% of the total countrys electricity need from renewable energy by 2025. Accordingly, it plans to construct 100GW solar power generation plants with an investment of US$130.0 billion.

Market Research HUB expects institutional construction market output to record a forecast-period CAGR of 2.74% in nominal terms, driven by the governments investment on healthcare and education. In the 2017 Budget, the government increased its spending on department of education by 2.0%, from US$68.1 billion in 2016 to US$69.4 billion in 2017.

The construction industry is exposed to several risks, such as rising labors costs due to Trumps policy to restrict immigrants and the implementation of Buy American, Hire American policy, which may increase construction material cost and affect long-term growth.

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