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The North America construction market size reached nearly USD 2.20 trillion in 2023. The market is projected to grow at a CAGR of 4.9% between 2024 and 2032 to reach a value of around USD 3.39 trillion by 2032.
Construction refers to a process of developing, repairing, remodelling, demolishing, altering, or improving buildings and infrastructures. It requires skilled labour, specialised equipment, and building materials, among others. The construction sector is a significant determinant of the social and economic growth of a country.
Based on construction type, the market is segmented into renovations and demolition and new constructions. On the basis of end use, the North America construction market segmentations include commercial, residential, industrial, education and research, and medical and healthcare, among others. The major countries included in the North America market for construction are United States of America and Canada.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the North America construction market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The residential sector accounts for a significant portion of the North America construction market share. The rising population across the region is propelling the demand for housing. Increasing investments towards home renovation and maintenance activities owing to the growing standards of living are also escalating the segment’s growth. Moreover, the surging immigrant population across countries like the United States and Canada is further boosting the segment’s growth.
As per the North America construction market analysis, the United States of America is likely to witness fast-paced growth in the forecast period. The residential construction sector is one of the biggest contributors fuelling the growth of the market. A steady rise in single-family households in the country has been further bolstering the market for construction in the United States.
Furthermore, with increasing government incentives to boost domestic manufacturing in the United States, the surging construction of industrial facilities and factories is likely to support the overall North America construction market demand in the coming years.
Turner Construction Company is a leading construction management company which offers expertise in offsite construction, risk management, and self-performance operations, among others. It was founded in 1902 and is headquartered in New York, the United States.
Bechtel Corporation is an engineering company that offers services and products related to sectors like defence and nuclear, environmental cleanup, and construction, among others. It was established in 1898 and is headquartered in Virginia, the United States.
Kiewit Corporation is one of the largest engineering and construction companies which has been innovating commercial building projects while contributing to the development of transportation infrastructure. The company was established in 1884 and is headquartered in Nebraska, the United States.
Other North America construction market players include STO Building Group, Fluor Corporation, DPR Construction, Skanska AB, Clark Construction Group, LLC, PCL Constructors Inc., EllisDon Corporation, Aecon Group Inc., and Graham Construction & Engineering Inc, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Construction Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Construction Market Overview
8.1 Key Industry Highlights
8.2 North America Construction Historical Market (2018-2023)
8.3 North America Construction Market Forecast (2024-2032)
9 North America Construction Market by Construction Type
9.1 Renovations
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Demolition and New Constructions
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 North America Construction Market by End Use
10.1 Commercial
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Residential
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Industrial
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Education and Research
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Medical and Healthcare
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 North America Construction Market by Country
11.1 United States of America
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.1.3 Breakup by Construction Type
11.1.4 Breakup by End Use
11.1.5 Breakup by Region
11.1.5.1 New England
11.1.5.1.1 Historical Trend (2018-2023)
11.1.5.1.2 Forecast Trend (2024-2032)
11.1.5.2 Mideast
11.1.5.2.1 Historical Trend (2018-2023)
11.1.5.2.2 Forecast Trend (2024-2032)
11.1.5.3 Great Lakes
11.1.5.3.1 Historical Trend (2018-2023)
11.1.5.3.2 Forecast Trend (2024-2032)
11.1.5.4 Plains
11.1.5.4.1 Historical Trend (2018-2023)
11.1.5.4.2 Forecast Trend (2024-2032)
11.1.5.5 Southeast
11.1.5.5.1 Historical Trend (2018-2023)
11.1.5.5.2 Forecast Trend (2024-2032)
11.1.5.6 Southwest
11.1.5.6.1 Historical Trend (2018-2023)
11.1.5.6.2 Forecast Trend (2024-2032)
11.1.5.7 Rocky Mountain
11.1.5.7.1 Historical Trend (2018-2023)
11.1.5.7.2 Forecast Trend (2024-2032)
11.1.5.8 Far West
11.1.5.8.1 Historical Trend (2018-2023)
11.1.5.8.2 Forecast Trend (2024-2032)
11.2 Canada
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Breakup by Construction Type
11.2.4 Breakup by End Use
11.2.5 Breakup by Region
11.2.5.1 British Columbia
11.2.5.1.1 Historical Trend (2018-2023)
11.2.5.1.2 Forecast Trend (2024-2032)
11.2.5.2 Alberta
11.2.5.2.1 Historical Trend (2018-2023)
11.2.5.2.2 Forecast Trend (2024-2032)
11.2.5.3 The Prairies
11.2.5.3.1 Historical Trend (2018-2023)
11.2.5.3.2 Forecast Trend (2024-2032)
11.2.5.4 Central Canada
11.2.5.4.1 Historical Trend (2018-2023)
11.2.5.4.2 Forecast Trend (2024-2032)
11.2.5.5 Atlantic Canada
11.2.5.5.1 Historical Trend (2018-2023)
11.2.5.5.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Turner Construction Company
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Bechtel Corporation
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Kiewit Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 STO Building Group
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Fluor Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 DPR Construction
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Skanska AB
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Clark Construction Group, LLC
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 PCL Constructors Inc.
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 EllisDon Corporation
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Aecon Group Inc.
13.2.11.1 Company Overview
13.2.11.2 Product Portfolio
13.2.11.3 Demographic Reach and Achievements
13.2.11.4 Certifications
13.2.12 Graham Construction & Engineering Inc
13.2.12.1 Company Overview
13.2.12.2 Product Portfolio
13.2.12.3 Demographic Reach and Achievements
13.2.12.4 Certifications
13.2.13 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Construction Market: Key Industry Highlights, 2018 and 2032
2. North America Construction Historical Market: Breakup by Construction Type (USD Trillion), 2018-2023
3. North America Construction Market Forecast: Breakup by Construction Type (USD Trillion), 2024-2032
4. North America Construction Historical Market: Breakup by End Use (USD Trillion), 2018-2023
5. North America Construction Market Forecast: Breakup by End Use (USD Trillion), 2024-2032
6. North America Construction Historical Market: Breakup by Country (USD Trillion), 2018-2023
7. North America Construction Market Forecast: Breakup by Country (USD Trillion), 2024-2032
8. United States Construction Historical Market: Breakup by Region (USD Trillion), 2018-2023
9. United States Construction Market Forecast: Breakup by Region (USD Trillion), 2024-2032
10. Canada Construction Historical Market: Breakup by Region (USD Trillion), 2018-2023
11. Canada Construction Market Forecast: Breakup by Region (USD Trillion), 2024-2032
12. North America Construction Market Structure
The market reached a value of nearly USD 2.20 trillion in 2023.
The market is estimated to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 3.39 trillion by 2032.
The surge in the residential construction activities across the region, growing expansion of IT players, and increasing government investments aimed at boosting infrastructure development are the major drivers of the market.
The key trends in the market include technological advancements in the construction sector and increasing investments towards escalating industrial construction.
Renovations and demolition and new constructions are the different construction types included in the market report.
Commercial, residential, industrial, education and research, and medical and healthcare, among others, are the major end uses of construction.
Turner Construction Company, Bechtel Corporation, Kiewit Corporation, STO Building Group, Fluor Corporation, DPR Construction, Skanska AB, Clark Construction Group, LLC, PCL Constructors Inc., EllisDon Corporation, and Aecon Group Inc., Graham Construction & Engineering Inc, among others, are the key market players.
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