The United States construction market size reached approximately USD 1.90 Trillion in 2024. The market is projected to grow at a CAGR of 4.40% between 2025 and 2034, reaching a value of around USD 2.92 Trillion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.4%
Value in USD Trillion
2025-2034
*this image is indicative*
Construction is the term that refers to the whole process of building or assembling physical structures, such as buildings, bridges, roads, and other infrastructure. It involves a series of activities, including planning, design, procurement of materials and labour, and the actual physical construction. A construction project can employ professionals from various fields, including architects, engineers, contractors, project managers, and various skilled tradespeople.
The EMR’s report titled “United States Construction Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Construction Type:
Market Breakup by End Use:
Market Breakup by Region:
Additions in construction are expected to hold a major portion of the United States construction market share in the coming years. Additions refer to the process of expanding or enhancing an existing structure or building. The government has recognised the necessity to upgrade decades-old infrastructure and is increasingly investing to upgrade the vast network of infrastructure comprised of roads and bridges to freight rail and ports to electrical grids and internet provision.
According to the United States construction market analysis, commercial construction is likely to experience significant growth during the forecast period. Commercial construction refers to the development of office spaces, manufacturing plants, medical centres, and shopping centres, among others. The increasing establishment of private firms and shops in developing states of the country provides substantial scope for market expansion. Furthermore, commercial construction activities are expected to surge in the coming years with the increasing demand for green buildings in the coming years.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States construction market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Hensel Phelps Construction Company is a leading construction company based in the United States. The company has been operating in the sector since 1937 and has expertise in a variety of project types, including healthcare, government, education, hospitality and leisure, and industrial, among others. It places a strong emphasis on incorporating innovative construction technologies and practices.
Lennar Corporation is one of the largest and most well-known residential construction and real estate development companies in the United States. Founded in 1954, the company has played a significant role in shaping the American housing market. It constructs a diverse range of homes, including single-family homes, townhomes, condominiums, and active adult communities.
Kiewit Corporation is a major construction, engineering, and mining company based in the United States. Established in 1884, the company has grown into one of the largest and most successful construction firms in North America. The company has built a reputation for its expertise in large-scale construction projects, which include projects such as highways, bridges, and airports, as well as energy-related projects.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other United States construction market players include D.R. Horton, Inc., Tutor Perini Corporation, PCL Constructors Inc., Kajima Corporation, Hochtief AG, Pultegroup, Inc., and NVR, Inc. (Ryan Homes), among others.
United States Construction Companies
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In 2024, the market reached an approximate value of USD 1.90 Trillion.
The market is projected to grow at a CAGR of 4.40% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 2.92 Trillion by 2034.
The market is being driven by the increasing development of existing infrastructure and the integration of the latest technologies in construction.
The growing number of green building projects and the introduction of government plans to drive public infrastructural development are aiding the market growth.
The major regional markets are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The different end uses are commercial construction, residential construction, industrial construction, and energy and utilities construction, among others.
The key players in the market include Hensel Phelps Construction Company, Lennar Corporation, Kiewit Corporation, D.R. Horton, Inc., Tutor Perini Corporation, PCL Constructors Inc., Kajima Corporation, Hochtief AG, Pultegroup, Inc., and NVR, Inc. (Ryan Homes), among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Construction Type |
|
| Breakup by End Use |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
|
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