United States (US) Construction Market Summary, Competitive Analysis and Forecast to 2029

Construction in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– Construction market includes both residential and non-residential construction. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.

– The US construction industry recorded revenues of $2,529.3 billion in 2024, representing a compound annual growth rate (CAGR) of 7.9% between 2019 and 2024.

– The non-residential segment accounted for the industry's largest proportion in 2024, with total revenues of $1,433.4 billion, equivalent to 56.7% of the industry's overall value.

– The growth of the US construction industry during 2019–24 was strengthened through government investments focused on improving infrastructure. For instance, the Bipartisan Infrastructure Law (2021) allocated over $1.2 trillion to upgrade roads, bridges, public transit, water systems, and broadband networks.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in the United States

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in the United States

– Leading company profiles reveal details of key construction market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the United States construction market with five year forecasts by both value and volume

Reasons to buy

- What was the size of the United States construction market by value in 2024?

- What will be the size of the United States construction market in 2029?

- What factors are affecting the strength of competition in the United States construction market?

- How has the market performed over the last five years?

- Who are the top competitors in the United States's construction market?

Companies mentioned

D.R. Horton Inc

Lennar Corp

Turner Construction Co

Fluor Corp

Bechtel Group Inc

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market rivalry

1.6. Competitive landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players in this industry?

7.2. What are the strategies of the leading players?

7.3. What are the strengths of the leading players?

8 Company Profiles

8.1. D.R. Horton Inc

8.2. Lennar Corp

8.3. Turner Construction Co

8.4. Fluor Corp

8.5. Bechtel Group Inc

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: United States construction industry value: $ million, 2019–24

Table 2: United States construction industry category segmentation: % share, by value, 2019–24

Table 3: United States construction industry category segmentation: $ million, 2019-24

Table 4: United States construction industry geography segmentation: $ million, 2024

Table 5: United States construction industry value forecast: $ million, 2024–29

Table 6: D.R. Horton Inc: Key Facts

Table 7: D.R. Horton Inc: Annual Financial Ratios

Table 8: D.R. Horton Inc: Key Employees

Table 9: Lennar Corp: Key Facts

Table 10: Lennar Corp: Annual Financial Ratios

Table 11: Lennar Corp: Key Employees

Table 12: Turner Construction Co: Key Facts

Table 13: Turner Construction Co: Key Employees

Table 14: Turner Construction Co: Key Employees Continued

Table 15: Turner Construction Co: Key Employees Continued

Table 16: Turner Construction Co: Key Employees Continued

Table 17: Fluor Corp: Key Facts

Table 18: Fluor Corp: Annual Financial Ratios

Table 19: Fluor Corp: Key Employees

Table 20: Bechtel Group Inc: Key Facts

Table 21: United States Size of Population (Million), 2020–24

Table 22: United States Real GDP (Constant 2010 Prices, $ Billion), 2020–24

Table 23: United States GDP (Current Prices, $ Billion), 2020–24

Table 24: United States Inflation, 2020–24

Table 25: United States Consumer Price Index (Absolute), 2020–24

Table 26: United States Exchange Rate, 2019–24

List of Figures

List of Figures

Figure 1: United States construction industry value: $ million, 2019–24

Figure 2: United States construction industry category segmentation: $ million, 2019-24

Figure 3: United States construction industry geography segmentation: % share, by value, 2024

Figure 4: United States construction industry value forecast: $ million, 2024–29

Figure 5: Forces driving competition in the construction industry in the United States, 2024

Figure 6: Drivers of buyer power in the construction industry in the United States, 2024

Figure 7: Drivers of supplier power in the construction industry in the United States, 2024

Figure 8: Factors influencing the likelihood of new entrants in the construction industry in the United States, 2024

Figure 9: Factors influencing the threat of substitutes in the construction industry in the United States, 2024

Figure 10: Drivers of degree of rivalry in the construction industry in the United States, 2024

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