The value of overall construction output in the United States grew by over *** trillion U.S. dollars in 2024. That refers to all construction activities, including the construction of buildings and infrastructure, as well as other specialized activities, such as roofing, HVAC, and plumbing installation, among others. The construction sector during recessions The strength of the construction industry generally tends to parallel that of the nation’s economy. After the Great Recession in 2008, there was a noticeable decrease in the value of new construction put in place in the United States, as it can be observed in this statistic. Nevertheless, both public and private construction spending in the U.S. kept increasing in 2020 despite the effects of the start of the COVID-19 pandemic in the economy. Construction worker shortage To sustain growth, there are several challenges that the construction industry in the U.S. has faced in the past years. The shortage if skilled labor in the construction industry has been one of the most notable barriers to growth in the industry in the past couple of years. The industry is facing that challenge at a time in which there is also a high demand for new buildings, as there was a significant housing shortage in metropolitan areas all throughout the United States.

In the second quarter of 2024, the growth rate of the Turkish construction industry reached *** percent. Throughout the observed period, the construction industry in Turkey showed both recession and growth. As of the last quarter of 2022, the industry began to record growth again and registered the highest growth rate in the third quarter of 2023, with nearly ** percent.

In 2024, the value of construction of commercial buildings in the United States decreased noticeably, falling to lower levels than in 2022. After a noticeable drop in the U.S. commercial construction market during the 2008 recession, the value of commercial construction that has been put in place has recovered to pre-recession figures, reaching *** billion U.S. dollars in 2022. Warehouses and private offices were the most common type of commercial construction starts in the United States. How does commercial construction differ? Commercial construction is for the purpose of business through new buildings like offices or a new industrial facility. In the commercial market, contractors must also take into account the needs of other businesses that may also be established within the building. The larger size in commercial construction tends to lead to the utilization of steel as well as other equipment such as cranes. Such equipment also requires skilled personnel for safe and efficient operations.

In 2024, Singapore’s construction sector contributed around ***** billion Singapore dollars to the country’s gross domestic product (GDP). This was a noticeable increase after the construction sector had been especially affected by the COVID-19 pandemic. Robust private and public sector demand in 2019 The construction sector in Singapore experienced three consecutive years of negative growth until 2019. This increase was fueled in part by the unexpected higher demand from the private sector, especially by the construction of new petrochemical facilities by global giants Linde and ExxonMobil. Public construction demand, meanwhile, has been growing steadily since 2015, supported by major civil engineering projects such as the expansion of the MRT lines and housing development. In that year, the value of contracts awarded for both private and public sector construction amounted to around ** billion Singapore dollars. Impact of COVID-19 on the construction sector However, the COVID-19 pandemic has already negatively impacted the construction industry. Singapore experienced its worst recession since independence, and in Q1 2020, the construction sector contracted by **** percent. Social distancing measures and the stopping of non-essential work meant that many construction projects were put on hold. Furthermore, Singapore’s construction sector is facing a two-fold labor crisis. This industry is heavily reliant on migrant workers from foreign countries. The global restrictions in travel meant that hardly any new labor was available. Adding to this challenge, the migrant workers in Singapore had been badly hit by COVID-19, making up the largest share of COVID-19 infections in the country.

According to Cognitive Market Research, the global Construction Machinery Rental Market size was USD 127154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 50861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 38146.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 29245.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 6357.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2543.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
The earthmoving category is the fastest growing segment of the Construction Machinery industry

Market Dynamics of Construction Machinery Rental Market

Key Drivers for Construction Machinery Rental Market

Increasing demand for flexible lease agreements: Adaptable rental contracts enable contractors to modify their equipment usage based on particular project needs. This approach aids in optimizing resources and expenses without the necessity for long-term obligations. The capacity to rent machinery customized to the length and scale of projects is fueling demand throughout the construction sector.

Access to state-of-the-art technology: Rental firms are progressively providing sophisticated machinery that features GPS tracking, automation, and telematics systems. These innovations enhance efficiency, minimize downtime, and facilitate real-time monitoring. The opportunity to utilize contemporary equipment without the responsibilities of ownership motivates contractors to prefer rental services over outright purchases.

Restraint Factor for the Construction Machinery Rental Market

Vulnerability to economic downturns: The construction sector is intricately linked to the overall economic landscape. In times of economic decline or recession, construction activities tend to decrease, resulting in a diminished demand for rental equipment. Consequently, the rental market exhibits a high sensitivity to fluctuations in economic conditions.

High maintenance and logistics challenges: Construction machinery necessitates substantial maintenance and meticulous handling. For rental companies, guaranteeing equipment reliability and overseeing transport logistics can elevate operational expenses. Any delays or technical difficulties may disrupt projects and impact customer satisfaction, thereby serving as a limitation on market expansion.

Key Trends for the Construction Machinery Rental Market

Surge in smart equipment integration: There is an increasing trend towards the adoption of connected machinery that incorporates features such as real-time diagnostics, predictive maintenance, and usage tracking. This development enables rental firms to manage their fleets more effectively and offers additional value to clients who prioritize reliability and data-informed decision-making.

Growing demand from short-term urban projects: The processes of urbanization and the emergence of time-sensitive infrastructure initiatives are driving a heightened preference for short-term equipment rentals. Contractors engaged in road repairs, public infrastructure, and smart city projects find rental services to be both cost-effective and operationally adaptable for fulfilling stringent deadlines.

Impact of Covid-19 on the Construction Machinery Rental Market

Covid-19 had a significant impact on the Construction Machinery Rental Market. Due to supply chain disruptions caused by government-enforced lockdowns aimed at stopping the disease's spread, the COVID-19 epidemic had a detrimental effect on international trade. A reduction in earnings was observed by various construction enterprises as a result of the cessation of all construction-related operations. Product penetration is being driven, nevertheless, by a decline in COVID instances and the res...

In real terms, the Ukrainian construction industry recovered in 2015 after registering a gloomy performance in 2014 owing to the economic recession. Weak construction activity in 2014 was a result of various factors such as the country’s high public debt, widespread corruption and currency devaluation, which forced the economy into recession. Read More

In real terms, the Japanese construction industry registered positive growth during the review period (2012–2016). Construction activity slowed during 2014–2015 as the economy suffered a technical recession, which affected business confidence. However, the economy gradually recovered in 2016, driven by strong global demand and improvements in the country’s export trade. This accelerated the pace of public and private sector investment in construction projects. Read More

In Brunei Steel Market, In brunie, the construction industry has recovered from the recession. The business is expanding more than the economy as a whole at a moderate rate right now.

Owing to the effects of economic recession, construction activity in the Czech Republic was weak during the review period (2012–2016). This led to the implementation of various government austerity measures which reduced the pace of investment in construction projects. The industry’s output value in real terms recorded a review-period compound annual growth rate (CAGR) of 1.51%. Read More

In July 2025, approximately ******* home construction projects started in the United States. The lowest point for housing starts over the past decade was in 2009, just after the 2007-2008 global financial crisis. Since 2010, the number of housing units started has been mostly increasing despite seasonal fluctuations. Statista also has a dedicated topic page on the U.S. housing market as a starting point for additional investigation on this topic. The impact of the global recession The same trend can be seen in home sales over the past two decades. The volume of U.S. home sales began to drop in 2005 and continued until 2010, after which home sales began to increase again. This dip in sales between 2005 and 2010 suggests that supply was outstripping demand, which led to decreased activity in the residential construction sector. Impact of recession on home buyers The financial crisis led to increased unemployment and pay cuts in most sectors, which meant that potential home buyers had less money to spend. The median income of home buyers in the U.S. fluctuated alongside the home sales and starts over the past decade.

The Greek construction industry is projected to recover over the forecast period (2018-2022), with compound annual growth rate (CAGR) in real terms set to accelerate from -2.4% in the review period (2013-2017) to reach 4.7%. Investment in commercial, residential and industrial buildings is expected to drive the forecast-period growth of the industry. Moreover, government and private sector investment to clear the country’s infrastructure backlog, which grew significantly due to multi-year deep recession, is expected to provide some support to the industry growth over the forecast period. Read More

The size of the Flat Glass Market market was valued at USD 113.47 Million in 2023 and is projected to reach USD 162.67 Million by 2032, with an expected CAGR of 5.28% during the forecast period. The global flat glass market is experiencing significant growth, driven by increasing demand from construction, automotive, and solar energy industries. Key features of flat glass include high durability, clarity, and versatility, making it ideal for various applications such as windows, facades, mirrors, and solar panels. The market is categorized by type into tempered, laminated, and insulated glass, each offering distinct advantages in safety, strength, and energy efficiency. Technological advancements, such as low-emissivity coatings and smart glass technologies, are enhancing product performance and driving market expansion. The impact of flat glass technology is profound, contributing to sustainable building practices and energy savings. Overall, the flat glass market offers substantial advantages, including improved energy efficiency, safety, and aesthetic appeal, aligning with global trends towards sustainability and innovation. Recent developments include: In September 2022, AGC Glass Europe S.A. a 100% subsidiary of AGC a world-leading manufacturer of glass, chemicals, and high-tech materials announced that it will produce a float glass range featuring a significantly reduced carbon footprint of less than 7 kg of CO2 per m2 for clear glass (4 mm thickness) by the end of 2022., In June 2022, Saint Gobain unveiled its new highly reflective glass, MIRASTAR REFLECT. The product has a high level of opacity and reflection, with only 0.1% Light Transmission and 55% Light Reflection. It shows great durability even in high-humidity environments and is best suited for mirrored wall-fixed applications.. Key drivers for this market are: Growing Demand for Electronic Displays, Increasing Demand from the Construction Industry. Potential restraints include: Impact of the Upcoming Recession Across the Globe and the Resurgence of COVID-19 in China, Other Restraints. Notable trends are: Construction Industry to Drive the Demand for Flat Glass.

According to Cognitive Market Research, The Global Sprayed Concrete Machines market size is USD 7.8 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.

The demand for sprayed concrete machines is rising due to the increasing youngster population, resulting in increased demand for entertainment activities in public-centric malls.
Demand for wet mix shotcrete process remains higher in the sprayed concrete machines market.
The robotic spraying system category held the highest sprayed concrete machines market revenue share in 2023.
Europe will continue to lead, whereas the Asia Pacific sprayed concrete machines market will experience the strongest growth until 2030.

Market Dynamics of Sprayed Concrete Machines

Key Drivers of Sprayed Concrete Machines market

Increase in R&D Investment by Key Players to Deliver Viable Market Output

The sprayed concrete machines market is witnessing substantial growth due to a notable increase in R&D investments by key industry players. These investments are driving innovation and technological advancements in sprayed concrete equipment, resulting in improved efficiency, durability, and safety in construction projects. As a result, the market is experiencing heightened demand for these machines, particularly in the construction and mining sectors. This upward trend underscores the importance of ongoing research and development efforts by industry leaders, contributing to the sector's expansion and ensuring the delivery of state-of-the-art equipment to meet evolving industry needs.

For instance, in February 2021, Sika launched a new recycling procedure for old concrete where old concrete is distributed into portions of sand, stone and limestone by a straightforward and efficient process, which also binds around 60 kg of CO2 per crushed material. With the brand reCO2ver, the renaming will considerably decrease the environment for the construction industry.

(Source:gcc.sika.com/en/media/media-releases/2021/sika-achieves-breakthrough-in-concrete-recycling.html)

Various Strategies Adopted by Key Players to Propel Market Growth

Key players in various industries employ diverse strategies to bolster their market positions. Market expansion is a common approach involving geographical diversification or targeting new customer segments. Product diversification mitigates risks by offering a wider range of products or services. Mergers and acquisitions enable access to new technologies and markets. Innovation and ongoing R&D investments lead to product improvements and differentiation. Cost leadership strategies focus on operational efficiency and competitive pricing.

For instance, in March 2019, Sika agreed to acquire King Packaged Materials Company, a large independent Canadian manufacturer of dry-sprayed concrete and mortars for concrete repair. With the acquisition, Sika will further expand its geographical footprint in Canada and improve its growth potential in the home improvement, construction, mining and tunneling markets.

(Source:finance.yahoo.com/news/sika-acquires-leading-canadian-manufacturer-060201275.html)

Key Restraints of Sprayed Concrete Machines market

Shortage of Skilled Labors to Hinder Market Growth

The major restraint observed in the growth of the sprayed concrete market is the lack of skilled laborers for different construction activities. All retail and residential builders face deficiencies in labor. During the recession, numerous skilled construction employees left the industry when they saw work was tough. And those who enter the workforce don't believe in the field of construction. The issue has reached such a broad scale that the stunted development in the industry has forced the builders to financial issues.

Opportunity for Sprayed Concrete Machines market

Technological Advancements and Infrastructure Growth Are Creating Opportunities for the Sprayed Concrete Machines Market

The sprayed concrete machines market is experiencing significant growth, driven by technological innovations and the expanding demand for efficient construction solutions. Sprayed concrete, also known as shotcrete, offers rapid application, high strength, and versatility, making it ideal for applications such as tunneling, mining, slope stabilization, and architectural structures. The market is witnessing a shift towards ...

Snapshot img { margin: 10px !important; } The stationary generator market size in US has the potential to grow by USD 1.13 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.69%.

This report provides a detailed analysis of the market by product (stationary diesel generators and stationary gas generators), type (less than 300 kW, 301 kW to 800 kW, and greater than 800 kW), and key vendors.

Market Overview

Browse TOC and LoE with selected illustrations and example pages of Stationary Generator Market in US

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Atlas Copco AB
Briggs & Stratton Corp.
Caterpillar Inc.
Champion Power Equipment Inc.
Cummins Inc.
Deere & Co.
Denyo Co. Ltd.
Generac Power Systems Inc.
Kohler Co.
Southwest Products Corp.

The stationary generator market in US is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

The market players also significantly leverage external market drivers such as increasing demand for uninterrupted power supply to achieve growth opportunities. However, factors such as the availability of power backup alternatives will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the stationary generator market forecast in US report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

This stationary generator market analysis in US report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

Stationary Generator Market in US: Key Drivers and Trends

      The demand for energy across the US is rising rapidly, which is primarily attributed to a supply-demand imbalance and the growing focus on economic development, especially investments related to industrialization.
      The need to mitigate power outages and disruptions has led to substantial investments in enhancing the power infrastructure in the US.
      The aging of the power grid infrastructure has been a key concern in the US, as it increases the strain on power grids, which is a key cause of disruptions in power supply in utilities.
      The frequency of power outages, which are usually caused by natural disasters, distribution station failures, load shedding, maintenance shutdowns, vandalism, and cyberattacks, has also increased in the US. This has spurred the demand for uninterrupted power supply.




      The residential construction market in the US exhibited a positive outlook after being adversely affected by the recession of 2008-2009.
      The recovery period that followed the recession of 2008-2009 witnessed a resurgence in construction activities, with the residential construction segment being a significant contributor to the overall growth of the construction market in the country.
      The growth of the residential construction sector in the US has further increased the demand for stationary generators, thereby driving the market growth.
      The need for power backup is becoming essential with the rise in residential construction activities.
      The growth of the residential construction sector will influence the growth of the market during the forecast period.

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Stationary Generator Market in US: Segmentation by Type

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Generators with a power output of less than 300 kW dominated the market in focus in 2020. This is mainly because of the need for less than 300-kW generators from the residential and commercial sectors to provide short-term power backup. These types of generators are highly scalable and can be parallelly integrated. Generators with a power output of less than 300 kW have a lower footprint and require low initial investment. Thus, these generators find major applications in residential and data centers where the average annual power outage rate is less than 22-28 hours. The segment is also expected to exhibit a slower year-over-year growth compared with generators with a power rating between 301 kW and 800 kW.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the

This issue of the Economic Commentary series looks at the effects of the 2015-2016 recession on the building products sector in Alberta. U.S. housing starts are recovering strongly, which in turn is boosting Alberta exports of lumber and oriented strand board. Building product revenues are also bouncing back and are expected to continue to grow as strong growth is forecast for U.S. housing starts.

GlobalData expects Nigeria’s construction industry to contract by 12.8% in 2020, and foresees that weak public investment, alongside limited foreign direct investment (FDI) amid the global economic downturn, will push Nigeria into a steep recession. The negative impact from the Coronavirus (COVID-19) pandemic, lockdown measures and low oil prices has already been felt across all sectors, especially in retail and real estate. Read More

The non-durable materials market took almost three and a half years to recover its performance levels from the effects caused by the great recession (between 2007 and 2009). Other industries, such as construction, and metals and mining, have still not returned to their pre-recession peak performances (as of May 2020).

************* ranked first among the world’s largest global construction material manufacturers in 2024. However, this company with headquarters in Luxembourg manufactures steel, not just for the construction products. ************, the second company with the highest revenue, was mainly focused on the production of construction and other high-performing materials. Saint-Gobain's revenue was much higher than at the start of the 2000s. Its sales were significantly higher than those of the next entry in the list, China National Building. Building materials Building materials manufacturers produce materials which are used for construction and include a wide variety of materials. Building materials can be categorized into naturally-occurring materials like wood and timber, and man-made substances like cement and glass. New building standards and concerns such as natural disasters and other hazards have put increased pressure on manufacturers to increase the strength, durability, and reliability of their building materials. Construction worker shortage? The construction materials sector has recovered since the 2009 Recession and is growing along with the construction industry. However, a shortage in the construction workforce has been a consistent trend in many countries, which has lead to delayed projects as well as higher prices. Trade workers are some of the positions with the highest number of job vacancies in the construction industry in Canada. Nevertheless, there are also some other important obstacles that the construction sector is facing, such as the rising prices of construction materials.

Prior to the Coronavirus (COVID-19) outbreak, GlobalData expected Singapore’s construction industry to grow by 2.9% in 2020. However, with the emergence of the pandemic and the stringent measures taken by the government to contain the spread of the virus, the construction industry is now set to contract by 17.8% in 2020. The country’s construction industry recorded an unprecedented contraction in the second quarter of 2020, a period during which there was a complete halt of all construction activity, except for work on some essential projects during the “circuit breaker” period of 7th April to 1st June 2020. Construction value-add shrank by 54.7% on a year-on-year (y-o-y) basis in the second quarter, and by a whopping 95.6% on a quarter-on-quarter (q-o-q) seasonally-adjusted annualized basis, according to the advanced estimates released by the Ministry of Trade and Industry (MTI). The effects of the circuit breaker measures were also reflected in the overall economic data, with the economy officially entering into a recession during the second quarter of 2020. The economy shrank by 12.6% on a y-o-y basis, and 41.2% on a q-o-q seasonally-adjusted annualized basis in Q2 2020. Read More

In 2024, the price of cement in the United States stood at an estimated *** U.S. dollars per metric ton, remaining the highest it has been in recent years. Different types of cement In 2024, the United States' imports of hydraulic cement amounted to ** million metric tons. One of the most common types of hydraulic cement is known as Portland cement. It is used in concrete, mortar, stucco, as well as grout. The U.S. produced an estimated ** million metric tons of Portland cement and masonry cement in 2024. Cement price recovery from the great recession In 2016, cement prices finally surpassed pre-recession prices, which was about *** U.S. dollars per metric ton the year prior to the global recession. By 2024, U.S. cement had increased further to an estimated price of *** U.S. dollars per metric ton. The cement price per ton relies heavily on demand from the construction industry. Global cement production may reach as much as *** billion metric tons by 2050. In 2023, France’s Saint-Gobain, one of the leading manufacturers of construction materials worldwide, reported sales totaling nearly ** billion U.S. dollars.