Based on planned construction development over the next few years, the value of non-residential construction put in place in 2028 in the United States is expected to reach roughly 949 billion U.S. dollars. Non-residential construction can include segments like the construction of lodging, offices, commercial buildings, health care, and education. Generally, the U.S. construction industry is linked to the economic wellbeing of the country. Construction industry needs Within the non-residential building industry, commercial building construction in the U.S. decreased in 2024 after increasing considerably the prior two years. However, the construction industry faces challenges such as the rising construction costs. The modernization of a typically conservative industry will be important in the near future to support customer demands and to improve operation models. Integrating sustainable building processes and features in projects as well as establishing technological advancements like building information modeling (BIM) will be essential for the future of the construction industry. Non-residential vs. residential During the past years, new residential construction in the United States usually had a higher value than non-residential construction. Until 2019, the values of new residential and non-residential construction had remained fairly similar. However, the value of new residential construction started quite fast between 2020 and 2022. Nevertheless, the number of permits for private housing construction started decreasing since late 2022
This statistic shows the projected number of workers in the construction industry in the United States in 2019 and 2026, by size of firm. By 2026, the construction industry in the U.S. is projected to have ******* workers at firms employing 10,000 people or more.
This statistic represents energy inputs faced by the construction industry in the United States between 1997 and 2019. In 2019, energy inputs cost the construction industry around **** billion U.S. dollars.
Construction Market Size 2025-2029
The construction market size is forecast to increase by USD 1,288.3 billion at a CAGR of 5.5% between 2024 and 2029.
The market is experiencing significant growth, driven by the rise in residential and commercial infrastructure projects worldwide. This trend is fueled by increasing urbanization, population growth, and economic development in various regions. One key trend is the increasing adoption of green buildings, which are in the Innovator's stage in some regions and the Early Majority in others, leading to varying adoption rates and penetration levels. Furthermore, the integration of Artificial Intelligence (AI) in the construction sector is revolutionizing the industry, enhancing productivity, efficiency, and safety. As the industry evolves, companies must navigate this obstacle by exploring cost-effective solutions, such as shared equipment ownership models or renting, to remain competitive.
To capitalize on the market's potential, businesses should focus on innovation, collaboration, and operational excellence, ensuring they deliver high-quality projects on time and within budget. By addressing these challenges and embracing the opportunities presented by the market, companies can effectively position themselves for long-term success. Another key driver is the integration of Artificial Intelligence (AI) in the construction sector, which is revolutionizing the industry by improving efficiency, reducing costs, and enhancing safety.
What will be the Size of the Construction Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic market, securing permissions for building projects remains a crucial aspect of the industry. Cold storage facilities, a niche segment, continue to gain traction in the hospitality and leisure sectors, driven by innovative technologies and consumer demand. Smart cities are at the forefront of integrating sustainability regulations into commercial buildings, leading to increased usage of eco-friendly construction materials and raw resources. Site preparation and worker safety regulations are under constant scrutiny, ensuring compliance and adherence to industry standards.
The retail sector is also embracing technology, with the integration of automation and smart systems becoming increasingly common. Innovative technologies continue to shape the construction landscape, from 3D printing to modular construction, streamlining processes and reducing costs. Regardless, the industry's focus on sustainability and safety regulations ensures a responsible and forward-thinking approach to construction projects. However, the high cost of construction machinery poses a substantial challenge for market participants.
How is this Construction Industry segmented?
The construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Type
Buildings construction
Heavy and civil engineering construction
Land planning and development
Specialty trade contractors
End-user
Private sector
Public sector
Product
Traditional
Sustainable
Geography
North America
US
Canada
Europe
Germany
UK
APAC
China
India
Indonesia
Japan
South Korea
Rest of World (ROW)
By Type Insights
The buildings construction segment is estimated to witness significant growth during the forecast period. The market encompasses various sectors, with buildings construction being a prominent and evolving segment. This segment includes residential, commercial, and multifamily buildings, each contributing significantly to the market's growth. For instance, Egypt's ambitious project to develop a new administrative capital, the New Administrative Capital (NAC), is a notable example. Located approximately 45 kilometers east of Cairo, NAC is designed to alleviate overcrowding and pollution in the current capital. A key player in this transformation is the China State Construction Engineering Corporation (CSCEC), a Chinese state-owned enterprise. Meanwhile, smart cities are emerging as a significant trend in the construction industry.
Economic development and retail activities are integral to the market, with developers focusing on creating vibrant and sustainable communities. Civil engineering plays a crucial role in the development of infrastructure, including roads, bridges, and water supply systems. Climate change is a pressing concern, and the construction industry is responding by incorporating green and energy-efficient practices into their projects. Sustainability regulations are becoming increasi
This statistic shows the uses of building information modeling (BIM) in the construction sector of the United States as of summer 2019. As of that time, some ** percent of the surveyed builders stated that they use BIM in their companies for visualizations.
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The global market size of Construction is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Construction Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Construction industry. The key insights of the report:
1.The report provides key statistics on the market status of the Construction manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Construction industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Construction Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Construction as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share
For product type segment, this report listed main product type of Construction market
* Product Type I
* Product Type II
* Product Type III
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III
For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.
US Commercial Construction Market Size 2025-2029
The us commercial construction market size is forecast to increase by USD 191 billion at a CAGR of 2.7% between 2024 and 2029.
The Commercial Construction Market in the US is experiencing significant growth driven by the increasing trend towards sustainable building design and the emergence of smart cities. Green buildings, which incorporate energy-efficient designs and renewable energy sources, are gaining popularity due to their environmental benefits and cost savings over time. This trend is expected to continue, with the US Green Building Council reporting that nearly half of all new commercial construction projects in the US are now green certified. However, the market is not without challenges. One of the most pressing issues is the lack of skilled labor in the construction industry. According to the Associated General Contractors of America, over 80% of contractors report difficulty in filling hourly craft positions. This labor shortage is driving up costs and delaying project timelines, making effective workforce management a critical challenge for construction companies. To capitalize on the growth opportunities in the market, companies must focus on innovative solutions to address the labor shortage, such as training programs and partnerships with vocational schools. Additionally, leveraging technology, such as automation and modular construction, can help improve efficiency and reduce reliance on manual labor. Overall, the Commercial Construction Market in the US presents significant opportunities for companies that can effectively navigate these challenges and stay ahead of the trend towards sustainable and smart building design.
What will be the size of the US Commercial Construction Market during the forecast period?
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The commercial construction market in the US is experiencing significant dynamics and trends. Labor force shrinkage and escalating costs are major challenges for office building construction, repair and maintenance, water infrastructure projects, and mixed-use developments. Infrastructure development programs and urban regeneration are driving the need for energy-saving designs, outdoor leisure facilities, and renovation and retrofitting. Product lead times and fluctuating material prices add complexity to retail building projects in the non-residential building market. Labor shortages and rising building material prices are also impacting infrastructure projects and refurbishment and demolition activities. These factors necessitate innovative solutions and strategic planning for US businesses in the construction sector. Market research firms like FMI, Grand View Research, and Juniper Research provide valuable insights into these trends and dynamics.
How is this market segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. SectorPrivate constructionPublic constructionTypeBuildingOthersEnd-userOffice buildingsRetail spacesHotels and hospitalityHealthcare facilitiesOthersGeographyNorth AmericaUSEuropeMiddle East and AfricaAPACSouth AmericaRest of World (ROW)
By Sector Insights
The private construction segment is estimated to witness significant growth during the forecast period.
The commercial construction market in the US encompasses the development of various structures, including restaurants, grocery stores, shopping centers, office facilities, hospitals, and educational institutions. Notable projects, such as the El Paso VA Health Care Center in Fort Bliss, which had its groundbreaking on August 28, 2024, and Skymark Reston Town Center, the tallest residential tower in the Capital Region, which reached its topping out point in October 2023, contribute significantly to this sector's expansion. Infrastructure development programs, such as electric grid reconstruction and water infrastructure projects, are also driving the commercial construction market. For instance, the infrastructure bill, which includes funding for infrastructure projects, is expected to boost the market's growth. Additionally, the non-residential building market is experiencing a surge due to urban regeneration and renovation and retrofitting initiatives. However, the market faces challenges, including labor shortages, cost escalation, and fluctuating material prices. The construction industry's labor shortage is a significant concern, with an estimated 200,000 unfilled jobs in 2023. Furthermore, infrastructure projects often face delays due to labor shortages and rising material prices. The non-residential segment, including office buildings and retail buildings, is experiencing increased demand due to the shift towards energy-saving designs and the need for better communic
This statistic shows the projected number of firms in the construction industry in the United States in 2019 and 2026, by size of firm. By 2026, the construction industry in the U.S. is projected to have ** companies employing over 10,000 people.
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The North American residential construction market, valued at $850 million in 2025, is projected to experience robust growth, driven by several key factors. A steadily increasing population, particularly in urban centers, fuels the demand for new housing units, both single-family homes and multi-family dwellings. Furthermore, favorable government policies aimed at stimulating housing development and improving infrastructure contribute to this positive market outlook. The renovation segment also presents a significant opportunity, as older homes require upgrades and modernizations, catering to a rising preference for energy efficiency and sustainable building practices. While rising material costs and labor shortages pose challenges, the market's resilience stems from consistent demand and the innovative solutions adopted by major players like Lennar, D.R. Horton, and PulteGroup. These companies are strategically investing in technological advancements and streamlined construction processes to mitigate these challenges and maintain profitability. The market is segmented by property type (single-family and multi-family) and construction type (new construction and renovation), allowing for targeted investment and development strategies. The continued expansion of suburban areas and the increasing preference for larger living spaces further contribute to the market's expansion. The projected Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2033 indicates sustained growth. This growth, however, is expected to fluctuate year-over-year depending on macroeconomic conditions such as interest rates and overall economic performance. Factors like fluctuating material prices, potential changes in building codes, and shifts in consumer preferences will influence the market’s trajectory. Nevertheless, the long-term forecast remains optimistic, supported by the continued need for affordable and sustainable housing solutions across North America, particularly in high-growth regions within the United States and Canada. The competitive landscape is characterized by both large national builders and regional players, leading to constant innovation and competition in pricing and design. This comprehensive report provides a detailed analysis of the North America residential construction market, offering invaluable insights for investors, builders, and industry stakeholders. Covering the period from 2019 to 2033, with a focus on 2025, this report meticulously examines market trends, growth drivers, challenges, and opportunities within the single-family, multi-family, new construction, and renovation sectors. Utilizing data from the historical period (2019-2024), the base year (2025), and an estimated forecast period (2025-2033), this report paints a clear picture of the market's trajectory. Recent developments include: December 2022: In southeast Columbus, D.R. Horton intends to build homes for USD 215 million., December 2022: According to the company's fourth-quarter results call, Lennar Corp. has decided not to proceed with its plans to spin off its multifamily subsidiary, Quarterra, by the end of the year owing to adverse market circumstances., December 2022: At the southeast corner of Idlewild Street and Plantation Road in south Fort Myers, a 17-acre site is being cleared. According to Lee County documents, the area will be transformed into the 52-home neighborhood of Addison Square. The land was purchased by Pulte Homes for USD 2.4 million in a deal facilitated by Chuck Mayhugh of Mayhugh Commercial Advisors. The homes will vary in price from more than USD 500,000 and have 1,600 to 3,400 square feet of living space, with the majority of the homesites being grouped together along a sizable, central lake. According to Pulte executives, construction on the model houses should start by the spring, with some of them being done by the summer.. Key drivers for this market are: Population Growth and Disposable Income, Demand from Office Sector Returning Post COVID-; Non-residential Construction on Upward Trend. Potential restraints include: Interests and Financing, Increase in Cost of Raw Materials. Notable trends are: 800,000 Housing Units Must Be Built Annually in Mexico to Keep Up with Demand.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 9.14(USD Billion) |
MARKET SIZE 2024 | 9.48(USD Billion) |
MARKET SIZE 2032 | 12.7(USD Billion) |
SEGMENTS COVERED | Project Type ,Construction Method ,Contract Type ,Building Material ,Green Building Certification ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Increasing demand for sustainable buildings Growing need for smart and efficient infrastructure Rise in investment in commercial real estate Technological advancements in construction techniques Government initiatives to support commercial construction |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Skanska AB ,China Construction Group ,McCarthy Building Companies ,Bechtel ,Samsung C&T Corporation ,Lendlease Group ,Strabag SE ,Takenaka Corporation ,Kajima Corporation ,Turner Construction Company ,Fluor ,AECOM ,Obayashi Corporation ,Perini Corporation ,Jacobs |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Highrise building construction Smart building infrastructure Sustainable construction Data center construction Healthcare facility construction |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.72% (2025 - 2032) |
US Data Center Construction Market Size 2025-2029
The US data center construction market size is forecast to increase by USD 15.02 billion at a CAGR of 10.8% between 2024 and 2029.
US Data Center Construction Market is experiencing significant growth due to the increasing number of data centers being constructed to meet the surging demand for digital services and cloud computing. This trend is driven by the shift towards remote work and learning, as well as the increasing adoption of Internet of Things (IoT) devices and advanced technologies such as artificial intelligence and machine learning. Another key trend in the market is the focus on constructing eco-friendly data centers. With growing concerns over energy consumption and carbon footprint, data center operators are investing in renewable energy sources and energy-efficient designs to reduce their environmental impact.
However, the market is not without challenges. Cybersecurity issues remain a major concern, with data centers being prime targets for cyber attacks due to the sensitive information they house. As such, data center operators must invest in robust security systems and implement strict access controls to mitigate these risks. However, cybersecurity challenges must be addressed to ensure the secure operation of these facilities. Companies seeking to capitalize on market opportunities should focus on energy efficiency, cybersecurity, and sustainability to stay competitive.
What will be the size of the US Data Center Construction Market during the forecast period?
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US data center construction market is experiencing robust growth, driven by the increasing demand for advanced telecommunications infrastructure to support IT and telecommunications industries, government and defense sectors, 5G networks, cloud-based services, and edge data centers. This growth is reflected in the significant expansion of data center capacity, with a focus on electrical infrastructure, including UPS systems, and mechanical infrastructure, such as cooling systems. Edge data centers and edge computing are also gaining traction due to the need for real-time data processing and data-driven decision-making.
The market's size is substantial, with billions of dollars being invested annually. Physical damage from natural disasters and the increasing importance of advanced technology solutions are additional factors contributing to the market's momentum. Overall, the data center construction market is a dynamic and evolving sector, underpinned by the ongoing digital transformation and the growing importance of technology in various industries.
How is this market segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Application
Enterprise
Cloud
Colocation
Hyperscale
End-user
IT and telecom
BFSI
Government and defense
Others
Infrastructure
Electrical Infrastructure
Mechanical Infrastructure
Networking Infrastructure
Power Distribution & Cooling Infrastructure
Geography
US
By Application Insights
The enterprise segment is estimated to witness significant growth during the forecast period.
In today's digital economy, businesses across sectors including healthcare, finance, and IT are undergoing transformation through the adoption of cloud computing, big data analytics, IoT devices, and artificial intelligence (AI). The resulting surge in digital data from various sources necessitates the need for advanced data center infrastructure. Enterprise data centers must provide high-capacity storage and processing capabilities to manage and analyze vast volumes of data efficiently. This data is generated from sources such as social media, mobile devices, IoT sensors, and business applications. By deriving actionable insights from this data, businesses can support decision-making processes and optimize operations.
The electrical infrastructure of data centers includes UPS systems and other electrical infrastructure, while mechanical infrastructure comprises cooling systems. IT and telecommunications sectors are significant consumers of data center services, including cloud-based data storage, cloud applications, and AI algorithms. Government and defense sectors also utilize data centers for cloud-based healthcare solutions, smart devices, and disaster recovery protocols. The adoption of cloud computing and edge computing, 5G networks, and telecommunication providers' cloud-based services is driving the demand for data centers. However, data security and cyber threats, including data breaches, remain critical concerns. Innovative designs, modular power infrastructure, and OPEX savings through real-time monitoring software and free cooling techniques are e
Construction Equipment Market Size 2025-2029
The construction equipment market size is forecast to increase by USD 34 million at a CAGR of 4.3% between 2024 and 2029.
The market is experiencing significant growth, driven by the increasing number of new equipment launches. Manufacturers continue to innovate, introducing advanced technologies and improved designs to meet the evolving needs of the construction industry. A notable trend shaping the market is the rising adoption of electric construction equipment. Emission laws are pushing the industry towards cleaner solutions, such as hybrid dump trucks and autonomous machinery. Sustainability concerns and the need for reduced emissions are pushing contractors towards greener alternatives. However, challenges persist, including the high initial cost and maintenance requirements of construction equipment.
To capitalize on market opportunities, companies must focus on cost-effective solutions and financing options. Additionally, investing in research and development to improve equipment efficiency and reduce maintenance costs will be crucial for long-term success. Navigating these challenges requires a strategic approach, with a focus on innovation, cost optimization, and customer satisfaction. The market is poised for growth, with technological advancements and the integration of renewable energy sources shaping the future of the industry.
What will be the Size of the Construction Equipment Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is experiencing significant shifts as sustainable projects gain traction, prioritizing equipment efficiency and reduced emissions. Diesel engines continue to dominate the sector, powering construction machinery for national highway projects and material handling. However, technological integration is driving innovation, with automated equipment, battery technology, and electric construction equipment gaining ground.
Infrastructure projects, including municipal services and road infrastructure, are also adopting sustainable practices, leading to increased demand for advanced construction equipment. Industrial applications of these technologies can increase efficiency, reduce labor costs, and enhance safety. Mining equipment technologies, like fuel-efficient equipment and smart mining solutions, can also contribute to cost savings and environmental sustainability.
How is this Construction Equipment Industry segmented?
The construction equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Product
Owned equipment
Rented equipment
Leased equipment
Application
Residential
Infrastructure
Commercial
Type
Earthmoving equipment
Material handling equipment
Road construction equipment
Concrete equipment
Others
Geography
North America
US
Canada
Europe
France
Germany
UK
APAC
China
India
Japan
South Korea
South America
Brazil
Rest of World (ROW)
By Product Insights
The owned equipment segment is estimated to witness significant growth during the forecast period. The market encompasses a vast array of machinery and vehicles, with the owned equipment segment holding a substantial value. This segment includes excavators, loaders, skid steers, and other construction-specific small machinery, as well as trucks, trailers, and heavy-duty vehicles. Ownership of this equipment is typically achieved through outright purchase or other means, resulting in the equipment being primarily operated, maintained, and integrated into the workflow of the construction company or contractor. Long-term contracts for sustainable construction projects are driving the demand for advanced, energy-efficient machinery, such as electric excavators and backhoes, hydraulic excavators, and hybrid dump trucks.
The loader market is experiencing growth due to the increasing focus on material handling and automation in construction activities. Heavy machinery, including bulldozers and graders, is essential for infrastructure projects, while forklifts are integral to commercial infrastructure and housing projects. Automated equipment, such as autonomous construction machinery and trenchers, is gaining traction in the industry, contributing to increased productivity and efficiency. Ozone emissions and greenhouse gas concerns are leading to the adoption of sustainable projects and the integration of technological advancements, like smart construction equipment and modular construction methods. Construction machinery leasing and rental services ar
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The Latin American residential construction market, encompassing villas/landed houses, condominiums/apartments, and prefabricated homes, presents a robust growth trajectory. Driven by factors such as increasing urbanization, rising disposable incomes across several key nations (Brazil, Mexico, Colombia, etc.), and government initiatives promoting affordable housing, the market is projected to experience a Compound Annual Growth Rate (CAGR) of 4.50% from 2025 to 2033. The market size in 2025 is estimated to be around $X billion (the exact figure requires the missing "XX" value from the original data). Significant growth is anticipated in Brazil and Mexico, fueled by strong economic performance and burgeoning populations. However, challenges remain, including fluctuating material costs, infrastructure limitations in some regions, and economic volatility in certain countries which could impact investment and construction activity. The segmentation reveals a strong demand for both apartments and villas, although the exact proportion would require further market research, indicating varied preferences across different socioeconomic strata and geographic locations. Prefabricated homes, although still a niche segment, are poised for expansion due to their cost-effectiveness and shorter construction timelines. Major players, including Somague-Engenharia S.A., Constructora VDZ SpA, and Besalco S.A., are strategically positioned to capitalize on these trends. The market's success hinges on addressing several key restraints. These include navigating potential regulatory hurdles related to construction permits and environmental regulations, managing supply chain disruptions impacting material availability and cost, and effectively mitigating risks associated with economic instability in specific Latin American countries. Successful companies will focus on sustainable construction practices, efficient project management, and a strong understanding of regional preferences and regulations to navigate the market effectively. The long-term outlook remains positive, with continuous urbanization and infrastructure development projects laying the foundation for sustained growth in the residential construction sector throughout Latin America. Further investigation into specific regional dynamics is critical for a more granular understanding of growth potential and risk mitigation strategies. This comprehensive report provides an in-depth analysis of the Latin America residential construction market, covering the period from 2019 to 2033. With a focus on key market trends, growth drivers, challenges, and leading players, this report is an invaluable resource for investors, industry professionals, and anyone seeking to understand this dynamic market. The report utilizes data from the base year 2025 and provides estimations for 2025 and forecasts until 2033, analyzing historical data from 2019-2024. Recent developments include: January 2023: Modularis is set to break ground in May of 2023 for new residential development in Sao Paulo, Brazil, made possible by modular construction and will be comprised of two concrete floors with commercial spaces and 11 floors of modular apartments and is set to be complete by the end of the 2023., September 2022: A new Las Colinas housing community planned to bring about six dozen high-end homes next to the headquarters building for Fluor Corp. The more than 22-acre single-family home neighborhood is estimated to have a value of USD 140 million and will be constructed at Las Colinas and La Villita boulevards in Irving.. Key drivers for this market are: 4., Increasing demand for green construction to reduce carbon footprint4.; Introduction of technology for manufactruing the of building construction material. Potential restraints include: 4., High cost of purchasing the equipment for development and manufacturing of various construction material. Notable trends are: Social Rental Drive.
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The global market size of Latin Data Center Construction is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Latin Data Center Construction Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Latin Data Center Construction industry. The key insights of the report:
1.The report provides key statistics on the market status of the Latin Data Center Construction manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Latin Data Center Construction industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Latin Data Center Construction Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Latin Data Center Construction as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share
For product type segment, this report listed main product type of Latin Data Center Construction market
* Product Type I
* Product Type II
* Product Type III
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III
For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.
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The US prefabricated building market is experiencing robust growth, driven by increasing demand for faster construction timelines, cost-effectiveness, and sustainable building practices. The market, estimated at $XX billion in 2025, is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 6% through 2033. This expansion is fueled by several key factors. Firstly, the burgeoning residential construction sector, particularly in rapidly developing suburban areas, significantly contributes to market demand. Secondly, the commercial sector, including retail spaces, offices, and hospitality, is increasingly adopting prefabricated solutions to reduce project durations and minimize on-site disruption. Furthermore, government initiatives promoting sustainable construction practices are bolstering the adoption of prefabricated buildings due to their reduced waste generation and improved energy efficiency compared to traditional construction methods. The different material types, including concrete, glass, metal, and timber, cater to diverse project needs and aesthetic preferences. Key players like Safety Storage Inc., Southern Structures Inc., and others are strategically expanding their product portfolios and geographic reach to capitalize on this expanding market. The segmental breakdown reveals strong growth potential across residential and commercial applications. While the residential sector dominates in terms of volume, the commercial segment shows promising growth due to the increasing adoption of prefabricated solutions in large-scale projects. Geographical distribution indicates that the North American market, particularly the United States, holds a significant share, followed by Europe and Asia-Pacific. However, emerging markets in South America and the Middle East & Africa are anticipated to show considerable growth in the coming years due to increasing infrastructure development and urbanization. While challenges such as material costs and regulatory hurdles exist, the overall outlook for the US prefabricated building market remains exceptionally positive, promising significant returns for industry stakeholders over the forecast period. This growth is likely to be further accelerated by technological advancements in prefabrication techniques, leading to improved efficiency and quality. This comprehensive report provides an in-depth analysis of the booming US prefabricated building market, covering the period 2019-2033. With a base year of 2025 and an estimated market value in the billions, this study offers invaluable insights for investors, manufacturers, and industry professionals seeking to navigate this dynamic sector. The report leverages a robust methodology, incorporating historical data (2019-2024), current estimations (2025), and future projections (2025-2033) to paint a complete picture of market trends and growth potential. Key players such as Safety Storage Inc, Southern Structures Inc, PortaFab Corp, Shea Concrete Products Inc, Walters Buildings, Commercial Structures Corp, Rubb Building Systems, Modular Connections LLC, Deluxe Building Solutions, and Panel Built Inc are analyzed, providing a competitive landscape assessment. Recent developments include: October 2022: Knauf is at the forefront of the change in timber frame construction. This development toward prefabricated and modular building systems is being driven by a unique partnership between Knauf Gips and Knauf Insulation within the Knauf Group, creating a wall system that is prepared for the future of timber frame construction and prefabrication. The approach provides a single point of contact for specialized builders, developers, and architects to get high-quality timber frame walls from a reliable partner., April 2022: Walters Inc. has been awarded the structural building contract for an electric arc steelmaking facility (EAF) by Algoma Steel Group Inc. (Algoma). Algoma is a leading Canadian producer of hot and cold rolled steel sheet and plate products. Walters will be responsible for fabricating and erecting the main building structure and the necessary dust collection hoods.. Key drivers for this market are: 4., Expansion of Mass Township Projects4.; Growing adoption of modular construction in the hospitality sector. Potential restraints include: 4., Logitsics and transport issue4.; Volatility in raw material prices. Notable trends are: Increased Demand for Residential Houses Driving the Market.
Prefabricated Construction Market Size 2025-2029
The prefabricated construction market size is forecast to increase by USD 74 billion at a CAGR of 8.9% between 2024 and 2029.
The market is experiencing significant growth, driven by the increasing demand for efficient and cost-effective building solutions, particularly in the healthcare sector. The healthcare industry's focus on reducing construction time and costs, while maintaining high standards of quality and sustainability, is propelling the adoption of prefabricated construction methods. However, the market faces challenges that could hinder its growth potential. Regulatory hurdles impact adoption as stringent building codes and standards require compliance, which can add to the cost and complexity of prefabricated construction projects. Additionally, supply chain inconsistencies can pose challenges, as the availability and reliability of raw materials and components can impact production schedules and project timelines. There is an increasing demand for prefabricated solutions in smart healthcare, as these offer efficiency and cost-effectiveness. These structures offer numerous advantages, such as faster construction times and improved quality control, making them an attractive option for healthcare facilities. The growing preference for lightweight construction materials is also contributing, as these materials offer easier handling and faster construction.
The shortage of skilled labor further complicates matters, as the industry requires a workforce with the expertise to design, manufacture, and install prefabricated components efficiently. To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on innovation and collaboration. Investing in research and development to create advanced prefabricated construction technologies and solutions can help overcome regulatory and supply chain challenges. Building strategic partnerships with suppliers, contractors, and regulatory bodies can also help streamline operations and ensure compliance. Moreover, companies can address the labor shortage by investing in training programs and offering competitive compensation packages to attract and retain skilled workers.
What will be the Size of the Prefabricated Construction Market during the forecast period?
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The market is experiencing significant growth, driven by the adoption of innovative solutions such as composite panels, modular furniture, and prefabricated bathrooms. These products offer emissions reduction benefits, aligning with the passive house and LEED certification standards. Construction risk management and life cycle assessment are essential considerations in this sector, with supply chain management playing a crucial role in optimizing costs and reducing carbon footprint. Precast concrete and cross-laminated timber (CLT) are popular materials in prefabricated construction, offering sustainability and efficiency advantages. Green building certifications, such as LEED and the Well Building Standard, are increasingly sought after, driving demand for smart homes and net-zero energy buildings.
Construction data analytics, project planning tools, and BIM software enable more efficient design and planning processes. Building codes compliance, zoning approvals, and circular economy principles are essential for sustainable and cost-effective construction projects. Construction software, building automation, and digital twins facilitate streamlined construction processes, ensuring compliance with regulations and reducing waste. The market is also witnessing the integration of passive house, LEED certification, and net-zero energy standards into building codes, further driving demand for prefabricated construction solutions.
How is this Prefabricated Construction Industry segmented?
The prefabricated construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Application
Non-residential
Residential
Material
Steel
Concrete
Wood
Others
Type
Four sided
Open sided
Partially open sided
Others
Geography
North America
US
Europe
France
Germany
Italy
The Netherlands
UK
APAC
China
India
Japan
South Korea
Rest of World (ROW)
By Application Insights
The non-residential segment is estimated to witness significant growth during the forecast period.
Prefabricated construction is experiencing significant growth in the US market, particularly in commercial and industrial sectors. This trend is driven by the efficiency and cost savings offered by prefabricated methods, which enable faster construction timelines and reduced labor costs. Indust
Modular Construction Market Size 2025-2029
The modular construction market size is forecast to increase by USD 49.3 billion at a CAGR of 8.5% between 2024 and 2029.
The market is experiencing significant growth due to several key trends. One of the primary drivers is the increasing demand to eliminate on-site construction and reduce project timelines. Modular construction allows for the assembly of buildings in a controlled factory environment, which can lead to faster completion times compared to traditional construction methods. The market is experiencing significant growth, driven by the adoption of Building Information Modeling (BIM) technology, which enhances design accuracy, streamlines project management, and improves efficiency in the construction process. Another trend is the rising awareness of custom-built facilities with minimum budgets, making modular construction an attractive option for various industries such as biotech and cleanroom storage. However, challenges persist, including the lack of awareness and volatility in transportation charges. The adoption of smart construction technologies, such as automation and IoT, is expected to mitigate some of these challenges and further drive market growth.
What will be the Size of the Modular Construction Market During the Forecast Period?
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The market facilities continue to gain traction, driven by the industry's increasing demand for cost-effective, flexible, and accelerated solutions. This market encompasses the design, engineering, and construction of modular cleanrooms for GMP-compliant facilities, as well as biotech facility validation, automation, and expansion. Modular construction offers numerous advantages, including reduced timelines, lower costs, and improved sustainability compared to traditional construction methods. The market's growth is fueled by the biopharmaceutical manufacturing sector's continuous need for upgrades and modernization, particularly in areas such as cleanroom technology and pharmaceutical facility maintenance. As the biotechnology industry evolves, so too will the market, providing innovative solutions for pharmaceutical facility construction, biotech facility design, and pharmaceutical facility engineering.
How is this Modular Construction Industry segmented and which is the largest segment?
The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Application
Residential
Commercial
Type
Permanent
Relocatable
Material
Wood
Steel
Concrete
Others
Geography
North America
Canada
US
Europe
Germany
UK
France
Italy
APAC
China
India
Japan
Middle East and Africa
South America
By Application Insights
The residential segment is estimated to witness significant growth during the forecast period.
Modular construction, an off-site manufacturing process, is gaining popularity in various sectors due to its time efficiency, environmental friendliness, and quality control. The residential segment dominates the market, with affordable housing and luxury developments being key applications. Modular construction's advantages include faster construction timelines, as assembly processes take place in controlled factory conditions, reducing on-site risks and enabling parallel infrastructure activities. This method is particularly beneficial in congested urban areas, where traditional building methods face logistical challenges and skilled labor shortages.
Modular construction's sustainable process minimizes material waste and carbon emissions, making it an attractive choice for green buildings. Commercial spaces, healthcare centers, and even biotech manufacturing facilities can benefit from modular manufacturing's process improvement measures and early financing opportunities. Despite challenges like assembly issues and on-site installation, modular construction's durability and operational performance make it a preferred choice for complex decision-making projects.
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The residential segment was valued at USD 49.10 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 32% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American market is currently the largest globally, driven by the US and Canada's high construction quality standards and increasi
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The global market size of Philippines Construction is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Philippines Construction Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Philippines Construction industry. The key insights of the report:
1.The report provides key statistics on the market status of the Philippines Construction manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Philippines Construction industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Philippines Construction Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Philippines Construction as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share
For product type segment, this report listed main product type of Philippines Construction market
* Product Type I
* Product Type II
* Product Type III
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III
For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.
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Release Date: 2022-06-30.Release Schedule:.The data in this file were released on June 30, 2022...Key Table Information:.Beginning with reference year 2005, Nonemployer data are released using the Noise Infusion methodology to protect confidentiality. See Survey Methodology for complete information on the coverage and methodology of the Nonemployer Statistics data series...Data Items and Other Identifying Records:. This file contains data on the total number of firms and receipts. . Number of nonemployer establishments . Nonemployer Sales, value of shipments, or revenue ($1,000) . Noise range for nonemployer Sales, value of shipments, or revenue ..Geography Coverage:.The data are shown at the U.S. and State level for LFO and the U.S. level for Receipt Size Class. All other data is shown at the U.S., State, County, Combined Statistical Area, and Metropolitan/Micropolitan Statistical Areas...Industry Coverage:.The data are shown at the 2- through (where available) 6-digit NAICS code levels for all sectors with published data. Data for nonemployers generally are provided at broader levels of industry detail than data for employers. For specific exclusions and inclusions, see https://www.census.gov/programs-surveys/nonemployer-statistics/technical-documentation/methodology.html...FTP Download:.Download the entire table at: https://www2.census.gov/programs-surveys/nonemployer-statistics/data/2019/NS1900NONEMP.zip ..API Information:. Nonemployer Statistics data are housed in the Nonemployer Statistics API. For more information, see Census.gov: Developers: Available APIs: County Business Patterns and Nonemployer Statistics (1986-2019): Nonemployer Statistics APIs. ..Methodology:.The universe of this file is all firms with no paid employees or payroll with receipts of $1,000 or more (or $1 for the construction sector) and are subject to federal income tax. The universe is limited to industries in approximately 450 of the nearly 1,200 recognized North American Industry Classification System industries. The universe contains only those codes that are available through administrative records sources and are common to all three legal forms of organization applicable to nonemployer businesses. This is generally a broader level of detail than would typically be provided for employer data. For specific exclusions and inclusions, see https://www.census.gov/programs-surveys/nonemployer-statistics/technical-documentation/methodology.html...Nonemployer Statistics originate from tax return information of the Internal Revenue Service. The data are subject to nonsampling error such as errors of self-classification by industry on tax forms, as well as errors of response, nonreporting and coverage. Values provided by each firm are slightly modified to protect the respondent's confidentiality. For further information about methodology and data limitations, see Survey Methodology...Symbols:. G - Low noise; cell value was changed by less than 2 percent by the application of noise. H - Moderate noise; cell value was changed by 2 percent or more but less than 5 percent by the application of noise. J - High noise; cell value was changed by 5 percent or more by the application of noise. S - Withheld because estimate did not meet publication standards. N - Not available or not comparable. For a complete list of symbols, see Nonemployer Statistics (NES): About this Program: Nonemployer Glossary: Abbreviations and Symbols.. .Source:..U.S. Census Bureau, 2019 Nonemployer Statistics..For more information about Nonemployer Statistics, see Our Surveys and Programs: Nonemployer Statistics (NES)...Contact Information:..U.S. Census Bureau.Economy-Wide Statistics Division .Business Statistics Branch .(301) 763-2580 .ewd.nonemployer.statistics@census.gov
Construction Machinery Market Size 2025-2029
The construction machinery market size is forecast to increase by USD 39.8 billion, at a CAGR of 3.9% between 2024 and 2029.
The market is experiencing significant growth, driven by increased investment in infrastructure projects worldwide. This trend is expected to continue, creating ample opportunities for market participants. Another key driver is the growing trend of construction equipment rentals, which offers flexibility and cost savings for businesses. The secondhand machine industry is also expanding, providing an affordable alternative for small and medium-sized enterprises. However, the market faces challenges, including the high initial investment costs for new machinery and the increasing demand for energy-efficient and environmentally friendly equipment.
Additionally, the volatility of raw material prices and economic instability in certain regions pose significant risks. To capitalize on opportunities and navigate challenges effectively, companies must focus on innovation, cost efficiency, and sustainability. Investing in research and development of energy-efficient machinery and exploring rental business models can help businesses stay competitive and profitable in the evolving the market.
What will be the Size of the Construction Machinery Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Compaction equipment and concrete mixers ensure optimal construction site conditions, while haul trucks and rental services offer flexibility for businesses. Lifting capacity and safety features are essential for motor graders and crawler tractors, and aftermarket parts and transmission systems ensure seamless operation. GPS guidance and maintenance schedules optimize productivity, and tire pressure monitoring enhances safety. Environmental impact is a growing concern, with hydraulic breakers and diesel engines adhering to emission standards. Hydraulic systems and safety features are essential for ensuring optimal performance and worker safety. A robust dealer network and operating weight specifications provide businesses with the necessary support and flexibility to meet their unique needs. Boom length and bucket capacity are essential considerations for various applications, and emission standards continue to evolve, driving innovation in the market.
How is this Construction Machinery Industry segmented?
The construction machinery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Application
Commercial
Residential
Infrastructure
Product
Earthmoving machinery
Material handling machinery
Concrete and road construction machinery
Others
End-user
Public works
Mining
Oil and gas
Geography
North America
US
Canada
Europe
France
Germany
UK
APAC
Australia
China
India
Japan
South America
Brazil
Rest of World (ROW)
By Application Insights
The commercial segment is estimated to witness significant growth during the forecast period.
The market encompasses a range of equipment used in various applications, including terrain adaptation, material handling, heavy lifting, site preparation, road construction, and infrastructure development. Hydraulic fluid plays a crucial role in the smooth operation of these machines, while remote control technology enhances efficiency and safety. Lease agreements offer flexible financing options for businesses, enabling them to manage operating costs effectively. Payload capacity and lifting capacity are essential considerations for machines used in heavy lifting tasks, such as cranes and excavators. Ground engaging tools and undercarriage components require regular maintenance and replacement, contributing to the demand for wear parts and parts supply.
Waste management equipment, such as concrete mixers and compactors, are integral to the construction process. Engine power and fuel consumption are significant factors in the selection and operation of construction machinery. Environmental impact and safety features are increasingly important considerations, with emission standards and tire pressure monitoring systems becoming standard features. Autonomous systems and precision control technologies are driving innovation in the market, enabling increased productivity and efficiency. In the commercial segment, the construction of commercial buildings, such as offices, hotels, and schools, is expected to drive market growth. Infrastructure development projects, including road construction and soil stabilization, are also significant c
Based on planned construction development over the next few years, the value of non-residential construction put in place in 2028 in the United States is expected to reach roughly 949 billion U.S. dollars. Non-residential construction can include segments like the construction of lodging, offices, commercial buildings, health care, and education. Generally, the U.S. construction industry is linked to the economic wellbeing of the country. Construction industry needs Within the non-residential building industry, commercial building construction in the U.S. decreased in 2024 after increasing considerably the prior two years. However, the construction industry faces challenges such as the rising construction costs. The modernization of a typically conservative industry will be important in the near future to support customer demands and to improve operation models. Integrating sustainable building processes and features in projects as well as establishing technological advancements like building information modeling (BIM) will be essential for the future of the construction industry. Non-residential vs. residential During the past years, new residential construction in the United States usually had a higher value than non-residential construction. Until 2019, the values of new residential and non-residential construction had remained fairly similar. However, the value of new residential construction started quite fast between 2020 and 2022. Nevertheless, the number of permits for private housing construction started decreasing since late 2022