MarketResearchReports.biz has recently announced the addition of a market study “ Construction in the US - Key Trends and Opportunities to 2020 ”, is a comparative analysis of the global market.
Following contraction since 2006, the US construction industry finally recovered in 2012 and registered a growth rate of 3.5% in real terms. The recovery has continued through to 2015, and is expected to remain in place over the forecast period (20162020), with investment in infrastructure construction, healthcare, manufacturing, educational facilities and housing projects continuing to drive growth.
Growth will also be driven by the Presidents Climate Action Plan, through which the government aims to increase the share of renewable energy from 10% of total consumption in 2015 to 20% by 2020.
Through the America 2050 program, the government plans to develop the countrys deteriorating infrastructure to provide a sustainable mobility system to the growing population. It includes the construction of California high-speed rail phase-1, and new intercity rail operations between Merced and the San Fernando Valley by 2022.
Through affordable housing programs such as the Community Development Block Grants (CDBG), the US Department of Agriculture Housing Assistance program, the Neighbourhood Stabilization Program (NSP) and the Housing Choice Voucher Program, the government aims to build affordable houses for low- and middle-income people.
The industrys output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 3.34% over the forecast period, up from 3.12% during the review period (20112015).
Timetrics Construction in the US Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the US construction industry, including:
The US construction industry's growth prospects by market, project type and construction activity
Analysis of equipment, material and service costs for each project type in the US
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the US construction industry
Profiles of the leading operators in the US construction industry
Data highlights of the largest construction projects in the US
This report provides a comprehensive analysis of the construction industry in the US It provides:
Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in the US using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in the US
Reasons To Buy
Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies.
Assess market growth potential at a micro-level with over 600 time-series data forecasts.
Understand the latest industry and market trends.
Formulate and validate strategy using Timetric's critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.
In terms of the number of building permits and their total value, there is clear evidence of improvement in residential construction, according to the latest data from the US Census Bureau. The total number of building permits issued in the country grew by 12.4% from 1.1 million in 2014 to 1.2 million in 2015. This was preceded by annual growths of 6.2%, 19.4% and 32.9% in 2014, 2013 and 2012 respectively.
In 2015, the government announced plans to spend US$305.0 billion on developing highways and other connecting roads in the country. In addition, the government plans to invest US$10.0 billion on Amtrak and other rail programs, US$12.0 billion on mass transit system and US$1.0 billion on road safety programs. The government also encourages research and innovation in transport infrastructure for rural and urban areas where the construction of a standard transport system is difficult.
The governments plan to expand and upgrade runways, terminals, taxiways and passenger amenities at the countrys airports is expected to support growth in the infrastructure construction market over the forecast period. Accordingly, the government plans to increase the capacity of Honolulu International Airport with an investment of US$2.7 billion by 2025.
The government focuses on the construction of low and affordable houses to meet demand and supply of affordable houses in the country. Under the Home, NSP, CDBG, Housing Choice Voucher Program Section-8 and Project-based Rental Assistance Program, the US Department of Housing and Urban Development (HUD) provides financial support for the construction of social housing. Accordingly, the government increased total spending on HUD programs by 4.0% from US$47.0 billion in 20152016 to US$48.9 billion in 20162017.
Energy and utilities construction market growth will be driven by government plans to increase the share of renewable energy in total energy consumption, encouraging investment in renewable energy infrastructure. The government aims to increase renewable energys share of total energy consumption from 10% in 2015 to 20% by 2020.