866-997-4948(US-Canada Toll Free)

Construction in the US-Key Trends and Opportunities to 2021

Published By :

Timetric

Published Date : Nov 2017

Category :

Construction

No. of Pages : 110 Pages

Synopsis
The US construction industry grew from US$1.0 trillion in 2012 to US$1.2 trillion in 2016, and is expected to reach US$1.4 trillion by 2021, in real terms measured at constant 2010 US dollar exchange rates. Economic recovery, coupled with government investment in infrastructure construction, healthcare, manufacturing, educational facilities and affordable housing is expected to drive forecast-period (20172021) growth.

President Trump is focusing on infrastructure development, announcing in August 2017 plans to spend US$1.0 trillion to rebuild the nation's roads, tunnels, bridges, airports and other infrastructure by 2027, whilst also eliminating permitting regulations to speed up the construction of roads, bridges and pipelines projects.

According to the US Census Bureau, total construction spending in the country increased by 6.7%, from US$13.3 trillion in 2015 to US$14.2 trillion in 2016. Moreover, it increased by 4.5% during the first eight months of 2017, rising from US$9.4 trillion in JanuaryAugust 2016 to US$9.8 trillion in JanuaryAugust 2017.

However, there are risks associated with the outlook for the construction industry in the US over the forecast period. The governments strict immigration policy and high budget deficit are expected to affect construction activity. The Trump government aims to reduce federal deficit from 3.5% of the countrys total GDP in FY2017 to 1.8% by FY2022.

The industrys output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 2.13% over the forecast period, compared to 5.03% during the review period (20122016).

Summary
Timetrics Construction in the US-Key Trends and Opportunities to 2021 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

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

Scope
This report provides a comprehensive analysis of the construction industry in the US. It provides:

Historical (2012-2016) and forecast (2017-2021) 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 sub-sector

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)

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.

Key Highlights
Timetric expects the residential construction market to grow at a CAGR of 5.40% in nominal terms, driven by rising residential buildings permits in the country. The total residential building permit issued in the country grew by 2.0%, rising from 1.18 million units in 2015 to 1.20 million units in 2016. Moreover, it grew by 5.7% in the first seven months of 2017, rising from 690,000 units in JanuaryJuly 2016 to 729,000 units in JanuaryJuly 2017.

The government plans to invest US$1.9 trillion to upgrade transport infrastructure of the country by 2025. In addition, in March 2017, the government announced a plan to spend US$1.3 trillion on the construction of transport infrastructure. This is expected to drive the forecast period growth of infrastructure construction market.

Timetric expects the energy and utilities construction market output to record a forecast-period CAGR of 3.52% in nominal terms, driven by governments focus on renewable energy infrastructure. The government aims to generate 30.0% of the total countrys electricity need from renewable energy by 2025. Accordingly, it plans to construct 100GW solar power generation plants with an investment of US$130.0 billion.

Timetric expects institutional construction market output to record a forecast-period CAGR of 2.74% in nominal terms, driven by the governments investment on healthcare and education. In the 2017 Budget, the government increased its spending on department of education by 2.0%, from US$68.1 billion in 2016 to US$69.4 billion in 2017.

The construction industry is exposed to several risks, such as rising labors costs due to Trumps policy to restrict immigrants and the implementation of Buy American, Hire American policy, which may increase construction material cost and affect long-term growth.
Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: Bechtel Corporation
5.1 Bechtel Corporation-Company Overview
5.2 Bechtel Corporation-Business Description
5.3 Bechtel Corporation-Main Services
5.4 Bechtel Corporation-History
5.5 Bechtel Corporation-Company Information
5.5.1 Bechtel Corporation-key competitors
5.5.2 Bechtel Corporation-key employees
6 Company Profile: Fluor Corporation
6.1 Fluor Corporation-Company Overview
6.2 Fluor Corporation-Business Description
6.3 Fluor Corporation-Main Services
6.4 Fluor Corporation-History
6.5 Fluor Corporation-Company Information
6.5.1 Fluor Corporation-key competitors
6.5.2 Fluor Corporation-key employees
7 Company Profile: Kiewit Corporation
7.1 Kiewit Corporation-Company Overview
7.2 Kiewit Corporation-Business Description
7.3 Kiewit Corporation-Main Services
7.4 Kiewit Corporation-History
7.5 Kiewit Corporation-Company Information
7.5.1 Kiewit Corporation-key competitors
7.5.2 Kiewit Corporation-key employees
8 Company Profile: D.R. Horton Inc.
8.1 D.R. Horton Inc.-Company Overview
8.2 D.R. Horton Inc.-Business Description
8.3 D.R. Horton Inc-Main Products and Services
8.4 D.R. Horton Inc-History
8.5 D.R. Horton Inc-Company Information
8.5.1 D.R. Horton Inc-key competitors
8.5.2 D.R. Horton Inc-key employees
9 Company Profile: Lennar Corporation
9.1 Lennar Corporation-Company Overview
9.2 Lennar Corporation-Business Description
9.3 Lennar Corporation-Main Products and Services
9.4 Lennar Corporation-History
9.5 Lennar Corporation-Company Information
9.5.1 Lennar Corporation-key competitors
9.5.2 Lennar Corporation-key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetrics Services
10.7 Disclaimer

List of Tables
Table 1: US Construction Output by Project Type (US$ Million), 20122016
Table 2: US Construction Output by Project Type (US$ Million), 20162021
Table 3: US Construction Output by Cost Type (US$ Million), 20122016
Table 4: US Construction Output by Cost Type (US$ Million), 20162021
Table 5: US Construction Output by Activity Type (US$ Million), 20122016
Table 6: US Construction Output by Activity Type (US$ Million), 20162021
Table 7: US Construction Value Add by Project Type (US$ Million), 20122016
Table 8: US Construction Value Add by Project Type (US$ Million), 20162021
Table 9: US Commercial Construction Output by Project Type (US$ Million), 20122016
Table 10: US Commercial Construction Output by Project Type (US$ Million), 20162021
Table 11: US Commercial Construction Output by Cost Type (US$ Million), 20122016
Table 12: US Commercial Construction Output by Cost Type (US$ Million), 20162021
Table 13: US Commercial Construction Output by Activity Type (US$ Million), 20122016
Table 14: US Commercial Construction Output by Activity Type (US$ Million), 20162021
Table 15: US Commercial Construction Value Add by Project Type (US$ Million), 20122016
Table 16: US Commercial Construction Value Add by Project Type (US$ Million), 20162021
Table 17: US Industrial Construction Output by Project Type (US$ Million), 20122016
Table 18: US Industrial Construction Output by Project Type (US$ Million), 20162021
Table 19: US Industrial Construction Output by Cost Type (US$ Million), 20122016
Table 20: US Industrial Construction Output by Cost Type (US$ Million), 20162021
Table 21: US Industrial Construction Output by Activity Type (US$ Million), 20122016
Table 22: US Industrial Construction Output by Activity Type (US$ Million), 20162021
Table 23: US Industrial Construction Value Add by Project Type (US$ Million), 20122016
Table 24: US Industrial Construction Value Add by Project Type (US$ Million), 20162021
Table 25: US Infrastructure Construction Output by Project Type (US$ Million), 20122016
Table 26: US Infrastructure Construction Output by Project Type (US$ Million), 20162021
Table 27: US Infrastructure Construction Output by Cost Type (US$ Million), 20122016
Table 28: US Infrastructure Construction Output by Cost Type (US$ Million), 20162021
Table 29: US Infrastructure Construction Output by Activity Type (US$ Million), 20122016
Table 30: US Infrastructure Construction Output by Activity Type (US$ Million), 20162021
Table 31: US Infrastructure Construction Value Add by Project Type (US$ Million), 20122016
Table 32: US Infrastructure Construction Value Add by Project Type (US$ Million), 20162021
Table 33: US Energy and Utilities Construction Output by Project Type (US$ Million), 20122016
Table 34: US Energy and Utilities Construction Output by Project Type (US$ Million), 20162021
Table 35: US Energy and Utilities Construction Output by Cost Type (US$ Million), 20122016
Table 36: US Energy and Utilities Construction Output by Cost Type (US$ Million), 20162021
Table 37: US Energy and Utilities Construction Output by Activity Type (US$ Million), 20122016
Table 38: US Energy and Utilities Construction Output by Activity Type (US$ Million), 20162021
Table 39: US Energy and Utilities Construction Value Add by Project Type (US$ Million), 20122016
Table 40: US Energy and Utilities Construction Value Add by Project Type (US$ Million), 20162021
Table 41: US Institutional Construction Output by Project Type (US$ Million), 20122016
Table 42: US Institutional Construction Output by Project Type (US$ Million), 20162021
Table 43: US Institutional Construction Output by Cost Type (US$ Million), 20122016
Table 44: US Institutional Construction Output by Cost Type (US$ Million), 20162021
Table 45: US Institutional Construction Output by Activity Type (US$ Million), 20122016
Table 46: US Institutional Construction Output by Activity Type (US$ Million), 20162021
Table 47: US Institutional Construction Value Add by Project Type (US$ Million), 20122016
Table 48: US Institutional Construction Value Add by Project Type (US$ Million), 20162021
Table 49: US Residential Construction Output by Project Type (US$ Million), 20122016
Table 50: US Residential Construction Output by Project Type (US$ Million), 20162021
Table 51: US Residential Construction Output by Cost Type (US$ Million), 20122016
Table 52: US Residential Construction Output by Cost Type (US$ Million), 20162021
Table 53: US Residential Construction Output by Activity Type (US$ Million), 20122016
Table 54: US Residential Construction Output by Activity Type (US$ Million), 20162021
Table 55: US Residential Construction Value Add by Project Type (US$ Million), 20122016
Table 56: US Residential Construction Value Add by Project Type (US$ Million), 20162021
Table 57: Bechtel Corporation, Key Facts
Table 58: Bechtel Corporation, Main Services
Table 59: Bechtel Corporation, History
Table 60: Bechtel Corporation, Key Employees
Table 61: Fluor Corporation, Key Facts
Table 62: Fluor Corporation, Main Services
Table 63: Fluor Corporation, History
Table 64: Fluor Corporation, Key Employees
Table 65: Kiewit Corporation, Key Facts
Table 66: Kiewit Corporation, Main Services
Table 67: Kiewit Corporation, History
Table 68: Kiewit Corporation, Key Employees
Table 69: D.R. Horton Inc., Key Facts
Table 70: D.R. Horton Inc., Main Products and Services
Table 71: D.R. Horton Inc., History
Table 72: D.R. Horton Inc., Key Employees
Table 73: Lennar Corporation, Key Facts
Table 74: Lennar Corporation, Main Products and Services
Table 75: Lennar Corporation, History
Table 76: Lennar Corporation, Key Employees
Table 77: Timetric Construction Market Definitions

List of Figures
Figure 1: US Construction Output (Real US$ 2010, Million), 20122021
Figure 2: Growth Matrix for Construction Output in US (US$ Million), 20122021
Figure 3: US Construction Output by Project Type (US$ Million), 20122021
Figure 4: US Construction Output by Cost Type (US$ Million), 20122021
Figure 5: US Construction Output by Activity Type (US$ Million), 20122021
Figure 6: US Construction Value Add by Project Type (US$ Million), 20122021
Figure 7: US Commercial Construction Output by Project Type (US$ Million), 20122021
Figure 8: US Commercial Construction Output by Cost Type (US$ Million), 20122021
Figure 9: US Commercial Construction Output by Activity Type (US$ Million), 20122021
Figure 10: US Commercial Construction Value Add by Project Type (US$ Million), 20122021
Figure 11: US Industrial Construction Output by Project Type (US$ Million), 20122021
Figure 12: US Industrial Construction Output by Cost Type (US$ Million), 20122021
Figure 13: US Industrial Construction Output by Activity Type (US$ Million), 20122021
Figure 14: US Industrial Construction Value Add by Project Type (US$ Million), 20122021
Figure 15: US Infrastructure Construction Output by Project Type (US$ Million), 20122021
Figure 16: US Infrastructure Construction Output by Cost Type (US$ Million), 20122021
Figure 17: US Infrastructure Construction Output by Activity Type (US$ Million), 20122021
Figure 18: US Infrastructure Construction Value Add by Project Type (US$ Million), 20122021
Figure 19: US Energy and Utilities Construction Output by Project Type (US$ Million), 20122021
Figure 20: US Energy and Utilities Construction Output by Cost Type (US$ Million), 20122021
Figure 21: US Energy and Utilities Construction Output by Activity Type (US$ Million), 20122021
Figure 22: US Energy and Utilities Construction Value Add by Project Type (US$ Million), 20122021
Figure 23: US Institutional Construction Output by Project Type (US$ Million), 20122021
Figure 24: US Institutional Construction Output by Cost Type (US$ Million), 20122021
Figure 25: US Institutional Construction Output by Activity Type (US$ Million), 20122021
Figure 26: US Institutional Construction Value Add by Project Type (US$ Million), 20122021
Figure 27: US Residential Construction Output by Project Type (US$ Million), 20122021
Figure 28: US Residential Construction Output by Cost Type (US$ Million), 20122021
Figure 29: US Residential Construction Output by Activity Type (US$ Million), 20122021
Figure 30: US Residential Construction Value Add by Project Type (US$ Million), 20122021

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title *
  • Company *
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *
  • I agree to receive other communications from Researchmoz, and allow Researchmoz to store and process my personal data.*