United States, September 2, 2025
News Summary
The US construction market is valued at approximately USD 1.90 trillion and is forecast to reach about USD 2.92 trillion over the coming decade, driven by large-scale infrastructure investment, commercial development, and manufacturing expansion. Rapid adoption of digital and automated technologies — including AI, BIM, 3D printing, AR, telematics and IoT — is improving schedule reliability, safety and collaboration. Equipment trends favor telematics, machine controls and electrification, while modular and prefabrication methods expand. Persistent skilled labor shortages and commodity volatility remain risks, and sustainability, low-carbon materials and predictive maintenance are shaping future competitiveness.
United States construction market valued at about USD 1.90 trillion in 2024; forecast to reach USD 2.92 trillion by 2034
Key takeaway: The U.S. construction market reached roughly USD 1.90 trillion in 2024 and is projected to grow to about USD 2.92 trillion by 2034 at a compound annual growth rate of 4.40% for the period 2025–2034. Rising public and private infrastructure projects, modernization of aging systems, and adoption of new technologies are the main forces behind the expansion.
Why it matters now
The market outlook is being driven by major investments in roads, bridges, freight rail, ports, electrical grids and internet infrastructure. Governments at federal and state levels are prioritizing upgrades to decades-old systems. Private-sector demand — including more manufacturing facilities for electronics and growth in commercial development — is also pushing construction activity. Total construction spending was reported at an annualized USD 2.07 trillion as of April 2025, underscoring the scale of work underway.
Main trends shaping the sector
Rapid tech adoption and a push for sustainability are reshaping how projects are planned and built. Key technologies include artificial intelligence (AI), building information modeling (BIM), 3D printing, augmented reality and a growing use of IoT systems in buildings. These tools are being used to cut errors, speed schedules, and boost collaboration between teams.
Smart buildings that link HVAC, lighting and security through connected sensors are expected to expand demand for higher-value commercial construction. Energy-efficiency goals and green building requirements are increasingly a factor in project design and materials selection.
Market structure and segments
The report breaks the market into construction types, showing additions—work that expands or enhances existing buildings—taking a major slice of market share going forward. By end use, commercial construction (offices, manufacturing plants, medical centers, shopping centers) is set for notable growth, supported by new private firms and retail expansion in several states.
Equipment and machinery outlook
The North America construction equipment market was valued at USD 22.11 billion in 2024 and is expected to reach about USD 26.92 billion by 2030, growing at roughly 3.34% CAGR. Telematics, machine control systems and electrified equipment are gaining ground. Equipment rental revenues in the U.S. are projected to approach USD 74.2 billion in 2025, supporting demand for modern fleets and short-term access to specialized machines.
Technology examples and impact
Digital tools are changing on-site work and planning. BIM and virtual design and construction are widely used to reduce timelines and cost overruns. AI-based progress tracking and predictive analytics are being adopted to flag delays and improve safety. 3D printing and modular construction are gaining traction for faster builds and lower waste. Robotics and automation—ranging from rebar-tying machines to autonomous compact excavators—are increasing productivity on large jobs.
Challenges
Industry-wide labor shortages remain acute. The sector needs an estimated 439,000 net new workers in 2025 to meet demand. Aging workforce demographics and high vacancy rates are contributing to project delays and higher labor costs. Supply chain pressures, volatile commodity prices and stricter emissions rules are adding cost and complexity for equipment makers and contractors.
Environmental and sustainability focus
Sustainability is a cross-cutting theme. Energy efficiency, reduced embodied carbon, electrification of machinery, and greener materials are influencing procurement and design choices. The construction supply chain accounts for a meaningful share of greenhouse gas emissions, and innovations in low‑carbon cement, biocements and circular material use are getting more attention.
What the market review covers
The market analysis provides historical data and a 2025–2034 forecast, regional breakdowns across the U.S., segmentation by construction type and end use, and tools like Porter’s Five Forces and SWOT analysis. It also maps key players, recent deals, investments and strategic moves, and offers indicators for demand and pricing.
Key firms noted in the market
Profiles of long-standing and large firms are included, such as major general contractors and homebuilders, along with regional and international builders active in the U.S. The listing includes long-operating companies known for large-scale projects and technology adoption.
How to access the full report
Detailed purchase and contact information is available through the report’s offering page. A press contact and office phone numbers are provided for inquiries about the report and additional datasets.
Short summary
At the top, the U.S. construction market is large and set to grow steadily over the coming decade. Growth is powered by infrastructure upgrades, commercial demand, and technology-driven efficiency gains. The main risks are workforce shortages, material cost volatility, and tightening environmental rules. Equipment modernization, digital tools and modular methods are likely to remain central trends as builders aim to do more with fewer delays and lower carbon footprints.
FAQ
What is the current size of the U.S. construction market?
The market size was about USD 1.90 trillion in 2024, with forecasts pointing to USD 2.92 trillion by 2034 at a 4.40% CAGR for 2025–2034.
What are the main drivers of growth?
Major drivers are government-led infrastructure upgrades, expansion of commercial and manufacturing facilities, modernization of utilities and broadband, and increasing adoption of digital and green building technologies.
Which segments are expected to grow fastest?
Additions to existing buildings are expected to hold a major market share, while commercial construction (offices, manufacturing, medical centers, retail) is forecast to see significant growth during the period.
How is technology changing construction?
Technologies like AI, BIM, 3D printing, robotics and IoT are improving planning, cutting errors and increasing efficiency. Digital tools also support predictive maintenance and remote monitoring of heavy equipment.
What are the main challenges for the sector?
Key challenges include a persistent skilled labor shortage, volatile material prices, stricter emissions rules for equipment, and pressure to lower embodied carbon in construction projects.
Where can I get more detail?
The published market analysis contains full regional breakdowns, company profiles, competitive analysis, and a detailed forecast through 2034. Contact details are provided on the report offering page for purchases and inquiries.
Key features at a glance
| Feature | Detail |
|---|---|
| U.S. market size (2024) | Approximately USD 1.90 trillion |
| Forecast (2034) | About USD 2.92 trillion |
| Forecast CAGR (2025–2034) | 4.40% |
| Primary growth drivers | Infrastructure upgrades, commercial and industrial builds, modernization, and technology adoption |
| Major trends | AI, BIM, 3D printing, IoT/Smart buildings, electrification of equipment, modular construction |
| Equipment market (North America, 2024) | USD 22.11 billion with projected growth to USD 26.92 billion by 2030 |
| Key risks | Skilled labor shortage, material price volatility, tighter emissions rules, supply chain pressures |
| Representative companies covered | Large contractors and homebuilders active in the U.S. market and international firms operating in the region |
Report title referenced in this summary: United States Construction Market Size Analysis Report – Market Share, Forecast Trends and Outlook (2025-2034). Purchase and press contact information is available on the report offering page.
Deeper Dive: News & Info About This Topic
Additional Resources
- ResearchAndMarkets / Business Wire: United States Construction Industry Report 2025–2034
- Wikipedia: Construction industry in the United States
- GlobeNewswire: North America Construction Equipment Industry Report 2025
- Google Search: North America construction equipment market 2025
- JLL: 2025 Construction Perspective — US midyear update
- Google Scholar: JLL 2025 construction perspective
- KVUE: Austin tops list — apartments built in United States (BoomTown 2040)
- Encyclopedia Britannica: Search — Austin apartments BoomTown 2040
- WSMV: Nashville among top US metros — new construction homes report
- Google News: Nashville new construction homes 2025
Author: Construction TX News
TEXAS STAFF WRITER The TEXAS STAFF WRITER represents the experienced team at constructiontxnews.com, your go-to source for actionable local news and information in Texas and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Texas Construction Expo, major infrastructure unveilings, and advancements in construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of Texas and the Texas Building Branch, plus leading businesses in construction and real estate that power the local economy such as Austin Commercial and CMiC Global. As part of the broader network, including constructioncanews.com, constructionnynews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
