Construction in the US
The Construction sector has performed well over the past five years to 2018, exhibiting a strong turnaround following the early economic recovery. Revenue for the sector rose to a level unmatched since before the beginning of the economic recession, as improved household finances and increased consumer sentiment encouraged building activity to resume at a rapid pace. Revenue generated from nonresidential construction, which comprises commercial, industrial and municipal building construction as well as nonbuilding construction, generates the majority of domestic construction revenue. The Construction sector is anticipated to continue expanding over the five years to 2023, albeit at a significantly slower pace. Many of the largest industries within the sector are anticipated to decelerate in growth following robust building volumes throughout the previous period, with sector growth expected to be primarily driven by improvements in the commercial and infrastructure construction subsectors.
The Construction sector comprises the construction of building or engineering projects, in addition to establishments engaged in the preparation of sites for new construction. Inputs for the construction process are purchased from both domestic and international suppliers. Key suppliers include other construction operators in this sector, manufacturers and wholesale trade operators. Markets for goods produced by this sector include residential, nonresidential and engineering avenues.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.