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Construction industry growth

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What is the projected growth of the construction industry in the US? The growth momentum is expected to continue over the forecast period, recording a CAGR of 4.7% during 2021-2025. The construction output in the country is expected to reach US$ 1819106.1 million by 2025. This report provides data and trend analyses on the construction industry in the United States, with over 100 KPIs.
What is the state of the construction industry? To find out more about the state of the U.S. construction market, here are some statistics about the industry: As of January 2023, U.S. construction spending is valued at $1.823 trillion. Approximately 7.8 million people are employed by the construction industry, as of January 2023 — that’s about 2.9% of the U.S. workforce.
What factors will drive growth of the global construction market? Increasing demand for faster infrastructure development using technologically advanced machines and equipment for construction in developed countries with the objective to reduce completion time for projects are factors expected to drive growth of the global construction market.
How many people work in the construction industry? Workers in the construction industry account for approximately 2.9% of the entire U.S. workforce. As of January 2023, the workforce is made up of 265,962 people, and the construction industry makes about 7.8 million of those. This is up from 2009, when the construction industry held about 6 million of the 143 million total jobs in the country.
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2023 engineering and construction industry outlook
The US engineering and construction industry began 2022 on a bright note after achieving strong growth of 8% in construction spending in 2021. 1 But a closer look at current market dynamics suggests that 2023 will likely experience differentiated growth …
https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/engineering-and-construction-ind...
U.S. Construction Industry - Statistics & Facts | Statista
WebValue added of U.S. construction industry as a percentage of GDP 2000-2022. Value added by the construction industry as a share of gross domestic product in the United States …
https://www.statista.com/topics/974/construction/
2021 United States Construction Industry Market Size
The growth momentum is expected to continue over the forecast period, recording a CAGR of 4.7% during 2021-2025. The construction output in the country is …
https://www.businesswire.com/news/home/20210310005574/en/2021-United-States-Construction-Industry-Ma...
Global Construction Industry Poised for Remarkable …
Global Construction Industry Poised for Remarkable Growth, Forecasted to Reach $12.9 Trillion by 2028 - ResearchAndMarkets.com August 30, 2023 06:51 AM …
https://www.businesswire.com/news/home/20230830097420/en/Global-Construction-Industry-Poised-for-Rem...
U.S. Construction Market Analysis Overview | Cumming Insights
WebStrong investment growth is expected across lodging, commercial, transportation, manufacturing, highway and street, water supply, and conservation and development, …
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https://insights.cumming-group.com/summary
Global construction market size 2030 | Statista
The revenue of the global construction industry is expected to grow steadily over the next years. In 2030, it is projected to be more than twice as big as it was in 2020. …
https://www.statista.com/statistics/1290105/global-construction-market-size-with-forecasts/
United States Construction Industry is Forecast to Grow …
The construction industry in United States is forecast to grow by 8.8% to reach USD 1,355,097 million in 2022. Despite near-term challenges in certain construction …
https://www.globenewswire.com/news-release/2022/02/22/2389055/28124/en/United-States-Construction-In...
2023 construction industry outlook - RSM US
Spring 2023 Interest rates pose challenges for builders, but opportunities are on the horizon After a drastic shift in the second half of 2022, the housing market started with a strong foothold in 2023 once …
https://rsmus.com/insights/industries/construction/construction-outlook.html
Procore Powers Ahead In Digitizing The Construction …
Procore's cloud-based platform improves the management of construction projects. For 2023, Procore's revenue outlook of $921 million to $924 million represents …
https://www.forbes.com/sites/robertdefrancesco/2023/08/29/procore-powers-ahead-in-digitizing-the-con...
The US Construction Industry is Projected to Grow by …
According to this Q4 2020 Global Construction Survey, the construction industry in the United States is expected to grow by 15.6% to reach US$ 1515659.4 million …
https://markets.businessinsider.com/news/stocks/the-us-construction-industry-is-projected-to-grow-by...
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