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Report

North America Construction Market Report and Forecast 2023-2028

Market Report I 2023-10-21 I 180 Pages I EMR Inc.

North America Construction Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the North America construction market reached a value of approximately USD 2.1 trillion in 2022. Aided by the growing demand for residential housing and an increasing number of infrastructure projects, the market is expected to grow at a CAGR of 4.9% between 2023 and 2028, to reach a value of USD 2.66 trillion by 2028.
The construction industry, characterised by activities that include the erection, repair, and renovation of buildings and the creation of engineering projects such as highways and utility systems, plays a crucial role in shaping the economic landscape of North America. The industry's contributions extend to the creation of jobs, enhancement of living standards, and promotion of economic growth.
The rising demand for residential housing is a significant driver propelling the North America construction market growth. As population increases and urbanisation intensifies, there is a robust demand for affordable, high-quality housing, leading to a surge in residential construction projects. Furthermore, changing consumer preferences towards smart homes equipped with advanced technology and energy-efficient features are fuelling market growth.
The burgeoning trend of infrastructure development also significantly contributes to the North America construction market expansion. The North American governments are prioritising infrastructure projects, including the construction of roads, bridges, and public utilities, as part of their strategy to stimulate economic growth. The emphasis on improving the region's infrastructure, coupled with substantial public and private investments, is accelerating the growth of the construction industry.
In addition to residential and infrastructure projects, the North America construction market also benefits from the commercial sector's expansion. The proliferation of e-commerce has led to a heightened demand for warehouse and distribution centres, thereby boosting the commercial construction segment. The adoption of innovative construction techniques, such as modular and prefabricated construction, and advancements in construction technology offer promising prospects for market growth.
In the realm of sustainable construction, green building practices are gaining prominence, further propelling the North America construction market expansion. As awareness about environmental sustainability grows, there is an increased emphasis on the incorporation of energy-efficient materials and designs in construction projects.
Market Segmentation
The market can be divided based on construction type, end use, and country.
Market Breakup by Construction Type
- Renovations
- Demolition and New Constructions
Market Breakup by End Use
- Commercial
- Residential
- Industrial
- Education and Research
- Medical and Healthcare
- Others
Market Breakup by Country
- United States of America
o New England
o Mideast
o Great Lakes
o Plains
o Southeast
o Southwest
o Rocky Mountain
o Far West
- Canada
o British Columbia
o Alberta
o The Prairies
o Central Canada
o Atlantic Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the North America construction companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Turner Construction Company
- Bechtel Corporation
- Kiewit Corporation
- STO Building Group
- Fluor Corporation
- DPR Construction
- Skanska AB
- Clark Construction Group, LLC
- PCL Constructors Inc.
- EllisDon Corporation
- Aecon Group Inc.
- Graham Construction & Engineering Inc
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Construction Market Overview
8.1 Key Industry Highlights
8.2 North America Construction Historical Market (2018-2022)
8.3 North America Construction Market Forecast (2023-2028)
9 North America Construction Market by Construction Type
9.1 Renovations
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Demolition and New Constructions
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 North America Construction Market by End Use
10.1 Commercial
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Residential
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Industrial
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Education and Research
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Medical and Healthcare
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.6 Others
11 North America Construction Market by Country
11.1 United States of America
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.1.3 Breakup by Construction Type
11.1.4 Breakup by End Use
11.1.5 Breakup by Region
11.1.5.1 New England
11.1.5.1.1 Historical Trend (2018-2022)
11.1.5.1.2 Forecast Trend (2023-2028)
11.1.5.2 Mideast
11.1.5.2.1 Historical Trend (2018-2022)
11.1.5.2.2 Forecast Trend (2023-2028)
11.1.5.3 Great Lakes
11.1.5.3.1 Historical Trend (2018-2022)
11.1.5.3.2 Forecast Trend (2023-2028)
11.1.5.4 Plains
11.1.5.4.1 Historical Trend (2018-2022)
11.1.5.4.2 Forecast Trend (2023-2028)
11.1.5.5 Southeast
11.1.5.5.1 Historical Trend (2018-2022)
11.1.5.5.2 Forecast Trend (2023-2028)
11.1.5.6 Southwest
11.1.5.6.1 Historical Trend (2018-2022)
11.1.5.6.2 Forecast Trend (2023-2028)
11.1.5.7 Rocky Mountain
11.1.5.7.1 Historical Trend (2018-2022)
11.1.5.7.2 Forecast Trend (2023-2028)
11.1.5.8 Far West
11.1.5.8.1 Historical Trend (2018-2022)
11.1.5.8.2 Forecast Trend (2023-2028)
11.2 Canada
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.2.3 Breakup by Construction Type
11.2.4 Breakup by End Use
11.2.5 Breakup by Region
11.2.5.1 British Columbia
11.2.5.1.1 Historical Trend (2018-2022)
11.2.5.1.2 Forecast Trend (2023-2028)
11.2.5.2 Alberta
11.2.5.2.1 Historical Trend (2018-2022)
11.2.5.2.2 Forecast Trend (2023-2028)
11.2.5.3 The Prairies
11.2.5.3.1 Historical Trend (2018-2022)
11.2.5.3.2 Forecast Trend (2023-2028)
11.2.5.4 Central Canada
11.2.5.4.1 Historical Trend (2018-2022)
11.2.5.4.2 Forecast Trend (2023-2028)
11.2.5.5 Atlantic Canada
11.2.5.5.1 Historical Trend (2018-2022)
11.2.5.5.2 Forecast Trend (2023-2028)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Turner Construction Company
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Bechtel Corporation
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Kiewit Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 STO Building Group
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Fluor Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 DPR Construction
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Skanska AB
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Clark Construction Group, LLC
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 PCL Constructors Inc.
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 EllisDon Corporation
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Aecon Group Inc.
13.2.11.1 Company Overview
13.2.11.2 Product Portfolio
13.2.11.3 Demographic Reach and Achievements
13.2.11.4 Certifications
13.2.12 Graham Construction & Engineering Inc
13.2.12.1 Company Overview
13.2.12.2 Product Portfolio
13.2.12.3 Demographic Reach and Achievements
13.2.12.4 Certifications
13.2.13 Others
14 Key Trends and Developments in the Market

List of Key Figures and Tables
1. North America Construction Market: Key Industry Highlights, 2018 and 2028
2. North America Construction Historical Market: Breakup by Construction Type (USD Trillion), 2018-2022
3. North America Construction Market Forecast: Breakup by Construction Type (USD Trillion), 2023-2028
4. North America Construction Historical Market: Breakup by End Use (USD Trillion), 2018-2022
5. North America Construction Market Forecast: Breakup by End Use (USD Trillion), 2023-2028
6. North America Construction Historical Market: Breakup by Country (USD Trillion), 2018-2022
7. North America Construction Market Forecast: Breakup by Country (USD Trillion), 2023-2028
8. United States Construction Historical Market: Breakup by Region (USD Trillion), 2018-2022
9. United States Construction Market Forecast: Breakup by Region (USD Trillion), 2023-2028
10. Canada Construction Historical Market: Breakup by Region (USD Trillion), 2018-2022
11. Canada Construction Market Forecast: Breakup by Region (USD Trillion), 2023-2028
12. North America Construction Market Structure

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