Summary
Construction in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Construction market includes both residential and non-residential construction. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
- The North American construction industry recorded revenues of $3,134.6 billion in 2024, representing a compound annual growth rate (CAGR) of 7.8% between 2019 and 2024.
- The non-residential segment accounted for the industry's largest proportion in 2024, with total revenues of $1,840.2 billion, equivalent to 58.7% of the industry's overall value.
- In 2024, the North American construction industry recorded an annual growth of 8.3%. The growth is attributed to rising household consumption expenditure on housing, either through the development of new homes, renovations, or upgrades. According to the Organization for Economic Co-operation and Development (OECD), in 2024, the final household consumption expenditure on housing per household in the US and Mexico reached $33,318.7 and $9,534.3, respectively, up 4.3% and 11.8% annually.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the construction market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in North America
- Leading company profiles reveal details of key construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America construction market with five year forecasts
Reasons to Buy
- What was the size of the North America construction market by value in 2024?
- What will be the size of the North America construction market in 2029?
- What factors are affecting the strength of competition in the North America construction market?
- How has the market performed over the last five years?
- How large is North America’s construction market in relation to its regional counterparts?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players in this industry?
7.2. What are the strengths of the leading players?
7.3. What are the disruptive trends impacting the construction industry?
8 Company Profiles
8.1. Bechtel Group Inc
8.2. Fluor Corp
8.3. Kiewit Corp
8.4. Turner Construction Co
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: North America construction industry value: $ million, 2019-24
Table 2: North America construction industry category segmentation: % share, by value, 2019-24
Table 3: North America construction industry category segmentation: $ million, 2019-24
Table 4: North America construction industry geography segmentation: $ million, 2024
Table 5: North America construction industry value forecast: $ million, 2024-29
Table 6: Bechtel Group Inc: Key Facts
Table 7: Fluor Corp: Key Facts
Table 8: Fluor Corp: Annual Financial Ratios
Table 9: Fluor Corp: Key Employees
Table 10: Kiewit Corp: Key Facts
Table 11: Kiewit Corp: Key Employees
Table 12: Turner Construction Co: Key Facts
Table 13: Turner Construction Co: Key Employees
Table 14: Turner Construction Co: Key Employees Continued
Table 15: Turner Construction Co: Key Employees Continued
Table 16: Turner Construction Co: Key Employees Continued
Table 17: North America Exchange Rate, 2019-24
List of Figures
Figure 1: North America construction industry value: $ million, 2019-24
Figure 2: North America construction industry category segmentation: $ million, 2019-24
Figure 3: North America construction industry geography segmentation: % share, by value, 2024
Figure 4: North America construction industry value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the construction industry in North America, 2024
Figure 6: Drivers of buyer power in the construction industry in North America, 2024
Figure 7: Drivers of supplier power in the construction industry in North America, 2024
Figure 8: Factors influencing the likelihood of new entrants in the construction industry in North America, 2024
Figure 9: Factors influencing the threat of substitutes in the construction industry in North America, 2024
Figure 10: Drivers of degree of rivalry in the construction industry in North America, 2024
