Market Outlook : Construction Market in the US Grow at a CAGR of 4.5% by Revenue During the Period 2016-2019
About US Construction
The US is the second largest construction market after China. Post the housing market crash and financial crisis of 2008-2009, the construction market in the US is gaining momentum. The market is witnessing rapid construction activities led by the government initiatives to strengthen the countrys infrastructure; boom in the unconventional energy market, primarily shale; change in demographics; and rise in employments among others.
Technavio's analysts forecast the Construction Market Outlook in the US to grow at a CAGR of 4.5% over the period 2014-2019.
Covered :
The report covers the current scenario and the growth prospects of the construction market outlook in the US for the period 2015-2019. The market size has been calculated on the basis of the historical contribution of construction to GDP and also considering the current and upcoming construction projects planned in the country.
Technavio's report, the Construction Market Outlook in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key Vendors
Flour
NVR
Skanska
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Other Prominent Vendors
CB&I
Bechtel
KBR
Kiewit
Key Driver
Boom in Unconventional Energy Market
For a full, detailed list, view our report
Key Challenge
High Transportation Costs
For a full, detailed list, view our report
Key Trend
Skilled Labor Shortage
For a full, detailed list, view our report
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