US Commercial Construction Market Size 2025-2029
The us commercial construction market size is forecast to increase by USD 191 billion at a CAGR of 2.7% between 2024 and 2029.
- The Commercial Construction Market in the US is experiencing significant growth driven by the increasing trend towards sustainable building design and the emergence of smart cities. Green buildings, which incorporate energy-efficient designs and renewable energy sources, are gaining popularity due to their environmental benefits and cost savings over time. This trend is expected to continue, with the US Green Building Council reporting that nearly half of all new commercial construction projects in the US are now green certified. However, the market is not without challenges. One of the most pressing issues is the lack of skilled labor in the construction industry.
- According to the Associated General Contractors of America, over 80% of contractors report difficulty in filling hourly craft positions. This labor shortage is driving up costs and delaying project timelines, making effective workforce management a critical challenge for construction companies. To capitalize on the growth opportunities in the market, companies must focus on innovative solutions to address the labor shortage, such as training programs and partnerships with vocational schools. Additionally, leveraging technology, such as automation and modular construction, can help improve efficiency and reduce reliance on manual labor. Overall, the Commercial Construction Market in the US presents significant opportunities for companies that can effectively navigate these challenges and stay ahead of the trend towards sustainable and smart building design.
What will be the size of the US Commercial Construction Market during the forecast period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Sector
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US: Year-over-year growth 2024-2029 (%)
- Data Table on US: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Commercial Construction Market in US 2019 - 2023
- Historic Market Size - Data Table on Commercial Construction Market in US 2019 - 2023 ($ billion)
- 5.2 Sector segment analysis 2019 - 2023
- Historic Market Size - Sector Segment 2019 - 2023 ($ billion)
- 5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
- 5.4 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI in the commercial construction market in US
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Sector
- 8.1 Market segments
- Chart on Sector - Market share 2024-2029 (%)
- Data Table on Sector - Market share 2024-2029 (%)
- 8.2 Comparison by Sector
- Chart on Comparison by Sector
- Data Table on Comparison by Sector
- 8.3 Private construction - Market size and forecast 2024-2029
- Chart on Private construction - Market size and forecast 2024-2029 ($ billion)
- Data Table on Private construction - Market size and forecast 2024-2029 ($ billion)
- Chart on Private construction - Year-over-year growth 2024-2029 (%)
- Data Table on Private construction - Year-over-year growth 2024-2029 (%)
- 8.4 Public construction - Market size and forecast 2024-2029
- Chart on Public construction - Market size and forecast 2024-2029 ($ billion)
- Data Table on Public construction - Market size and forecast 2024-2029 ($ billion)
- Chart on Public construction - Year-over-year growth 2024-2029 (%)
- Data Table on Public construction - Year-over-year growth 2024-2029 (%)
- 8.5 Market opportunity by Sector
- Market opportunity by Sector ($ billion)
- Data Table on Market opportunity by Sector ($ billion)
9 Market Segmentation by Type
- 9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 9.3 Building - Market size and forecast 2024-2029
- Chart on Building - Market size and forecast 2024-2029 ($ billion)
- Data Table on Building - Market size and forecast 2024-2029 ($ billion)
- Chart on Building - Year-over-year growth 2024-2029 (%)
- Data Table on Building - Year-over-year growth 2024-2029 (%)
- 9.4 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 9.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
10 Market Segmentation by End-user
- 10.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 10.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 10.3 Office buildings - Market size and forecast 2024-2029
- Chart on Office buildings - Market size and forecast 2024-2029 ($ billion)
- Data Table on Office buildings - Market size and forecast 2024-2029 ($ billion)
- Chart on Office buildings - Year-over-year growth 2024-2029 (%)
- Data Table on Office buildings - Year-over-year growth 2024-2029 (%)
- 10.4 Retail spaces - Market size and forecast 2024-2029
- Chart on Retail spaces - Market size and forecast 2024-2029 ($ billion)
- Data Table on Retail spaces - Market size and forecast 2024-2029 ($ billion)
- Chart on Retail spaces - Year-over-year growth 2024-2029 (%)
- Data Table on Retail spaces - Year-over-year growth 2024-2029 (%)
- 10.5 Hotels and hospitality - Market size and forecast 2024-2029
- Chart on Hotels and hospitality - Market size and forecast 2024-2029 ($ billion)
- Data Table on Hotels and hospitality - Market size and forecast 2024-2029 ($ billion)
- Chart on Hotels and hospitality - Year-over-year growth 2024-2029 (%)
- Data Table on Hotels and hospitality - Year-over-year growth 2024-2029 (%)
- 10.6 Healthcare facilities - Market size and forecast 2024-2029
- Chart on Healthcare facilities - Market size and forecast 2024-2029 ($ billion)
- Data Table on Healthcare facilities - Market size and forecast 2024-2029 ($ billion)
- Chart on Healthcare facilities - Year-over-year growth 2024-2029 (%)
- Data Table on Healthcare facilities - Year-over-year growth 2024-2029 (%)
- 10.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 10.8 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 ACS Actividades de Construccion Y Servicios SA
- ACS Actividades de Construccion Y Servicios SA - Overview
- ACS Actividades de Construccion Y Servicios SA - Business segments
- ACS Actividades de Construccion Y Servicios SA - Key offerings
- ACS Actividades de Construccion Y Servicios SA - Segment focus
- SWOT
- 14.5 AECOM
- AECOM - Overview
- AECOM - Business segments
- AECOM - Key news
- AECOM - Key offerings
- AECOM - Segment focus
- SWOT
- 14.6 Bechtel Corp.
- Bechtel Corp. - Overview
- Bechtel Corp. - Product / Service
- Bechtel Corp. - Key news
- Bechtel Corp. - Key offerings
- SWOT
- 14.7 Clark Construction Group LLC
- Clark Construction Group LLC - Overview
- Clark Construction Group LLC - Product / Service
- Clark Construction Group LLC - Key offerings
- SWOT
- 14.8 DPR Construction
- DPR Construction - Overview
- DPR Construction - Product / Service
- DPR Construction - Key offerings
- SWOT
- 14.9 Ferrovial SA
- Ferrovial SA - Overview
- Ferrovial SA - Business segments
- Ferrovial SA - Key offerings
- Ferrovial SA - Segment focus
- SWOT
- 14.10 Fluor Corp.
- Fluor Corp. - Overview
- Fluor Corp. - Business segments
- Fluor Corp. - Key news
- Fluor Corp. - Key offerings
- Fluor Corp. - Segment focus
- SWOT
- 14.11 Gilbane Inc.
- Gilbane Inc. - Overview
- Gilbane Inc. - Product / Service
- Gilbane Inc. - Key offerings
- SWOT
- 14.12 HOCHTIEF AG
- HOCHTIEF AG - Overview
- HOCHTIEF AG - Business segments
- HOCHTIEF AG - Key offerings
- HOCHTIEF AG - Segment focus
- SWOT
- 14.13 Kiewit Corp.
- Kiewit Corp. - Overview
- Kiewit Corp. - Product / Service
- Kiewit Corp. - Key offerings
- SWOT
- 14.14 Parsons Corp.
- Parsons Corp. - Overview
- Parsons Corp. - Business segments
- Parsons Corp. - Key offerings
- Parsons Corp. - Segment focus
- SWOT
- 14.15 Skanska AB
- Skanska AB - Overview
- Skanska AB - Business segments
- Skanska AB - Key offerings
- Skanska AB - Segment focus
- SWOT
- 14.16 STO Building Group
- STO Building Group - Overview
- STO Building Group - Product / Service
- STO Building Group - Key offerings
- SWOT
- 14.17 The Walsh Group
- The Walsh Group - Overview
- The Walsh Group - Product / Service
- The Walsh Group - Key offerings
- SWOT
- 14.18 Tutor Perini Corp.
- Tutor Perini Corp. - Overview
- Tutor Perini Corp. - Business segments
- Tutor Perini Corp. - Key offerings
- Tutor Perini Corp. - Segment focus
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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