Latest News- Commercial Construction Market in US: Private construction is expected to lead the Sector segment during 2025-2029

The Commercial Construction Market in US is being driven by Increase in construction of green buildings

The Commercial Construction Market in US is expected to grow at a CAGR of 2.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 191 billion. In the realm of commercial construction, the rise of smart cities in the United States presents a significant opportunity for growth. Smart cities, characterized by the integration of technology and communication systems, necessitate advanced infrastructure development, particularly in transportation and traffic management. This trend is driving the demand for the construction of sophisticated road network systems. Companies specializing in this market are poised to benefit, as the federal government's smart city initiatives continue to expand, requiring the expansion of roadways to align with these ambitious projects. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Sector
  • Private construction
  • Public construction
• Type
  • Building
  • Others
• End-user
  • Office buildings
  • Retail spaces
  • Hotels and hospitality
  • Healthcare facilities
  • Others
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in construction of green buildings
• Expanding manufacturing and distribution facilities in US
• Booming real estate sector in US

However, the market also witnesses some limitations, which are as follows:

• Lack of workforce in construction industry
• Rise in cost of construction
• Fluctuations in building material prices

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Market Scope in Commercial Construction Market in US Research Report

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Research Analysis Overview

The Commercial Construction Market in the US is witnessing a surge in sectors like Repair and Maintenance, Refurbishment and Demolition, and Renovation and Retrofitting, driven by the need for Energy-saving designs and Urban Regeneration. Mixed-use Developments, Office Buildings, Retail Buildings, and Outdoor Leisure Facilities are also experiencing growth. Infrastructure Development Programs face challenges due to Cost Escalation, Fluctuating Material Prices, and Labor Shortages, particularly in building materials like lumber and non-residential structures. Urbanization and the shrinking labor force exacerbate these issues, making Investments in Water Infrastructure crucial. Product lead times add to the complexity of the market.

Market Research Overview

The commercial construction market in the US encompasses engineering service providers and EPC contractors specializing in non-residential projects. This sector excludes entities involved in residential construction. According to Technavio, market expansion will be fueled by escalating investments in urban infrastructure. With burgeoning urban populations and mounting requirements for transportation, communications, and essential services like water and electricity, the demand for office buildings, retail structures, repair and maintenance, refurbishment, demolition, and outdoor leisure facilities is surging. Urbanization's continued progress will significantly contribute to the growth of the commercial construction market in the US.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/