Construction Market Outlook in the US to grow at a CAGR of 4.5% over the period 2014-2019; Finds New Report

Report forecast the Construction Market Outlook in the US to grow at a CAGR of 4.5% over the period 2014-2019.

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 country’s infrastructure; boom in the unconventional energy market, primarily shale; change in demographics; and rise in employments among others.

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.

According to the report, with the advent of hydraulic fracturing and horizontal drilling techniques, energy companies in the US are making huge investments to access unconventional oil and gas resources, primarily shale gas. This is expected to bring in major opportunities for the engineering and construction industry in the US for the next two decades.

Further, the report states that the construction industry in the US is recovering from a prolonged slump and is facing a shortage of skilled workers. Most workers shifted to other industries such as energy during the housing market crash and recession in 2007-2008.

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 players in the construction outlook in the US: Fluor Corp., NVR Inc. and Skanska USA

Other Prominent Vendors in the market are: CB&I, Bechtel, KBR and Kiewit

Market Driver

• Boom in Unconventional Energy Market
• For a full, detailed list, view our report

Market Challenge

• High Transportation Costs
• For a full, detailed list, view our report

Market Trend

• Skilled Labor Shortage
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?

Spanning over 54 pages and 24 Exhibits “Construction Market in the US 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Economic Overview, Construction Sector in US, Market Landscape, Market Segmentation, Vendor Selection Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis, Market Summary.

For further information on this report, please visit- http://mrr.cm/4sy

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