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North America Building Construction Industry Report 2020: $1888.8 Billion Market Size & Forecast by Value and Volume 2015-2024 - COVID-19 Update Q2 2020

Research and Markets
·4-min read

Dublin, Sept. 23, 2020 (GLOBE NEWSWIRE) -- The "North America Building Construction Industry Databook Series - Market Size & Forecast (2015 - 2024) by Value and Volume (area and units) across 30+ Market Segments, Opportunities in Top 100 Cities, and Risk Assessment - COVID-19 Update Q2 2020" report has been added to ResearchAndMarkets.com's offering.

The building construction industry in North America is expected to record a CAGR of 8.8% to reach USD 1888.8 billion by 2024. The residential construction industry in value terms increased at a CAGR of 6.7% during 2015-2019. The commercial building construction market in value terms is expected to record a CAGR of 9.7% over the forecast period.

Covid-19 outbreak has severely impacted business and consumer sentiment in North America, leading to building construction sectors recording lowest growth in years. Though recovery is expected to begin starting Q1 2020, it will take at least 6-8 quarters before residential and commercial construction sectors return to a stable growth trajectory.

Relatively speaking, the publisher expects growth in affordable housing segment to bounce back faster than mid-tier and luxury segments. Office and retail segments are expected to witness a slow recovery as collapsed demand will take 6-8 quarters to recover completely.

This report provides data and trend analyses on North American building construction industry, with over 80 KPIs. This is a data-centric report and it provides trend analyses with over 400+ charts and 350+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 30 segments in residential, commercial, industrial, and institutional construction sectors.

It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.

In addition to country level analysis, this report offers a detailed market opportunity assessment across top 30 cities, helping clients assess key regions to target within the city.

Report Scope

Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2015-2024 in North America.

KPIs covered include the following:

  • Market size by value

  • Market size by volume of construction

  • Number of units

Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

  • Housing type (multi family, single family)

  • Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)

  • Top 10 cities in Country

  • Price point / income level (luxury, mid-tier, affordable)

  • Construction stage (new construction, re-development, maintenance)

Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

  • Office building (further broken down by Grade A, Grade B, and Grade C)

  • Retail building

  • Hospitality and luxury building

  • Restaurant

  • Entertainment

  • Sports facility

  • Construction stage (new construction, re-development, maintenance)

  • Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)

  • Top 10 cities in Country

Industrial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

  • Manufacturing plants

  • Chemical & pharmaceutical

  • Metal & material processing

  • Construction stage (new construction, re-development, maintenance)

  • Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)

  • Top 10 cities in Country

Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

  • Healthcare construction

  • Educational construction

  • Public sector

  • construction stage (new construction, re-development, maintenance)

  • Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)

  • Top 10 cities in Country

Infrastructure Construction Sectors: 10- year market size & forecast in value terms by

  • Marine and inland water infrastructure

  • Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)

  • Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)

  • Construction stage (new construction, re-development, maintenance)

  • Country Covered:

  • United States

  • Canada

  • Mexico

Reason to Buy

  • In-depth Understanding of Building Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 30+ market segments and sub-segments of North America building construction industry.

  • Volume and Value Data: Get a detailed understanding of the market both from value and volume (both by activity and units) perspective for the historical as well as the forecast period

  • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in the construction industry.

  • City Level Insights: Get city level trend analyses to identify unique opportunities across top 70 cities and also by tier-1, tier-2, and tier-3 cities.

For more information about this report visit https://www.researchandmarkets.com/r/62er2p

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900