construction market outlook in the us 2015-2019
TRANSCRIPT
USA – CANADA – UK – CHINA – INDIA
Construction Market Outlook in the US 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
For more information on theConstruction Market Outlook in
the US 2015-2019,please mail us at
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Key Trends
Technavio’s Senior Analyst says, “The market is facing some macroeconomic and microeconomic challenges: a shortage of skilled labor and rising labor costs. This is exacerbated by uncertainties in the global economy and a need to reduce energy costs. Further, foreign investment in the real estate market has diminished, and this will negatively affect the US construction market.”
• 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.
• Technavio's analysts forecast the Construction Market Outlook in the US to grow at a CAGR of 4.5% over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Construction Market Outlook in the US 2015-2019
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Vendors
To understand the vendor landscape and
for a full list of vendors view our
report:
Construction Market Outlook in the US 2015-2019
Fluor
NVR
Skanska USA
Fluor was founded in 1912 and is headquartered at Irving, Texas. The company provides engineering, procurement, construction, maintenance, and project management services.
NVR was founded in 1948 and is headquartered at Reston, Virginia. In addition to construction, the company sells homes and provides financing services. It conducts its business under two segments: homebuilding and mortgage banking.
Skanska USA focuses on expanding its presence in the US. The company plans to grow its business by focusing on urban areas in Texas, California, Phoenix, Chicago, Ohio, South Carolina, and Pittsburgh. Additionally, the company aims to strengthen its infrastructure development business unit by engaging in public-private projects.
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Market Landscape• The construction industry will continue to grow over the next five years because
of the boom in the unconventional oil and gas industry, which fuels growth in other industries such as steel and petrochemicals.
• In the next 10 years, it is estimated that $505 billion will be required for upgrades in oil and gas distribution, storage facilities, gas processing facilities, crude pipelines, and railways.
• The construction industry is also going to benefit from the Build America Investment Initiative, which aims to promote the public-private partnership model to improve the nation’s infrastructure in ports, roads, and bridges.
• Also, the US budget for FY2015-2016 allocated $478 billion to improve the overall infrastructure of the country over the next six years.
• The allocation will be directed toward upgrading and building new highways and freight networks, and subway, rapid transit, light rail, and passenger rail systems across the country.
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Key Buying Criteria
Guest BloggersParameter Details
Cost-effectiveness
Vendors should be able to deliver high-quality construction and maintenance services at an affordable cost. Proper management of time and resources by vendors will help in delivering cost-effective services.
Risk Management Abilities
The lifecycle of construction projects spans many years. Any unpredicted event related to financial, environmental, and political situations should be managed by the contractor. Having prior experience in managing risk in large projects is often an added advantage.
Technical ExpertiseInfrastructure construction projects are technology-intensive. The technical knowledge and experience of the expert pool are important selection criteria.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Construction Market Outlook in the US 2015-2019
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