North America Construction Market is Expected to Reach USD 3.53 Trillion by 2030

Major government investment in the region is driving the North America construction market growth during the forecast period

The North America Construction Market size was valued at USD 2.58 trillion in 2024, and is projected to grow to USD 2.76 trillion by 2025. Additionally, the industry is expected to continue its growth trajectory, reaching USD 3.53 trillion by 2030, with a CAGR of 5.0% from 2025 to 2030, according to new research by Next Move Strategy Consulting.

North America accounts for a substantial portion of the global construction market, largely driven by major government investments aimed at revitalizing infrastructure. In 2024, the U.S. government allocated over USD 220 billion to fund more than 32,000 projects across 4,500 communities in all 50 states, the District of Columbia, and U.S. territories. These initiatives focus on replacing lead pipes, addressing pollution, expanding access to affordable high-speed internet, and accelerating the transition to clean energy. Such investments are expected to significantly drive market growth and support revenue generation for industry participants across the region.

However, the construction market in North America continues to face significant obstacles due to complex regulatory landscapes. Infrastructure projects must secure numerous permits and approvals from various levels of government, including those related to zoning, environmental impact assessments, building codes, and safety regulations. The often lengthy and inconsistent permitting processes, combined with regulatory differences across jurisdictions, can lead to delays and increased costs. Moreover, sudden policy shifts or evolving regulations may disrupt ongoing developments and reduce investor confidence.

On the other hand, the integration of digital technologies presents promising opportunities for market expansion. Building Information Modeling is becoming increasingly central to the industry's digital transformation by supporting precise design, efficient resource use, and improved collaboration. 

Reflecting this trend, ALLPLAN launched Allplan 2024.1 in April 2024 to enhance BIM capabilities and optimize cloud-based workflows. In addition, the adoption of artificial intelligence, Internet of Things devices, and cloud computing is improving real-time coordination, predictive maintenance, and facility management across construction projects, indicating a shift toward more efficient and technology-driven infrastructure delivery.

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Several market players operating in the North America construction industry include Lennar Corp., D.R. Horton, Inc., Pultegroup, Inc., Jacobs Engineering, Fluor Corporation, AECOM, NVR, Inc., KBR, SNC-LAVALIN INC., Kentel Construction Ltd, PCL Construction, Graham Construction, Ledcor Group, Bird Construction, CICSA, IDEAL, Mota-Engil México, Techint Ingeniería y Construcción, Omega CORP, Pinfra, and others.

Key Insights from the North America Construction Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the North America construction market trends is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the industry is provided in the report along with their competitive analysis.