Last Updated: 24 Jul 2025
Source: Statifacts
US Construction and Infrastructure Market (By Application: Pipes and Fittings, Manhole Covers, Others) Industry Size, Share, Growth, Trends 2025 to 2034.
The global US construction and infrastructure market size surpassed USD 5.58 billion in 2024 and is predicted to attain around USD 7.70 billion by 2034, growing at a CAGR of 7.70% from 2025 to 2034.
| Industry Worth | Details |
| Market Size in 2025 | USD 5.79 Billion |
| Market Size by 2034 | USD 7.70 Billion |
| Market Growth Rate from 2025 to 2034 | CAGR of 3.27% |
The U.S. construction and infrastructure market serves sectors crucial for architectural development, acting as the catalyst for economic expansion, improving quality of life, and overall societal progress through access to good facilities. They offer the physical framework for important services, facilitate trade and connectivity, and boost economic opportunities. The construction and infrastructure fields employ a large number of workers, generating both direct and indirect jobs for numerous related industries. Modern and efficient infrastructure is the backbone of economic progress, attracting both domestic and foreign investments.
With 2024 bringing high material expenses and regulatory shifts, the U.S. construction industry is undergoing both opportunities and pressures. Residential and infrastructure projects continue to fuel expansion, yet longer payment cycles as well as market fluctuations strain contractors' cash flow. Industry-specific factoring solutions offer vital support, permitting contractors to meet requirements while handling financial complexities unique to construction.
The incorporation of AI in construction and management assists in cutting costs and reducing timelines. Specific tasks that need intense physical labor, such as welding, painting, and bricklaying, can be done with the assistance of AI. This has significantly enhanced the safety and quality of construction projects. Developed algorithms are being used to detect real-time data from job sites. They detect the flaws in safety hazards, design, and other inefficiencies well before the construction begins, which assists in avoiding potential loss of time, money, and lives.
Construction agencies use automated and semi-automated machinery such as self-driving bulldozers, excavators, mixers, road rollers, and dump trucks to perform tasks such as concrete pouring, bricklaying, waste dumping, demolition, or even welding. These machines only need input of specific details, and they will accomplish the task precisely as it is designed, permitting workers to target other building work.
Drivers in the U.S. construction and infrastructure market, such as government infrastructure investments and a rising focus on sustainability, are driving construction sector growth, job creation, and a shift toward eco-friendly, high-value.
Increased infrastructure investment is especially important for generating job opportunities in the construction sector and then eventually almost all other industries, leading to overall economic growth. The Bipartisan Infrastructure Law and other initiatives undertaken by the United States government are boosting the modernization of existing infrastructure and the creation of new projects, like airports, energy grids, and water systems. Large-scale investment in infrastructure is assisting in addressing long-standing infrastructure deficiencies, enhancing safety, efficiency, and quality of life. For instance, the U.S. Office of Federal Contract Compliance Programs has declared its 2024 “Mega Construction” designees, large federal construction projects that have the “greatest potential to create a positive economic difference in a community.”
Climate change, pollution, and resource depletion are encouraging a move towards eco-friendly building materials and practices. Recent sustainable buildings are fetching greater rental and sale prices due to a shifting consumer demand for low-carbon building practices. Some such buildings are also leading to lower long-term fuel consumption for heating and cooling, due to special building specifications that optimize natural light and ventilation, with a higher emphasis on reducing energy consumption. Under the recently concluded Biden-Harris administration, the United States witnessed a remarkable development in green building initiatives. Green buildings have long been a driving force in sustainable development, shaping how construction is built, designs, and functions to minimize environmental impact. Thus, these initiatives tackle an uncertain future with the transfer of U.S. leadership.
Obstacles in the U.S. construction and infrastructure market are regulatory complexities and skilled labor shortages pose significant hurdles for infrastructure projects, creating delays, cost overruns, and uncertainty for investors and smaller firms. Infrastructure projects need to navigate a web of government regulations and secure various permits from numerous agencies at the regional, local, and national levels. Changes in regulations or unanticipated policy shifts can destroy ongoing projects and create uncertainty for investors. The construction industry also tackles a lack of skilled labor, which can be exacerbated by regulatory needs that may be challenging to navigate for smaller or less experienced companies.
Key growth avenues in the U.S. construction and infrastructure market include the integration of artificial intelligence, building information modeling, Internet of Things, and machine learning is transforming infrastructure by enhancing efficiency, reducing waste, and enabling smarter design, construction, and lifecycle management.
Building information modeling is a new method, offering something similar to a digital twin, a virtual representation of an infrastructure project or even individual buildings. With the help of artificial intelligence, architects and engineers can automate tasks such as design modeling, progress monitoring, and code compliance checks. These collaborative uses of new technologies are helping streamline workflows, accelerate project completion, and cut down on errors. AI and building information modeling integration can improve supply chains, material flow, and warehouse operations, contributing to cost savings and decreased waste. AI, IoT, and BIM can collaborate to improve energy consumption, monitor environmental impact, and reduce waste via the building lifecycle. AI and IoT can reduce waste, resource allocation, and enhance efficiency, leading to cost savings.
ML models are utilized to forecast infrastructure service life, estimate soil properties from limited tests, forecast traffic volumes, and predict material properties like concrete compressive strength.
“As leaders, it’s our shared responsibility to help the construction professionals building our country get the resources and support they need to thrive,” said Brendan Bechtel, Bechtel Chairman and CEO. “The high rate of suicide in the construction community demands that we find new and better solutions that prioritize mental health as much as we do physical safety. The partnership between CEOs from some of the industry’s biggest and best companies, along with AFSP, will help us all achieve this goal faster and more effectively.”
Roe Demonte, Executive Vice President and Chief Human Resources Officer, said, “As the largest company in the construction services industry in the United States, Turner offers diverse pathways to build careers in bustling cities to rural communities in North America and beyond. With 1,500 active projects, Turner’s employees are open to exploring opportunities across markets, including working on cutting-edge data centers that support the rapid growth of cloud computing and AI that power industry and innovation. As our people expand their horizons to new locations and teams, the more opportunities they have to build a network of personal and professional relationships, and open doors for advancement.”
“We are incredibly grateful for the leadership and expertise that Bob has imparted on Skanska USA Building during his seasoned tenure. Bob has made a big impact on our business and will continue to support our work in the months ahead,” said Steve Stouthamer, Executive Vice President, Project Planning, Skanska USA Building. “While Bob’s transition towards retirement will be bittersweet, I am confident and excited to see John, Pratod, and Will excel in their new roles, continuing to uphold Skanska’s steadfast commitment to exceptional preconstruction services and quality.”
The pipes and fittings segment dominated in the U.S. construction and infrastructure market in 2024. Investments in improving and expanding water and sewage systems, along with the new construction projects, boost the need for pipes and fittings. The construction of offices, new homes, and other buildings demands pipes and fittings for numerous purposes, such as drainage, plumbing, and HVAC systems. PVC pipes provide excellent resistance to chemicals and corrosion, making them suitable for a broad range of applications.
The others (structural beams and brackets) segment is expected to be the fastest growing in the U.S. construction and infrastructure market during the forecast period. There's an increasing need for infrastructure that can withstand natural disasters, and high-strength steel beams are well-suited to handle this demand. The construction industry is transitioning towards more eco-friendly practices, with eco-friendly and recycled steel producing processes gaining traction. Government policies encouraging green building practices are thus accelerating the acceptance of sustainable construction methods.
For instance, structural steel is reviewed as a green construction material because of its recyclability, and therefore, an increasing number of green buildings is expected to drive market expansion in the next few years. The product has a high strength-to-weight ratio, permitting it to bear heavy loads as well as resist compression and bending forces. Steel commodities have undergone daily price swings in most countries as well as fluctuations in the expenses of raw materials like coal, iron, and scrap. Any disruption in the requirement-supply contributes to extreme volatility in expenses. Production expenses also influence prices and storage capacity, which directly affects the costs of structural steel.
The U.S. construction and infrastructure market is undergoing significant expansion, driven by both public and private investments in numerous sectors. The market is categorized as a mix of large, well-known players and smaller, specialized companies, with a competitive landscape shaped by factors such as labor availability, technological adoption, and government policies.
Turner Construction Co., a subsidiary of HOCHTIEF AG, is a construction services firm that offers general building and engineering services worldwide. The firm provides services like design and build, engineering, procurement services, lean construction, and building information modelling. The firm also provides project development, construction supervision, and project management services.
AECOM is a manufacturer of consulting, engineering, and project management services. It functions, builds, designs, and finances numerous infrastructure projects for governments, businesses, and organizations globally. The firm's services include planning, asset management, consulting, architecture and design, construction, cost management, decommissioning and closure, environmental services, and engineering. AECOM also offers operations and maintenance, construction management, information technology, resilience, risk management, and technical services.
Lennar is an unfunded firm present in Miami (United States), founded in 1954. It functions as a manufacturer of real estate development services. Lennar has not raised any funding yet. The firm has 196 active competitors, which include six funded and 16 that have exited.
| Segments | Shares (%) |
| Pipes and Fittings | 55% |
| Manhole Covers | 20% |
| Others | 25% |
Published by Shubham Desale
