London, 11 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the construction outlook in the US 2015-2019, which is expected to grow at a CAGR of 4.5% during the forecast period of 2014-2019.
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.
“Consumers are now inclined toward green buildings for new constructions as well as renovations. A greater focus on both conserving energy and reducing energy costs is leading to the high demand for green buildings in the US,” says Faisal Ghaus, Vice President of Technavio.
“By 2018, green buildings will account for 84% of the new single-family homes. At present, the education, healthcare and corporate sectors have the highest percentage of green buildings.”
Key Market Drivers
- Energy Revolution in US
- Adoption of PPP Model
- First-time Home Buyers
- More Economical to Build than to Lease or Rent
Key Market Trends
- Focus on Green Buildings
- Convergence of Construction and Design Companies
- Innovations in Technology
Key Market Vendors
- Fluor Corp.
- NVR Inc.
- Skanska USA
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
