DUBLIN, May 29, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/zhl4zp/construction) has announced the addition of the "Construction Market in the US 2015-2019" report to their offering.
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US Construction Market expected to grow at a CAGR of 4.5% over the period 2014-2019
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.
Increased focus on green buildings is one of the key trends emerging in the market. 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.
According to the report, 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.
The construction industry in the US is recovering from a prolonged slump and is facing a shortage of skilled workers. Most workers shifted to other industries such as energy during the housing market crash and recession in 2007-2008.
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Companies Mentioned
For more information visit http://www.researchandmarkets.com/research/zhl4zp/construction
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
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