In 2023, the Civil Engineering Gross Value Added in the US was below 161.9 billion USD, indicating growth in the subsequent forecasted years. The data shows increasing values from 2024 to 2028, reflecting a steady upward trend. The year-on-year growth is consistent, averaging around 2.5% annually. The compounded annual growth rate (CAGR) over the forecasted five-year period from 2024 to 2028 is approximately 2.4%.
Future trends to watch for include:
- Increased urbanization necessitating more infrastructure development.
- Technological advancements in construction and engineering practices.
- Potential impacts of governmental infrastructure investment policies.
- Environmental sustainability demands influencing project planning.
