The civil engineering output in the US has exhibited a steady upward trend from 2013 to 2023, growing from $224.41 billion to $306.35 billion. The year-on-year growth rates varied, with notable surges in 2018 at 6.43% and more moderate increases in subsequent years, reaching 2.3% in 2023. The Compound Annual Growth Rate (CAGR) from 2013 to 2023 showcases an overall trend of 2.19%, underlining consistent, albeit modest, growth.
Looking ahead, the forecast for the next five years anticipates a continued rise, with the civil engineering output projected to reach $339.69 billion by 2028. This represents a forecasted 5-year CAGR of 1.64%, aligning with an 8.48% total growth over this period. The predicted growth signifies ongoing expansion, albeit at a slightly decelerated pace when compared to the previous decade.
Future trends to watch for include advancements in sustainable construction practices, the integration of smart technologies in infrastructure projects, and increased government spending on public infrastructure, which could potentially accelerate growth in civil engineering output.