Infrastructure - Industry - North America Market, Share and Trends 2023-2028

Summary of Infrastructure

The infrastructure sector across North America has experienced significant changes in recent years that is driven by— evolving policies, investments and technological advancements. In our analysis, we will focus upon the key elements shaping the industry’s trajectory, with an emphasis on sustainable and community-focused development.

Over the past decade— infrastructure investment in North America has accelerated in response to aging systems and the need to support economic growth. The US recently passed a historic $1.2 trillion bipartisan infrastructure bill to repair roads and bridges while expanding access to high-speed internet, electric vehicle charging and renewable energy.

Based on our estimates, we can say that the North American infrastructure industry is forecasted to be a $3765.22 billion industry in 2029 from $2990 billion in 2023 with a CAGR of 3.91 %.

Canada also unveiled C$100 billion in infrastructure spending as part of its COVID-19 recovery plan. At the state/provincial level, transportation departments are undertaking major highway and transit projects while utilities invest in grid modernization.

Cities and towns are increasingly upgrading water, sewer and community facilities with a focus on sustainability and resilience against extreme weather events. Looking ahead, strategic investments in 21st century infrastructure can boost productivity, public health and quality of life across the region.

Recent Trends and Insights

Drawing from our proprietary research and industry reports, this section will explore the trends most significantly impacting infrastructure development in the region. Areas of focus include shifting transportation patterns, the rise of smart infrastructure, sustainability mandates, and the impact of new construction technologies. Case studies highlighting innovative projects and practices will also be featured.

Transportation patterns are evolving rapidly with the rise of telework, e-commerce and on-demand mobility services. This is driving the need for more efficient, multimodal systems to move both people and goods.

At the same time— infrastructure is becoming increasingly smart and digitally-enabled. From traffic management to water leak detection, sensors and data analytics are optimizing operations while delivering cost savings.

Sustainability has also moved to the forefront, with infrastructure owners setting ambitious carbon reduction targets while future-proofing assets against climate change impacts. New modular, prefabricated construction techniques are accelerating project timelines while reducing environmental footprints.

These trends point to opportunities for innovative technologies, materials and financing mechanisms that deliver social, economic and environmental benefits.

Product Insights

An examination of the evolving product and service needs of infrastructure owners and operators across key industry verticals such as transportation, water and telecommunications. This includes emerging procurement preferences and the opportunity for innovative solutions that reduce costs, improve resilience and maximize community benefits over the long term.

Infrastructure owners are increasingly seeking integrated, technology-enabled solutions rather than one-off products. In transportation which includes advanced traffic management systems, electric vehicle charging infrastructure and connectivity platforms to monitor asset performance.

Water utilities require smart metering, leak detection and renewable energy integration at treatment plants. Telecom providers are upgrading networks to deliver multi-gigabit speeds while expanding coverage. There is also demand for modular, standardized components that simplify maintenance and future upgrades.

Sustainable materials and equipment with lower lifecycle costs are priorities as well. Innovative firms providing holistic, data-driven solutions stand to gain in this evolving procurement landscape.

Key Companies

Some major players within this vast domain of industry are

• Hensel Phelps
• Turner Construction Company
• Skanska
• Austin Industries
• AECOM
• KMI – CCI
• DPR Construction
• IBM
• AWS (Amazon Web Services)
• Oracle

Regional Analysis

A deeper dive into infrastructure priorities and developments within distinct North American markets. We have analyzed the specific economic and demographic factors shaping investment approaches in regions such as – the Northeast, Midwest, West Coast and Canada. Challenges and opportunities for public-private partnerships are also explored.

The Northeast remains focused on modernizing aging rail, transit and port facilities to support dense urban populations. In the Midwest, infrastructure plays a vital role connecting agricultural and industrial sectors, with needs around inland waterways, roads and renewable energy generation.

The West Coast is investing heavily in transportation electrification, earthquake resilience and addressing water scarcity issues through technologies like desalination. Canada is working to expand broadband access nationwide while upgrading infrastructure in the Prairie provinces to enable resource development and export.

Both the US and Canada also face shared challenges around rural connectivity and climate change impacts on northern infrastructure. Strategic public-private partnerships will be crucial to fund projects across diverse geographies and climates over the coming decades.

Market Segmentation

By Type:

• Transportation Infrastructure
• Energy Infrastructure
• Water and Sanitation Infrastructure
• Communication Infrastructure
• Social Infrastructure

By End User:

• Government
• Private Sector
• Public-Private Partnerships (PPP)
• Industrial Sector
• Residential Sector

By Enterprise Size:

• Large Industries
• Small & Medium Industries

By Country:

• The U.S.
• Canada
• Mexico

Our Methodology

We have offered a well-founded review of the North American regional Infrastructure Industry market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any future prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.