$2.85T In Construction Spending by 2031: Read The 2031 Spending Forecast
Merlo America, with BiltData.ai, has released an in-depth analysis of expected economic growth in the construction industry. With a projected compound annual growth rate of 5.1%, construction is poised to soar to a 2.85 trillion-dollar industry by 2031.
Just five U.S. states are set to capture 42% of the $2.85 trillion construction spending surge expected by 2031, according to a new report by Merlo America and BiltData.ai. Merlo America, a key innovator in construction equipment solutions, has unveiled an economic forecast pointing to a decade of opportunity across the construction, agriculture and data center sectors.
With pockets of demand accelerating nationwide, Merlo America is using these insights to strategically expand its dealer network — providing partners with the tools, technology and foresight to win in high-growth markets. Merlo America is poised to deliver its broad array of telehandlers, utility tractors and attachments to meet the demands of these rapidly expanding markets.