Construction has solidified its position as a result of a 10% increase in nominal value added and a 12% increase in gross output throughout 2024.
The immediate forecasts from JLL's new U.S. Construction Outlook Report for the upcoming year 2025 indicate a period of growth and adaptation, marked by an increase in industry costs between 5% and 7%.
Sarens has already been able to participate in projects of great national relevance, such as the Madison Square Garden Sphere in Las Vegas, positioning itself as a strategic partner to continue driving the growth of the industry.
According to Statista, the value of the construction industry is expected to continue growing in the coming years, reaching 2.3 trillion US dollars by 2028. This growth forecast should be understood within a context where expenditure in the sector has been increasing in previous years, leading to a very favorable situation by the end of 2023, where new constructions completed in the United States that same year were valued at approximately 2 trillion US dollars.
These positive prospects have also carried over to 2024, where construction has solidified its position as a result of a 10% increase in nominal value added and a 12% increase in gross output. In fact, spending in the industry has surpassed 2 trillion dollars so far this year, also reaching significant milestones in employment levels, with figures of up to 8.3 million, which have been on a constant rise. This progress has been reflected in the Dodge Momentum Index (DMI), which measures spending on non-residential construction, with increasing confidence in market conditions from both owners and developers.
Within this growth context, Sarens, world leader in heavy lifting, engineered transports and crane rental services, has been a key player in supporting this construction industry expansion. Its extensive experience participating in highly complex projects at an international level, combined with its team of highly qualified professionals and cutting-edge machinery, makes Sarens an extremely valuable partner in the development of works for both the public and private sectors.
In this regard, Sarens has already been able to participate in projects such as the Madison Square Garden Sphere in Las Vegas, where it carried out the lifting and placement of the beams for the entire stadium infrastructure and the supports on which more than 4,500 panels that make up the 360-degree exterior screen would later be placed. Additionally, it is worth highlighting its participation in sectors such as energy, with the construction and remodeling work at the Corpus Christi refinery in Texas, where it used some of its highest capacity cranes, such as the Liebherr LR1350S crawler cranes of 385 tons, to lift and position two reactors and 58 modules.
The execution of such projects in recent years, along with government investments made through the Infrastructure Investment and Jobs Act (IIJA) or the Inflation Reduction Act (IRA), can continue to facilitate the advancement of industries such as manufacturing and energy, which in turn require construction to continue developing. In fact, the immediate forecasts of the new JLL U.S. Construction Outlook Report for the upcoming year 2025 indicate a period of growth and adaptation, marked by an increase in industry costs between 5% and 7%.
Ronald Rozema, Sarens Country Manager in the United States, points out that “the construction industry is in a booming moment within the country. The recent opening of our new branches in Beaumont and Odessa, Texas, allows us to offer a closer and more personalized service to our clients, being able to move the necessary equipment to any location in the shortest possible time. In this way, Sarens positions itself as a strategic partner to continue driving the growth of the industry at the national level”.
Sarens has also been able to collaborate on projects for the aerospace industry, taking care of the lifting and transportation tasks for the construction of the ML2 (Mobile Launcher 2) alongside NASA. Additionally, it was also able to participate in the works of the Artemis expedition, preparing the necessary infrastructure for the future actions of the program, and in the lifting activities of the Mars Mission project at the Stennis Space Center (SSC) in Mississippi. With this expertise and the ability to adapt its construction solutions to different vertical industries, Sarens continues to offer its services to advance the growth forecasts of the construction industry.
About Sarens
Sarens is the global leader and reference in crane rental, heavy lift and engineered transportation services. With state-of-the-art equipment, value engineering, one of the world's largest inventories of cranes, transporters and special rigging equipment, Sarens offers creative and intelligent solutions to today's heavy lifting and engineering transport challenges.
With more than 100 entities in 66 countries operating without borders, Sarens is an ideal partner for small to large-scale projects. Sarens currently employs 5,000 highly qualified professionals who are ready to serve the needs of any client worldwide and in all market sectors. https://www.sarens.com/