SLED Architecture, Engineering, and Construction (AEC) Market, 2022-2025
Published: August 12, 2022
The forecasted compound annual growth rate (CAGR) of 2.1% (2022-2025) improves upon the 1.3% growth rate coming out of the pandemic recession, thanks to federal American Rescue Plan Act (ARPA) and Infrastructure Investment and Jobs Act (IIJA) stimulus. Spending is expected to mirror a similar uptick in bid activity in both the A&E and construction markets.
The state, local, and education (SLED) architecture, engineering, and construction (AEC) market experienced a dip in spending during the pandemic induced recession of 2020-2021; however, the decline was not as severe as it could have been due to federal CARES Act and American Rescue Plan Act (ARPA) stimulus funding. The impact of the stimulus provided by the Infrastructure Investment and Jobs Act (IIJA) will not fully reach the market until the 2024-2027 timeframe, according to Congressional budget estimates.
This market is expected to achieve a new peak in spending again in 2024 at $346.4 billion.
This report will help contractors understand market trends across 12 different Deltek market verticals and 59 subcategories, including: community facilities, higher education, K-12 education, sewerage/dry waste systems. health care, public safety, conservation infrastructure, commercial facilities, power, mass transit, water supply, and air/land/sea transportation infrastructure.
The spending impacts of the governors' agendas, ARPA, and IIJA will also be reviewed in detail.
Introduction (slides 6-12)
*Scope and Methodology
Market Forecast (slides 16-34)
*Total Addressable Market
*ARPA & IIJA
*Tier 1 & Tier 2 Categories
AEC Market Verticals (slides 36-63)
*Verticals & Subsegments
Appendix (slides 65-73)
*Terms & Definitions