U.S. Transportation Infrastructure Market to Surpass USD 550 Billion by 2032, Driven by Smart and Sustainable Investments

According to the latest market research study published by P&S Intelligence, the U.S. transportation infrastructure market experienced remarkable growth, reaching USD 380.4 billion in 2024, and is projected to surge to USD 550.5 billion by 2032, reflecting a robust 4.9 % CAGR from 2025 to 2032.

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This impressive expansion is fueled by urgent modernization needs: deteriorating bridges, roads, and transit networks highlighted by the American Society of Civil Engineers, coupled with fast-paced urban growth and e-commerce demands driving freight and passenger mobility. In response, both federal and state governments have ramped up investments—channeling funds from programs like the Infrastructure Investment and Jobs Act (IIJA) and the NEVI Formula Program, targeting everything from roads and bridges to EV charging infrastructure and mass transit upgrades. Technological innovation also plays a pivotal role: IoT-enabled traffic systems, AI-powered predictive maintenance, and smart infrastructure solutions are transforming efficiency, resilience, and sustainability across the sector. These factors collectively position the U.S. transportation infrastructure market as a high-growth arena primed for strategic investment and innovation.

Key Insights

• The market is highly fragmented, involving federal, state, municipal, and private stakeholders across road, rail, air, and marine infrastructure.
• Roadways dominate, representing 55 % of the market in 2024 due to the expansive Interstate Highway System and their critical role in freight and passenger transport; railways, however, are the fastest‑growing category.
• Freight transport leads both in share (70 % in 2024) and growth (≈5 % CAGR), driven by booming e‑commerce and logistics demand.
• Renovation and modernization (rather than new builds) are gaining ground—with a CAGR of ~5.5 %—spurred by integration of green and digital upgrades like EV chargers and intelligent traffic systems.
• Roads & bridges are the largest component (40 % in 2024), receiving major federal allocations (e.g., USD 61 billion via FHA in October 2024); ports & docks are the fastest-growing component.
• The South region holds the largest share (35 % in 2024), led by fast-paced population growth; meanwhile, the West region is the fastest-growing.
• The IIJA, backed by USD 1.2 trillion, remains a cornerstone catalyst—fuelling upgrades across roads, bridges, rail, and airport systems.
• Federal programs—like NEVI (USD 4.155 billion) and the Low/No-Emission Vehicle Program (USD 1.5 billion)—are accelerating deployment of EV charging and zero‑emission bus fleets.
• Smart infrastructure adoption is accelerating: IoT sensors, AI, drones, and predictive maintenance tools are key trends transforming system reliability and cost efficiency.
• Major ongoing projects include LA’s Aviation/Century and La Brea stations; Seattle’s Lynnwood City Center and Marymoor Village Stations; Kansas City’s Main Street streetcar extension; and Honolulu’s Skyline station.
• Private-sector innovations: Wabtec’s February 2025 LNG fuel injection systems aim to make rail more efficient; Quikrete’s January 2024 acquisition of Summit Materials (USD 11.5 billion) underscores consolidation trends.
• Market growth is rooted in socio-economic drivers: rapid urbanization, population growth, logistics optimization, and climate resilience are all key underlying forces .
• Competitive landscape features a diverse mix of major infrastructure players—Bechtel, Kiewit, Skanska, AECOM, Turner, Walsh, Clark, Jacobs, Suffolk, Hoffman, PCL, Balfour Beatty—competing for fragmented tenders and regional contracts.

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In-Ground and Concrete Pools Dominate as U.S. Swimming Pool Construction Market Expands

According to the latest market research study published by P&S Intelligence, the U.S. swimming pool construction market was valued at USD 15.1 billion in 2024 and is projected to reach USD 19.1 billion by 2032, driven by a steady 3.1% CAGR during 2025–2032.

This growth is fueled by homeowners investing in home remodeling, outdoor leisure spaces, and status-enhancing amenities. Temperature shifts due to climate change are boosting demand, especially in the Southern (Texas, Florida) and Western (California, Arizona) regions. As the stay-at-home trend prompted by the pandemic continues to reshape lifestyles, pools have grown in popularity for recreation, fitness, and real-estate value. The sector remains fragmented, mainly dominated by regional contractors and independent firms.

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Key Insights

• Type segmentation: In‑ground pools lead the market with an 80% revenue share in 2024, favored for their durability, customization, and long-term value. Above‑ground pools, however, represent the fastest-growing segment.
• Material preferences: Concrete (including shotcrete/gunite) held a 65% share in 2024, thanks to its robustness and design flexibility. Fiberglass pools are the fastest-growing alternative segment.
• End‑user breakdown: The residential segment is both the largest (60% revenue share in 2024) and the fastest-growing, with a projected 4% CAGR, as suburban homeowners invest in private pools for fitness, leisure, and social use.
• Geographical trends: The South captured 45% of the market in 2024, its warm climate enabling year-round usage. The West, meanwhile, is the fastest-growing region, signaling fresh opportunities in states like California and Arizona.
• Market dynamics: The landscape is highly fragmented, populated by local and regional contractors. This fosters innovation in smart, sustainable, and customized offerings—especially among nimble smaller firms.
• Emerging demand trends: Buyers increasingly seek advanced, customizable pools featuring spa zones, water features, lighting systems, and smart automation.
• Wellness and fitness orientation: Homeowners appreciate pools for their health benefits, including significant calorie burn during swimming, reinforcing adoption.
• Hospitality sector growth: Hotel, resort, and sports-complex installations are rising in response to tourism and recreation demand.
• Pandemic-driven leisure shift: The staycation trend continues to motivate homeowners to create resort-like backyard environments, sustaining pool demand even post-pandemic.
• Strategic opportunity zones: Leading prospects lie in suburban residential upgrades and focused expansion in South and West regions, where climate, lifestyle, and homeownership patterns support continued growth.

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U.S. Remodeling Industry Thrives on Eco-Friendly Innovations and Aging Housing Stock

According to the latest market research study published by P&S Intelligence, the U.S. remodeling market reached a value of USD 531.3 billion in 2024 and is projected to expand to USD 724.2 billion by 2032, achieving a CAGR of 4.1% between 2025 and 2032. This robust growth is largely driven by escalating residential property prices, an aging housing stock, and a growing focus on sustainable and energy-efficient renovations.

Innovation continues to influence the market, with advancements in energy-efficient materials and green remodeling techniques reshaping project approaches. Homeowners are increasingly shifting toward upgrading existing properties rather than relocating, a trend supported by favorable regulatory incentives and rising home equity. Together, these factors are fueling sustained investment in residential remodeling across the U.S.

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Key Insights

• The residential remodeling market will increase from USD 531.3 billion in 2024 to USD 724.2 billion by 2032, exhibiting a 4.1% CAGR (2025–2032).
• Aging home inventory, with many houses built decades ago, is creating a significant demand for renovation—particularly in structural and energy-related upgrades.
• Surge in property prices is incentivizing homeowners to invest in home improvements, leveraging strong home equity rather than relocating.
• Emphasis on sustainability: growing preference for energy-efficient upgrades (e.g., insulation, solar-paneled roofing) is transforming remodeling practices and aligning with eco-conscious consumer behavio.
• Technological advancements—like modular cabinetry, smart HVAC systems, and IoT-enabled appliances—are enhancing project efficiency and long-term value.
• More homeowners are enthusiastically tapping into home equity, choosing remodeling over relocation, supporting the industry’s longevity.
• Government incentives, such as tax rebates and green-building certifications, are making sustainable remodels more accessible and attractive.
• Emergence of specialized remodelers: firms focusing on eco-friendly upgrades and aging-in-place designs are gaining market traction.
• While renovation costs have risen—driven by improved material standards and skilled labor—consumers continue to prioritize upgrades over purchasing new homes.
• Key geographic hotspots include mature housing markets in the Northeast and Midwest, where older homes are common, and warm-climate regions where exterior energy-efficient upgrades are in high demand.
• Competitive dynamics: both large-scale remodelers and niche boutique firms are ensuring diverse market coverage. There’s increasing opportunity for collaboration with manufacturers of sustainable materials.
• Greater buyer appeal: remodeling upgrades are shown to boost resale value, which encourages homeowners to pursue value-enhancing projects.

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Technological Advancements and Federal Infrastructure Push Fuel U.S. Millwork Market Growth

According to the latest market research study published by P&S Intelligence, the U.S. millwork market, valued at USD 12.5 billion in 2024, is projected to grow to USD 18.4 billion by 2032, registering a CAGR of 5.1% between 2025 and 2032.

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This robust growth is driven by a resurgence in both new construction and remodeling activities across the residential and commercial sectors. In addition, government initiatives—such as funding from the Infrastructure Investment and Jobs Act (IIJA) and the CHIPS and Science Act—are bolstering demand for high‑quality millwork components. Technological modernization within manufacturing facilities, including automation and precision cutting, is enabling faster production cycles and greater customization, making millwork solutions more attractive to builders and architects alike. Industry leaders, including Builders FirstSource, JELD‑WEN, and Woodgrain, are expanding their production and distribution capacity, further strengthening the market’s supply chain and helping deliver improved product availability and service.

Key Insights

• The market is segmented by product type, including doors, windows, moulding, and architectural woodwork. Each segment is benefiting from rising construction and renovation spending.
• Residential millwork remains the dominant share, but commercial and institutional projects are increasingly driving demand, particularly in education, healthcare, and retail sectors.
• Geographically, growth is strongest in states investing heavily in infrastructure—such as Texas, Florida, and California—followed by the Northeast and Pacific regions where property renovation is surging.
• Technological advancements are reshaping production, with manufacturers adopting CNC machining, robotics, and integrated ERP systems to boost efficiency and reduce waste.
• Government policy, notably the IIJA and CHIPS Act, is creating new opportunities: companies are securing contracts for interior finishes in federally funded construction projects.
• Sustainability initiatives are gaining traction. Leading players are incorporating engineered wood, reclaimed lumber, low-emission finishes, and FSC-certified materials to meet green-building standards.
• Competitive dynamics: Key industry players—Builders FirstSource, JELD‑WEN, and Woodgrain—are rapidly expanding manufacturing footprints and distribution pipelines to meet national demand. Meanwhile, mid-sized and regional firms are leveraging customization and local service to capture niche markets.
• Emerging opportunities: Custom millwork for higher-end residential and commercial applications, demand for energy-efficient door/window assemblies, and growth in prefabricated millwork components are shaping future innovation.
• Recent partnerships and expansions: Several manufacturers have announced enhanced capacity through strategic investments and acquisitions to capitalize on long-term infrastructure and renovation trends.
• Outlook: With the ongoing convergence of public infrastructure funding, sustainable building practices, and advanced manufacturing capabilities, the U.S. millwork market is well-positioned for steady expansion through 2032.

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Global Demand for Progressing Cavity Pumps Surges with 5.4% CAGR Forecast Through 2032

According to the latest market research study published by P&S Intelligence, the global progressing cavity pumps market was valued at USD 2,451.9 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2032, reaching USD 3,700.1 million by 2032. This healthy growth is primarily driven by rising industrial demand across sectors such as enhanced oil recovery, water and wastewater management, and power generation, where these pumps’ cost-effective, low-pulsation design offers significant advantages.

Technological innovation has reinforced the adoption of progressing cavity pumps, which are adept at handling tough, viscous, and abrasive fluids—whether for dosing chemicals, processing slurries, or metering shear-sensitive materials. Furthermore, increasingly stringent environmental regulations, especially around water treatment and energy efficiency, are catalyzing market expansion. With a highly fragmented market landscape and Asia‑Pacific emerging as both the largest and fastest-growing region, competition among manufacturers remains intense.

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Key Insights

• The market’s growth trajectory—from USD 2,451.9 M in 2024 to USD 3,700.1 M by 2032 at a 5.4% CAGR—is substantially fueled by demand in enhanced oil recovery, wastewater infrastructure, and power-generation applications.
• Asia‑Pacific leads both in size and pace, underscoring rapid industrialization and infrastructure expansion across economies like China and India.
• The fragmentation of the market incentivizes competitive differentiation through advanced materials and performance, as firms seek to capture niche segments.
• Regulatory and environmental pressures—especially in water treatment and energy efficiency—continue to drive investment in low-pulsation and precise metering pump solutions.
• Segment coverage highlights diverse use cases: from chemical dosing and abrasive slurries to shear-sensitive and viscous materials, showcasing the pump’s versatility.
• Emerging trends include expansion into power-generation roles, given surging electricity demand (e.g., 2.2% growth in 2023; projected 3.3% in 2024 by IEA), where progressing cavity pumps deliver performance and cost benefits.
• Companies are focusing on product innovation and strategic development, aligning pump designs with evolving industry needs—such as abrasive-slurry handling, variable flow rates, and chemical compatibility.
• The versatility of pump applications—from metering and dosing to sludge and chemical transfers—supports broad market penetration and operational resilience.
• With the market largely fragmented, leading players can capture value through consolidation and collaboration in high‑growth regions, especially for water/wastewater and power segments.
• The power generation sector, driven by global electricity demand and cost pressures, has emerged as a critical growth segment, with utilities increasingly opting for these pumps in upstream and auxiliary operations.

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U.S. Lubricant Oil Market: Steady Growth Amid Industry Transformation

The U.S. lubricant oil market continues to demonstrate resilience and steady growth despite significant industry transformations. Valued at USD 29.1 billion in 2024, the market is projected to expand at a compound annual growth rate (CAGR) of 3.1% during 2025-2032, reaching USD 36.7 billion by 2032. This consistent growth trajectory reflects the essential role lubricants play in maintaining America's vast industrial infrastructure and transportation systems.

Essential Foundation of Industrial Operations

Lubricant oils serve as the lifeblood of modern machinery, reducing friction, preventing wear, and ensuring optimal performance across countless applications. From automotive engines and industrial equipment to marine vessels and aircraft, lubricants are indispensable for maintaining the reliability and efficiency of mechanical systems. The U.S. market's substantial size reflects the country's extensive manufacturing base, transportation infrastructure, and energy production capabilities.

The automotive sector represents the largest segment of lubricant consumption, encompassing engine oils, transmission fluids, gear oils, and hydraulic fluids used across passenger vehicles, commercial trucks, and off-highway equipment. Despite the growing adoption of electric vehicles, the existing fleet of internal combustion engine vehicles continues to drive substantial demand for automotive lubricants. The average vehicle age in the United States remains above 12 years, ensuring continued maintenance requirements for traditional lubricants.

Industrial applications constitute another significant market segment, with manufacturing facilities, power generation plants, and processing industries requiring specialized lubricants to maintain equipment reliability. Heavy machinery used in construction, mining, and agriculture depends on high-performance lubricants to operate efficiently in demanding environments. The ongoing infrastructure investments and manufacturing reshoring initiatives are supporting sustained demand for industrial lubricants.

 

Technology Evolution and Product Innovation

The lubricant industry is experiencing significant technological advancement as manufacturers develop products that meet evolving performance requirements. Modern engines operate at higher temperatures and pressures while requiring extended drain intervals, demanding lubricants with superior thermal stability and oxidation resistance. Synthetic and semi-synthetic lubricants are gaining market share due to their enhanced performance characteristics and longer service life.

Environmental regulations are driving the development of more sustainable lubricant formulations. The industry is investing heavily in bio-based lubricants derived from renewable feedstocks, which offer comparable performance while reducing environmental impact. These environmentally friendly alternatives are particularly important for applications where lubricant spillage or disposal could affect sensitive ecosystems.

Additive technology represents another area of significant innovation, with companies developing advanced additive packages that enhance lubricant performance across multiple parameters. Anti-wear additives, antioxidants, corrosion inhibitors, and viscosity index improvers are being optimized to work synergistically, providing superior protection while extending equipment life.

 

Market Dynamics and Competitive Landscape

The U.S. lubricant market is characterized by intense competition among established players and emerging specialty manufacturers. Major integrated oil companies maintain significant market share through extensive distribution networks and brand recognition, while independent blenders focus on niche applications and customer-specific formulations. This competitive environment drives continuous innovation and ensures customers have access to products that meet their specific operational requirements.

Private labeling has become increasingly important as automotive retailers, equipment manufacturers, and industrial distributors seek to offer branded lubricant products. This trend is creating opportunities for contract manufacturers and specialty blenders who can provide customized formulations and packaging solutions.

E-commerce is transforming lubricant distribution channels, with online platforms enabling direct-to-consumer sales and streamlined procurement for commercial customers. Digital technologies are also improving inventory management and enabling predictive maintenance programs that optimize lubricant usage and replacement intervals.

 

Industry Challenges and Adaptation Strategies

The lubricant industry faces several challenges that are shaping market dynamics and growth strategies. The gradual transition to electric vehicles represents a long-term headwind for automotive lubricant demand, as electric motors require minimal lubrication compared to internal combustion engines. However, this transition is occurring gradually, and traditional vehicles will continue requiring lubricants for decades to come.

Raw material price volatility, particularly for base oils derived from petroleum refining, creates ongoing challenges for lubricant manufacturers. Companies are implementing hedging strategies and developing alternative feedstock sources to manage cost pressures while maintaining product quality and availability.

Regulatory compliance requirements continue to evolve, with environmental agencies implementing stricter standards for lubricant performance and disposal. Manufacturers must invest in research and development to ensure their products meet current and anticipated regulatory requirements while maintaining competitive pricing.

 

Growth Opportunities and Market Drivers

Several factors are supporting continued growth in the U.S. lubricant market despite industry headwinds. The ongoing infrastructure investment programs are driving demand for construction and heavy equipment lubricants. Manufacturing reshoring initiatives are supporting industrial lubricant consumption as companies establish new production facilities domestically.

The marine and aviation sectors continue to generate steady lubricant demand, with specialized products required for these applications commanding premium pricing. Military and defense applications also provide stable demand for high-performance lubricants that must meet stringent specifications.

Emerging applications in renewable energy systems, such as wind turbine gearboxes and solar tracking systems, are creating new market opportunities for specialized lubricants designed to operate reliably in challenging environments over extended periods.

 

Future Market Outlook

The projected growth to USD 36.7 billion by 2032 reflects the lubricant industry's ability to adapt and evolve while continuing to serve essential functions across the economy. While the rate of growth may be modest compared to emerging technology sectors, the market's stability and essential nature provide a solid foundation for sustained business operations.

Companies that successfully navigate the industry's transformation by investing in sustainable product development, optimizing distribution channels, and serving emerging applications will be well-positioned to capture growth opportunities in this mature but evolving market.

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U.S. Solid-State Battery Market Explodes: 1,400% Growth Expected by 2032

The U.S. solid-state battery market is on the verge of a revolutionary transformation that could reshape the energy storage landscape. With a market value of USD 65.5 million in 2024, the industry is projected to experience explosive growth at a compound annual growth rate (CAGR) of 40.1% during 2025-2032, ultimately reaching USD 963.8 million by 2032. This remarkable expansion represents one of the most dynamic growth stories in the advanced energy sector.

The Solid-State Battery Revolution

Solid-state batteries represent a paradigm shift from conventional lithium-ion technology, replacing liquid electrolytes with solid ceramic or polymer materials. This fundamental change addresses many of the safety, performance, and longevity issues that have limited traditional battery applications. The technology promises significantly higher energy density, faster charging capabilities, extended lifespan, and enhanced safety profiles that eliminate risks of thermal runaway and fire hazards.

The U.S. market is positioned to lead this technological revolution, driven by substantial investments from both government agencies and private corporations. Major automotive manufacturers, consumer electronics companies, and energy storage system providers are aggressively pursuing solid-state battery development to gain competitive advantages in their respective markets. The technology's potential to deliver game-changing improvements in performance metrics is creating unprecedented excitement across multiple industries.

Key Market Drivers Accelerating Adoption

The electric vehicle industry serves as the primary catalyst for solid-state battery market growth. Automakers are desperately seeking battery technologies that can deliver longer driving ranges, faster charging times, and improved safety profiles to accelerate consumer adoption of electric vehicles. Solid-state batteries offer the potential to achieve 1000-mile ranges on a single charge while reducing charging times to minutes rather than hours, addressing the two most significant consumer concerns about electric vehicle ownership.

Government support through initiatives like the Infrastructure Investment and Jobs Act and the Inflation Reduction Act is providing substantial funding for advanced battery research and manufacturing capabilities. The Biden administration's commitment to achieving 50% electric vehicle adoption by 2030 has created urgency around developing next-generation battery technologies that can support this ambitious goal.

Consumer electronics manufacturers are also driving demand for solid-state batteries to enable thinner, lighter devices with longer battery life. Smartphones, laptops, wearable devices, and other portable electronics could benefit significantly from the improved energy density and safety characteristics of solid-state technology. The Internet of Things expansion and the proliferation of connected devices are creating additional demand for compact, reliable energy storage solutions.

Technological Breakthroughs and Innovation

Recent breakthroughs in solid electrolyte materials have overcome many of the manufacturing challenges that previously limited solid-state battery commercialization. Advances in ceramic and polymer electrolyte technologies have improved ion conductivity while maintaining the safety and stability advantages of solid-state designs. Companies are developing scalable manufacturing processes that can produce solid-state batteries at competitive costs compared to traditional lithium-ion alternatives.

Silicon nanowire anodes and lithium metal cathodes are being optimized specifically for solid-state applications, enabling energy densities that exceed current lithium-ion batteries by 50-100%. These improvements translate directly into longer device operation times and extended electric vehicle ranges that could eliminate range anxiety entirely.

Manufacturing innovation is equally important, with companies developing roll-to-roll production techniques and automated assembly processes that can scale to meet anticipated demand. These manufacturing advances are crucial for achieving the cost reductions necessary to make solid-state batteries competitive across mass-market applications.

Industry Applications and Market Segments

The automotive sector represents the largest opportunity for solid-state battery adoption, with electric vehicle manufacturers planning to integrate the technology into premium models initially before expanding to mainstream vehicles. Companies like Toyota, BMW, and Ford have announced solid-state battery development programs with commercial deployment timelines in the mid-to-late 2020s.

Energy storage systems for renewable energy applications represent another significant growth opportunity. Solid-state batteries' improved safety characteristics make them ideal for residential and commercial energy storage installations where fire safety is paramount. The technology's extended lifespan could significantly reduce the total cost of ownership for grid-scale energy storage projects.

Aerospace and defense applications are driving demand for solid-state batteries that can operate reliably in extreme environments. The technology's stability across wide temperature ranges and resistance to vibration make it particularly suitable for satellite systems, military equipment, and aerospace applications where reliability is critical.

Manufacturing and Supply Chain Considerations

The rapid market growth is driving substantial investments in U.S. manufacturing capacity for solid-state batteries. Companies are establishing production facilities to reduce dependence on foreign supply chains while creating domestic employment opportunities. These investments are supported by government incentives designed to strengthen America's position in advanced battery manufacturing.

Supply chain localization is becoming increasingly important as companies seek to secure access to critical materials and components. The solid-state battery industry is developing relationships with domestic suppliers of lithium, ceramic materials, and specialized manufacturing equipment to ensure reliable production capacity.

Future Market Outlook and Challenges

The projected growth from $65.5 million to nearly $1 billion represents one of the most aggressive expansion scenarios in the technology sector. This growth trajectory reflects the transformative potential of solid-state battery technology across multiple applications and industries.

However, significant challenges remain, including achieving cost parity with existing lithium-ion technology, scaling manufacturing processes, and ensuring consistent performance across diverse operating conditions. Companies that successfully navigate these challenges while maintaining technological leadership will capture the largest market opportunities in this rapidly expanding sector.

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