Top 10 Companies in the Global Construction Market

ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A., HOCHTIEF Aktiengesellschaft, VINCI SA, China Communications Construction Company Limited, Bouygues SA, STRABAG International GmbH, Power Construction Corporation of China, China State Construction Engrg. Corp. Ltd., Skanska AB, Ferrovial SE, Fluor Corporation, PCL Constructors Inc., Eiffage S.A. (Eiffage Construction), Bechtel Corporation, and Kiewit Corporation, are the major players in the global construction market. 

The global construction market reached a value of about USD 13.57 trillion in 2023. The market is projected to grow at a CAGR of 6.5% in the forecast period of 2024-2032 to reach around USD 23.92 trillion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the rapid urbanisation and growing infrastructural developments.

Construction involves the creation of residential, commercial, and institutional structures such as bridges, buildings, and roads, using materials like clay, stone, timber, and concrete. It's a multifaceted industry encompassing planning, design, and execution, starting with conceptualisation and feasibility studies. Collaboration among architects, engineers, contractors, and stakeholders ensures adherence to safety and sustainability standards. From procurement to execution, construction projects vary in scale and complexity, shaping the built environment while adhering to regulatory requirements and embracing innovative practices.

Rapid urbanisation is fuelling the global construction market growth. As more people migrate to urban areas in search of improved living standards and job prospects, the demand for new infrastructure such as roads, commercial buildings, and residential housing is on the rise.

There is a noticeable trend towards green construction and eco-conscious practices. Construction projects are increasingly utilising green materials such as low-VOC paints, sustainable wood substitutes, recycled steel, and energy-efficient insulation. These measures aim to boost energy efficiency, reduce carbon emissions, and enhance indoor air quality.

The global construction market is experiencing increased demand, propelled by the time-saving benefits of technological advancements such as Building Information Modeling (BIM), laser scanning, 3D printing, and smart building systems. Stakeholders including contractors and builders are integrating digital technologies like artificial intelligence (AI), advanced analytics (AA), and machine learning (ML) to achieve better business results and address challenges such as labour shortages, further bolstering the market's growth prospects.

Top 10 Construction Companies in the World:

ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A.

The ACS Group, a global leader in construction, concessions, and services, plays a vital role in key economic sectors worldwide. Committed to the advancement of societies, it thrives through efficient organisation and dynamic management, driven by mergers, acquisitions, and strategic plans. Operating in a complex, competitive landscape, ACS adapts its strategy to seize opportunities and mitigate risks, fostering sustainable development and maximising shareholder profitability. With a diverse global presence and focus on shared value creation, ACS ensures sustainable and profitable growth for all stakeholders.

HOCHTIEF Aktiengesellschaft

HOCHTIEF, a globally renowned infrastructure group, excels in construction, services, and concessions/PPP. With a century-long legacy, it shapes the world through iconic projects like the Gotthard Tunnel and Madison Square Garden. Upholding values of integrity, innovation, and sustainability, HOCHTIEF operates across Australia, North America, and Europe. The company's success hinges on the knowledge and dedication of its employees, offering fulfilling careers and pioneering solutions worldwide. Through its divisions in Europe, Americas, and Asia Pacific, and a stake in Abertis, HOCHTIEF continues to lead in global infrastructure development.

VINCI SA

VINCI, a global leader in concessions, energy, and construction, operates in over 120 countries with 260,000 employees. Committed to addressing climate change, the company focuses on transforming living environments, infrastructure, and mobility while promoting social progress. The approach emphasises sustainability and inclusivity, driven by economic performance and employee engagement. Through public-private partnerships, the company develops transport infrastructure and public facilities, contributing to mobility and regional development. VINCI Energies and Cobra IS specialise in ICT, energy, industrial performance, and building maintenance. The merger of VINCI Construction and Eurovia forms a division with vast expertise in building, civil engineering, and infrastructure.    

China Communications Construction Company Limited

Based in Beijing, China Communications Construction Company Limited (CCCC) is a global leader in ultra-large infrastructure services, spanning transportation, equipment manufacturing, real estate, and urban development. Listed on the Hong Kong and Shanghai stock exchanges, CCCC provides comprehensive solutions including investment, financing, consulting, planning, design, construction, and management. Ranked 61st in the Fortune Global 500, CCCC holds various world records including the largest port and highway construction firms. With over 60 subsidiaries, it continues to pioneer industries in China, representing excellence in international engineering contracting and expressway investment.

Bouygues SA

Established in 1952 by Francis Bouygues, Bouygues is a diversified services group with 200,000 employees across 80 countries. Its construction, energy, media, and telecom arms cater to evolving needs worldwide. Leading in French media and digital telecom technologies, Bouygues aligns with the Paris Agreement, aiming to reduce its carbon footprint. With a strong ownership structure and commitment to innovation, Bouygues strives to enhance lives globally through its array of essential services and solutions.

STRABAG International GmbH

The STRABAG Group, represented by its subsidiaries STRABAG International GmbH and ZÜBLIN International GmbH, specialises in transportation infrastructures, building construction, and civil engineering projects globally. From roads and railways to bridges and tunnels, STRABAG offers customised solutions to meet diverse client needs. Operating within a robust network, the group prioritises professionalism and technical excellence, ensuring both technical execution and economic efficiency in every project.

Power Construction Corporation of China

POWERCHINA, an integrated construction group, specialises in clean energy, water resources, and infrastructure projects. With expertise in hydroelectricity and power, it extends its services to diverse sectors including civil engineering, construction, and environmental management. Operating globally in over 130 countries, POWERCHINA delivers industry-leading projects, drawing interest from worldwide clients.    

China State Construction Engrg. Corp. Ltd.

Established in 1982, China State Construction Engineering Corporation (CSCEC) is a global investment and construction group, publicly traded as China State Construction Engineering Corporation Ltd. (Stock code: 601668.SH). With over 100 subsidiaries and eight listed companies, CSCEC is China's largest construction and real estate conglomerate, specialising in housing, infrastructure, and international contracting. Renowned for its landmark projects worldwide, CSCEC upholds a reputation for excellence and quality service, making it a leader in China's construction industry and a top international contractor.

Skanska AB

Skanska Group, established over 135 years ago, is a global leader in development and construction, generating SEK 159 billion in revenue in 2020. Operating in key markets across the Nordics, Europe, and the United States, with a team of over 32,000 experts, the company specialises in creating innovative and sustainable solutions for healthy living. From pioneering concrete manufacturing in Sweden to building smart homes and infrastructure worldwide, Skanska remain committed to founding values of innovation, quality, safety, and ethical practices.

Ferrovial SE

Ferrovial, a top infrastructure operator, prioritises sustainable solutions. With over 24,191 employees globally and a presence in six key markets, it's listed on Spain's IBEX 35 Index and esteemed sustainability indices like Dow Jones Sustainability Index and FTSE4Good. Operating through Toll Roads, Airports, Construction, and Energy divisions, Ferrovial specialises in toll road management, airport investment, construction of civil engineering projects, and energy solutions catering to current and future market needs.