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Report Overview
The construction market size reached a value of approximately USD 13.57 Trillion in 2024. The market is projected to grow at a CAGR of 6.50% between 2025 and 2034, reaching a value of around USD 25.47 Trillion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Construction Market Growth
Construction involves the creation of various infrastructures, including bridges, buildings, roads, and other structures, for commercial, institutional, or residential purposes. Modern construction utilises a range of materials such as clay, stone, timber, brick, concrete, metals, and plastics. The global construction market is growing rapidly due to increasing urbanisation and population growth, driving the demand for new residential, commercial, and infrastructure projects worldwide boosting the global construction market.
Construction Market Report Snapshots
Construction Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market size of construction industry was valued at USD 13.57 Trillion in 2024.
The market is projected to grow at a CAGR of 6.50% between 2025 and 2034.
The revenue generated from the construction market is expected to reach USD 25.47 Trillion in 2034.
The increasing adoption of building information modelling (BIM), the rise of modular construction, emphasis on green building practices, technological advancements and automation are the major trends impacting the construction industry growth rate.
The market is categorised according to the end use, which includes commercial, residential, industrial, education and research, medical and healthcare and others.
The market key players are ACS, ACTIVIDADES DE CONSTRUCCIÓN 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.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The Asia-Pacific region is the fastest-growing region in the global Construction market, driven by rising demand across industrial, automotive, and power sectors.
The construction sector presents extensive prospects for advancing innovation, fostering sustainable progress, and expanding infrastructure.
Factors such as economic downturns, regulatory obstacles, and fluctuations in material expenses serve as constraints on the demand for the construction sector.
The top five companies in the construction market are Fluor Corporation, PCL Constructors Inc., Eiffage S.A. (Eiffage Construction), Bechtel Corporation, and Kiewit Corporation.
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