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Global Construction Market Size, Share, Outlook, Forecast: By End Use: Commercial, Residential, Industrial, Education and Research, Medical and Healthcare, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Construction Market Share
The commercial sector drives growth in the global construction industry market size by creating spaces for businesses to operate, thereby boosting local economies.
Commercial construction fosters job creation, economic growth, and urban landscape improvement. It elevates property values, generates tax revenues, and offers modern amenities, enhancing local services, attracting tourists, fostering community, and presenting business opportunities.
According to Statistics Canada, non-residential construction increased by 0.6% to $49.8 billion in 2023, marking two consecutive yearly rises.
Residential construction satisfies increasing housing demands, creates new neighbourhoods, promotes social cohesion, and boosts local economies through related services and trades. It facilitates homeownership, addresses affordable housing needs, and offers energy-efficient homes. Moreover, it enhances local infrastructure, diversifies housing options, stimulates real estate market growth, and expands the local tax base through property taxes.
According to ABS, new residential construction values surged by 19.4% in Australia in January 2024, reaching a total of $7.14 billion.
Industrial construction spurs local and regional economic expansion, offering construction and sustained job prospects. It amplifies manufacturing capacities, refines logistics, and fortifies local infrastructure. Integrating advanced technologies amplifies export potential, yields substantial tax revenues, promotes community investments, and advocates sustainable practices.
As per the World Bank in 2022, the industrial sector (inclusive of construction) contributed 53.2% to Saudi Arabia's GDP.
Education and research construction fosters academic and research advancement, offers spaces for public engagement, and creates employment in both construction and academia. It yields lasting societal advantages through education, drives technological innovation, improves access to quality educational facilities, and strengthens research capabilities. Moreover, it stimulates local economies, draws students and professionals, and modernizes educational infrastructure and resources.
According to the Australian Bureau of Statistics, there were 4,086,998 students enrolled in 9,629 schools across Australia in 2023.
Medical and healthcare infrastructure development boosts accessibility to contemporary medical amenities, enriches community health and welfare, and generates employment opportunities in construction and healthcare domains. It furnishes cutting-edge medical resources and technology, spurs economic growth through healthcare expenditure, delivers specialized medical care, fosters medical advancement and exploration, and facilitates venues for community health initiatives. Moreover, it enhances emergency and intensive care facilities while advocating for sustainable and environmentally conscious healthcare methodologies.
In 2019, statistics from the Central Bureau of Health Intelligence (CBHI) revealed a combined count of 23,581 Government Hospitals and 22 Central Government Hospitals.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Construction Market Analysis
8.1 Key Industry Highlights
8.2 Global Construction Historical Market (2018-2023)
8.3 Global Construction Market Forecast (2024-2032)
8.4 Global Construction Market by End-Use
8.4.1 Commercial
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Residential
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Industrial
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Education and Research
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Medical and Healthcare
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Construction Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Construction Market Analysis
9.1 Market by End-Use
9.2 Market by Country
9.2.1 United States of America
9.2.1.1 Historical Trend (2018-2023)
9.2.1.2 Forecast Trend (2024-2032)
9.2.2 Canada
9.2.2.1 Historical Trend (2018-2023)
9.2.2.2 Forecast Trend (2024-2032)
10 Europe Construction Market Analysis
10.1 Market by End-Use
10.2 Market by Country
10.2.1 United Kingdom
10.2.1.1 Historical Trend (2018-2023)
10.2.1.2 Forecast Trend (2024-2032)
10.2.2 Germany
10.2.2.1 Historical Trend (2018-2023)
10.2.2.2 Forecast Trend (2024-2032)
10.2.3 France
10.2.3.1 Historical Trend (2018-2023)
10.2.3.2 Forecast Trend (2024-2032)
10.2.4 Italy
10.2.4.1 Historical Trend (2018-2023)
10.2.4.2 Forecast Trend (2024-2032)
10.2.5 Others
11 Asia Pacific Construction Market Analysis
11.1 Market by End-Use
11.2 Market by Country
11.2.1 China
11.2.1.1 Historical Trend (2018-2023)
11.2.1.2 Forecast Trend (2024-2032)
11.2.2 Japan
11.2.2.1 Historical Trend (2018-2023)
11.2.2.2 Forecast Trend (2024-2032)
11.2.3 India
11.2.3.1 Historical Trend (2018-2023)
11.2.3.2 Forecast Trend (2024-2032)
11.2.4 ASEAN
11.2.4.1 Historical Trend (2018-2023)
11.2.4.2 Forecast Trend (2024-2032)
11.2.5 South Korea
11.2.5.1 Historical Trend (2018-2023)
11.2.5.2 Forecast Trend (2024-2032)
11.2.6 Australia
11.2.6.1 Historical Trend (2018-2023)
11.2.6.2 Forecast Trend (2024-2032)
11.2.7 Others
12 Latin America Construction Market Analysis
12.1 Market by End-Use
12.2 Market by Country
12.2.1 Brazil
12.2.1.1 Historical Trend (2018-2023)
12.2.1.2 Forecast Trend (2024-2032)
12.2.2 Argentina
12.2.2.1 Historical Trend (2018-2023)
12.2.2.2 Forecast Trend (2024-2032)
12.2.3 Mexico
12.2.3.1 Historical Trend (2018-2023)
12.2.3.2 Forecast Trend (2024-2032)
12.2.4 Others
13 Middle East and Africa Construction Market Analysis
13.1 Market by End-Use
13.2 Market by Country
13.2.1 Saudi Arabia
13.2.1.1 Historical Trend (2018-2023)
13.2.1.2 Forecast Trend (2024-2032)
13.2.2 United Arab Emirates
13.2.2.1 Historical Trend (2018-2023)
13.2.2.2 Forecast Trend (2024-2032)
13.2.3 Nigeria
13.2.3.1 Historical Trend (2018-2023)
13.2.3.2 Forecast Trend (2024-2032)
13.2.4 South Africa
13.2.4.1 Historical Trend (2018-2023)
13.2.4.2 Forecast Trend (2024-2032)
13.2.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 HOCHTIEF Aktiengesellschaft
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 VINCI SA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 China Communications Construction Company Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Bouygues SA
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 STRABAG International GmbH
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Power Construction Corporation of China
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 China State Construction Engrg. Corp. Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Skanska AB
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Ferrovial SE
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Fluor Corporation
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 PCL Constructors Inc.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Eiffage S.A. (Eiffage Construction)
15.2.13.1 Company Overview
15.2.13.2 Product Portfolio
15.2.13.3 Demographic Reach and Achievements
15.2.13.4 Certifications
15.2.14 Bechtel Corporation
15.2.14.1 Company Overview
15.2.14.2 Product Portfolio
15.2.14.3 Demographic Reach and Achievements
15.2.14.4 Certifications
15.2.15 Kiewit Corporation
15.2.15.1 Company Overview
15.2.15.2 Product Portfolio
15.2.15.3 Demographic Reach and Achievements
15.2.15.4 Certifications
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Construction Market: Key Industry Highlights, 2018 and 2032
2. Global Construction Historical Market: Breakup by End-Use (USD Million), 2018-2023
3. Global Construction Market Forecast: Breakup by End-Use (USD Million), 2024-2032
4. Global Construction Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Construction Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Construction Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Construction Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Construction Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Construction Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Construction Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Construction Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Construction Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Construction Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Construction Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Construction Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Construction Market Structure
Key Questions Answered in the Report
The market was valued at USD 13.57 trillion in 2023.
The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The revenue generated from the construction market is expected to reach USD 23.92 trillion in 2032.
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.
Analyst Review
The global construction market attained a value of USD 13.57 trillion in 2023, driven by growing expenditure on infrastructure projects by governments. Aided by the rapid urbanisation and increasing modernisation of ageing infrastructure, the market is projected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.5% to attain approximately USD 23.92 trillion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on end use, the global construction market can be segmented into commercial, residential, industrial, education and research, and medical and healthcare, among others. The major regional markets for construction are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific, with Latin America. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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