Construction Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The Construction Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Construction Market?
The size of the construction market has seen significant expansion in the recent past. Its projected growth is from $16152.39 billion in 2024 to $17045.95 billion in 2025, representing a compound annual growth rate (CAGR) of 5.5%. Factors contributing to this progression during the historic period include increased infrastructure development, a rise in renovation activities, a rapid increase in the elderly population, and accelerated domestic manufacturing.

We can anticipate a robust expansion in the construction market over the upcoming years, with projections indicating that it will reach a market value of $21260.28 billion in 2029, thanks to a compound annual growth rate (CAGR) of 5.7%. Several factors will contribute to this growth during the forecast period, including urbanization, population increase, government support, industrialization boost, and the rise of smart cities. Noteworthy trends during this period will encompass the adoption of automated construction machinery, the use of construction equipment vehicles, the enhancement of high-performance machinery, digital platform integration, application of ground-breaking solutions, the deployment of artificial intelligence (AI) and machine learning, as well as strategic alliances and partnerships. Other significant trends will include the initiation of an innovation network, the launch of entirely electric construction machinery, technological progress, and new suburban area lot development.

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What Are the Different Construction Market Segments?
The construction market covered in this report is segmented -

1) By Type Of Construction: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development
2) By Type Of Contractor: Large Contractor, Small Contractor
3) By End-Use Sector: Public, Private

Subsegments:
1) By Buildings Construction: Residential Buildings, Commercial Buildings, Institutional Buildings, Industrial Buildings
2) By Heavy and Civil Engineering Construction: Highways and Roads, Bridges, Railways, Utilities and Infrastructure
3) By Specialty Trade Contractors: Electrical Contractors, Plumbing, Heating, and Air-Conditioning Contractors, Roofing Contractors, Flooring Contractors
4) By Land Planning and Development: Site Development, Land Subdivision, Urban Planning, Environmental Planning

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What Are the Primary Drivers Shaping the Construction Market?
The surge in global construction activities is anticipated to drive the expansion of the construction market in the future. Countries such as China, Brazil, India, Saudi Arabia, and Indonesia experienced vigorous construction activity and are considered emerging markets. This rise in construction actions enhances the demand for construction-related services and supplies; hence, fostering the development of the construction market. To illustrate, the Office for National Statistics, based in the UK, reported in February 2023 that the annual construction yield had risen by 5.6% in 2022 compared to 2021, succeeding a historic 12.8% increase in 2021. This swift development in construction activities has hence, positively impacted the construction market's growth.

Which Companies Are Leading in the Construction Market?
Major companies operating in the construction market include China State Construction Engineering Co., Ltd, China Railway Group Ltd, China Railway Construction Corporation Limited, China Communications Construction Group Ltd, Vinci S.A., Grupo ACS, Lennar Corporation, D.R. Horton, Inc., Bouygues S.A., Power Construction Corp. Of China, CIMIC Group, Shimizu Corporation, Lendlease Group, CapitaLand Limited, L&T Engineering & Construction Division, Tata Projects Ltd, Hindustan Construction Company, Yunnan Zhiling Construction Engineering Co., Ltd., Zhejiang Yijian Construction Group Co, Zeppelin GmbH, SGS, Interconstruct, Etex, Anker Hansen & Co. A/S, Christiansen & Essenbæk A/S, C.C. Contractor A/S, EKE-Construction Ltd, Colas Group, Eiffage Construction, Bauer Group, Bennett Construction Limited, Collen Construction Limited, Casais Group, Balfour Beatty, Laing O' Rourke, Interserve, Morgan Sindall, Kier, Altaca Group, Renaissance Construction, ALFA Engineering & Construction Co, Budimex Group, STRABAG International GmbH, BeautyWalls LLC, SC Geamuri Serv SRL, Octagon Contracting & Engineering SA, PCL Construction, EllisDon Corporation, Aecon Group Incorporated, Ledcor Group of Companies, Graham Construction, Pomerleau Incorporated, Bird Construction Incorporated, Empresas ICA, Bechtel, Fluor Corporation, Turner Corporation, Skanska USA, Kiewit Corporation, Jacobs Engineering Group, Oderbrecht, Camargo Corrêa, Andrade Gutierrez, Queiroz Galvão, MRV Engenharia, SalfaCorp, Mourik General Contractors, McCrory Construction Company, Al Habtoor Group LLC, Al-Naboodah Constructing, Arabian Construction Company, Dutco Balfour Beatty LLC, SHIKUN & BINUI LTD, Mekorot Water Company Ltd, DANYA CEBUS LTD, ASHTROM GROUP LTD, Saudi Bin Ladin Group, Al-Rashid Trading & Contracting Co, Al Ayuni Investment & Contracting Co, Al Harbi Trading & Contracting Co, Arabian Bemco Contracting Co, Redcon Construction Company, Estim Construction Co. Ltd, Eco-Beam, Ecomo, TSAI design studio

What Are the Major Trends Shaping the Construction Market?
Construction firms engaged with building development are progressively adopting eco-friendly construction methods to establish energy-saving structures and trim down construction expenditures. The said approach, known as Green Construction, involves the utilization of sustainable materials and procedures during the construction process to establish energy-saving structures with minimal environmental damage. The World Green Building Trends Survey reveals that approximately 60% of global construction firms were engaged in eco-friendly construction projects. Certifications like Leadership in Energy and Environmental Design (LEED) supports construction firms in producing high-quality, sustainable residential and commercial buildings whilst presenting a range of advantages from tax concessions to promotional opportunities. The construction industry in the UK is increasingly adopting the use of eco-friendly construction materials such as natural paints and recycled steel beams. Moreover, other environmentally friendly construction practices such as cross-ventilation for more organic surroundings, green construction software like Construction Suite for maintaining green compliance, and the Green Globes management instrument are also being implemented in the construction sector. Recognized companies utilizing eco-friendly construction methods including Turner Construction Co, Clark Group, AECOM, Hensel Phelps, and Holder Construction all epitomize this growing trend.

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What Are the Top Revenue-Generating Geographies in the Construction Market?
Asia-Pacific was the largest region in the construction market in 2024. North America was the second-largest region in the construction market. The regions covered in the construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Construction Market?
2. What is the CAGR expected in the Construction Market?
3. What Are the Key Innovations Transforming the Construction Industry?
4. Which Region Is Leading the Construction Market?

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