Construction Market Summary
As per Market Research Future Analysis, the global construction market was valued at USD 12,878.29 Billion in 2024 and is projected to grow to USD 20,298.08 Billion by 2035, with a CAGR of 4.23% from 2025 to 2035. The growth is driven by increasing population demands for housing, schools, and hospitals, alongside government infrastructure spending and technological advancements in construction practices.
Key Market Trends & Highlights
Key trends influencing the construction market include population growth, economic expansion, and technological integration.
- The construction market is expected to reach USD 13,413.27 Billion in 2025.
- Heavy and civil engineering construction dominated the market in 2022.
- Private sector construction generated the most revenue in 2022.
- The Asia-Pacific region is anticipated to grow at the fastest CAGR from 2023 to 2032.
Market Size & Forecast
2024 Market Size | USD 12,878.29 Billion |
2025 Market Size | USD 13,413.27 Billion |
2035 Market Size | USD 20,298.08 Billion |
CAGR (2025-2035) | 4.23% |
Major Players
Key players include Grupo ACS, Lennar Corporation, D.R. Horton, Inc., Bouygues S.A., Power Construction Corp. of China, CIMIC Group, Shimizu Corporation, Lendlease Group, CapitaLand Limited, and Tata Projects Ltd.