Construction Market Size 2024-2028
The construction market size is forecast to increase by USD 1,179.2 billion, at a CAGR of 5.31% between 2023 and 2028.
- The market is experiencing significant growth, driven by increased investment in infrastructure development and the emergence of smart cities. With a focus on sustainable and efficient building designs, the industry is embracing advanced frameworks and models to optimize planning, securing permissions, and site preparation.
- Raw resources remain a crucial challenge in the construction market, as the industry grapples with the lack of workforce to execute excavation and foundation work, as well as framing and other critical stages of building projects. Addressing these challenges through innovation and collaboration will be essential to maintaining the momentum of the market's growth trajectory.
What will be the Size Construction Market During the Forecast Period?

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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
- 5.1 Global Construction Market 2018 - 2022
- Historic Market Size - Data Table on Global Construction Market 2018 - 2022 ($ billion)
- 5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- 5.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
- 5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI on the Global Construction Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Buildings construction - Market size and forecast 2023-2028
- Chart on Buildings construction - Market size and forecast 2023-2028 ($ billion)
- Data Table on Buildings construction - Market size and forecast 2023-2028 ($ billion)
- Chart on Buildings construction - Year-over-year growth 2023-2028 (%)
- Data Table on Buildings construction - Year-over-year growth 2023-2028 (%)
- 8.4 Heavy and civil engineering construction - Market size and forecast 2023-2028
- Chart on Heavy and civil engineering construction - Market size and forecast 2023-2028 ($ billion)
- Data Table on Heavy and civil engineering construction - Market size and forecast 2023-2028 ($ billion)
- Chart on Heavy and civil engineering construction - Year-over-year growth 2023-2028 (%)
- Data Table on Heavy and civil engineering construction - Year-over-year growth 2023-2028 (%)
- 8.5 Land planning and development - Market size and forecast 2023-2028
- Chart on Land planning and development - Market size and forecast 2023-2028 ($ billion)
- Data Table on Land planning and development - Market size and forecast 2023-2028 ($ billion)
- Chart on Land planning and development - Year-over-year growth 2023-2028 (%)
- Data Table on Land planning and development - Year-over-year growth 2023-2028 (%)
- 8.6 Specialty trade contractors - Market size and forecast 2023-2028
- Chart on Specialty trade contractors - Market size and forecast 2023-2028 ($ billion)
- Data Table on Specialty trade contractors - Market size and forecast 2023-2028 ($ billion)
- Chart on Specialty trade contractors - Year-over-year growth 2023-2028 (%)
- Data Table on Specialty trade contractors - Year-over-year growth 2023-2028 (%)
- 8.7 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by End-user
- 9.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
- 9.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 9.3 Private sector - Market size and forecast 2023-2028
- Chart on Private sector - Market size and forecast 2023-2028 ($ billion)
- Data Table on Private sector - Market size and forecast 2023-2028 ($ billion)
- Chart on Private sector - Year-over-year growth 2023-2028 (%)
- Data Table on Private sector - Year-over-year growth 2023-2028 (%)
- 9.4 Public sector - Market size and forecast 2023-2028
- Chart on Public sector - Market size and forecast 2023-2028 ($ billion)
- Data Table on Public sector - Market size and forecast 2023-2028 ($ billion)
- Chart on Public sector - Year-over-year growth 2023-2028 (%)
- Data Table on Public sector - Year-over-year growth 2023-2028 (%)
- 9.5 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
10 Market Segmentation by Contractor Type
- 10.1 Market segments
- Chart on Contractor Type - Market share (2023-2028) (%)
- Data Table on Contractor Type - Market share (2023-2028) (%)
- 10.2 Comparison by Contractor Type
- Chart on Comparison by Contractor Type
- Data Table on Comparison by Contractor Type
- 10.3 Large Contractor - Market size and forecast (2023-2028)
- Chart on Large Contractor - Market size and forecast (2023-2028) ($ million)
- Data Table on Large Contractor - Market size and forecast (2023-2028) ($ million)
- Chart on Large Contractor - Year-over-year growth (2023-2028) (%)
- Data Table on Large Contractor - Year-over-year growth (2023-2028) (%)
- 10.4 Small Contractor - Market size and forecast (2023-2028)
- Chart on Small Contractor - Market size and forecast (2023-2028) ($ million)
- Data Table on Small Contractor - Market size and forecast (2023-2028) ($ million)
- Chart on Small Contractor - Year-over-year growth (2023-2028) (%)
- Data Table on Small Contractor - Year-over-year growth (2023-2028) (%)
- 10.5 Market opportunity by Contractor Type
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 12.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 12.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 12.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 12.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 12.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 12.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 12.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 12.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 12.12 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 12.13 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 12.14 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ billion)
- Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 12.15 South Korea - Market size and forecast 2023-2028
- Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
- Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
- Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Data Table on South Korea - Year-over-year growth 2023-2028 (%)
- 12.16 Brazil - Market size and forecast 2023-2028
- Chart on Brazil - Market size and forecast 2023-2028 ($ billion)
- Data Table on Brazil - Market size and forecast 2023-2028 ($ billion)
- Chart on Brazil - Year-over-year growth 2023-2028 (%)
- Data Table on Brazil - Year-over-year growth 2023-2028 (%)
- 12.17 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 12.18 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity/Restraints
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 13.4 Market opportunities/restraints
14 Competitive Landscape
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 ACS Actividades de Construccion Y Servicios SA
- ACS Actividades de Construccion Y Servicios SA - Overview
- ACS Actividades de Construccion Y Servicios SA - Business segments
- ACS Actividades de Construccion Y Servicios SA - Key offerings
- ACS Actividades de Construccion Y Servicios SA - Segment focus
- SWOT
- 15.5 AECOM
- AECOM - Overview
- AECOM - Business segments
- AECOM - Key news
- AECOM - Key offerings
- AECOM - Segment focus
- SWOT
- 15.6 BAUER AG
- BAUER AG - Overview
- BAUER AG - Business segments
- BAUER AG - Key offerings
- BAUER AG - Segment focus
- SWOT
- 15.7 Bechtel Corp.
- Bechtel Corp. - Overview
- Bechtel Corp. - Product / Service
- Bechtel Corp. - Key news
- Bechtel Corp. - Key offerings
- SWOT
- 15.8 Bouygues Construction SA
- Bouygues Construction SA - Overview
- Bouygues Construction SA - Product / Service
- Bouygues Construction SA - Key offerings
- SWOT
- 15.9 China State Construction Engrg. Corp. Ltd.
- China State Construction Engrg. Corp. Ltd. - Overview
- China State Construction Engrg. Corp. Ltd. - Business segments
- China State Construction Engrg. Corp. Ltd. - Key offerings
- China State Construction Engrg. Corp. Ltd. - Segment focus
- SWOT
- 15.10 Fluor Corp.
- Fluor Corp. - Overview
- Fluor Corp. - Business segments
- Fluor Corp. - Key news
- Fluor Corp. - Key offerings
- Fluor Corp. - Segment focus
- SWOT
- 15.11 Hindustan Construction Co. Ltd
- Hindustan Construction Co. Ltd - Overview
- Hindustan Construction Co. Ltd - Product / Service
- Hindustan Construction Co. Ltd - Key offerings
- SWOT
- 15.12 Jacobs Solutions Inc.
- Jacobs Solutions Inc. - Overview
- Jacobs Solutions Inc. - Product / Service
- Jacobs Solutions Inc. - Key offerings
- SWOT
- 15.13 Larsen and Toubro Ltd.
- Larsen and Toubro Ltd. - Overview
- Larsen and Toubro Ltd. - Business segments
- Larsen and Toubro Ltd. - Key news
- Larsen and Toubro Ltd. - Key offerings
- Larsen and Toubro Ltd. - Segment focus
- SWOT
- 15.14 Lendlease Corp. Ltd.
- Lendlease Corp. Ltd. - Overview
- Lendlease Corp. Ltd. - Business segments
- Lendlease Corp. Ltd. - Key offerings
- Lendlease Corp. Ltd. - Segment focus
- SWOT
- 15.15 PCL Constructors Inc.
- PCL Constructors Inc. - Overview
- PCL Constructors Inc. - Product / Service
- PCL Constructors Inc. - Key offerings
- SWOT
- 15.16 Skanska AB
- Skanska AB - Overview
- Skanska AB - Business segments
- Skanska AB - Key offerings
- Skanska AB - Segment focus
- SWOT
- 15.17 Turner Construction Co.
- Turner Construction Co. - Overview
- Turner Construction Co. - Product / Service
- Turner Construction Co. - Key offerings
- SWOT
- 15.18 Vinci
- Vinci - Overview
- Vinci - Business segments
- Vinci - Key offerings
- Vinci - Segment focus
- SWOT
16 Appendix
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
- List of abbreviations
- o Strong operational management
- o Stable customer base
- o Efficient operational processes
- o Stable customer base
- o Stable customer base
- o Stable market performance
- o Growing demand for the market
- o Stable market performance
- o Efficient operational processes
- o Stable customer base
- o Efficient operational processes