Construction Market Report 2026

Construction Market Overview

• Construction market size has reached to $16456.84 billion in 2025 • Expected to grow to $21735.71 billion in 2030 at a compound annual growth rate (CAGR) of 5.9% • Growth Driver: Rising Construction Activities Fueling Growth Of Construction Market • Market Trend: Automated Service Center Ushers In Efficiency And Sustainability In Odisha's Construction Sector • Asia-Pacific was the largest region in 2025 and North America is the fastest growing region.

What Is Covered Under Construction Market?

Construction is the process of building, altering, repairing, improving, or demolishing any structures or buildings using a detailed design and plan. It involves a wide range of activities that require careful planning, coordination, and execution to ensure structural integrity and safety. The different types of construction are building construction, heavy and civil engineering construction, specialty trade contractors, land planning, and development. Building construction includes the dismantling of existing structures, the construction of new structures, the addition of the latest structures to existing structures, and the required modifications to existing structures to correspond to any recent additions. The types of contractors are large contractors and small contractors and provide service for the public and private sectors.

What Is The Construction Market Growth Forecast?

The construction market size is expected to see strong growth in the next few years. It will grow to $21735.71 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to accelerating digital construction adoption, rising demand for sustainable building materials, expansion of smart infrastructure projects, growing use of automation and robotics, increased investment in modular and 3d construction technologies. Major trends in the forecast period include modular and prefabricated construction adoption, growth in 3d building construction, expansion of land planning and urban development projects, rising demand for maintenance and repair services, increasing use of advanced construction materials.

Global Construction Market Segmentation

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

What Is The Driver Of The Construction Market?

The rising government infrastructure spending is expected to propel the growth of the construction market going forward. Government infrastructure spending refers to public sector capital investment allocated to transport systems, energy facilities, water infrastructure, telecommunications networks, and other essential physical assets. Government infrastructure spending is rising as part of economic recovery priorities, with governments focusing on infrastructure development to stimulate growth and address long-term productivity challenges in key sectors. Rising government infrastructure expenditures therefore drive demand for construction services as roads, bridges, railways, energy facilities, and water systems require extensive building, renovation, and expansion activities. For instance, in July 2025, according to the Office for National Statistics (ONS), a UK-based government department, in 2024, total market sector investment in infrastructure reached USD 24.8 billion (£20.3 billion) in 2022 chained volume measures, representing a 16.9% increase compared with 2023. Meanwhile, total general government investment in infrastructure rose by 2.2% to USD 35.3 billion (£28.9 billion) in current prices over the same period. Therefore, rising government infrastructure spending is driving the growth of the construction industry.

Key Players In The Global Construction Market

Major companies operating in the construction market are 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., Interconstruct, 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, 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, TSAI design studio.

Global Construction Market Trends and Insights

Major companies operating in the construction market are developing innovative technologies, such as automation to enhance project efficiency, reduce costs, and secure a competitive edge in the market. An automated construction service center is a centralized platform or facility that utilizes automation and technology to efficiently manage and coordinate various aspects of construction projects, including scheduling, resource allocation, and communication. For instance, in July 2023, Tata Steel, an India-based provider of the construction solutions industry, launched its first completely automated construction service center in Odisha, ushering in a new era of sustainable, precise, quality, and speedy construction. This ground-breaking effort is designed to transform reinforcement applications in the construction sector and meet Odisha's rapidly rising infrastructure demand.

What Are Latest Mergers And Acquisitions In The Construction Market?

In February 2023, Webuild S.p.A., an Italy-based construction and civil engineering company, acquired Clough Group for an undisclosed amount. With this acquisition, Webuild aimed to expand its infrastructure delivery footprint in Australia and Papua New Guinea, strengthening its project backlog and regional market position. Clough Group is an Australia-based provider of engineering, construction, and asset-support services for the energy, resources, and infrastructure sectors.

Regional Insights

Asia-Pacific was the largest region in the construction market in 2025. North America was the second-largest region in the construction market. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

What Defines the Construction Market?

The construction market includes revenues earned by entities by constructing buildings or engineering projects (such as highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs. The market also includes modular building construction, prefabricated building construction, 3D building construction and green building construction The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in theConstruction Market Report 2026?

The construction market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the construction industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.