Construction Market Report 2025 (Global Edition)

Global Construction Market Report 2025 Market Size Split by Product (Heavy and Civil Engineering, General Construction, Commercial, Others), by Textiles (Oil & Gas, Others (Marine, Power)), by Sector ...

Construction Market Report Description

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Construction Market Insights Video

Competitive Landscape of the Construction Market

The competitive landscape of the Construction market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Construction companies, and emerging start-ups aiming to disrupt the market with innovative solutions

Top Companies Market Share in Construction Industry: (In no particular order of Rank)

• Grupo ACS
• Balfour Beatty
• Vinci SA
• Bechtel Corporation
• Skanska Group
• Hochtief
• Power Construction Corp. of China
• Bouygues SA
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Construction Market

Which Region Dominates the Construction Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America's production marketplace is experiencing strong growth, driven by various factors inclusive of urbanization, infrastructure development, and housing demand. Major towns are witnessing substantial construction activity, consisting of commercial and home initiatives, along infrastructure improvements. With persevered investment in sectors like transportation, healthcare, and renewable energy, North America remains a key place for production industry growth and innovation.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Construction market due to several compelling reasons. Europe's production marketplace is at the rise, buoyed by urbanization, infrastructure modernization, and sustainable development projects. Major cities are witnessing sizable creation tasks, including commercial complexes, residential buildings, and transportation infrastructure. Additionally, investments in renewable energy and environmental sustainability are using boom within the creation sector. With a focus on innovation and efficiency, Europe offers sizeable opportunities for production industry enlargement and advancement

The current report Scope analyzes Construction Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Construction Market Analysis

According to Cognitive Market Research, the global Construction market size was estimated at USD 12415.3 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 4966.12  million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. The North American construction sector is thriving, propelled by strong economic development, population increase, and infrastructure renewal. Residential construction is a crucial segment, driven by increased housing demand and urbanization trends. The region is seeing tremendous investment in commercial and industrial projects as a result of technical advancements and sustainability initiatives. Finally, North America's construction market offers a wide range of opportunities across multiple industries, attracting both local and international investors looking to capitalize on the region's economic prosperity and infrastructural development.

• According to Cognitive Market Research, the US had a major share in the Construction market with a market size of USD 3918.27 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The demand is amplified by the investments in transportation infrastructure, including railways and highways.
• market had a market share of USD 595.93 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's growing demand for sustainable and energy-efficient buildings, supported by government incentives and regulations.
• The Mexico Construction market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 451.92 million in 2024

Europe Construction Market Analysis

According to Cognitive Market Research,  the global Construction market size was estimated at USD 12415.3 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 3724.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. Europe's construction sector is steadily expanding, aided by government measures to enhance infrastructure and promote sustainability. Renovation and restoration projects are a key market area, driven by historical preservation efforts and energy efficiency improvements. With a focus on modernity and durability, Europe's construction industry adopts new building techniques and materials. In conclusion, Europe's building sector combines history and innovation, providing several chances for stakeholders to contribute to the region's architectural heritage while addressing contemporary issues such as sustainability and urbanization.

• The United Kingdom Construction market had a market share of USD 625.73 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Construction sales witness an upswing due to the focus on renewable energy infrastructure, such as wind farms and solar power plants.
• The France Construction market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 342.66 million in 2024.
• According to Cognitive Market Research, the Germany Construction market size was valued at USD 737.47 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Construction sales surge due to the government policies encouraging sustainable construction practices and green building technologies.
• The Italy Construction market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD 320.31 million in 2024.
• The Russia Construction market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD 577.31 million in 2024.
• The Spain Construction market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 305.42 million in 2024.
• The Luxembourg Construction market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 115.46 million in 2024.
• The Portugal Construction market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 78.22 million in 2024.
• The Greece Construction market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 44.70 million in 2024.
• Rest of Europe Construction market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 577.31 million in 2024.

Asia Pacific Construction Market Analysis

According to Cognitive Market Research, the global Construction market size was estimated at USD 12415.3 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2855.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. Asia Pacific's construction business is rising, because to rapid urbanization, infrastructural expansion, and economic growth. The residential category shines out, thanks to expanding populations and need for affordable housing alternatives. Government programs like the Belt and Road Initiative boost construction activity throughout the region. Finally, Asia Pacific's construction market offers numerous opportunities for both local and international players, with projects ranging from residential and commercial developments to large-scale infrastructure projects that will shape the region's future urban environments and economic prosperity.

• According to Cognitive Market Research, the China Construction market size was valued at USD 1284.98 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Construction sales surge in China due to the belt and road initiative driving investments in transportation and energy infrastructure projects globally.
• The Japan Construction market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 394.06 million in 2024.
• The India Construction market had a market share of USD 342.66 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. The demand is augmented by India's rapid urbanization, increasing disposable income.
• The South Korea Construction market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 285.55 million in 2024.
• The Australia Construction market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 148.49 million in 2024.
• The South East Asia Construction market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 197.03 million in 2024.
• The Rest of Asia Pacific Construction market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 202.74 million in 2024.

South America Construction Market Analysis

According to Cognitive Market Research, the global Construction market size was estimated at USD 12415.3 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 620.77 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. The Latin American construction market demonstrates endurance in the face of economic changes, driven by urbanization, infrastructural needs, and natural resource development. Government investments in transportation, energy, and public works projects have boosted the infrastructure segment's significance. Despite problems like as political unrest and budget limits, construction activity is stable, fueled by private sector investments and international collaboration. Finally, Latin America's construction market provides potential for expansion and innovation, serving as an important platform for stakeholders to contribute to the region's socioeconomic development and urban change.

• According to Cognitive Market Research, the Brazil Construction market size was valued at USD 265.69million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Construction sales flourish in Brazil due to the urbanization initiatives propelling construction of residential complexes, commercial buildings, and infrastructure.
• The Argentina Construction market had a market share of USD 104.29 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The demand is augmented by Argentina's government stimulus packages and funding for construction projects to boost economic recovery post-pandemic.
• The Colombia Construction market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 55.25 million in 2024.
• The Peru Construction market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 50.90 million in 2024.
• The Chile Construction market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 44.70 million in 2024.
• The Rest of Latin America Construction market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 99.94 million in 2024

Middle East Construction Market Analysis

According to Cognitive Market Research, the global Construction market size was estimated at USD 12415.3 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 248.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. The Middle East and Africa construction industry is characterized by growing urbanization, infrastructural development, and energy project investments. The infrastructure sector, which includes transportation and utilities, is a major driver of building activity, fueled by government efforts and large-scale projects. Despite hurdles such as geopolitical tensions and fluctuating oil prices, the region's construction industry is resilient, attracting both domestic and international investment. To summarize, the Middle East and Africa construction market presents significant potential for growth and development, with a critical role in creating the region's future landscape and economic prosperity.

• The GCC Countries Construction market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 106.27 million in 2024. Construction sales flourish due to the infrastructure renewal and modernization projects driven by aging infrastructure.
• The Egypt Construction market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 26.07  million in 2024.
• The South Africa Construction market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 39.23 million in 2024. Construction sales flourish in the South Africa due to the population growth and urbanization leading to increased demand for residential and commercial construction.
• The Turkey Construction market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 21.35 million in 2024.
• The Nigeria Construction market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 26.07 million in 2024.
• The Rest of MEA Construction market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 29.30 million in 2024

Construction Market Analysis

Construction Market Product Segment Analysis

According to Cognitive Market Research, General Construction stands out as the dominating category. The fashionable creation quarter is experiencing brilliant growth globally, fueled by using urbanization, populace increase, and infrastructure development. This includes residential, industrial, and industrial tasks, in addition to civil engineering works. Increasing calls for modernization and growth of buildings and infrastructure drive opportunities within the trendy creation marketplace, imparting prospects for contractors, builders, and stakeholders across various regions.

Heavy and Civil Engineering emerges as the fastest-growing category in the Construction market. The heavy and civil engineering construction area is witnessing extensive growth globally, fueled by growing investments in infrastructure projects such as roads, bridges, dams, and utilities. Government projects for transportation and environmental improvements further enhance the call for. With infrastructure wishes growing globally, the heavy and civil engineering construction marketplace affords widespread opportunities for contractors and corporations focusing on big-scale infrastructure improvement.

• Heavy and Civil Engineering

Bridges
Roads
Railways
Airports

• Others (Sewage, Under Bridges, etc)

General Construction
Residential
Houses
Apartments

• Others (Villas, Hostels, etc.)
• Commercial

Hotels
Offices
Hospitals
Malls/Multiplexes
Educational Institutes

• Others (Shops, Leisure Parks, etc)

Industrial
Chemical & Pharmaceutical
Metal & Category Processing

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Construction Industry. Request a Free Sample PDF!

Textiles Segment Analysis of Construction Market

This industry is one of the most dynamic industries, mainly fuelled by advanced technological, changing customer needs, and regulatory environments. In this chapter, we have included Construction market size, revenue share and growth rate for each application/end-user segment across the globe as well as regional level. 

Moreover, we have also provides qualitative analysis such as driving and restraining factors which affects the Construction market growth. This section helps companies to gain a deeper understanding of the market trends, challenges and technological advancements. Thus this analysis allows companies to build strategies and make informed decisions in a highly competitive and rapidly evolving market.

Some of the key Textiles of Construction are:

• Oil & Gas
• Others (Marine
• Power)

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Construction Sector Segment Analysis

According to Cognitive Market Research, the dominating category is Urban. The city creation market is experiencing speedy growth because of worldwide urbanization traits. Major towns are undergoing large development, including skyscrapers, residential complexes, and combined-use tendencies. Urban infrastructure projects, inclusive of transportation networks, utilities, and green spaces, additionally make a contribution to marketplace enlargement. With urban populations growing, the demand for creation services in urban regions is expected to continue rising, using similar growth in this area.

The fastest-growing category in the Construction market is Rural. The rural production market is experiencing a high-quality boom driven by way of infrastructure improvement, residential growth, and agricultural tasks. Increased authority's investments in rural regions, coupled with rising demand for contemporary services, are fueling construction sports. Additionally, improvements in generation and sustainable construction practices definitely influence the market. This increase in fashion shows promising opportunities for stakeholders in the rural production zone.

• Urban
• Rural

Construction Category Segment Analysis

Category Segment Analysis

According to Cognitive Market Research, the dominating category is New. The rising modular production market is experiencing fast boom fueled by way of its efficiency, sustainability, and value-effectiveness. Modular production includes prefabricating, constructing components in factories and assembling them on-website, lowering creation time and minimizing waste. Its versatility makes it appropriate for diverse sectors, such as residential, business, and hospitality. With growing adoption and advancements in technology, the modular construction market presents a massive boom capability.

The fastest-growing category in the Construction market is Renovation. These high-brightness Construction cater to specific applications requiring superior brightness levels, The preservation production marketplace is on the rise, buoyed by the growing demand for upgrading present systems, getting older infrastructure, and sustainability initiatives. With a focal point on improving power performance, modernizing centers, and enhancing aesthetic attraction, protection projects span residential, business, and institutional sectors. Government incentives, coupled with increasing client hobby in sustainable dwelling, are riding funding in preservation creation, creating possibilities for enterprise players.

• New
• Renovation

Construction Contracting Type Segment Analysis

According to Cognitive Market Research, the dominating category is General contracting. The mega-mission construction marketplace is flourishing as governments and personal entities spend money on huge-scale infrastructure, transportation, strength, and concrete development initiatives. These projects, often characterized by their complexity and huge funding, stimulate financial boom, create jobs, and deal with important societal wishes. With increasing globalization and urbanization driving demand for mega-projects, the development market is experiencing a sturdy increase, supplying tremendous possibilities for stakeholders.

The fastest-growing category in the Construction market is Design-build contracting. The main task creation marketplace is increasing swiftly as investments surge in infrastructure, residential, and commercial tendencies. These tasks, characterized by means of their scale and effect, pressure financial growth and urbanization. Government tasks, non-public region investments, and technological improvements are fueling this increase. With the growing demand for modernization and expansion, the principal venture creation market gives giant possibilities for contractors, developers, and stakeholders alike.

• General contracting
• Design-build contracting
• Construction management

Construction Scale Segment Analysis

According to Cognitive Market Research, the dominating category is Mega project. The private creation market is experiencing large growth pushed by using elevated investments in residential, commercial, and business trends with the aid of private buyers and groups. With a focal point on assembly evolving customer preferences and marketplace demands, non-public creation initiatives range from luxury houses to innovative commercial spaces. As monetary conditions enhance and customer confidence rises, the private creation market affords promising opportunities for growth and innovation.

The fastest-growing category in the Construction market is Major project. The public construction marketplace is at an upward thrust, with multiple authorities spending on infrastructure, healthcare, education, and transportation projects. Public investments in production stimulate monetary increase, create jobs, and enhance public offerings. With developing urbanization and the desire for sustainable improvement, the general public creation area is witnessing giant boom possibilities, providing contractors and stakeholders with a hazard to contribute to network development and development.

• Mega project
• Major project
• Medium project
• Small project

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modeling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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