Manufacturing and Construction Market Report 2025 (Global Edition)

Manufacturing & Construction Market Overview

Global manufacturing & construction market size is USD 17,936.6 billion in 2024 and will be USD 27,148.6 billion in 2031, growing at the CAGR of 6.1% during the forecast period. Data Centre Construction Market size is USD 225.87 billion in 2024 and will be USD 370.76 billion in 2031, at a CAGR of 7.3% during the forecast period. Key growth drivers include emerging demand for cloud services, the advancement of edge computing, and the global rollout of 5G networks. In addition, the market tiers vary in infrastructure levels, including electrical, mechanical, networking components to end-use sectors like IT & Telecom, BFSI, and healthcare.

Similarly, the growth in the conceptualization of sustainable building and technological advancements within the construction market is likely to drive outstanding growth in the Modular Construction Market. The market was valued at USD 83 billion in 2023 and is expected to exhibit a high CAGR of about 7.4% from 2024 to 2031, thereby adopting modular solutions due to their efficiency and cost-effectiveness.

Furthermore, EVs and renewable energy system production is increasing, thereby sparking investment in advanced manufacturing techniques like additive manufacturing and material innovation. Sustainability and efficient resource use have been emphasized by manufacturers in an attempt to follow strict environmental regulations.

Top Countries of Manufacturing & Construction Market

China (2024 Market Size: USD 5668 billion)

According to cognitive market research, China accounts for a huge market size of USD 5,668.0 billion with a major market share of 31.6% in the global Manufacturing & Construction market. The country leads the market owing to its vast industrial base, developed infrastructure, and strategic investments in technology and innovation. In addition, rapid urbanization, favorable policies by the government for infrastructure development, and focusing on sustainable construction methods act as important growth drivers. Besides that, the China Belt and Road Initiative still is expanding its influence all over the world with giant infrastructure projects both domestically and internationally. Nevertheless, nowadays the country faces quite a few challenges, including increased labour costs, but also the rise of environmental concerns, boosting efforts towards smart manufacturing and greener building. 

United States (2024 Market Size: USD 2851 billion)

The United States Manufacturing & Construction market holds a revenue share of 15.9% of the total revenue generated and its market size is USD 2,851.9 billion. This means good performance supported by a strong industrial base and fast tech progress, with sustained urban redevelopment to keep the pace. Infrastructure spending, especially under the most recent government packages, boosted construction markets, while automation and digital technologies in the manufacturing market are taking up new trends. Also, the drive towards smart cities, put in tandem with strong contingent emphasis on sustainable and energy-efficient construction, is further accelerating the growth. Nevertheless, still labor shortages and supply chain disruptions continue to be considered threats for development.

Japan (2024 Market Size: USD 1165 billion)

As per CMR, the Japanese Manufacturing & Construction market size is USD 1,165.9 billion, accounting for 6.5% of the global market share. Advanced engineering capabilities, precision manufacturing, and a strong emphasis on innovation continue underpinning growth in this economy. Japan has managed to remain competitive in manufacturing through investments in robotics and automation, while much of its infrastructure is aging and requires major construction projects. The country also stands at the forefront regarding earthquake-resistant buildings-a factor that underlines concern for safety and sustainability. However, demographic challenges, including a possible aging workforce, remain a concern for future growth and prompt efforts toward more automation and skilled labor. 

Germany (2024 Market Size: USD 861 billion)

With a market size of USD 861.0 billion, Germany accounts for 4.8% of the total market share of the Manufacturing & Construction market. Known for its engineering prowess and industrial base, Germany remains one of the world leaders in top-of-the-line manufacturing and construction innovation. Its emphasis on Industry 4.0 has driven smart factory development and digital construction methods. Furthermore, the country's movement toward green building practices and integrating renewable energy sources will change the construction market. The industry also faces significant challenges, as well as potential opportunities, created by economic uncertainties and the rising demand for sustainable methods of manufacturing.

India (2024 Market Size: USD 591 billion)

India's Manufacturing & Construction market holds a market share 3.3% and its market size is USD 591.9 billion. Rapid urbanization, large infrastructure projects, and a range of top-down policy initiatives, such as "Make in India" and "Smart Cities Mission," keep growth high. Large investments in road, rail, and housing projects have fired the recent boom in the construction industry, while an increasingly large consumer base and relative improvement in ease of doing business help boost manufacturing. But challenges in the form of regulatory hurdles, difficult land acquisition, and infrastructure bottlenecks remain. Hence, digital methods of construction and industrial automation are increasingly seen as one way ahead.

South Korea (2024 Market Size: USD 484 billion)

The Manufacturing & Construction market size in South Korea is USD 484.3 billion, accounting for 2.7% of the global market share. The country is at the forefront in advanced manufacturing technologies, including robotics, electronics, and automotive production. Strategic investments in smart manufacturing and eco-friendly construction practices are driving market growth. The government of South Korea also supports infrastructure modernization and sustainable urban development. Following its good performance, the industry depends on global exports and faces labor shortages, especially within the domestic market, which has pushed the industry towards automation and digital transformation.

Brazil (2024 Market Size: USD 376 billion)

The Brazilian Manufacturing & Construction market size is USD 376.7 billion with a 2.1% share of the global market. Large infrastructure investments, supplemented by government programs aimed at renovating transport networks and energy installations, drive the market. In addition, Brazil's construction industry is driven by urbanization and housing needs. The manufacturing industry, particularly automotive and consumer goods, saw an increase in exports and domestic consumption and is thus showing signs of recovery. However, volatility in the economy, regulatory challenges, and environmental concerns are a few issues that need to be dealt with to ensure that growth continues.

Russia (2024 Market Size: USD 322 billion)

As per cognitive market research, the Russian Manufacturing & Construction market holds a revenue share of 1.8% and its market size is USD 322.9 billion. Its manufacturing market heavily relies on energy and natural resources, while construction is dependent on government-based infrastructure projects. Growth drivers include modernization initiatives such as transport and energy infrastructure. However, economic sanctions, geopolitical tensions, and dependence on energy exports have imposed great challenges. However, Russia is seeking to lessen these risks by diversifying its industrial base and applying innovative construction technologies that further ensure efficiency and sustainability. Italy

Italy (2024 Market Size: USD 269 billion)

Italy manufacturing & construction market size is USD 269.0 billion and holds a 1.5% of the global market share. The country is highly renowned for its manufacturing capabilities, particularly in the fields of machinery, automotive, and fashion. The construction market has been changing and modernizing with investments in infrastructure, urban renewal, and green building projects. Yet, there are clearly still challenges to be faced in Italy: bureaucratic barriers, aged infrastructure, and economic instability. Ways of helping this along are by using digital construction technologies and encouraging sustainability in building and manufacturing.

France (2024 Market Size: USD 251 billion)

France's Manufacturing & Construction market is valued at USD 251.1 billion, accounting for 1.4% of the global market share. Infrastructure modernization and urban redevelopment work in favor of the building market of this country, while strong focuses on aerospace, automotive, and luxury goods contribute to its manufacturing. Sustainability in construction and integration of digital technologies fast transform the face of the industry. However, economic uncertainties and labor market constraints still remain a challenge to growth. Thus, this drive of the government toward energy-efficient building projects and smart manufacturing solutions will overcome these challenges to meet long-term sectoral resilience.

Key Players of Manufacturing & Construction Market

Caterpillar Inc.
With revenue of USD 61.5 billion, Caterpillar realizes 45.4% of its revenue from the Construction Industries segment. The company is well-placed to gain from the continued infrastructure expansion across the world. Thus, this trend opens an excellent opportunity for Caterpillar to supply the latest and advanced machinery, equipment focusing on the automation, electrification, and digital solutions of smart cities, roadways amongst others urban development's growth. Their continued development of products such as autonomous mining trucks and smart construction equipment will further enhance this efficiency, making the company of crucial importance to the growth of modern construction.

Komatsu Ltd.

With revenue of USD 26.4 billion, the group derives two-thirds of revenue, 66.3%, from Construction, Mining, and Utility Equipment. This focus deeply endows Komatsu with a competitive lever in these high-growth businesses. This accelerates the growth of mining and construction brought about by increasing demand for raw materials and infrastructure development. The company could leverage such demand with an expanded product line to include higher-value mining equipment, such as electric and hybrid vehicles, critical in responsible mining. Secondly, machine automation-related innovations, such as autonomous haulage systems, will be increasing operational efficiency and reducing safety hazards for construction companies. 

Vinci SA

Vinci SA is a revenue of USD 62.6 billion, and it generates 58.3% of its revenue from the Concessions business representing infrastructures such as roads, airports, and public transportation. With its stronghold in concessions, Vinci is poised to benefit from the rise of emerging markets and developed economies with growing demand for transportation infrastructure. Especially, Public-Private Partnerships and infrastructure projects are great opportunities worldwide in places where regions are focusing on developing transport and energy infrastructure. Vinci can also scale up its operations to achieve long-term infrastructure projects from fast-moving economies by applying their expertise in complex constructions and management.

China State Construction Engineering Corporation (CSCEC)

Being the world's largest construction company, CSCEC occupies the pole position in real estate development and construction. The behemoth generated a whooping USD 260 billion revenue, with 80.2% emanating from Real Estate Development and Construction. CSCEC also stands a chance to gain from the growth of megacities and the growing need for housing and commercial establishments. Rapid urbanization, especially in developing countries of Asia and Africa, presents CSCEC with enormous opportunities for undertaking large-scale real estate development projects. The company could also venture into sustainable construction by infusing green building technologies and renewable energy solutions into their developments.

Schneider Electric

Schneider Electric is well positioned for the global move toward renewable energy and energy-efficient technologies, with USD 36.6 billion in revenues and 57.3% of its sales related to Energy Management. It is expected that a company like Schneider Electric will drive growth in such manners: offering integrated energy management systems, smart grids, and automation solutions that reduce energy consumption and improve energy efficiency in the quest of the world for decarbonization and improved energy security. With a strategic focus on digital transformation and IoT-based energy solutions in smart buildings and homes, the company is well-positioned to address residential and industrial customers' needs.