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Construction Market Size, Share, Growth & Forecast 2031

Construction Market

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Segments - by Types (Land Planning & Development, Heavy & Civil Engineering Construction, Specialty Trade Contractors, and Building Construction), End-users (Private and Public), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

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Author :

Raksha Sharma

Fact-checked by :

Vineet Pandey

Editor :

Rucha Phatak

Report Description

The global construction market size was valued at USD 12,633.9 billion in 2021 and is anticipated to expand at a CAGR of 6.2% during the forecast period, 2022–2030. The growth of the market is attributed to technological development and convenient infrastructure.

Construction includes maintenance, repairs, additions, and new work for organizations and sole traders. The construction market includes services such as subdividing land for sale as building sites and preparing sites for new enterprises. The construction of roadways is essential to the operation structures and services such as transportation and travelling. The construction division consists of renovating existing residential structures and specialized building equipment such as escalators, elevators, and service station equipment. The construction business gave rise to employment such as an interior designer, a construction manager, a contractor, and advisors. The design of the building should be convenient and appropriate for use, and financially possible to build. The financial structure must be sufficient to construct the design suggested by the client and to pay all legally owed amounts. The new surge of antibacterial construction provides protection against microbes and bacteria. Antibacterial technology is used for maintaining floors & carpets, wiring accessories, wall coverings, and door handles.

The COVID-19 pandemic negatively affected various industries, due to the social distancing norms and lockdown imposed by governments. The pandemic caused great damage to the value chain at all scale and levels. Many construction projects are cancelled and postponed, as lockdowns were imposed, which had a negative impact on small and medium businesses. People returned to workplace and businesses and adapted the hybrid working environment recently. Therefore, the need for commercial real estate sub-sector is increasing, as companies need convenient space for their employees.

Market Trends, Drivers, Restraints, and Opportunities

Increasing automation in public space is anticipated to drive the market during the forecast period.
Rising investments in renewable energy infrastructure boost the market.
Increasing awareness about antibacterial construction materials is expected to propel the market.
Volatile prices of raw materials used in different types of construction is expected to hinder the market in the coming years.
Construction involves working at heights and close contact with hazardous substances. Hence, labor safety and health issues are estimated to hinder the market expansion.
Use of digital technology and autonomous construction vehicles are expected to create lucrative opportunities for key market players.

Scope of the Report

The report on the global construction market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Construction Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2021
Historic Data	2019–2020
Forecast Period	2022–2030
Segmentation	Types (Land Planning & Development, Heavy & Civil Engineering Construction, Specialty Trade Contractors, and Building Construction), and End-users (Private and Public)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Bechtel Corporation; AI Habtoor Group LLC; Larsen & Toubro Ltd.; PCL Construction Enterprises; Skanska Construction; and Balfour Beatty

Market Segment Insights

Land planning & development segment to expand at a considerable CAGR

On the basis of types, the construction market is segmented into land planning & development, heavy & civil engineering construction, specialty trade contractors, and building construction. The land planning & development segment is projected to expand at a considerable CAGR during the forecast period, due to increasing awareness of optimal utilization of environmental guidelines for the construction projects and operations. The building construction segment is anticipated to account for a major market share during the forecast period, owing to rising per capita income in developing countries.

Public segment to hold a significant share of the market

In terms of end-users, the market is divided into private and public. The public segment is expected to hold a significant share of the market in the coming years, due to rapid urbanization in developing countries and increasing number of people looking for their own residential properties. The private segment accounts for a significant market share, owing to increasing technological investments in advanced commercial projects. In some developing economies, governments try to attract foreign direct investments for the private industry expansion.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the construction market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period, owing to the presence of key market players in the region. Growing population and construction projects in Asia Pacific is expected to boost the market in the coming years. The market in Europe is anticipated to expand at a rapid pace during the forecast period, due to increasing renovation and reconstruction of residential infrastructure.

Segments

The global construction market has been segmented on the basis of

Types

Land Planning & Development
Heavy & Civil Engineering Construction
Specialty Trade Contractors
Building Construction

End-users

Private
Public

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Bechtel Corporation
AI Habtoor Group LLC
Larsen & Toubro Ltd.
PCL Construction Enterprises
Skanska Construction
Balfour Beatty

Competitive Landscape

Key players competing in the global construction market are Bechtel Corporation; AI Habtoor Group LLC; Larsen & Toubro Ltd.; PCL Construction Enterprises; Skanska Construction; and Balfour Beatty.

Some prominent players in the market are implementing new technologies and procedures to increase their market revenue share. For instance,

BioCote develops antibacterial construction materials, which have been shown to survive longer than their conventional counterparts. These materials also reduce the risk of cross contamination.
TATA Projects Limited and Indian Hotels Company collaborated for the construction of Ginger hotel in Mumbai. It is constructed by an all-women engineering team over the course of 19 months. The construction process involves advanced technologies and techniques.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Construction Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Construction Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Construction Market - Supply Chain
  4.5. Global Construction Market Forecast
     4.5.1. Construction Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Construction Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Construction Market Absolute $ Opportunity
5. Global Construction Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Construction Market Size and Volume Forecast by Types
     5.3.1. Land Planning & Development
     5.3.2. Heavy & Civil Engineering Construction
     5.3.3. Specialty Trade Contractors
     5.3.4. Building Construction
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Construction Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Construction Market Size and Volume Forecast by End Users
     6.3.1. Private
     6.3.2. Public
     6.3.3.
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Construction Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Construction Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Construction Demand Share Forecast, 2019-2026
8. North America Construction Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Construction Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Construction Market Size and Volume Forecast by Types
     8.4.1. Land Planning & Development
     8.4.2. Heavy & Civil Engineering Construction
     8.4.3. Specialty Trade Contractors
     8.4.4. Building Construction
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Construction Market Size and Volume Forecast by End Users
     8.7.1. Private
     8.7.2. Public
     8.7.3.
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Construction Demand Share Forecast, 2019-2026
9. Latin America Construction Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Construction Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Construction Market Size and Volume Forecast by Types
     9.4.1. Land Planning & Development
     9.4.2. Heavy & Civil Engineering Construction
     9.4.3. Specialty Trade Contractors
     9.4.4. Building Construction
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Construction Market Size and Volume Forecast by End Users
     9.7.1. Private
     9.7.2. Public
     9.7.3.
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Construction Demand Share Forecast, 2019-2026
10. Europe Construction Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Construction Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Construction Market Size and Volume Forecast by Types
     10.4.1. Land Planning & Development
     10.4.2. Heavy & Civil Engineering Construction
     10.4.3. Specialty Trade Contractors
     10.4.4. Building Construction
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Construction Market Size and Volume Forecast by End Users
     10.7.1. Private
     10.7.2. Public
     10.7.3.
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Construction Demand Share Forecast, 2019-2026
11. Asia Pacific Construction Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Construction Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Construction Market Size and Volume Forecast by Types
     11.4.1. Land Planning & Development
     11.4.2. Heavy & Civil Engineering Construction
     11.4.3. Specialty Trade Contractors
     11.4.4. Building Construction
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Construction Market Size and Volume Forecast by End Users
     11.7.1. Private
     11.7.2. Public
     11.7.3.
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Construction Demand Share Forecast, 2019-2026
12. Middle East & Africa Construction Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Construction Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Construction Market Size and Volume Forecast by Types
     12.4.1. Land Planning & Development
     12.4.2. Heavy & Civil Engineering Construction
     12.4.3. Specialty Trade Contractors
     12.4.4. Building Construction
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Construction Market Size and Volume Forecast by End Users
     12.7.1. Private
     12.7.2. Public
     12.7.3.
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Construction Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Construction Market: Market Share Analysis
  13.2. Construction Distributors and Customers
  13.3. Construction Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Bechtel Corporation
     13.4.2. AI Habtoor Group LLC
     13.4.3. Larsen & Toubro Ltd.
     13.4.4. PCL Construction Enterprises
     13.4.5. Skanska Construction
     13.4.6. Balfour Beatty

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