This statistic shows the projected number of workers in the construction industry in the United States in 2019 and 2026, by size of firm. By 2026, the construction industry in the U.S. is projected to have ******* workers at firms employing 10,000 people or more.

This statistic shows the projected number of firms in the construction industry in the United States in 2019 and 2026, by size of firm. By 2026, the construction industry in the U.S. is projected to have ** companies employing over 10,000 people.

The global market size of Construction is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Construction Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Construction industry. The key insights of the report:
1.The report provides key statistics on the market status of the Construction manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Construction industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Construction Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Construction as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Construction market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

Snapshot img

Construction Market Size 2025-2029

The construction market size is forecast to increase by USD 1,288.3 billion at a CAGR of 5.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the rise in residential and commercial infrastructure projects worldwide. This trend is fueled by increasing urbanization, population growth, and economic development in various regions. One key trend is the increasing adoption of green buildings, which are in the Innovator's stage in some regions and the Early Majority in others, leading to varying adoption rates and penetration levels. Furthermore, the integration of Artificial Intelligence (AI) in the construction sector is revolutionizing the industry, enhancing productivity, efficiency, and safety. As the industry evolves, companies must navigate this obstacle by exploring cost-effective solutions, such as shared equipment ownership models or renting, to remain competitive.
To capitalize on the market's potential, businesses should focus on innovation, collaboration, and operational excellence, ensuring they deliver high-quality projects on time and within budget. By addressing these challenges and embracing the opportunities presented by the market, companies can effectively position themselves for long-term success. Another key driver is the integration of Artificial Intelligence (AI) in the construction sector, which is revolutionizing the industry by improving efficiency, reducing costs, and enhancing safety.

What will be the Size of the Construction Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

In the dynamic market, securing permissions for building projects remains a crucial aspect of the industry. Cold storage facilities, a niche segment, continue to gain traction in the hospitality and leisure sectors, driven by innovative technologies and consumer demand. Smart cities are at the forefront of integrating sustainability regulations into commercial buildings, leading to increased usage of eco-friendly construction materials and raw resources. Site preparation and worker safety regulations are under constant scrutiny, ensuring compliance and adherence to industry standards.
The retail sector is also embracing technology, with the integration of automation and smart systems becoming increasingly common. Innovative technologies continue to shape the construction landscape, from 3D printing to modular construction, streamlining processes and reducing costs. Regardless, the industry's focus on sustainability and safety regulations ensures a responsible and forward-thinking approach to construction projects. However, the high cost of construction machinery poses a substantial challenge for market participants.

How is this Construction Industry segmented?

The construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Buildings construction
  Heavy and civil engineering construction
  Land planning and development
  Specialty trade contractors


End-user

  Private sector
  Public sector


Product

  Traditional
  Sustainable


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    China
    India
    Indonesia
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The buildings construction segment is estimated to witness significant growth during the forecast period. The market encompasses various sectors, with buildings construction being a prominent and evolving segment. This segment includes residential, commercial, and multifamily buildings, each contributing significantly to the market's growth. For instance, Egypt's ambitious project to develop a new administrative capital, the New Administrative Capital (NAC), is a notable example. Located approximately 45 kilometers east of Cairo, NAC is designed to alleviate overcrowding and pollution in the current capital. A key player in this transformation is the China State Construction Engineering Corporation (CSCEC), a Chinese state-owned enterprise. Meanwhile, smart cities are emerging as a significant trend in the construction industry.

Economic development and retail activities are integral to the market, with developers focusing on creating vibrant and sustainable communities. Civil engineering plays a crucial role in the development of infrastructure, including roads, bridges, and water supply systems. Climate change is a pressing concern, and the construction industry is responding by incorporating green and energy-efficient practices into their projects. Sustainability regulations are becoming increasi

The Japan construction industry, valued at $609.27 million in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 3.30% from 2025 to 2033. This growth is driven by several factors. Firstly, government initiatives focused on infrastructure development, particularly in transportation (high-speed rail expansion and improved road networks) and energy (renewable energy projects), are significantly boosting the sector. Secondly, a growing demand for residential properties in urban areas, coupled with ongoing commercial construction projects in major cities like Tokyo and Osaka, are fueling consistent market expansion. Finally, the ongoing need for seismic upgrades and renovations in existing buildings presents considerable opportunities for construction firms. However, the industry faces challenges like a shrinking workforce, rising material costs, and stringent environmental regulations, all potentially impacting growth trajectories. Leading players like Obayashi Corp, Kajima Corp, and Shimizu Corp, are strategically adapting to these conditions through technological advancements, efficient resource management, and diversification into sustainable construction practices. The segmentation within the Japan construction market reveals significant variations in growth potential across sectors. While residential and commercial segments are expected to maintain moderate growth, the infrastructure (transportation) and energy & utilities sectors are projected to experience higher growth rates, driven by government investment and the push toward renewable energy sources. The industrial segment will see more moderate growth reflecting overall economic conditions. The competitive landscape is dominated by established large-scale contractors, but a number of smaller firms are also active, particularly in niche segments like specialized renovations and sustainable building materials. Future success will hinge on the ability of companies to effectively manage costs, adopt innovative technologies (such as prefabrication and BIM), attract and retain skilled labor, and contribute to environmentally responsible construction practices. This in-depth report provides a comprehensive analysis of the Japan construction industry, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, this report offers valuable insights into market trends, key players, and future growth projections. The report utilizes data from the historical period (2019-2024) and forecasts market performance from 2025 to 2033. It covers major segments including residential, commercial, industrial, infrastructure (transportation), and energy & utilities, examining market size in millions of units and offering crucial data for investors, industry professionals, and strategic decision-makers. Search Keywords: Japan construction market, Japan construction industry report, Japan construction market size, Japanese construction companies, construction industry Japan, Japanese infrastructure projects, construction market forecast Japan, Shimizu Corp, Kajima Corp, Obayashi Corp. Key drivers for this market are: Growth of Education Sector, Rising Demand for Quality Accomodation. Potential restraints include: Enrolment Fluctuations. Notable trends are: Increase in Infrastructure Developments Boosting the Market.

The Market Report Covers Construction Companies in Brazil and is Segmented by Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, and Energy and Utility Construction).

The Vietnamese construction industry, currently valued at $69.20 million (2025), exhibits robust growth potential, projected at a Compound Annual Growth Rate (CAGR) of 8.10% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, significant government investment in infrastructure projects, particularly within transportation (roads, railways, and airports), is creating substantial demand. Secondly, rapid urbanization and a burgeoning middle class are boosting residential construction, with a focus on both affordable housing and high-end developments. Thirdly, the increasing presence of foreign direct investment (FDI) in industrial sectors like manufacturing and technology is stimulating industrial construction activity. While challenges remain, such as potential labor shortages and material price fluctuations, the overall outlook remains positive. The industry's segmentation reveals a diverse landscape. Residential construction constitutes a significant portion of the market, driven by population growth and improved living standards. Commercial construction, encompassing office buildings, shopping malls, and hotels, is also experiencing considerable growth, reflecting Vietnam's economic expansion. Infrastructure development, particularly transportation, is a major contributor to overall market size, with ongoing large-scale projects across the country. Energy and utilities construction, encompassing power plants and renewable energy infrastructure, is also witnessing increased activity, driven by rising energy demand. Key players like Coteccons Construction JSC, Hoa Binh Construction Group JSC, and foreign entities such as Hyundai Engineering & Construction Co Ltd are actively shaping the market's competitive dynamics, driving innovation and efficiency. The regional distribution of projects reflects the nation's developmental priorities, with a strong focus on major cities and industrial hubs. Here's a report description incorporating your specifications. Note that website links for many Vietnamese construction companies are not readily available through standard search engines. I've included placeholders where links would typically go. Construction Industry in Vietnam: A Comprehensive Market Analysis (2019-2033) This comprehensive report provides an in-depth analysis of Vietnam's dynamic construction industry, forecasting market trends and growth opportunities from 2025 to 2033. Based on historical data (2019-2024) and a meticulous assessment of current market conditions, this report serves as an indispensable resource for investors, industry professionals, and anyone seeking to understand the complexities and potential of Vietnam's building sector. The study period covers 2019-2033, with 2025 serving as both the base year and estimated year. Recent developments include: November 2023: COFICO and joint venture partners TVC and Searefico opportunistically attended the Taking Over Singing Ceremony of The New Betalactam Factory that Meets Global GMP Standards for the Investor – DHG Pharmaceutical Joint Stock Company. The project is located at Tan Phu Thanh Industrial Park – Phase 1, Chau Thanh A district, Hau Giang province, with a total project area of about 6 hectares. It is expected that after completion and operation in 2024, the Betalactam factory will meet global GMP standards, requiring high technical specifications in the stages of design, construction, and finishing. This project holds particular significance for the plan to develop high-quality product lines and deliver numerous qualified product lines to replace imported drugs for consumers of DHG Pharma., October 2023: Song Da Corp JSC invested in the implementation of the 500kV circuit 3 line projects (from Quang Trach, Quang Binh, to Pho Noi, Hung Yen) at the Government Headquarters. Deputy Prime Minister Tran Hong Ha requested the Ministry of Industry and Trade to strictly adhere to the specific planning and critical paths (charts) of the project's implementation progress, in accordance with the Prime Minister's direction. According to a report by Vietnam Electricity Group (EVN), the 500 kV line circuit 3 (from Quang Trach, Quang Binh, to Pho Noi, Hung Yen) includes four component projects: Quang Trach - Quynh Luu, Quynh Luu - Thanh Hoa, Nam Dinh 1 - Thanh Hoa, and Nam Dinh 1 - Pho Noi.. Key drivers for this market are: Urbanization and population growth, Government policies and Foreign Investnents. Potential restraints include: Skilled Labor Shortage, Material Price Fluctuations. Notable trends are: Government plans to develop Infrastructure driving the Construction Market.

The global market size of Latin Data Center Construction is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Latin Data Center Construction Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Latin Data Center Construction industry. The key insights of the report:
1.The report provides key statistics on the market status of the Latin Data Center Construction manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Latin Data Center Construction industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Latin Data Center Construction Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Latin Data Center Construction as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Latin Data Center Construction market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

The Indian construction industry, a significant contributor to the nation's GDP, is experiencing robust growth, fueled by increasing urbanization, infrastructure development initiatives like the Bharatmala Project and Smart Cities Mission, and a burgeoning real estate sector. The market size, while not explicitly stated, can be reasonably estimated based on the provided CAGR of >6.00% and a global context. Considering the scale of India's infrastructure projects and population, a 2025 market size in the range of $200-300 billion USD is plausible, translating to a substantial number of millions in the specified value unit. This growth is propelled by multiple sectors: Commercial construction caters to the rising demand for office spaces and shopping malls; Residential construction addresses the housing shortage in urban areas and rising disposable incomes; Industrial construction supports manufacturing expansion and foreign investment; Infrastructure projects (transportation) are crucial for connecting diverse regions, while Energy and Utilities construction is essential for supporting the country's power needs. Key players like Lodha Group, L&T, and others are driving innovation and shaping the market landscape. However, challenges remain. Land acquisition complexities, regulatory hurdles, fluctuating raw material prices (especially cement and steel), and skilled labor shortages pose significant constraints to growth. While the government actively promotes ease of doing business, streamlining these processes is crucial to maintain the industry's momentum. The industry is also adapting to sustainable practices, incorporating green building technologies and materials to minimize environmental impact, in line with global sustainability goals. This shift towards sustainable construction, though initially increasing costs, is projected to become a driving force for long-term growth, attracting environmentally conscious investors and consumers. The forecast period of 2025-2033 is poised for further expansion, driven by continued government investment and a growing private sector participation, making India a highly attractive market for construction companies globally. Construction Industry in India: A Comprehensive Market Report (2019-2033) This report provides a detailed analysis of the Indian construction industry, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this in-depth study leverages historical data (2019-2024) to offer invaluable insights into market trends, growth drivers, challenges, and future projections. The report uses millions (Million) as its unit of measurement for key figures. Recent developments include: March 2023: L&T has inked an MoU with Odisha-based non-profit SLS Trust for setting up a Skill Training Hub at Badampahar in Odisha's Mayurbanj district. This facility will comprise classrooms, state-of-the-art simulators, yards for practical training, and residential accommodation for the trainees., November 2022: MEIL is building Mongolia's first greenfield oil refinery in Telangana. Megha Engineering & Infrastructures Limited (MEIL) has received a Letter of Award (LOA) for the Mongolia Refinery Project, which includes the construction of Mongolia's first oil refinery. MEIL will build EPC-2 (Open Art Units, Utilities & Offsites, Plant Buildings) and his EPC-3 (Captive Power Plants) in Mongolia at a cost of US$790 million. Engineers India Limited is the project management consultant for this G2G partnership project. The project is part of the 'Development Partnership Management' initiative of the Ministry of External Affairs, Government of India.. Key drivers for this market are: Government Initiatives, Demand for office and retail space. Potential restraints include: Lack of Skilled Labor, Supply chain issues and rising material costs. Notable trends are: Infrastructure projects drives the market.

Snapshot img

US Residential Construction Market Size 2025-2029

The US residential construction market size is forecast to increase by USD 242.9 million at a CAGR of 4.5% between 2024 and 2029.

The Residential Construction Market in the US is experiencing significant growth driven by increasing household formation rates and a rising focus on sustainability in new projects. According to the latest data, household formation is projected to continue growing at a steady pace, fueling the demand for new residential units. This trend is particularly evident in urban areas, where population growth and limited space for new development are driving up demand. Meanwhile, the emphasis on sustainability in residential construction is transforming the market landscape. With consumers increasingly prioritizing energy efficiency and eco-friendly features in their homes, builders and developers are responding by incorporating green technologies and sustainable materials into their projects.
This shift not only appeals to environmentally-conscious consumers but also offers long-term cost savings and regulatory compliance benefits. However, the market is not without challenges. Skilled labor shortages continue to pose a significant hurdle for large-scale residential real estate projects. The ongoing shortage of skilled laborers, including carpenters, electricians, and plumbers, is driving up labor costs and delaying project timelines. To mitigate this challenge, some builders are exploring alternative solutions, such as modular construction and automation, to streamline their operations and reduce their reliance on traditional labor sources. The Residential Construction Market in the US presents significant opportunities for companies seeking to capitalize on the growing demand for new housing units and the shift towards sustainability.
However, navigating the challenges of labor shortages and rising costs will require innovative solutions and strategic planning. By staying informed of market trends and adapting to evolving consumer preferences, companies can effectively position themselves for success in this dynamic market.

What will be the size of the US Residential Construction Market during the forecast period?

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The residential construction market in the United States continues to exhibit dynamic activity, driven by various economic factors. Housing supply remains a key focus, with ongoing discussions surrounding the affordable housing trend and efforts to increase inventory, particularly for single-family homes and new constructions. Mortgage and federal funds rates have an impact on residential investment, with fluctuations influencing buyer decisions and construction costs. The labor market plays a crucial role, as workforce availability and wages affect both housing starts and cancellation rates. Inflation and interest rates, monitored closely by the Federal Reserve, also shape the market's direction. Recession risks and economic conditions influence construction spending across various sectors, including multifamily and single-family homes.
Federal programs, such as housing choice vouchers and fair housing initiatives, continue to support home buyers and promote equitable housing opportunities. Building permits and housing starts serve as essential indicators of market health and future growth, with some sectors experiencing double-digit growth. Overall, the residential construction market in the US remains a significant economic driver, shaped by a complex interplay of economic, demographic, and policy factors.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Apartments and condominiums
  Luxury Homes
  Other types


Type

  New construction
  Renovation


Application

  Single family
  Multi-family


Construction Material

  Wood-framed
  Concrete
  Steel
  Modular/Prefabricated


Geography

  US

By Product Insights

The apartments and condominiums segment is estimated to witness significant growth during the forecast period.

The residential construction market in the US is experiencing growth in both the apartment and condominium sectors, driven by the increasing trend toward urbanization and changing lifestyle preferences. Apartments, typically owned by property management companies, and condominiums, with individually owned units within a larger complex, contribute significantly to the market. The Federal Reserve's influence on the economy through the federal funds rate and mortgage rates impacts borrowing rates and home construction activity. The affordability of housing, particularly for younger generations, is a concern due to factors such as inflation, labor market conditions, and savings

Snapshot img

South Korea Construction Market Size 2025-2029

The South Korea construction market size is forecast to increase by USD 61.6 billion, at a CAGR of 5.4% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand for modular houses. This trend is being fueled by the government's efforts to address housing shortages and improve urban living conditions. In addition, a surge in public infrastructure spending by the government is creating new opportunities for construction companies. The increasing adoption of technology to enhance efficiency and productivity, such as Building Information Modeling (BIM) and modular construction is also a key trend. However, the construction industry faces challenges, including a shortage of skilled labor, which can lead to project delays and increased costs. To mitigate these challenges, industry players are exploring innovative solutions such as automation and offsite construction techniques. Also, the sector faces a substantial challenge: a shortage of skilled labor. With an aging workforce and a lack of new entrants, the construction industry must find innovative solutions to meet the growing demand for projects.
Companies that can effectively address this labor shortage and leverage the government's infrastructure spending will be well-positioned to capitalize on the market's potential. Adapting to the trend towards modular housing and implementing efficient labor management strategies are essential for success in this dynamic market.

What will be the size of the South Korea Construction Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

In South Korea's construction market, architectural services and engineering services are in high demand for infrastructure projects, including energy and water infrastructure, transportation, and public-private partnerships (PPPs). The industry also prioritizes innovation in construction through the adoption of technology such as construction software, data analytics, and digital twin for project scheduling, quality control, and risk management. Labor unions play a significant role in the workforce development of the construction industry, ensuring adherence to sustainability standards and safety training. Meanwhile, precast concrete, roofing systems, and structural steel are commonly used in building envelope and earthmoving equipment for land use planning and paving projects.
Energy efficiency and waste reduction are key concerns in the sector, with a focus on AI and smart construction for fire protection, electrical systems, HVAC, and plumbing. Infrastructure projects require extensive environmental impact assessments and compliance with regulatory frameworks, driving the need for construction finance models and project permits. Construction companies invest in infrastructure projects, leveraging the latest technology and engineering services to ensure efficiency and safety. Innovation in construction continues to drive growth, with a focus on AI, structural steel, and concrete pumping for large-scale projects. Construction drawing and design processes are streamlined through digital tools, while project scheduling and risk management are optimized through data analytics.
In the realm of sustainability, the industry prioritizes the use of precast concrete, energy-efficient systems, and waste reduction strategies. Earthmoving equipment and paving technologies are employed for land use planning and infrastructure development, while fire protection and risk management systems ensure safety and compliance with regulations. Quality control is paramount in the construction industry, with a focus on innovation and technology to ensure adherence to sustainability standards and regulatory frameworks. Construction finance models and permitting processes are streamlined through digital tools and AI, enabling efficient project management and timely completion. In conclusion, South Korea's construction market is dynamic and innovative, driven by a focus on sustainability, technology, and efficiency.
Architectural services, engineering services, and infrastructure projects are at the forefront of growth, with a strong emphasis on quality control, risk management, and workforce development. The industry continues to evolve, with a focus on AI, digital tools, and innovation to meet the demands of a rapidly changing market.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Private
  Public


End-user

  Residential
  Non-residential
  Civil works


Geography

  APAC

Snapshot img

US Commercial Construction Market Size 2025-2029

The us commercial construction market size is forecast to increase by USD 191 billion at a CAGR of 2.7% between 2024 and 2029.

The Commercial Construction Market in the US is experiencing significant growth driven by the increasing trend towards sustainable building design and the emergence of smart cities. Green buildings, which incorporate energy-efficient designs and renewable energy sources, are gaining popularity due to their environmental benefits and cost savings over time. This trend is expected to continue, with the US Green Building Council reporting that nearly half of all new commercial construction projects in the US are now green certified. However, the market is not without challenges. One of the most pressing issues is the lack of skilled labor in the construction industry. According to the Associated General Contractors of America, over 80% of contractors report difficulty in filling hourly craft positions. This labor shortage is driving up costs and delaying project timelines, making effective workforce management a critical challenge for construction companies. To capitalize on the growth opportunities in the market, companies must focus on innovative solutions to address the labor shortage, such as training programs and partnerships with vocational schools. Additionally, leveraging technology, such as automation and modular construction, can help improve efficiency and reduce reliance on manual labor. Overall, the Commercial Construction Market in the US presents significant opportunities for companies that can effectively navigate these challenges and stay ahead of the trend towards sustainable and smart building design.

What will be the size of the US Commercial Construction Market during the forecast period?

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The commercial construction market in the US is experiencing significant dynamics and trends. Labor force shrinkage and escalating costs are major challenges for office building construction, repair and maintenance, water infrastructure projects, and mixed-use developments. Infrastructure development programs and urban regeneration are driving the need for energy-saving designs, outdoor leisure facilities, and renovation and retrofitting. Product lead times and fluctuating material prices add complexity to retail building projects in the non-residential building market. Labor shortages and rising building material prices are also impacting infrastructure projects and refurbishment and demolition activities. These factors necessitate innovative solutions and strategic planning for US businesses in the construction sector. Market research firms like FMI, Grand View Research, and Juniper Research provide valuable insights into these trends and dynamics.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. SectorPrivate constructionPublic constructionTypeBuildingOthersEnd-userOffice buildingsRetail spacesHotels and hospitalityHealthcare facilitiesOthersGeographyNorth AmericaUSEuropeMiddle East and AfricaAPACSouth AmericaRest of World (ROW)

By Sector Insights

The private construction segment is estimated to witness significant growth during the forecast period.

The commercial construction market in the US encompasses the development of various structures, including restaurants, grocery stores, shopping centers, office facilities, hospitals, and educational institutions. Notable projects, such as the El Paso VA Health Care Center in Fort Bliss, which had its groundbreaking on August 28, 2024, and Skymark Reston Town Center, the tallest residential tower in the Capital Region, which reached its topping out point in October 2023, contribute significantly to this sector's expansion. Infrastructure development programs, such as electric grid reconstruction and water infrastructure projects, are also driving the commercial construction market. For instance, the infrastructure bill, which includes funding for infrastructure projects, is expected to boost the market's growth. Additionally, the non-residential building market is experiencing a surge due to urban regeneration and renovation and retrofitting initiatives. However, the market faces challenges, including labor shortages, cost escalation, and fluctuating material prices. The construction industry's labor shortage is a significant concern, with an estimated 200,000 unfilled jobs in 2023. Furthermore, infrastructure projects often face delays due to labor shortages and rising material prices. The non-residential segment, including office buildings and retail buildings, is experiencing increased demand due to the shift towards energy-saving designs and the need for better communic

The global market size of Philippines Construction is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Philippines Construction Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Philippines Construction industry. The key insights of the report:
1.The report provides key statistics on the market status of the Philippines Construction manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Philippines Construction industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Philippines Construction Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Philippines Construction as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Philippines Construction market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
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The construction industry grew to a spending value of close to ** trillion U.S. dollars before the coronavirus pandemic, and is expected to grow by ***** percent per annum. This includes building projects in real estate - either residential or commercial - but also in infrastructure or industrial structures. Construction spending data includes cost of labor and materials, architectural and engineering work, and taxes.The United States has one of the largest construction industries in the world, with their total value of new construction having grown since the global Recession. Between 2019 and 2020, Buenos Aires is expected to the have one of the largest growths in the city’s constructions costs. In 2021, Asia Pacific is expected to have the highest construction industry output in the world.

The Eastern European construction market, valued at approximately €[Estimate based on XX million and market context, e.g., €200 million] in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 7.00% from 2025 to 2033. This expansion is driven by several key factors. Firstly, increasing urbanization and population growth across the region are fueling demand for residential and commercial construction. Secondly, significant investments in infrastructure development, particularly in transportation networks and energy infrastructure (modernization and expansion of renewable energy sources), are providing a substantial boost to the market. Furthermore, government initiatives focused on improving housing affordability and sustainable urban development are acting as catalysts. While challenges remain, such as economic volatility in some Eastern European countries and potential labor shortages, the overall outlook remains positive. However, certain constraints could temper growth. Geopolitical instability and fluctuations in raw material prices present ongoing risks. Furthermore, the regulatory environment and bureaucratic processes can sometimes hinder project implementation. The market is segmented across residential, commercial, industrial, infrastructure (transportation), and energy and utilities sectors, with residential and infrastructure projects likely dominating market share. Key players, including Vinci, Fomento de Construcciones y Contratas, Balfour Beatty, Strabag, ACS, Royal BAM Group NV, Bouygues, Eiffage, Skanska, and Acciona, are actively competing for market share, often focusing on large-scale infrastructure projects and public-private partnerships. The varying economic conditions across countries like Romania, Hungary, Croatia, Ukraine, Bulgaria, and the rest of Eastern Europe will influence sector-specific growth trajectories within the overall market. This in-depth report provides a comprehensive analysis of the Eastern Europe construction market, offering invaluable insights for investors, contractors, and industry stakeholders. With a study period spanning from 2019 to 2033, a base year of 2025, and a forecast period from 2025 to 2033, this report leverages historical data (2019-2024) to provide accurate projections of market growth and dynamics. The report delves into market size (in millions), key trends, and growth drivers across various segments including residential, commercial, industrial, infrastructure (transportation), and energy & utilities construction. This report is your key to unlocking the potential of this dynamic market. Key drivers for this market are: Urbanization and Infrastructure Development, Sustainable Construction Practices. Potential restraints include: Labor Shortages and Costs. Notable trends are: Increase in Residential Building Permits in Romania:.

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Spain Construction Market Size 2025-2029

The spain construction market size is forecast to increase by USD 33.9 billion at a CAGR of 5.4% between 2024 and 2029.

The Spanish construction market is experiencing significant growth, driven by the increasing focus on the development of smart city projects and the in government spending on public infrastructure. These trends are creating lucrative opportunities for both local and international players in the industry. However, the market is not without challenges, as high energy and construction material prices continue to pose significant cost pressures. Despite these challenges, the Spanish construction sector is expected to continue its upward trajectory, with the potential for strong returns for companies that can effectively navigate these market dynamics. The smart city initiatives, which prioritize sustainable and technologically advanced urban development, offer particular opportunities for innovation and differentiation. Companies seeking to capitalize on these trends should consider strategic partnerships and investments in sustainable technologies to stay competitive in the market. Additionally, those able to manage cost pressures through efficient operations and supply chain management will be well-positioned for success. Overall, the Spanish construction market presents a compelling investment opportunity for companies looking to expand their footprint in Europe and contribute to the development of modern, sustainable urban infrastructure.

What will be the size of the Spain Construction Market during the forecast period?

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The construction industry in the US is experiencing significant growth across various sectors. Specialty trade contractors and residential building activities continue to dominate the market, while commercial building activities and public projects are also gaining momentum. The type of construction is evolving, with a focus on smart infrastructure and advanced materials such as 3D printing. Infrastructure projects are a key area of investment, driven by the need for modernization and efficiency. The use of technology is transforming the industry, with digital tools and advanced materials playing a crucial role in streamlining processes and improving project outcomes. Commercial buildings construction is also embracing innovation, with a shift towards sustainable and energy-efficient designs. Overall, the construction market is dynamic and forward-looking, driven by the need for efficiency, innovation, and sustainability.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationCommercialResidentialEnd-userLarge contractorSmall contractorTypeRehabilitation and maintenanceNew projectsGeographySpain

By Application Insights

The commercial segment is estimated to witness significant growth during the forecast period.

In Spain's construction market, the commercial segment is experiencing notable growth. This expansion is driven by substantial investments in commercial real estate and the industrial sector. The moderate increase in commercial office space and industrial development is primarily due to the rising demand for new administrative spaces and office buildings. However, the renovation and modernization of existing structures are also significant contributors to market growth. These renovation projects often incorporate advanced energy-efficient technologies, such as low-VOC paints, energy-efficient insulation, and water-saving tech, to reduce environmental impact and improve sustainability. Additionally, the integration of digital technologies, including virtual reality, augmented reality, and digital twins, is transforming the construction process, enabling faster project delivery and more precise planning. Private sector investments in residential building activities, including affordable housing programs and modular construction, are also gaining momentum. The construction industry in Spain is embracing new technologies, such as 3D printing, recycled steel, and renewable energy, to address population growth and economic growth in urban areas. The adoption of smart infrastructure, including autonomous vehicles and solar farms, is further enhancing the sustainability of construction projects. Despite the challenges posed by environmental issues and the need for energy grid modernization, the market remains dynamic and forward-looking.

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The Commercial segment was valued at USD 73.00 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyze

The Indonesian construction industry, valued at $284.17 million in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 7.50% from 2025 to 2033. This expansion is driven by several key factors. Firstly, significant government investment in infrastructure development, particularly in transportation projects like roads, railways, and ports, fuels substantial demand. Secondly, a growing population and rising urbanization necessitate the construction of new residential and commercial buildings, contributing to market expansion. Finally, the energy and utilities sector is undergoing significant upgrades and expansions, creating further opportunities for construction companies. Major players like Adhi Karya, Waskita Karya, and Samsung C&T are key beneficiaries of these trends, competing for large-scale projects. However, challenges remain. These include potential fluctuations in government spending, material cost volatility influenced by global commodity prices, and a need for skilled labor to meet the increasing demand. The industry's segmentation reflects these drivers, with commercial, residential, industrial, infrastructure (transportation), and energy & utilities construction sectors all contributing significantly to the overall market size. The consistent growth trajectory indicates a promising outlook for the Indonesian construction industry, albeit one subject to ongoing economic and logistical considerations. The forecast period of 2025-2033 presents considerable opportunities for both domestic and international construction firms. Growth within the residential sector is expected to outpace other segments due to rapid urbanization and a burgeoning middle class. Industrial construction will also see significant growth fueled by foreign direct investment and the expansion of manufacturing activities. Infrastructure projects, funded by both public and private sectors, will remain a crucial driver of overall market expansion. Strategic partnerships between local and international companies will play a vital role in leveraging expertise and resources to successfully navigate the market's dynamics. Furthermore, embracing sustainable construction practices and integrating innovative technologies will become increasingly crucial for companies to gain a competitive edge. Careful management of risks associated with regulatory changes, labor availability, and material costs will be essential for long-term success in this dynamic and expanding market. This report provides a detailed analysis of the Indonesian construction industry, offering invaluable insights for investors, businesses, and policymakers. With a focus on the period 2019-2033, including a base year of 2025 and a forecast period spanning 2025-2033, this study delves into market dynamics, key players, and future trends. The report utilizes high-search-volume keywords like "Indonesia construction market," "Indonesian infrastructure development," "Indonesian construction industry forecast," and "Southeast Asia construction," to ensure maximum online visibility. Key drivers for this market are: Government Policies and Regulatory Support, Tourism and Hospitality Sector Growth. Potential restraints include: Financial and Funding Challenges. Notable trends are: Growth of Infrastructural Plans Drives the Construction Market In Indonesia.

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Prefabricated Construction Market Size 2025-2029

The prefabricated construction market size is forecast to increase by USD 74 billion at a CAGR of 8.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for efficient and cost-effective building solutions, particularly in the healthcare sector. The healthcare industry's focus on reducing construction time and costs, while maintaining high standards of quality and sustainability, is propelling the adoption of prefabricated construction methods. However, the market faces challenges that could hinder its growth potential. Regulatory hurdles impact adoption as stringent building codes and standards require compliance, which can add to the cost and complexity of prefabricated construction projects. Additionally, supply chain inconsistencies can pose challenges, as the availability and reliability of raw materials and components can impact production schedules and project timelines. There is an increasing demand for prefabricated solutions in smart healthcare, as these offer efficiency and cost-effectiveness. These structures offer numerous advantages, such as faster construction times and improved quality control, making them an attractive option for healthcare facilities. The growing preference for lightweight construction materials is also contributing, as these materials offer easier handling and faster construction.
The shortage of skilled labor further complicates matters, as the industry requires a workforce with the expertise to design, manufacture, and install prefabricated components efficiently. To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on innovation and collaboration. Investing in research and development to create advanced prefabricated construction technologies and solutions can help overcome regulatory and supply chain challenges. Building strategic partnerships with suppliers, contractors, and regulatory bodies can also help streamline operations and ensure compliance. Moreover, companies can address the labor shortage by investing in training programs and offering competitive compensation packages to attract and retain skilled workers.

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The market is experiencing significant growth, driven by the adoption of innovative solutions such as composite panels, modular furniture, and prefabricated bathrooms. These products offer emissions reduction benefits, aligning with the passive house and LEED certification standards. Construction risk management and life cycle assessment are essential considerations in this sector, with supply chain management playing a crucial role in optimizing costs and reducing carbon footprint. Precast concrete and cross-laminated timber (CLT) are popular materials in prefabricated construction, offering sustainability and efficiency advantages. Green building certifications, such as LEED and the Well Building Standard, are increasingly sought after, driving demand for smart homes and net-zero energy buildings.
Construction data analytics, project planning tools, and BIM software enable more efficient design and planning processes. Building codes compliance, zoning approvals, and circular economy principles are essential for sustainable and cost-effective construction projects. Construction software, building automation, and digital twins facilitate streamlined construction processes, ensuring compliance with regulations and reducing waste. The market is also witnessing the integration of passive house, LEED certification, and net-zero energy standards into building codes, further driving demand for prefabricated construction solutions.

How is this Prefabricated Construction Industry segmented?

The prefabricated construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Non-residential
  Residential


Material

  Steel
  Concrete
  Wood
  Others


Type

  Four sided
  Open sided
  Partially open sided
  Others


Geography

  North America

    US


  Europe

    France
    Germany
    Italy
    The Netherlands
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The non-residential segment is estimated to witness significant growth during the forecast period.

Prefabricated construction is experiencing significant growth in the US market, particularly in commercial and industrial sectors. This trend is driven by the efficiency and cost savings offered by prefabricated methods, which enable faster construction timelines and reduced labor costs. Indust

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Australia Construction Market Size 2025-2029

The australia construction market size is forecast to increase by USD 42.1 billion at a CAGR of 3.5% between 2024 and 2029.

The market is experiencing significant shifts driven by three key factors. Firstly, the mass population shift towards urban cities is fueling a surge in demand for residential and commercial construction projects. This trend is expected to continue as more people move to urban areas in search of employment opportunities and improved infrastructure. Secondly, the adoption of dry construction techniques is gaining momentum in the Australian construction industry. Dry construction methods, such as precast concrete and modular construction, offer numerous advantages, including faster construction times, reduced labor costs, and improved sustainability. As a result, many construction companies are investing in these methods to stay competitive and meet the increasing demand for efficient and cost-effective construction solutions. However, the market is not without its challenges. The rising cost of construction materials is a significant obstacle for construction companies in Australia. Raw materials, such as steel, cement, and timber, have seen significant price increases in recent years due to various factors, including supply chain disruptions and increased demand. This trend is putting pressure on construction companies to find ways to reduce material costs while maintaining quality and efficiency. Additionally, the industry is facing regulatory challenges, with stricter building codes and environmental regulations adding complexity to construction projects and increasing costs. To navigate these challenges, construction companies must focus on innovation, efficiency, and collaboration with suppliers and regulators to find solutions that meet the evolving needs of the market.

What will be the size of the Australia Construction Market during the forecast period?

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The Australian construction market is characterized by a complex regulatory environment and a focus on innovation and sustainability. Construction industry regulations ensure building codes are met, while value engineering and construction cost management help minimize expenses. Sustainable building practices, such as energy efficiency and water conservation, are increasingly prioritized. Construction innovations, including prefabricated structures, automation, drones, and 3D printing, are transforming the industry. Construction risk analysis is crucial for project completion and scheduling, with safety regulations and quality assurance essential for workforce development. Construction equipment parts and repair, as well as heavy equipment rental, are key components of project risk assessment and cost management. The skills gap in the construction workforce is a significant challenge, with AI and modular construction offering potential solutions. Construction insurance claims and project risk assessment are integral to managing unexpected events and ensuring building performance. Construction labor shortages necessitate continuous workforce development and the adoption of new technologies.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. SectorBuilding constructionInfrastructure constructionIndustrial constructionEnd-userEngineeringResidentialNon-residentialTypeNew constructionRedevelopmentGeographyAPACAustralia

By Sector Insights

The building construction segment is estimated to witness significant growth during the forecast period.

The construction industry in Australia is marked by significant growth in both residential and commercial sectors. With an increasing population of 26.05 million people in 2022, according to World Bank Data, the demand for housing, whether single-family homes or multi-unit developments, is on the rise. Cities like Sydney and Melbourne have seen an increase in high-rise apartment projects to cater to the urban population. In commercial construction, the growing business sector fuels the demand for office and retail space. Environmental regulations play a crucial role in the industry, with a focus on sustainable practices and green building. Construction technology advances have led to innovations such as 3D modeling, construction software, and automation in heavy machinery like skid steer loaders and backhoe loaders. Construction safety is a top priority, with worksite safety regulations strictly enforced. Construction projects require substantial investment capital, from construction financing