The Report Covers US Commercial Building Construction Industry Statistics & Growth. The Market is Segmented by End User (Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, and Others). The market size and forecasts are provided in terms of value (USD billion) for all the above segments.

Industry operators construct complete residential and non-residential buildings, either on their own account for sale, or on a fee or contract basis for external clients and property developers. Firms may outsource discrete segments of the construction phase to specialist tradespeople classified elsewhere, including electricians, mechanical engineers and scaffolders. Maintenance and repair solutions for residential and non-residential property also fall under the scope of the industry.

TBRC construction market report includes buildings construction, heavy and civil engineering construction, specialty trade contractors

Divergent trends in the building and infrastructure sectors have constrained the Construction division’s performance through the end of 2024-25, with revenue expected to drop by an annualised 1.2% to $521.2 billion. Rollercoaster-like trends in the residential building market and pandemic-related supply chain disruptions have constrained the performance of homebuilders and many special construction service industries. Still, favourable trends in non-residential building construction and non-building infrastructure construction generate buoyant conditions for some Construction division segments. New house construction surged to a record peak in 2021-22, supported by the Federal Government’s HomeBuilder stimulus and record-low interest rates. Still, new house construction has plunged in recent years following the hike in mortgage interest rates as the RBA seeks to quell inflation. Many small homebuilders have hit the wall in response to intense competition, escalating input costs and plunging profit margins. Conversely, the construction of multi-unit apartments and townhouses has gradually recovered from the deep trough in 2021-22 as investors return to address the severe rental shortages in the face of mounting population pressures. Divisional revenue contracted with the 2023-24 housing slump and is expected to sink 3.2% in 2024-25. Some large prime and specialist trade contractors have derived substantial stimulus from constructing landmark road and rail developments, including the WestConnex motorway in Sydney and the Cross River Rail in Brisbane. Similarly, conditions have been strong for contractors working on non-residential building projects, particularly accelerated growth in the construction of industrial warehouses and distribution facilities. Favourable trends in the residential building market are forecast to underpin modest growth in Construction division revenue at an annualised 1.2% over the five years through 2029-30 to $554.0 billion. Many prime building and special construction contractors will benefit from an upswing in demand for constructing multi-unit dwellings and, to a lesser extent, single-unit housing and home renovations. The housing market will benefit from the initiatives under the National Housing Accord. Construction activity will remain stable in the non-residential market. At the same time, the principal constraint on the Construction division will come from the staged completion of several landmark road and rail projects.

The Asia-Pacific Building and Construction Sheets Market is segmented by Material (Bitumen, Rubber, Metal, and Polymer), Application (Flooring, Walls and Ceiling, Windows, Doors, Roofing, and Other Applications), End User (Residential, Commercial, and Industrial), and Geography (China, India, Japan, and Rest of Asia-Pacific). The report offers the market size and forecasts in value (USD billion) for all the above segments.

Residential Construction Market Outlook

The global residential construction market size was valued at $XX billion in 2023 and is projected to reach $XX billion by 2032, growing at a compound annual growth rate (CAGR) of XX% during the forecast period. This considerable growth is driven by several factors, including increasing urbanization, rising disposable incomes, and government initiatives focused on housing development. The expanding population, especially in emerging economies, and the growing trend toward nuclear families are also crucial drivers bolstering the market's growth.

One of the primary growth factors for the residential construction market is the rapid urbanization observed worldwide. As more people move from rural areas to urban centers in search of better employment opportunities and improved living standards, the demand for residential units in cities has skyrocketed. Urbanization not only increases the demand for new housing but also necessitates the renovation and upgrading of existing infrastructure to accommodate the growing population. Additionally, governments around the world are implementing policies and offering incentives to stimulate the housing sector, thus directly contributing to market growth.

Another significant driver is the rise in disposable incomes, especially in developing nations. Higher disposable incomes enable individuals and families to invest in better housing, resulting in increased demand for residential construction. Economic growth in various regions has led to a higher standard of living, with more people aspiring to own homes that offer enhanced comfort and amenities. This trend is complemented by the availability of favorable financing options and mortgage rates, which make home buying more accessible to a larger segment of the population.

Technological advancements in construction techniques and materials are also playing a pivotal role in the market's growth. Innovations such as prefabrication, 3D printing, and green building materials are not only making construction quicker and more cost-efficient but are also aligning with the growing demand for sustainable and energy-efficient homes. These technological improvements are attracting both homeowners and real estate developers, eager to reduce costs and enhance the quality of construction. Consequently, technology is evolving into a critical enabler of the marketÂ’s expansion.

Regionally, Asia Pacific is expected to dominate the residential construction market during the forecast period. Rapid economic development, substantial urban migration, and supportive governmental policies are driving the market in this region. Countries like China and India, with their massive populations and expanding middle classes, present immense opportunities for residential construction. However, North America and Europe are also experiencing steady growth, driven by urban renewal projects and an increasing focus on sustainable living spaces. The Middle East & Africa and Latin America, while smaller in market share, are anticipated to witness moderate growth fueled by urbanization and infrastructural investments.

Construction Spending plays a pivotal role in shaping the dynamics of the residential construction market. The allocation of funds towards building new homes and renovating existing structures directly influences the pace and scale of market growth. Governments and private investors are increasingly recognizing the importance of strategic construction spending to address housing shortages and improve living conditions. By channeling resources into construction projects, stakeholders can stimulate economic activity, create jobs, and enhance infrastructure. This financial commitment not only supports the development of new residential units but also ensures the modernization and sustainability of existing housing stock, aligning with broader urban development goals.

Type Analysis

The residential construction market can be segmented by type into single-family housing and multi-family housing. Single-family housing remains a dominant segment, driven by the growing preference for privacy and individual living spaces. This trend is particularly prominent in North America and Europe, where suburban living is highly popular. Single-family homes offer the luxury of private outdoor spaces, better control over living conditions, and more room for customization, making them highly desirable among homeowners. The financial incentives provided by g

In 2024, global Construction market size was valued at $11.39 Tn, and it is expected to reach $16.11 Tn by 2030 with a CAGR of 5.5% from 2025 to 2030

The Global Offsite Construction Market Size Was Worth USD 155.24 Billion in 2023 and Is Expected To Reach USD 262.28 Billion by 2032, CAGR of 6.00%.

North America Buildings and Construction Sheets Market report is segmented by material (bitumen, rubber, metal, and polymer), end user (residential, commercial, and industrial), and country (United States and Canada). The report offers size and forecasts for all the above segments in value (USD).

The global building construction and maintenance market is experiencing robust growth, driven by increasing urbanization, infrastructure development, and a rising demand for sustainable building practices. While precise figures for market size and CAGR weren't provided, a reasonable estimation based on industry trends suggests a 2025 market size of approximately $5 trillion, exhibiting a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is fueled by several key drivers, including government initiatives promoting green buildings, technological advancements in construction methods (like modular construction and BIM), and the expanding need for building maintenance and renovation in both residential and commercial sectors. The market is segmented by type (design, construction, maintenance) and application (public, commercial, government, residential buildings), offering diverse investment and growth opportunities across various geographical regions. The market's growth trajectory is influenced by several factors. Increasing government regulations aimed at improving energy efficiency and safety standards present both challenges and opportunities for market players. Furthermore, fluctuations in raw material prices, labor shortages, and the impact of global economic conditions pose potential restraints. However, the sustained demand for quality housing and commercial spaces in rapidly developing economies, coupled with the increasing adoption of smart building technologies, suggests a positive outlook for the long-term growth of this sector. Key players are strategically focusing on innovative solutions, mergers and acquisitions, and geographic expansion to consolidate their market presence and capitalize on the rising demand. The Asia-Pacific region is projected to witness significant growth due to substantial infrastructure investments and rapid urbanization.

Global Residential Building Construction market size is expected to reach $6023.61 billion by 2029 at 6.6%, segmented as by product type, new-single family housing construction, new-multi family housing construction, other types

The Construction Industry In Africa market report segments the industry into By Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, Energy and Utilities Construction), By Construction Type (Additions, Demolition, New Constructions), and By Region (Eastern Africa, Western Africa, Southern Africa, Northern Africa).

Building Boards Market Outlook

The global building boards market size in 2023 was estimated to be approximately USD 40 billion, with projections indicating a growth to around USD 60 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.5%. This growth is primarily driven by the increasing demand for sustainable and energy-efficient building materials. Rising urbanization, coupled with the burgeoning construction activities in both residential and commercial sectors, is significantly propelling the market forward. The demand for renovation and modernization of existing infrastructure, alongside a focus on reducing environmental impact with greener construction materials, further contributes to this upward trajectory.

One of the key growth factors in the building boards market is the heightened awareness and implementation of eco-friendly building practices. Consumers and builders alike are increasingly seeking materials that not only offer durability and cost-effectiveness but also minimize environmental footprints. As policies and regulations worldwide begin to favor sustainable construction, the adoption of building boards that meet these criteria is anticipated to rise. Moreover, technological advancements in the manufacturing of composite and plastic boards are introducing new products that provide enhanced performance, thereby broadening their application scope in the construction industry.

The evolution of construction methods and technological innovations are also pivotal to the market's growth. Innovative building practices such as modular construction are gaining traction, which in turn fuels demand for prefabricated building boards. These boards are engineered to precise specifications, facilitating quicker assembly and reducing waste. Additionally, the integration of smart technologies in construction materials, allowing for features such as thermal regulation and structural health monitoring, is expected to usher in new growth avenues. Consequently, manufacturers are investing in research and development to produce building boards that incorporate these advanced features, catering to the evolving needs of modern construction.

Furthermore, the rise in disposable incomes and increasing middle-class populations in emerging economies are bolstering construction activities, thereby escalating demand for building boards. Asia Pacific, in particular, as a region, is witnessing a construction boom, driven by urbanization and infrastructural development. The need for affordable housing and commercial spaces in countries like China and India is particularly noteworthy, adding momentum to the market. Similarly, government initiatives to improve public infrastructure across various regions are creating lucrative opportunities for market players to expand their reach and enhance product offerings.

In the context of modern construction, Backer Board has emerged as a crucial component, especially in areas prone to moisture exposure. These boards are primarily used as a substrate for tiles in wet areas such as bathrooms and kitchens, providing a stable and moisture-resistant surface that prevents water damage to underlying structures. The demand for backer boards is rising as builders and homeowners increasingly prioritize durability and longevity in their projects. Additionally, backer boards offer excellent adhesion properties for tiles, ensuring a secure and lasting installation. As the construction industry continues to evolve, the versatility and reliability of backer boards make them an indispensable choice for both residential and commercial applications.

Product Type Analysis

The building boards market is segmented into various product types, including wooden boards, composite boards, plastic boards, and metal boards, each offering distinct advantages and catering to different construction needs. Wooden boards have traditionally held a significant share of the market due to their natural aesthetic appeal and ease of customization. However, concerns over deforestation and the sustainability of wood resources are gradually shifting consumer preference towards more sustainable alternatives. To counteract this, manufacturers are focusing on sustainable forestry practices and innovations in wood treatment that enhance durability and resistance to pests and environmental factors.

Composite boards are emerging as a highly preferred choice owing to their superior durability, lightweight nature, and resistance to moisture and termites. The

The Global Construction Services market size was USD 8248.9 billion in 2022. Construction Services Industry's Compound Annual Growth Rate will be 6.20% from 2023 to 2030. What are the Drivers Influencing the Growth of the Civil Construction Services Market?

Rise in Disposable Income to Provide Viable Market Output

The increase in disposable income is a key factor driving growth in the Global Civil Engineering Market. This market is expected to experience significant growth in the coming years due to the rise in disposable income and technological advancements within the construction industry. The growing urban population's need for accommodation is also fueling the demand for civil engineering services. Many market players are now prioritizing using green building materials, which are both eco-friendly and energy-efficient, contributing to the construction of sustainable structures.

HDR is extending its technical superiority by acquiring WRECO, a company with expertise in civil engineering, environmental compliance, geotechnical engineering, and water resources planning. WRECO is the second company from California that HDR has bought in 2021. In order to improve the company's multimodal transportation services, HDR hired WKE out of Santa Ana in June.

Increased public-private partnerships help improve infrastructure and stimulate the national economy and jobs in the economy. Now, the world has become a digitized civil engineering industry; along with digitalization, many new technologies have been introduced that will facilitate the growth of the global economy. Buzz needs to develop the civil engineers network and change the construction process. Increasing private financing and assistance for various construction projects will strengthen the private sector in the future.

The Factors are Restricting Growth of Civil Construction Services Market

Regulatory Complexities and Permitting Delays to Hinder Market Growth

Regulatory complexities and permitting delays are key restraints in the civil construction services market, impeding the smooth progression of projects. The construction industry is subject to a multitude of local, regional, and national regulations, codes, and permitting processes that govern various aspects of project planning, design, and execution. Navigating this intricate landscape can be challenging, as compliance requires meticulous attention to detail and a deep understanding of the evolving legal requirements. Additionally, obtaining necessary permits often involves lengthy approval processes, causing delays impacting project timelines and budgets. These delays increase operational costs and hinder construction companies' ability to meet deadlines and client expectations.

Impact Of COVID-19 on the Civil Construction Services Market

The global outbreak of COVID-19 has had a significant impact on the trade relations of major players in various industries worldwide. The growth of the global civil engineering industry, specifically in the structural design sector, can be largely attributed to increased investment and advancements in development projects. However, implementing lockdown measures in different countries has resulted in suspending development activities and halted infrastructure progress, particularly in emerging economies such as India, China, and other Southeast Asian nations.

Opportunity for Construction Services Market

Increase in infrastructure development is presenting key growth opportunity for the market. 

The Construction Services Market has been substantially growing and Increase in infrastructure development present key growth opportunity due to the contracts of new infrastructure projects, rising population and increasing jobs in both public and private sector. The urbanization and is leading to increasing new buildings and residential infrastructure. this growth has resulted in increasing requirement of comprehensive construction services and efficient management for the increasing demand. These factors result in increasing in deployment of construction services. The infrastructure projects like the airport expansions, Train junction development and other public infrastructure is creating additional need for Construction Services. These factors contribute significant for market development and present key market growth opportunity. Introduction of Construction Servic...

As Per BIS Industry Analysis the global construction sustainable materials market is Expected to grow 12.0% between 2017 to 2026. Know Market Forecast, Size, Trends.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

The Smart Building Market size is expected to reach a valuation of USD 612.2 billion in 2033 growing at a CAGR of 22.10%. The Smart Building Market research report classifies market by share, trend, demand, forecast and based on segmentation.

Aluminum For Construction Market size is valued at USD 196.35 Billion in 2023 and is projected to reach USD 283.79 Billion by 2030, growing at a CAGR of 5.4% during the forecast period 2024-2030.Key market drivers for the Aluminum for Construction Market include rising demand for lightweight, durable, and corrosion-resistant building materials, rapid urbanization and infrastructure development, and growing emphasis on sustainable and energy-efficient construction. Additionally, aluminum's recyclability and its use in green building certifications further boost its adoption in modern architectural applications.

In 2024, the Norway Construction Market reached $65.32 billion, and is projected to surge to $101.70 billion by 2030, at a CAGR of 6.0% from 2025 to 2030

India's residential construction market report is segmented by type (apartments and condominiums, villas, and other types) and by construction type (new construction and renovation). The report offers the market sizes and forecasts for the Indian residential construction market in value (USD) for all the above segments and the impact of COVID-19 on the market.