The value of non-residential building construction put in place in 2029 in the United States is expected to reach *** billion U.S. dollars. Non-residential construction can include segments like the construction of lodging, offices, commercial buildings, health care, and education. Generally, the U.S. construction industry is linked to the economic wellbeing of the country. Construction industry needs Within the non-residential building industry, commercial building construction in the U.S. decreased in 2024 after increasing considerably the prior two years. However, the construction industry faces challenges such as the rising construction costs. The modernization of a typically conservative industry will be important in the near future to support customer demands and to improve operation models. Integrating sustainable building processes and features in projects as well as establishing technological advancements like building information modeling (BIM) will be essential for the future of the construction industry. Non-residential vs. residential During the past years, new residential construction in the United States usually had a higher value than non-residential construction. Until 2019, the values of new residential and non-residential construction had remained fairly similar. However, the value of new residential construction started quite fast between 2020 and 2022. Nevertheless, the number of permits for private housing construction started decreasing since late 2022

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?

Request Free Sample

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

Based on short-term projections, the U.S. non-residential construction market is expected to increase by approximately *** percent in 2025. That year, growth is expected to be the highest in the data center construction segment, with a year-on-year change of **** percent. Meanwhile, the value of spending on warehouses was expected to decrease that year, but to recover in 2026. The value of private non-residential buildings put in place in the U.S. soared in 2023 and continued growing in 2024. That was similar to how public non-residential construction has evolved, which also had a noticeable growth in 2023 and 2024. Non-residential construction market There are various drivers that impact the non-residential construction market and can be highly dependent on the sector. Demand for leisure travel has a major influence on the value of hotel construction in the United States. For example, construction spending on the hotels fell sharply in the first years of the COVID-19 pandemic, when travel was constrained. On the other hand, the growth in the office building market is guided to a large extent by corporate relocations, the lack of vacant spaces in major metropolitans, and trends in the hybrid working policies of companies. Industrial real estate receives most investment The value of investment in commercial real estate in the U.S. fell significantly in 2022 and 2023, but it started recovering slightly in 2024. The value of investment in office real estate fell the most in the past years, but it grew at a faster pace than other segments in 2024.

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 Turkish commercial construction industry, encompassing office, retail, hospitality, and institutional building projects, presents a robust growth trajectory. With a market size exceeding a certain value (precise figure unavailable, requiring further research for accurate estimation) in 2025, and a Compound Annual Growth Rate (CAGR) exceeding 5%, the sector is poised for significant expansion through 2033. This growth is fueled by several key drivers, including increasing urbanization within Turkey, rising disposable incomes leading to higher consumer spending in retail and hospitality, and government initiatives supporting infrastructure development. The ongoing expansion of major Turkish cities like Istanbul and Ankara, coupled with a growing tourism sector, contributes substantially to the demand for new commercial spaces. Furthermore, a burgeoning middle class and rising foreign direct investment are further bolstering the sector's prospects. However, potential restraints include economic volatility, fluctuations in construction material costs, and potential labor shortages. The market is segmented across various project types, with office building construction likely holding a significant share, followed by retail and hospitality, depending on current economic conditions and investor confidence. Leading players like Rönesans Holding, Albayrak Group, and ENKA İnsaat are strategically positioned to capitalize on these market opportunities. The forecast period suggests continued expansion, indicating a promising investment landscape for both domestic and international players. The segment breakdown within the Turkish commercial construction market shows a dynamic landscape. While precise market share data for each segment is currently unavailable (requiring additional research), a reasonable estimation, based on observed market trends and industry knowledge, can be provided. Office building construction, driven by both corporate expansion and the rising need for modern workspaces, is projected to hold a significant share. The hospitality sector, boosted by Turkey's growing tourism appeal, is anticipated to exhibit strong growth. Retail construction will likely follow similar trends influenced by consumer spending and evolving retail models. Institutional construction, comprising projects like schools and hospitals, will experience growth driven by government investment. The "Others" segment encompasses various smaller-scale projects, adding to the overall market size. Competition within this industry is fierce, with established players continually adapting to maintain market share in this evolving and growing sector. Comprehensive Coverage Turkey Commercial Construction Industry Report (2019-2033) This in-depth report provides a comprehensive analysis of the Turkey commercial construction industry, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period extending to 2033, this report offers invaluable insights into market trends, key players, and future growth prospects. The study utilizes data from the historical period (2019-2024) to build a robust foundation for its projections. Key search terms include: Turkey construction market, Turkish commercial real estate, Istanbul construction projects, Ankara construction, Turkish construction companies, hospital construction Turkey, retail construction Turkey. Recent developments include: December 2022: The European Bank for Reconstruction and Development (EBRD) will provide a long-term convertible loan of EUR 75 million (USD 79.5 million) to a subsidiary of Turkey's Ronesans Holding for hospital infrastructure investment. Ronesans Saglik Yatirim, the unit of the conglomerate that runs hospitals, will undertake to complete the newly acquired hospital project in their portfolio. Rönesans currently has five operational hospital projects in progress, with a combined construction area of 3.2 million m2 and a total capacity of 7,100 beds. Once all of these projects have been completed, Rönesans will reach a total capacity of 9,000 beds., August 2022: Construction of a new stadium has just begun in the Turkish capital, on the site of Ankara 19 Mayıs Stadyumu, which was demolished in 2018. The venue was originally planned to have a capacity of 55,000 spectators. However, the project has been skimmed and the arena will ultimately be able to accommodate 45,000 people.On June 13 2022, a deal was signed with the contractor, which became a consortium of Yıldızlar Grup and ASL İnşaat. The value of the contract is TRY 4.52 billion (USD 0.24 billion), all coming from public funds. Construction of the stadium is expected to be completed by 2025 at the latest. The auditorium will consist of high, two-tier stands, surrounding the pitch on all sides.. Key drivers for this market are: Office Space Demand Fuelling the Market Growth of Commercial Construction, Growing Retail Sector to Support the Market Development in the Turkey. Potential restraints include: Shortage of Skilled Labour in the Construction Industry, Complex architectural designs or unique project requirements can pose restraints.. Notable trends are: Office Space Demand Fuelling the Market Growth.

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 Canadian commercial building construction market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, a burgeoning Canadian economy, particularly in major cities like Toronto, Vancouver, and Ottawa, is stimulating demand for new office spaces, retail outlets, and hospitality facilities. Secondly, increasing urbanization and population growth are creating a need for more infrastructure and commercial buildings across the country. Thirdly, government initiatives promoting sustainable and green building practices are driving investment in environmentally conscious construction projects. Finally, technological advancements in construction methods and materials are enhancing efficiency and reducing project timelines. The market is segmented across various building types, with hospitality, office, and retail construction representing significant shares. While the "Other Types" segment also contributes, its exact breakdown requires further investigation.
However, the market faces certain restraints. Fluctuations in material costs, labor shortages, and potential economic downturns can impact project timelines and budgets. Furthermore, stringent building codes and regulations can increase project complexity and costs. Despite these challenges, the long-term outlook remains positive, driven by ongoing urbanization, economic growth, and a sustained need for modern commercial spaces across diverse sectors. Key players like Pomerleau Inc, EllisDon Group, and PCL Construction are well-positioned to capitalize on these opportunities. Competitive pressures are high, encouraging innovation and efficiency within the industry. The ongoing development and revitalization projects in major Canadian cities, particularly in Toronto, Vancouver and Ottawa, are expected to continue attracting significant investments in the commercial construction sector throughout the forecast period. This comprehensive report provides an in-depth analysis of the Canada commercial building construction market, 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 size, growth drivers, challenges, and key players. The report utilizes data from the historical period (2019-2024) and forecasts market trends until 2033. It's an essential resource for industry professionals, investors, and anyone seeking to understand this dynamic market. Recent developments include: March 2022: Anthem Properties (a Canadian development, investment, and management company), along with KingSett Capital (a capital market company), have acquired an 8.34-acre mixed-use site located at Willingdon Avenue and Dawson Street in the City of Burnaby's active Brentwood Town Centre. The company developed this space into a four-phased master-planned community, including 2,100 market condominiums, 340 rental units, and 60,000 square feet of new retail and office spaces., January 2022: Bird Construction Inc. (a Canadian construction company) has entered into a three-year strategic partnership for the Building Good initiative along with Chandos Construction Inc. (North America's commercial builder). Building Good is a thought leadership initiative that aims to catalyze owners and industry partners to change the way the architecture, engineering, and construction industries design and build for the betterment of people and the planet.. Key drivers for this market are: Government Initiatives in the Infrastructure and Construction Sector to Boost the Industry, Need for Precast Concrete Technology Driving the Market. Potential restraints include: Higher Transportation Cost. Notable trends are: Office Building Construction is Expected to Dominate 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?

Request Free Sample

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

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.

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

Request Free Sample

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

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.

This statistic shows the revenue of the industry “construction of residential and non-residential buildings“ in the United Kingdom from 2012 to 2019, with a forecast to 2025. It is projected that the revenue of construction of residential and non-residential buildings in the United Kingdom will amount to approximately ****** billion U.S. Dollars by 2025.

Ghana’s construction industry expanded marginally by 0.6% in real terms in 2020, following a contraction by 4.4% in 2019, with output value increasing from US$11.18 billion in 2019 to US$11.24 billion. Read More

The new construction put in place in the United States in 2024 was valued at **** trillion U.S. dollars. In the coming years, the value of construction is expected to keep growing, reaching roughly **** trillion U.S. dollars in 2029. Construction spending has been growing steadily over the last couple of years. Up to 2022, residential building construction spending also increased.

The German construction industry expanded by 3.5% in real terms in 2019, driven by public and private sector investments in both building and civil engineering works. Growth in the construction industry was driven by growth in the residential sector, with an increase in building permits by 1.8% in 2019, and the government’s efforts to ease the housing shortage. Read More

Europe construction market size reached USD 3.6 Billion in ​2024​. Looking forward, IMARC Group expects the market to reach USD 5.5 Billion by ​2033​, exhibiting a growth rate (CAGR) of 4.9% during 2025-2033. The market is mainly driven due to rapid urbanization, along with an increasing number of infrastructure projects and green building initiatives. The rising demand in residential and commercial sector mainly in Germany, France and the United Kingdom is also driving the market toward growth across the European region.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on sector.

Snapshot img

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?

Request Free Sample

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.

Get a glance at the market report of share of various segments Request Free Sample

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

Singapore’s construction industry is forecast to record growth of 20.3% in real terms in 2021, following a contraction of 35.9% in 2020. An outbreak of Coronavirus (COVID-19) in mid-May 2021 led the Singapore government to tighten existing restrictions in accordance with its zero-transmission policy, weighing on economic activity and construction works during Q2. Despite the restrictions, the construction industry grew by 106.2% year on year (YoY) in the quarter, though this is primarily due to the low base in Q2 2020, taking cumulative H1 2021 growth to 8.7%. However, construction value add in H1 2021 still remains 26.2% lower than in H1 2019. The construction industry is expected to continue to record high growth rates in H2 2021, though again, this will be due to the large contractions in the corresponding quarters in 2020, with the value-add of the industry in 2021 expected to be in excess of 20% lower than in 2019. Read More