The India Commercial Construction Market Report is Segmented by Commercial Sector Type (Office, Retail, Industrial and Logistics, and Others), by Construction Type (New Construction and Renovation), by Investment Source (Public and Private), and by Region (North India, South India, West India, East India, and Central India). The Market Forecasts are Provided in Terms of Value (USD).

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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 communication linkages and operatio

In 2024, the value of construction of commercial buildings in the United States decreased noticeably, falling to lower levels than in 2022. After a noticeable drop in the U.S. commercial construction market during the 2008 recession, the value of commercial construction that has been put in place has recovered to pre-recession figures, reaching *** billion U.S. dollars in 2022. Warehouses and private offices were the most common type of commercial construction starts in the United States. How does commercial construction differ? Commercial construction is for the purpose of business through new buildings like offices or a new industrial facility. In the commercial market, contractors must also take into account the needs of other businesses that may also be established within the building. The larger size in commercial construction tends to lead to the utilization of steel as well as other equipment such as cranes. Such equipment also requires skilled personnel for safe and efficient operations.

The United States Commercial Construction Market Report is Segmented by Commercial Sector Type (Office, Industrial & Logistics, and More), by Construction Type (New Construction and Renovation), by Investment Source (Private and Public), and by States (Texas, Florida, California, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Market Size statistics on the Commercial Building Construction industry in the US

In 2023, the South of the United States was the region with the highest value of new private sector commercial construction put in place in the country. Meanwhile, the value of that segment of the construction industry in the Northeast of the U.S. nearly reached 17 billion U.S. dollars that year, making it the region with the lowest construction level for that segment.

The Global Commercial Construction Market Size Was Worth USD 13.44 Billion in 2024 and Is Expected To Reach USD 29.56 Billion by 2034, CAGR of 8.20%.

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Construction Market Size 2025-2029

The construction market size is valued to increase by USD 1288.3 billion, at a CAGR of 5.5% from 2024 to 2029. Increase in residential and commercial infrastructure projects will drive the construction market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By Type - Buildings construction segment was valued at USD 1608.40 billion in 2023
By End-user - Private sector segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 63.08 billion
Market Future Opportunities: USD 1288.30 billion
CAGR from 2024 to 2029 : 5.5%

Market Summary

The market continues to be a significant economic driver, fueled by the increasing demand for infrastructure development in various sectors. This demand is spurred by population growth, urbanization, and technological advancements. One of the most notable trends shaping the industry is the integration of artificial intelligence (AI) in construction processes. AI is revolutionizing the sector by enhancing efficiency, reducing costs, and improving safety. However, the high cost of construction machinery and materials remains a significant challenge. To mitigate this, companies are exploring innovative solutions such as Modular construction and offsite fabrication. These approaches enable the production of high-quality structures at a lower cost and with reduced environmental impact.
Furthermore, the adoption of Building Information Modeling (BIM) and other digital technologies is enabling more accurate project planning, design, and execution. Despite these advancements, the market faces complex regulatory environments and labor shortages, which necessitate collaboration and innovation to overcome. The industry's future direction lies in the continued adoption of technology and the development of sustainable, cost-effective solutions.

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

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How is the Construction Market 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 continues to evolve, with buildings construction being a significant and dynamic segment. This sector encompasses residential, commercial, and multifamily buildings, each contributing to the overall growth and development of the global construction industry. For instance, Egypt's ambitious project to build a new administrative capital (NAC) 45 kilometers east of Cairo is a testament to this ongoing activity. With a goal to ease overcrowding and pollution in the current capital, NAC is expected to accommodate over six million residents and become Egypt's new political and administrative center. CSCEC, a leading Chinese state-owned enterprise, is a major player in this transformation.

Risk assessment methodologies, building envelope systems, and foundation engineering are essential elements in this evolving landscape. Innovative approaches, such as prefabricated construction methods, green building certifications, and cost estimation techniques, are shaping the future of construction. For example, 3D printing construction and modular construction techniques are revolutionizing the industry, offering faster and more cost-effective solutions. Quality control procedures, structural engineering software, and lifecycle cost analysis are crucial components in ensuring the long-term success of construction projects. Safety management systems, construction site safety, and digital twin technology are essential in minimizing risks and optimizing resource allocation. Concrete mix design, structural analysis software, and heavy equipment operation are other critical aspects that require continuous improvement.

Building automation systems, sustainable building materials, and smart building technologies are becoming increasingly important in creating energy-efficient and environmentally friendly structures. Compliance with building codes, Geotechnical engineering principles, and mep engineering design are also essential in ensuring safety and

The Canada Commercial Construction Market Report is Segmented by Commercial Sector Type (Office, Retail, Industrial and Logistics and Others), by Construction Type (New Construction and Renovation), by Investment Source (Public and Private), and by Geography (Toronto, Vancouver, Montreal, Calgary, Ottawa and the Rest of Canada). The Market Forecasts are Provided in Terms of Value (USD).

The North American construction market, valued at $2.46 trillion in 2025, exhibits robust growth potential, projected to expand at a compound annual growth rate (CAGR) of 4.82% from 2025 to 2033. This growth is fueled by several key drivers. Increased infrastructure investments, particularly in transportation networks and renewable energy projects, are significantly boosting demand. The residential sector, driven by population growth and ongoing urbanization, is another major contributor. Furthermore, a resurgence in commercial construction, fueled by a recovering economy and the expansion of e-commerce leading to increased warehouse and logistics facility needs, further contributes to market expansion. However, challenges remain. Supply chain disruptions continue to impact project timelines and costs, while labor shortages and rising material prices exert pressure on profitability. Nevertheless, government initiatives promoting sustainable building practices and technological advancements in construction management offer opportunities for mitigating these challenges and further stimulating growth. The market is segmented by construction sector (commercial, residential, industrial, infrastructure, and energy & utilities) and construction type (additions, demolition, and new constructions). Major players, including Aecon Group Inc., D.R. Horton Inc., and Lennar Corporation, among others, are strategically positioned to capitalize on these market dynamics. The market segmentation reveals significant variations in growth trajectories across sectors. While residential construction is projected to maintain steady growth driven by demographic trends, infrastructure spending will likely experience the most significant expansion, particularly in the transportation sector. Commercial construction will follow a moderate growth path, largely influenced by economic conditions and business investment. The industrial construction sector, particularly warehouse and logistics facilities, is expected to witness above-average growth. Finally, energy and utilities construction is poised for considerable expansion due to the increasing focus on renewable energy infrastructure. This diverse sectoral composition contributes to the overall resilience of the North American construction market, even amidst external economic uncertainties. The forecast period (2025-2033) promises further market consolidation, with larger firms potentially acquiring smaller companies to enhance their market share and project diversification. Recent developments include: June 2023: AXA XL's North American construction insurance business launched the Sustainability Circle. It is a network comprising 21 leaders in the sustainable construction industry. The goal of the initiative is to assist clients achieve their sustainability goals and enhance their construction risk management efforts., April 2023: Greystar Real Estate Partners LLC (“Greystar”) opened its flagship manufacturing facility for its modular construction business, Modern Living Solutions (“MLS”), which focuses on attainable and sustainable housing. The milestone was met with a ribbon-cutting ceremony at the western Pennsylvania site where MLS employed 170 full-time employees to execute the ramp-up and operations of its first modular factory.. Key drivers for this market are: Population Growth and Disposable Income, Demand from Office Sector Returning Post COVID-; Non-residential Construction on Upward Trend. Potential restraints include: Interests and Financing, Increase in Cost of Raw Materials. Notable trends are: Residential Construction Segment Holds the Major Share in the Market.

The United States commercial construction market was valued at USD 169.55 Billion in 2024. The industry is expected to grow at a CAGR of 3.70% during the forecast period of 2025-2034 to attain a valuation of USD 243.83 Billion by 2034.

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.

The Turkey Commercial Construction Market Report is Segmented by Commercial Sector Type (Office, Retail, Industrial & Logistics, and More), by Construction Type (New Construction and Renovation), by Investment Source (Private and Public), and by City (Istanbul, Ankara, Izmir and Rest of Turkey). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

The size of the Japan Commercial Construction Industry market was valued at USD XX Million in 2024 and is projected to reach USD XXX Million by 2033, with an expected CAGR of 6.70% during the forecast period. Recent developments include: December 2022: The Yomiuri Shimbun has discovered that a Tokyo-based startup was preparing to launch the country's first commercial space station through this initiative. Several American companies have already talked about building a space station, so DigitalBlast, Inc.'s plan to launch the first module of the station by 2030 is right on schedule., December 2022: The Japanese government, which has said it doesn't want to take on more debt, wants to use construction bonds to build facilities for the Self-Defense Force. This is part of an effort to increase defense spending. By the end of the fiscal year in March 2028, the government will have set aside about 1.6 trillion yen (about 11.61 billion USD) for building projects.. Key drivers for this market are: 4., Government Initiatives and Policies, such as "Make in India" and "BharatMala"4.; Indian Cities Planning and Implementing Metro Rail Systems to Address Urban Congestion and Improve Public Transportation. Potential restraints include: 4., Bureaucratic Delays in Project Approvals4.; Shortage of Skilled Labors Affecting the Growth of the Market. Notable trends are: Government Mandates Pertaining to Energy Projects.

Graph and download economic data for Total Construction Spending: Commercial in the United States (TLCOMCONS) from Jan 2002 to Aug 2025 about commercial, expenditures, construction, and USA.

The North America Construction Market Report is Segmented by Sector (Residential, Commercial, Infrastructure), by Construction Type (New Construction, Renovation), by Construction Method (Conventional On-Site, Modern Methods of Construction), by Investment Source (Public, Private), and by Geography (United States, Canada, Mexico). The Market Forecasts are Provided in Terms of Value (USD).

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

Access Market Research Intellect's Commercial Construction Market Report for insights on a market worth USD 1.5 trillion in 2024, expanding to USD 2.3 trillion by 2033, driven by a CAGR of 5.2%.Learn about growth opportunities, disruptive technologies, and leading market participants.

The global commercial construction market is booming, projected to reach $1.64 trillion by 2033 with a 2.6% CAGR. Discover key drivers, trends, and regional insights from this in-depth market analysis, including leading companies and competitive strategies.

Discover the latest insights into the booming US Commercial Office Construction Market. This report analyzes market size, growth trends (CAGR 3.51%), key players, and regional performance, offering valuable data for investors and industry professionals. Explore market drivers, restraints, and future projections for 2025-2033. Recent developments include: Dec 2022: Global Infrastructure Solutions Inc. (GISI) and Hill International Inc. (NYSE: HIL) announced that their strategic merger had been completed following the completion of final regulatory reviews. This merger expands growth opportunities globally for fee infrastructure consulting markets., May 2022: Hyundai Motor announced in May 2022 that it would break ground on its new facility in Georgia in early 2022, with an annual capacity of 300,000 EV units, with commercial production beginning in the first half of 2025. According to an unnamed auto industry source, Hyundai Motor is considering starting construction later in 2023, with commercial production beginning in the second half of 2024.. 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: The Emergence of Smart Cities is a Key Market Trend.