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.

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

Trillions are spent every year on the buildings, infrastructure, and industrial installations by the global construction sector. In 2015, China’s construction market reached *** trillion U.S. dollars, while North America’s construction sector had a market size of *** trillion U.S. dollars. The construction market in Asia is expected to account for almost half of global construction spending by 2020. Construction productivity However, in the past decades, the industry has lost a large amount in value due to low labor productivity. The productivity growth of the construction sector has been comparatively lower than that of the total global economy and the manufacturing industry. Low productivity may be attributable to several reasons, including a highly regulated industry and dependency on public sector demand. The difficulties of the market can bring poor project management and execution, a lack of skill, and inadequate design processes. There are known ways to overcome these barriers, however, it is difficult for individual entities, despite high revenues, to change a traditional system.

The US Residential Construction Market Report is Segmented by Type (Apartment & Condominiums, Villas and Landed Houses), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site, and More), by Investment Source (Public and Private), and by Region (Northeast, Midwest, Southeast, West, and Southwest). The Market Forecasts are Provided in Terms of Value (USD).

According to Cognitive Market Research, the global Construction market size is USD 12415.3 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 4966.12 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 3724.59 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2855.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 620.77 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 248.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The General Construction held the highest Construction market revenue share in 2024

Market Dynamics of Construction Market

Key Drivers for Construction Market

Urbanization and Population Growth to Increase the Demand Globally

Urbanization and population increase are riding huge demand for new housing, industrial homes, and infrastructure worldwide. With extra human beings shifting to urban regions, cities are under stress to amplify and upgrade their infrastructure to meet the desires of growing populations. This consists of constructing new residential buildings, commercial areas, transportation networks, and utilities which include water and electricity systems. Additionally, urbanization spurs calls for amenities like schools, hospitals, and leisure facilities. Meeting those demands calls for massive construction and improvement projects, imparting opportunities for the construction industry whilst additionally posing demanding situations related to sustainability, useful resource control, and concrete planning.

Economic Growth to Propel Market Growth

Strong economic situations, especially in developing economies, drive multiplied investments in infrastructure tasks, public buildings, and personal development. Robust monetary growth stimulates the call for modernization and growth of transportation networks, utilities, and industrial spaces. Governments allocate finances to enhance public services and construct colleges, hospitals, and government homes, even as private investors capitalize on possibilities in actual property and commercial improvement. This financial momentum fosters innovation, process creation, and business growth, similarly fueling a boom throughout various sectors. Additionally, infrastructure investments enhance productivity, entice overseas investment, and enhance residing standards, contributing to sustained monetary improvement. As a result, financial increase acts as a catalyst for infrastructure improvement, using development and prosperity in each advanced and developing economy.

Restraint Factor for the Construction Market

Volatility in Material Prices to Limit the Sales

Volatility in material fees poses a tremendous mission for the construction industry, wherein raw substances are vital additives. Fluctuations inside the charges of substances, including steel, cement, lumber, and petroleum merchandise, can profoundly have an effect on task budgets and profitability. Sudden spikes in costs can purpose value overruns, delays, and reduced margins for contractors and developers. These fluctuations are motivated by elements like worldwide delivery and call for dynamics, geopolitical tensions, and forex fluctuations. To mitigate dangers, production companies often rent strategies such as ahead buying contracts, diversification of providers, and hedging in opposition to price fluctuations. Nonetheless, navigating this volatility stays a continual assignment inside the creation quarter, requiring careful tracking and adaptation to ensure venture viability and profitability.

Impact of Covid-19 on the Construction Market

The COVID-19 pandemic has drastically impacted the development marketplace globally. Lockdown measures, supply chain disruptions, and labor shortages have led to assignment delays and extended costs. Many construction websites were quickly shut down, causing a slowdo...

The global residential construction market size reached approximately USD 4.92 Trillion in 2024. Further, the residential construction industry is further projected to grow at a CAGR of 5.00% between 2025-2034, reaching a value of USD 8.01 Trillion by 2034.

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).

Market Size statistics on the Construction industry in the US

The construction tech market is projected to witness significant growth from 2025 to 2035, driven by technological advancements, increasing demand for automation, and the integration of AI and IoT in construction processes. The market was valued at USD 7,000 million in 2025 and is expected to reach USD 30,000 million by 2035, reflecting a compound annual growth rate (CAGR) of 16.9% over the forecast period.

Metric	Value
Market Size (2025E)	USD 7,000 million
Market Value (2035F)	USD 30,000 million
CAGR (2025 to 2035)	16.9%

Country-wise Outlook - Construction Tech Market

Country	CAGR (2025 to 2035)
United States	16.8%

Country	CAGR (2025 to 2035)
United Kingdom	16.3%

Region	CAGR (2025 to 2035)
European Union	16.5%

Country	CAGR (2025 to 2035)
Japan	16.4%

Country	CAGR (2025 to 2035)
South Korea	16.6

Competitive Outlook

Company Name	Estimated Market Share (%)
Autodesk, Inc.	20-25%
Trimble Inc.	15-20%
Oracle Construction and Engineering	10-15%
Procore Technologies, Inc.	8-12%
Bentley Systems	5-10%
Other Tech Providers (Combined)	30-40%

In 2024, the UK Construction Market reached $316.38 billion, and it is projected to surge to $439.04 billion by 2030 due to surge in infrastructure sector

The construction market in South Korea was estimated to be at *** billion U.S. dollars in 2023. Until 2022, the South Korean construction had grown consecutively since 2018.

The U.S. Residential Construction market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.

The North America construction market size reached nearly USD 2.20 Trillion in 2024. The market is projected to grow at a CAGR of 4.90% between 2025 and 2034 to reach a value of around USD 3.55 Trillion by 2034.

The Nigeria construction market attained a value of USD 34.37 Billion in 2024 and is projected to expand at a CAGR of around 3.90% through 2034. The growth in the market is supported by heightened investments in infrastructure, for both residential, and industrial projects, as well as government policy and funding frameworks. This in turn is pushing the industry to garner a value of USD 50.39 Billion by 2034.

The Nigeria market for construction is in a transformative period, led by strategic infrastructure investments, urbanization, and public-private partnerships. This development is fuelled by massive projects like the USD 652 million road corridor linking the Lekki Deep Sea Port and Dangote Refinery to southern states.

Government efforts, such as the approval of massive funding packages and construction law reforms, are creating a favourable environment for growth, thereby boosting the growth of the Nigeria construction market. Also, the implementation of new construction methods and materials is improving efficiency and sustainability within the industry. For example, In February 2025, the government endorsed N4.2 trillion (~USD 6 billion) for multiple bridges and highways, including Lagos-Calabar Coastal Highway, built using reinforced concrete to enhance longevity. Approved under the PPP framework, this signals the nation’s shift toward sustainable construction methods and efficiency, as well as a more favourable regulatory environment that attracts private investment and improves execution standards.

In 2024, Nigeria's construction sector saw immense improvements in sustainable building. Researchers at the Federal University of Technology, Akure, came up with a new technique by adding crushed periwinkle shells to sandcrete blocks. The technique not only saves money on construction but also increases the strength of building materials, which solves both economic and environmental problems. With Nigeria still grappling with its infrastructure shortages and housing requirements, the construction industry remains central to the country's economic growth and development.

The data center construction market is expected to grow from USD 240.67 billion in 2024 to USD 469.86 billion by 2032, registering a 7.8% CAGR during 2025-2032.

The Green Construction Market size to reach USD 788.5 Billion in 2034 growing at a CAGR of 8.5%. The research report classifies market by share, trend, demand and based on segmentation by Material, Product Type, Application, End-Use, and Region.

The global BIM in construction market size was USD 5062.64 million in 2024 & is projected to grow from USD 5827.1 million in 2025 to USD 17949.61 million by 2033.
Report Scope:

Report Metric	Details
Market Size in 2024	USD 5062.64 Million
Market Size in 2025	USD 5827.1 Million
Market Size in 2033	USD 17949.61 Million
CAGR	15.1% (2025-2033)
Base Year for Estimation	2024
Historical Data	2021-2023
Forecast Period	2025-2033
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	By Phase of Work,By End-User,By Applications,By Deployment Model,By Region.
Geographies Covered	North America, Europe, APAC, Middle East and Africa, LATAM,
Countries Covered	U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia,

The remote construction market is estimated to be worth USD 1.45 billion in 2025 and anticipated to reach a value of USD 6 billion by 2035. Sales are projected to rise at a CAGR of 15.2% over the forecast period between 2025 and 2035. The industry is experiencing a profound change that could be attributed to technological progress, labor shortages, and the necessity of cost-efficient and effective construction solutions.

Metrics	Values
Industry Size (2025E)	USD 1.45 billion
Industry Value (2035F)	USD 6 billion
CAGR (2025 to 2035)	15.2%

Trend Analysis and Purchasing Criteria across Different End-Use Segments

Organization	Investment Value (USD Million)
Australian Government	USD 54 Million
UK Cabinet Office	USD 103,136 Million
Commonwealth Bank of Australia (CBA)	Not specified
Queensland Government	USD 530 Million

Segment-wise Analysis

Component	Share (2025)
Remote Construction Solutions	65.3%

Application	CAGR (2025 to 2035)
Remote Management	16.6%

Country-wise Analysis (2025 to 2035)

Country	CAGR (2025 to 2035)
USA	8.2%
UK	7.5%
France	6.8%
Germany	7%
Italy	6.3%
South Korea	8%
Japan	7.2%
China	9.5%
Australia	7.8%
New Zealand	6.5%

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.

Global Buildings Construction market size 2021 was recorded $5754.53 Billion whereas by the end of 2025 it will reach $7292.42 Billion. According to the author, by 2033 Buildings Construction market size will become $11711. Buildings Construction market will be growing at a CAGR of 6.1% during 2025 to 2033.