Artificial Intelligence (AI) In Construction Market size was valued at USD 1.53 Billion in 2024 and is projected to reach USD 14.21 Billion by 2031, growing at a CAGR of 36.00% during the forecast period 2024-2031.Global Artificial Intelligence (AI) In Construction Market DriversTechnological ProgressData Availability and Big Data Analytics: Building Information Modeling (BIM), drones, and Internet of Things (IoT) sensors are just a few of the sources that the construction sector is using to generate enormous amounts of data. AI uses this data to improve decision-making, streamline workflows, and offer predictive insights. AI applications are more reliable and accurate when big data analytics is used to handle and analyze complicated datasets.Automation and Machine Learning: More complex and precise predictive models are made possible by developments in machine learning algorithms. Artificial intelligence (AI) automation is increasing efficiency by optimizing processes including resource allocation, project management, and scheduling. AI-powered robotics are also being utilized to increase safety and decrease human error in jobs like welding, demolition, and bricklaying.Computer Vision: This technology is particularly transformative in construction. AI-powered computer vision can monitor site progress, ensure safety compliance, and detect defects in real-time. Drones and cameras equipped with AI analyze construction sites to provide actionable insights, improving quality control and reducing costly rework.Economic FactorsCost Reduction: AI helps in significantly reducing costs associated with construction projects. Through predictive maintenance, AI minimizes downtime and extends the life of equipment. Optimized resource management ensures materials are used efficiently, reducing waste and costs. Furthermore, AI-driven project management tools can prevent delays and associated costs by identifying potential issues early.Competitive Advantage: Companies adopting AI technologies gain a competitive edge by enhancing their efficiency, reducing operational costs, and delivering projects faster. This is increasingly important in a highly competitive industry where margins are often tight. Early adopters of AI in construction are likely to set industry benchmarks and attract more business.Operational EfficienciesEnhanced Productivity: AI streamlines construction processes by automating repetitive tasks, improving scheduling, and optimizing workflows. This results in increased productivity and allows human workers to focus on more complex, value-added activities. AI also enhances the accuracy of labor forecasting and deployment, ensuring optimal use of human resources.Improved Safety: Safety is a critical concern in construction. AI technologies, such as wearable devices and computer vision, monitor worker movements and site conditions in real-time to detect hazards and prevent accidents. AI-driven predictive analytics can foresee potential safety issues, allowing for proactive measures to mitigate risks.

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

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

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

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

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

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

In 2024, the U.S. Construction Market reached $1.77 trillion, and is projected to surge to $2.52 trillion by 2030 due to surge in government investment

The private sector construction spending increased by ** billion U.S. dollars in 2024. That year, the value of new private construction put in place amounted to **** trillion U.S. dollars. Private construction constituted most of the overall construction spending in the U.S.

In 2024, Poland's construction market amounted to *** billion zloty, a ***** percent increase compared to the previous year. The construction market's value ratio to GDP was around ** percent in the period.

The Europe construction market attained a value of approximately USD 2752.75 Billion in 2024. The market is projected to grow at a CAGR of 4.90% in the forecast period of 2025-2034, reaching a value of around USD 4441.42 Billion by 2034.

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.

In 2024, the construction industry's investment value for the public sector in Thailand amounted to around *** billion Thai baht. The total construction investment value amounted to nearly *** trillion Thai baht in the same year. Although the construction industry in the country has been severely interrupted by the COVID-19 pandemic in the past years, resulting in temporary shutdowns of construction sites, the industry still has great potential for growth in the future. The Thai economy and the construction industry The construction sector plays a major role in the country’s economy, since it also serves as the basis of growth for other sectors. The GDP from the construction sector has increased throughout the years, signaling the sector’s rising importance. Since the number of permitted construction units has increased in recent years, this contributes to the expansion of both, commercial and residential construction and real estate markets in Thailand. The development of the construction industry The construction industry’s growth has been partly influenced by the demand for residential living units. Furthermore, there has been more construction for shopping malls and restaurants in the country to satisfy consumer needs. The higher demand for living units has also led to an increase in greater supply of condominiums, especially in Bangkok and its peripheral areas. Currently, the Thai government is aiming to shape some areas into special economic zones focused towards industrial growth. This policy is the potential driving force of a greater growth in construction in the country.

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, the Europe Construction Market reached $2.10 trillion, and it is projected to surge to $2.78 trillion by 2030 due to robust government backing

Check out Market Research Intellect's Commercial Construction Market Report, valued at USD 1.5 trillion in 2024, with a projected growth to USD 2.3 trillion by 2033 at a CAGR of 5.2% (2026-2033).

Global Bridges Construction Market was valued at USD 113.57 billion in 2024 and is expected to reach USD 175.08 billion by 2030 with a CAGR of 7.32% during the forecast period.

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 global construction market size to reach USD 22.5 Trillion in 2034 and is expected to register a CAGR of 5.5%. Construction industry report classifies global market by share, trend, growth and on the basis of type, building, construction machinery, end-use, and region

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.

United States Commercial Construction Market size was valued at USD 104.42 Billion in 2024 and is projected to reach USD 184.57 Billion by 2031, growing at a CAGR of 7.38% during the forecast period 2024-2031.

United States Commercial Construction Market Drivers

The market drivers for the United States Commercial Construction Market can be influenced by various factors. These may include:

Economic Growth: When the economy grows, there is usually a rise in the demand for commercial real estate, which includes hotels, offices, retail stores, and industrial buildings. Population Growth: In order to handle the growing number of residents, there is an increasing need for infrastructure and commercial areas. Urbanisation: The need for commercial construction projects in cities, such as high-rise buildings, mixed-use developments, and infrastructure upgrades, is driven by the trend of urbanisation. Technological Advancements: By increasing productivity, cutting costs, and satisfying regulations, developments in construction technology, such as prefabrication, Building Information Modelling (BIM), and sustainable building practices, can have an impact on the industry. Government rules: The commercial construction industry can be greatly impacted by government rules pertaining to zoning, building codes, taxes, and environmental standards. For example, spending packages on infrastructure or incentives for green building techniques might boost construction activity. Interest Rates and Financing Availability: Developers' capacity and inclination to take on commercial construction projects are influenced by the cost and accessibility of financing as well as changes in interest rates.

The global modular construction market was valued at USD 63.19 Billion in 2024 and is further expected to grow at a CAGR of 12.40% in the forecast period of 2025-2034 to reach a market value of USD 203.38 Billion by 2034. This growth is driven by the increasing demand for affordable housing, healthcare facilities, and commercial infrastructure.

Key Market Insights:

• The Middle East and Africa modular construction market commanded the dominant share in 2024 and is expected to grow at 13.3% CAGR over the forecast period.
• Country-wise, the India modular construction industry is expected to grow at a CAGR of 15.4% during the forecast period.
• By construction, the permanent modular category is expected to exhibit 12.3% CAGR over the forecast period.
• Based on the end use, the commercial segment represented the largest market share in 2024.

Market Size & Forecast

• Market Size in 2024: USD 63.19 Billion
• Projected Market Size in 2034: USD 203.38 Billion
• CAGR from 2025 to 2034: 12.40%
• Dominant Regional Market: Middle East and Africa

Off-site building activities are becoming more popular due to their cost-effectiveness and reduced construction time. Additionally, urban regions are seeing a surge in modular construction as cities strive to meet the growing population's needs. The continuous investment in these sectors further boosts the market growth, positioning modular construction as a solution for rapid urbanisation.

Commercial Construction Market was valued at USD 21.52 billion in 2024 and is expected to reach USD 29.51 billion by 2030 with a CAGR of 5.25% during the forecast period.

The value of building construction projects in Mexico amounted to *** billion Mexican pesos in 2024. That year, the infrastructure for transport and urbanization construction was valued at *** billion Mexican pesos, making it the second largest segment of the industry. CICSA, a subsidiary of Grupo Carso, was the largest construction and infrastructure firm in Mexico, by net sales.