As of 2023, the growth rate of the Turkish construction industry was realized nearly eight percent. The annual growth rate of the construction industry in Turkey followed an increasing trend until 2017 and peaked in the same year at nine percent. From 2018, the size of the Turkish construction industry began to shrink and experienced seven percent degrowth in 2022.

In 2023, the gross domestic product growth rate for the construction sector in Indonesia was estimated to be around five percent, indicating a sharp increase from the previous year. Due to the COVID-19 crisis, many infrastructure projects in 2020 in Indonesia had been on hold. A significant increase in growth was seen in 2021, but it slightly decreased in 2022 by about 0.8 percent.

Snapshot img

US Commercial Construction Market Size 2025-2029

The us commercial construction market size is forecast to increase by USD 191 billion 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 practices 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 the long term. This trend is expected to continue as more businesses prioritize sustainability and energy efficiency in their operations. However, the market also faces challenges, most notably the lack of skilled labor in the construction industry. The industry's aging workforce and a decline in new entrants have created a labor shortage, leading to delays and increased costs for construction projects. To mitigate this challenge, companies are exploring innovative solutions such as modular construction and automation technologies to streamline processes and reduce reliance on manual labor. In , the US Commercial Construction Market presents significant opportunities for growth, particularly in the area of sustainable building practices and smart city development. However, companies must also address the challenge of the labor shortage by adopting new technologies and innovative construction methods to remain competitive and deliver projects on time and on budget. By staying informed of these trends and challenges, businesses can effectively capitalize on market opportunities and navigate challenges in the ever-evolving construction landscape.

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 continues to exhibit activity, driven by the demand for new office buildings, retail spaces, outdoor leisure facilities, and mixed-use developments. Urbanization and infrastructure development programs are significant growth areas, fueling the need for renovation and retrofitting of existing structures, as well as urban regeneration projects. Energy-saving designs and water infrastructure are key trends, with a focus on reducing costs through efficient building materials and product lead times. The non-residential building market is experiencing cost escalation due to fluctuating material prices, particularly for building materials like lumber, and labor shortages, exacerbated by a shrinking labor force. Despite these challenges, investments in commercial construction remain strong, reflecting the market's ongoing importance to the US economy.

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 facilitiesOthersGeographyUS

By Sector Insights

The private construction segment is estimated to witness significant growth during the forecast period.

The US commercial construction market encompasses the development of various structures, including office buildings, retail establishments, outdoor leisure facilities, and urban infrastructure projects. Notable initiatives in this sector include the construction of the El Paso VA Health Care Center in Fort Bliss, celebrated in August 2024, and the Skymark Reston Town Center, the tallest residential tower in the Capital Region, topped out in October 2023. These projects contribute to the expansion of the market, with a focus on mixed-use developments, infrastructure building, and energy-saving designs. However, challenges such as cost escalation due to fluctuating material prices, labor shortages, and infrastructure development programs require careful planning and management. Key areas of investment include public transportation, broadband internet, electric grid reconstruction, water infrastructure, and multifamily housing. Operational efficiency, service delivery, and safety are essential functional areas in the non-residential building market. Technological advancements in communication linkages, data and communication, and EV units are transforming the industry.

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

The Private construction segment was valued at USD 1313.50 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advant

Indian Construction Industry is segmented by Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, and Energy and Utility Construction). The report offers market size and forecasts for the Indian construction market in value (USD billion) for all the above segments.

The Report On the North American Construction Market is Segmented by Country (Canada and the United States), Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, and Energy and Utilities Construction), and Construction Type (Additions and Demolition and New Construction). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

The Report Covers Construction Growth Rate in India and It is Segmented by Type (Office Building, Retail, Hospitality, Institutional, Others).

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

Snapshot img

US Residential Construction Market Size 2025-2029

The residential construction market size in the US is forecast to increase by USD 242.9 million at a CAGR of 4.5% between 2024 and 2029.

The residential construction market is experiencing significant growth, driven by several key factors. Firstly, the increasing household formation rates in the US continue to fuel demand for new housing units. Secondly, there is a rising focus on sustainability in residential construction projects, with homebuilders increasingly adopting energy-efficient and eco-friendly building materials and practices.
However, the market also faces challenges, including a shortage of skilled labor for large-scale residential real estate projects, which can impact project timelines and budgets. These trends and challenges are shaping the future of the residential construction industry in the US.

What will be the US Residential Construction Market Size During the Forecast Period?

Request Free Sample

The residential construction market is experiencing a significant shift as the affordable housing trend gains momentum. The Federal Reserve's decision to keep the federal funds rate low has contributed to a decrease in mortgage rates, making it an opportune time for home buyers to enter the market. However, the housing supply remains a concern, with construction spending in the residential investment sector showing only modest growth. The labor market's current state is another factor influencing the residential construction industry. With a low unemployment rate, there is a high demand for labor, leading to increased wages and, in turn, higher construction costs.
Inflation also poses a challenge, as it erodes the purchasing power of home buyers and builders alike. The economy's overall health plays a crucial role in the residential construction market's dynamics. A strong economy typically leads to increased demand for new homes, as evidenced by the double-digit growth in housing starts and building permits for single-family homes. However, a recession can lead to a significant decrease in construction activity, as seen in the cancellation rate of housing projects. The Federal Reserve's interest rate decisions, inflation, and the economy's health all impact the residential construction market. Affordable housing programs, such as housing choice vouchers and fair housing programs, play a vital role in ensuring access to housing for a broader population. The construction sectors must navigate these market dynamics to remain competitive and meet the demand for new homes.
The US residential construction market is seeing significant shifts, driven by various housing market trends. Sustainable homebuilding practices are gaining momentum, with a focus on energy-efficient homes and green building materials. Modular construction and prefab housing are becoming increasingly popular for their cost-effective and timely solutions. Urban redevelopment projects are revitalizing city areas, while suburban expansion is fueling demand for new homes. Affordable housing projects are crucial in addressing housing shortages, and real estate investment continues to thrive in these sectors. Smart home integration is also on the rise, with luxury home construction embracing high-tech features. The impact of mortgage rates, coupled with multifamily housing growth and home renovation demand, adds complexity to the market's dynamics.

How is this market segmented and which is the largest segment?

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
  Villas
  Other types


Type

  New construction
  Renovation


Application

  Single family
  Multi-family


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 the apartment and condominium sectors, driven by shifting preferences and lifestyle choices. Urbanization is a significant factor fueling this trend, as more individuals opt for the conveniences and amenities offered in urban areas. As a result, developers are constructing modern, sustainable, and community-focused living spaces in the form of high-rise apartment buildings and condominium complexes. These structures cater to various demographics, including intergenerational groups and younger generations, reflecting diverse living circumstances. The labor economy and vaccination rates have also contributed to the continued activity in the residential sector, allowing for steady progress in construction projects. While the non-residential sector has faced challenges, the residential sector remains a vi

The Report Covers Oman's Construction Market Analysis & Companies. The Market is Segmented by Sector (Commercial, Residential, Industrial, Infrastructure (Transportation), and Energy and Utilities). The Report Offers Market Size and Forecasts for the Omani Construction Market in Value (USD) for all the Above Segments.

In the second quarter of 2024, the growth rate of the Turkish construction industry reached 6.5 percent. Throughout the observed period, the construction industry in Turkey showed both recession and growth. As of the last quarter of 2022, the industry began to record growth again and registered the highest growth rate in the third quarter of 2023, with nearly 10 percent.

The UK Construction Market Forecast Report Covers Industry Trends and is Segmented by Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure Construction, and Energy and Utility Construction) and by Key Regions (England, Northern Ireland, Scotland, and Wales). The Report Offers Market Sizes and Forecasts in Value (USD Billion) for all the Above Segments.

Explore the Construction Market trends! Covers key players, growth rate 5.7% CAGR, market size $21260.28 Billion, and forecasts to 2034. Get insights now!

The Vietnam Project Construction Market Report is Segmented by Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, and Energy and Utilities Construction). The Report Offers Market Size and Forecasts for Vietnam Construction Market in Value (USD) for all the Above Segments.

As per Cognitive Market Research's latest published report, the Global Autonomous Construction Equipment market size will be $15,543.07 Million by 2028. Autonomous Construction Equipment Industry's Compound Annual Growth Rate will be 10.14% from 2023 to 2030.

The North America Autonomous Construction Equipment market size is expected market to reach USD 4,420.45 Million by 2028.

Factors Impacting on Autonomous Construction Equipment Market

Rising Building & Construction industry

Global Building & Construction industry is particularly creating a positive impact and this industry is expected to grow above global gross domestic product (GDP) growth over the next decade. The building and construction sectors are some of the largest sectors in the world economy.

Building & Construction industry spending worldwide amounted to 11.4 trillion U.S. dollars. Building & Construction expenditures are expected to reach 14 trillion U.S. dollars in 2025. This investment can increase the development activities of autonomous construction equipment.

Furthermore, the global building & construction industry gets opportunities in residential, non-residential, and infrastructure. The main reason behind this growth is increasing housing starts and rising infrastructure due to the increasing urbanization and the growing population.

Additionally, there are some factors that help to grow this industry such as population increase in emerging countries, necessary upgrades to infrastructure in developed countries, and the trend toward increased residential development.

The continuous economic growth in various emerging and developed countries is adding lucrative financing deals with low-interest rates, which is anticipated to boost the revenues of the residential building sector.

The rising demand from the road sector and commercial infrastructure also gradually enhances the demand for autonomous construction equipment. These are extremely useful on a construction site because of their versatile nature. They are adaptable which saves a lot of time and labor. Their versatileness comes from the attachments which need to be chosen correctly according to the job at hand.

Hence, the rising construction and building sector across the globe boosts the growth of the autonomous construction equipment market.

Restraints for Autonomous Construction Equipment Market

Cyber security issues (Access Detailed Analysis in the Full Report Version)

Opportunities for Autonomous Construction Equipment Market

Adoption of Technologies in Construction Industries (Access Detailed Analysis in the Full Report Version)

What is Autonomous Construction Equipment?

Automated construction equipment is equipment that requires minimum or no manpower for the operation of vehicles. Construction work is well-suited for autonomous machinery. Most tasks are repetitive, physical, precise, and time-sensitive, and they don't require any creative or out-of-the-box thinking. Hence, the manufacturers can automate these types of jobs first.

Autonomous construction equipment such as dozers, excavators, load carriers, and haul trucks can be employed on the construction site to excavate and grade dirt. The rovers are a smaller type of autonomous or semi-autonomous construction vehicle. They can follow workers carrying tools and materials around the construction site.

Small robots, such as drones, are perhaps the most popular kind of construction automation. Drones are used by many construction teams to survey job sites. In 20 minutes, these airborne robots can collect more data than a week of traditional measurement. This incredible speed cuts project completion time in half, and the data's richness can indicate possible risks, boosting safety.

The types of autonomous construction equipment include earthmoving equipment, material handling equipment, and concrete & road construction equipment. These autonomous construction types of equipment are either partial/semi-autonomous or fully autonomous that are widely used in road construction, building construction, and many other applications.

Large, autonomous haul trucks are currently used on mining sites in some countries. Other autonomous vehicles are currently being tested in construction, and will probably be available on the market within a few years.

Large, self-driving haul ...

Snapshot img

Turkey Construction Market Size 2024-2028

The Turkey construction market size is forecast to increase by USD 68.3 billion, at a CAGR of 5.96% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing demand for urbanization and housing in major cities such as Ankara and Afyonkarahisar. This trend is further fueled by the focus on improving urban infrastructure, including the expansion of airports. 
The economic prospects of the country are also contributing to the growth of the construction sector, as investments in education, healthcare, and enhancing quality of life become priorities. However, the rising cost of construction materials poses a challenge for market participants. Despite this, the market remains a promising area for investment, offering potential returns for businesses involved in residential and commercial projects.

Market Analysis

Request Free Sample

Turkey construction market has been a significant contributor to the country's economic growth, with residential and commercial sectors playing pivotal roles. The industry's resilience is evident in its ability to adapt to various market conditions and global trends. The construction sector's linkages with other sectors, such as education, healthcare, and urban infrastructure development, are essential for improving the quality of life and enhancing the overall economic prospects of the country. In recent years, Turkey has shown a strong commitment to sustainable development, with renewable energy becoming an increasingly important focus. The Turkish government's efforts to reduce greenhouse gas emissions and adhere to the Organisation for Economic Co-operation and Development (OECD) standards have led to a rise in the adoption of renewable energy sources.
In addition, the Construction Industry Development Board of Turkey (CBRT) has been instrumental in promoting the use of green technologies and materials in the construction sector. The construction industry's impact on Turkey's Gross Domestic Product (GDP) is substantial. According to the OECD, the sector accounted for approximately 6% of Turkey's GDP in 2020. The sector's contribution to the economy is expected to continue, with the demand for housing and urban infrastructure projects remaining strong. Mortgage loans have been a crucial financing instrument for the residential sector. The availability of affordable mortgage loans has led to a rise in demand for housing, contributing to urbanization and population growth.

Market Segmentation

The Turkey construction market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Sector

  Private
  Public


End-user

  Residential
  Infrastructure
  Commercial


Geography

  Turkey

By Sector Insights

The private segment is estimated to witness significant growth during the forecast period.The private construction sector in Turkey plays a pivotal role in the country's development, particularly in urban areas such as Afyonkarahisar, Ankara, and Izmir. The private sector's impact extends beyond infrastructure, with a focus on residential housing and urbanization. This investment in housing and urban infrastructure enhances economic prospects, creating jobs and driving growth. Additionally, the private sector's involvement in education and healthcare projects improves the quality of life for Turkish citizens. The construction sector's continued expansion in Turkey is a testament to its importance in the country's overall economic growth.

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

The private segment accounted for USD 125.60 billion in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

The commercial sector has also seen significant investment, with a focus on modernizing and expanding existing infrastructure. The construction sector's macroeconomic stability is influenced by various factors, including inflation, materials cost, and labor cost. The sector's ability to manage these factors effectively is crucial for maintaining competitiveness and ensuring sustainable growth. The Turkish railway network is undergoing significant expansion, with the government investing heavily in modernizing and expanding the network. This investment is expected to boost economic growth by improving connectivity and reducing transportation costs. The construction sector's growth is not without challenges, however. Earthquakes pose a significant risk to the sector, with Turkey situated in a seismically active region.

Turkey construction market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companie

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%

According to Cognitive Market Research, the global connected construction site market size will grow at a compound yearly growth rate (CAGR) of 11.20% from 2023 to 2030. Increased Adoption of IoT Technologies and Smart Devices to Provide Viable Market Output

A significant market driver for connected construction sites has been the increased adoption of smart technologies and smart devices in the construction industry. The integration of IoT and connected devices into construction sites has the ability to revolutionize traditional construction processes, leading to improved efficiency, safety, and productivity.

A study by IDC found that the adoption of smart technologies in the construction industry is growing at a compound yearly growth rate of 15%, and 70% of construction companies are planning to invest in smart technologies.

(Source:www.mckinsey.com/~/media/McKinsey/Industries/Capital%20Projects%20and%20Infrastructure/Our%20Insights/The%20next%20normal%20in%20construction/The-next-normal-in-construction.pdf)

IoT devices like sensors, cameras and wearables can be deployed across construction sites to gather real-time data on different aspects, including equipment performance, worker activities, environmental conditions and material usage. The IoT-enabled devices allow construction managers and stakeholders to remotely monitor and manage construction sites., which is beneficial for large-scale projects or sites located in remote areas, reducing the need for physical presence and enabling timely interventions when issues arise. IoT-integrated devices have enhanced safety, supply chain optimization, automation and efficiency and save the cost of the overall process.

Market Dynamics of Connected Construction Site

Cost Concerns and Complexity and Integration Challenges to Hinder Market Growth

The initial investment required for implementing connected construction technologies, inclusive of software, hardware and training, can be significant. The construction companies, mainly smaller ones, might hesitate to invest because of budget constraints and uncertainty about the return on investment. Further, the integration of different connected solutions and technologies can be complex. Construction projects involve a multitude of systems, processes and stakeholders, making seamless integration a challenge. Compatibility issues between different software and hardware components can hinder implementations. The data security and privacy concerns and all the above factors are impacting the growth of the market.

Impact of COVID–19 on the Connected Construction Site Market

Covid-19 necessitated remote work for many industries, including construction. This highlighted the importance of digital tools and platforms for remote collaboration. The companies offering connected construction solutions saw increased demand for their platforms to facilitate communication and project management among dispersed teams. The pandemic acted as a catalyst for the digitization of construction materials and equipment. Lockdowns, travel restrictions and safety concerns led to labor shortages in some regions. This technology could help mitigate the impact of reduced workforce availability by providing remote monitoring and automated machinery. The delay in the projects due to the pandemic was minimized, and the cost was controlled with connected construction solutions. Introduction of Connected Construction Site

The increased adoption of technology and digital solutions in the construction industry is boosting market growth. The growth of the market is propelled by the industry's increasing recognition of the potential to reduce project delays, improve resource allocation, optimize supply chain management and enhance overall safety through digital connectivity.

These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Connected Construction Site industry.

For instance, NZ Strong, Kiwi Construction established a connected construction site employing Microsoft, AsBUILT and the Spark technology. On the Microsoft Azure-based AsBUILT Vault, which is a digital twin of Wynyard 100 site employs IoT sensors, geolocation, and 3D camera images to enhance worker safety and connect all partners to supervise project management.

(Source:news.microsoft.com/en-nz/2020/01/28/the-first-ever-connected-constr...

In the year ended March 2024, New Zealand's construction industry GDP declined by around 1.2 percent from the previous year. The industry's GDP has remained above 17 billion New Zealand dollars since 2020.

Kenya's Gross Domestic Product (GDP) growth rate in the construction sector grew by 3.8 percent in the third quarter of 2023. This represented a slight increase in the growth rate compared to the corresponding quarter in 2022, at 3.5 percent. Overall, the growth rate in this sector has followed a volatile trend.

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