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 **** percent. From 2018, the size of the Turkish construction industry began to shrink and experienced ***** percent degrowth in 2022.

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 Construction sector has expanded over the past five years; nonresidential construction activity has been particularly strong, and a surge in materials costs has driven up contractors' rates. Contractors in the sector construct buildings and engineer projects across a wide range of industries and applications, so construction sector revenue tends to correlate with broader macroeconomic conditions. Volatile interest rates, specifically, have impacted sector activity in recent years, with high rates having cooled residential construction activity since 2022. Sector revenue has risen at a CAGR of 4.1% to reach an expected $3.7 trillion in 2025, including an estimated increase of 1.5% in 2025 alone as recent interest rate cuts encourage investment. In recent years, contractors have benefited from easing supply chain issues, with the price of construction materials having slowly fallen from its May 2022 peak (though remaining well above pre-pandemic prices). This more predictable business environment has only had a limited positive effect on the average sector profit margin, however, as the construction sector's perennial labor shortage has kept wage costs high. In 2025, the second Trump administration's policies have disrupted this previously stabilizing business environment, with ever-shifting tariff policies making it harder to plan for the future. A mounting trade war has the potential to disrupt supply chains and drive up the cost of materials, while plans for mass deportations threaten to further limit the sector's labor pool. Still, potential interest rate cuts in the coming years stand to spur increased investment in construction activity. Contractors are set to continue to benefit from increasing commercial and infrastructure construction activity, aided by the 2021 Infrastructure Investment and Jobs Act, the 2022 CHIPS and Science Act and the 2022 Inflation Reduction Act. The Trump administration has looked to disrupt some of the funding included in these bills, particularly that which targets the previous administration's climate goals, however. Basic macroeconomic drivers, including population growth, will continue to expand the construction sector. Areas of the country with lower regulatory burdens, namely the Southeast, will continue to outpace the country as a whole in both construction activity and population growth. Overall, sector revenue is set to climb at a CAGR of 2.0% to reach $4.1 trillion in 2030.

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

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 gross domestic product (GDP) construction industry in Brazil increased by **** percent in 2023. That growth was lower than in 2021 and 2022. Meanwhile, the GDP of the construction industry fell by *** percent in 2020.

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US Residential Construction Market Size 2025-2029

The us residential construction market size is valued to increase USD 242.9 million, at a CAGR of 4.5% from 2024 to 2029. Increasing household formation rates will drive the us residential construction market.

Major Market Trends & Insights

By Product - Apartments and condominiums segment was valued at USD 509.50 million in 2022
By Type - New construction segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 39.65 million
Market Future Opportunities: USD 242.90 million
CAGR from 2024 to 2029 : 4.5%

Market Summary

The Residential Construction Market in the US is a dynamic and evolving industry, shaped by various factors and trends. Core technologies and applications, such as Building Information Modeling (BIM) and energy-efficient systems, are increasingly adopted to enhance project efficiency and sustainability. In fact, the use of BIM in residential construction is projected to reach 50% penetration by 2025, according to industry reports. Service types and product categories, including general contracting, design-build, and modular housing, cater to diverse residential construction needs. However, challenges persist, including rising material costs and skilled labor shortages for large-scale residential real estate projects. Regulations, such as the International Energy Conservation Code, drive the focus on sustainability in residential construction projects. The regional landscape is diverse, with the South and West regions leading in residential construction activity due to population growth and favorable economic conditions. These evolving market dynamics offer significant opportunities for industry players to innovate and adapt to the changing landscape.

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

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How is the Residential Construction in US Market Segmented and what are the key trends of market segmentation?

The residential construction in us industry 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. ProductApartments and condominiumsLuxury HomesOther typesTypeNew constructionRenovationApplicationSingle familyMulti-familyConstruction MaterialWood-framed ConcreteSteel Modular/PrefabricatedGeographyNorth AmericaUS

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 continues to evolve, with apartments and condominiums being key contributors to its growth. Urbanization is a significant driver, as more Americans opt for the convenience and amenities of city living. In response, developers are constructing modern, sustainable, and community-focused high-rise buildings and condominium complexes. Smart home technology and energy efficiency standards are becoming increasingly important in these projects, with Building Information Modeling (BIM) software guiding the design process. Modular construction, geotechnical engineering, and quality control measures ensure structural integrity and safety. Building codes and permitting processes are strictly adhered to, with green building certifications such as LEED and Energy Star driving the adoption of sustainable building practices. Masonry techniques, foundation design, and exterior cladding are essential elements of the construction process, with insulation materials and HVAC systems ensuring energy efficiency. Safety regulations govern electrical wiring, roofing systems, and plumbing fixtures. Construction scheduling is facilitated by project management software, with prefabricated components and 3D building modeling streamlining the process. Construction automation and waste management are also crucial considerations, with cost estimation models helping developers stay within budget. Environmental impact assessments and structural engineering studies are essential to minimize the environmental footprint and ensure safety. Framing techniques and foundation design are optimized for durability and cost-effectiveness. Safety regulations and quality control measures are strictly enforced to ensure the safety and satisfaction of residents. Overall, the residential construction market in the US is dynamic and forward-thinking, with a focus on sustainability, safety, and community.

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The Apartments and condominiums segment was valued at USD 509.50 million in 2019 and showed a gradual increase during the forecast period.

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Market Dynamics

Our researchers analyzed the data with 2024 as

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 net turnover of the construction sector in several of the Nordics (Norway, Denmark, Finland, and Sweden) fell in 2023. Meanwhile, the construction sector grew the most in several eastern European countries, with Italy also having a growth rate of over 19 percent. In 2023, the construction turnover of the EU as a whole amounted to approximately 2.3 trillion euros.

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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 real estate properties. This trend is fueled by both domestic and foreign investors seeking opportunities in Turkey's thriving economy. Another key driver is the government's focus on building earthquake-resilient structures, which is leading to increased investment in advanced construction technologies and materials. However, the market faces challenges as well. The rising cost of construction materials, particularly steel and cement, poses a significant obstacle for construction firms, potentially increasing project costs and impacting profitability. To capitalize on market opportunities and navigate these challenges effectively, companies must stay informed of the latest construction trends and technologies, while also exploring cost-effective solutions for sourcing construction materials. Additionally, collaborating with local partners and suppliers can help mitigate risks and ensure regulatory compliance, ultimately positioning firms for long-term success in Turkey's dynamic construction market.

What will be the size of the Turkey Construction Market during the forecast period?

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The construction industry in Turkey is experiencing dynamic changes, driven by various factors. Research indicates that maintenance and supervision are critical challenges, necessitating innovative solutions. Construction technology adoption, including data analytics and testing, is transforming project management and inspection processes. Building retrofit and adaptive reuse are gaining traction, contributing to the industry's future growth. Sustainable construction practices, green building design, and infrastructure maintenance are key trends, driven by policy and regulatory requirements. Specialty contracting and consulting services are essential for addressing complex projects. Construction economic outlook remains positive, with opportunities in general contracting, repair, and demolition. The industry's future hinges on workforce development, innovation, and compliance with regulations. Construction services, from project management to inspection, are evolving to meet these challenges and opportunities.

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 2024-2028, as well as historical data from 2018-2022 for the following segments. SectorPrivatePublicEnd-userResidentialInfrastructureCommercialGeographyMiddle East and AfricaTurkey

By Sector Insights

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

The Turkish construction market witnesses dynamic activity and trends, driven largely by the private sector. This segment plays a pivotal role in shaping the industry's landscape, offering various services and projects throughout the country. Employment generation and economic growth are significant outcomes of this sector's growth. High-rise buildings, a notable contribution, are increasingly popular in major cities like Istanbul, Ankara, and Izmir. Sustainable and energy-efficient practices, such as LEED certification and green building, are gaining traction in residential and commercial construction. Construction automation, project management, and digital transformation are key trends, with the adoption of construction management software, building information modeling, and robotics in construction. Real estate development, infrastructure projects, and industrial construction are other thriving sectors, with safety regulations, building codes, and quality control ensuring the highest standards. Construction audits, waste management, and recycling initiatives contribute to cost savings and sustainability. Construction financing, permits, and contracts are streamlined through innovative methods, enabling efficient and effective project execution. The market is characterized by continuous innovation, with precast concrete, structural steel, and 3D modeling being widely used. Skilled labor and workforce management are essential components of the industry, with quality assurance and safety regulations ensuring the delivery of top-notch projects. Infrastructure development, including bridge construction and highway construction, is ongoing, driving the demand for heavy equipment and construction machinery. Environmental regulations and sustainability are increasingly important, with the use of sustainable construction materials and a focus on energy efficiency. Construction risk management and safety standards

The India Construction Market Report is Segmented by Sector (Residential, Commercial and Infrastructure), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site, and More), 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).

The China construction market, valued at $4.59 billion in 2025, is projected to experience robust growth, driven by significant investments in infrastructure development, urbanization, and energy transition initiatives. A Compound Annual Growth Rate (CAGR) of 5.07% from 2025 to 2033 indicates a substantial expansion, reaching an estimated market value exceeding $7 billion by 2033. Key growth drivers include government policies promoting sustainable development, rapid economic growth fueling demand for residential and commercial construction, and the ongoing expansion of transportation networks (high-speed rail, roads, and ports). The market is segmented across residential, commercial, industrial, infrastructure (transportation), and energy and utilities sectors, with infrastructure projects playing a dominant role, given the government's focus on modernization. Major players like China State Construction Engineering, China Communications Construction Company, and China Railway Group are leveraging their expertise and scale to capitalize on this growth. While challenges exist, including potential material price fluctuations and environmental regulations, the overall outlook remains positive, supported by sustained government investment and a burgeoning middle class driving housing demand. Despite the promising outlook, the market faces some restraints. These include potential labor shortages, the need for enhanced technological adoption to improve efficiency and sustainability, and managing the environmental impact of large-scale construction projects. Navigating these challenges will be crucial for continued growth. The increasing emphasis on sustainable construction practices presents both a challenge and an opportunity, requiring companies to invest in green technologies and eco-friendly building materials. This focus on sustainability will influence future growth and necessitate adaptation from market players. The ongoing geopolitical landscape and potential economic shifts could also influence the trajectory of this dynamic market in the coming years, requiring continuous monitoring and strategic adjustments by businesses operating within this sector. Recent developments include: December 2023: Recently, "Engineering News-Record" (ENR), one of the world's most authoritative academic journals in engineering and construction, announced the winners of the 2023 Global Best Projects Awards. I received awards for two projects. The Lamu Port Berth 1-3 Project was honored with the Award of Merit in the Airport and Port category, while the Peljesac Bridge and its access roads in Croatia received the Award of Merit in the Bridge and Tunnel category., July 2023: The Shaoxing Metro Line 2, constructed by CRCC, officially opened, marking the commencement of a new era of automated and driverless subway systems in Shaoxing. This 10.8-kilometer line, featuring nine stations, represents Shaoxing's inaugural automated and driverless subway and the second in Zhejiang Province. As a co-host city with the most events for the Asian Games, the inauguration of Line 2 will further boost the development of the "Commuting Circle" for the Hangzhou Asian Games, providing robust support for the successful hosting of the event.. Key drivers for this market are: Government Infrastructure Spending, Urbanization and Increasing Disposable Incomes. Potential restraints include: Oversupply in the Real Estate, Labor Shortages. Notable trends are: Increase in Output value of China Construction Industry.

In the second quarter of 2024, the growth rate of the Turkish construction industry reached *** 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 ** percent.

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Construction Market in EMEA Size 2024-2028

The construction market in emea size is forecast to increase by USD 382.8 billion at a CAGR of 5.34% between 2023 and 2028. The market (Europe, Middle East, and Africa) is experiencing significant changes, driven by various factors. 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. Another trend is the implementation of new technologies and materials, such as Building Information Modeling (BIM) and precast concrete, which are altering purchase criteria for construction projects. The market also faces challenges, including the rising cost of construction, particularly in heavy & civil engineering and specialty trade contracting sectors. These trends and challenges are shaping the future of the construction industry in EMEA, with a focus on sustainability, efficiency, and cost-effectiveness.

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The construction industry in Europe, the Middle East, and Africa (EMEA) is experiencing a significant rebound, fueled by the real GDP recovery and increased economic activity. This resurgence is evident in various sectors, including residential and non-residential building construction. Construction sheets, such as flooring, walls & ceilings, roofing, and HVAC systems, are in high demand as the end-user industry continues to recover. The urban population growth and immigration trends are driving the demand for new residential buildings, leading to a surge in residential building permits. Infrastructure building is another sector witnessing a resurgence, with public investments in roads, electricity and power, water and sewage, ports, and airports contributing to the growth.

Concrete machinery and other construction equipment sales are experiencing a corresponding increase due to the heightened infrastructure development activities. The construction industry's recovery is also influenced by energy prices and material prices. While lower energy prices have reduced production costs, material prices have been on the rise due to increased demand and supply chain disruptions. The EU-backed investment in green initiatives, such as carbon neutrality and reducing greenhouse gas emissions, is also impacting the construction market. This trend is leading to an increased focus on sustainable building materials and energy-efficient HVAC systems. Commercial and industrial construction sectors are also experiencing growth, driven by the economic recovery and the need for new facilities to accommodate expanding businesses.

The demand for new offices, warehouses, and factories is expected to continue, leading to increased sales of construction equipment and materials. In conclusion, the market is experiencing a robust recovery, driven by the real GDP growth, increased economic activity, and public investments in infrastructure. The demand for construction sheets, concrete machinery, and other equipment is expected to remain strong, with flooring, walls & ceilings, roofing, HVAC, and infrastructure building sectors leading the growth. The focus on sustainability and carbon neutrality is also influencing the market trends, with a growing emphasis on green building materials and energy-efficient systems.

Market Segmentation

The 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.

End-user

  Private sector
  Public sector


Type

  Commercial
  Residential


Geography

  EMEA

By End-user Insights

The private sector segment is estimated to witness significant growth during the forecast period.In the EMEA region, the construction industry has witnessed significant activity in the private sector, with a focus on residential and commercial projects. The need for maintaining and renovating existing buildings is on the rise due to the increasing population and the presence of aging structures. This trend is particularly noticeable in the residential sector, where the demand for energy-efficient and modernized homes is driving the need for retrofitting and renovation. Government regulations have also played a role in this trend, with stricter policies being implemented to ensure that building contractors and property owners adhere to energy-efficient building norms.

As a result, there is a growing emphasis on optimizing heating and cooling systems, as well as other energy-saving measures, within buildings. Construction sheets and equipment sales are expected to benefit from this increased demand for renovation and retrofitting activities. End-user industries, including the residential and commercial sectors, are expected to drive the growth in this market. According to recent economic data, t

The United Kingdom 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 (England, Scotland, Wales, Northern Ireland). The Market Forecasts are Provided in Terms of Value (USD).

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%

The Saudi Arabian construction market, valued at approximately $70.33 billion in 2025, exhibits robust growth potential, projected to expand at a compound annual growth rate (CAGR) of 5.37% from 2025 to 2033. This growth is fueled by several key drivers. Significant government investments in infrastructure development, particularly within transportation (roads, railways, airports) and energy & utilities sectors, are pivotal. The ongoing Vision 2030 initiative, aiming to diversify the Saudi economy and enhance its global competitiveness, is a major catalyst. Increased urbanization and a burgeoning population are also driving demand for residential and commercial construction. While challenges such as fluctuating oil prices and global economic uncertainties might present temporary headwinds, the long-term outlook remains positive due to the sustained commitment to large-scale infrastructure projects and a focus on sustainable building practices. The market is segmented across residential, commercial, industrial, infrastructure (transportation), and energy & utilities construction, with significant opportunities emerging in sustainable and green building technologies. Major players like Bechtel, CB&I LLC, Fluor Corp, and several prominent local companies are actively shaping the market landscape. The regional distribution of market share likely reflects the concentration of projects within Saudi Arabia itself, with a significant portion attributed to the domestic market. While data for specific regions beyond Saudi Arabia is limited, the international presence of major construction firms suggests that some level of involvement exists in international projects influencing their overall performance. Future growth will likely depend on successful execution of Vision 2030 projects, attracting further foreign direct investment, and fostering a skilled workforce within the construction sector. The strategic focus on megaprojects, combined with the adoption of innovative construction technologies and sustainable building materials, will ultimately determine the market's trajectory over the forecast period. Demand for skilled labor and technological advancements will be vital considerations influencing the market's development and shaping its future competitiveness. Recent developments include: December 2023: Larsen & Toubro (L&T) bagged a contract to establish various systems related to green energy generation and utilities for an ultra-luxury tourism destination in Saudi Arabia. The project is 4,155 square kilometers and features a pristine landscape, diverse natural ecosystems, and unique and intriguing heritage and local culture., January 2023: China Harbor announced that it awarded two contracts to Saudi Arabia. The first contract was related to building the infrastructure of a new project in Riyadh, and the main scope of work included various pipeline facilities, earthworks, and ancillary housing construction facilities. This project was the second pipeline network project won by the company in the central region of Saudi Arabia in Riyadh, and it was also another significant achievement of the company's active "secondary operation" for core owners.. Key drivers for this market are: Saudi Arabia Vision, Green and Sustainable Building Initiatives. Potential restraints include: Saudi Arabia Vision, Green and Sustainable Building Initiatives. Notable trends are: Increase in Commercial Construction is Dominating the Market.

The China construction market was valued at USD 4.80 Trillion in 2024. The industry is expected to grow at a CAGR of 6.00% during the forecast period of 2025-2034 to reach a value of USD 8.60 Trillion by 2034. This market growth is mainly resulting from a combination of large-scale infrastructure initiatives and sustainability-driven regulations.

Government-led projects and international investments are creating extensive opportunities, while policies increasingly emphasize energy efficiency, environmental standards, and innovation in building technologies. Strategic initiatives such as modular construction and smart infrastructure development are helping companies meet growing demand for rapid, cost-effective, and sustainable construction solutions. These trends are reinforced by global connectivity projects that require complex engineering and high-quality execution, further adding to the China construction industry value.

For example, the Belt and Road Initiative (BRI) has enabled substantial investments in roads, railways, ports, and industrial corridors across Asia, Africa, and Europe, with projects like the China-Pakistan Economic Corridor and Indonesia’s high-speed railway showcasing China’s ability to deliver large-scale infrastructure efficiently. Domestically, regulatory efforts are also shaping market growth. In 2024, the Ministry of Housing and Urban-Rural Development mandated that all new public buildings adhere to green building standards. Construction companies have responded by incorporating energy-efficient designs and materials; a recent public building project in Shanghai used solar panels and high-performance insulation, reducing energy consumption by 30%.

These factors are fostering innovation, boosting construction activity, and creating opportunities for both traditional and modular construction projects. As a result, the China construction market development is set to witness sustained growth, backed by policy support, advanced technologies, and an increasing focus on environmentally responsible and resilient infrastructure.

The Indonesian construction industry, valued at $284.17 million in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 7.50% from 2025 to 2033. This expansion is driven by several key factors. Firstly, significant government investment in infrastructure development, particularly in transportation projects like roads, railways, and ports, fuels substantial demand. Secondly, a growing population and rising urbanization necessitate the construction of new residential and commercial buildings, contributing to market expansion. Finally, the energy and utilities sector is undergoing significant upgrades and expansions, creating further opportunities for construction companies. Major players like Adhi Karya, Waskita Karya, and Samsung C&T are key beneficiaries of these trends, competing for large-scale projects. However, challenges remain. These include potential fluctuations in government spending, material cost volatility influenced by global commodity prices, and a need for skilled labor to meet the increasing demand. The industry's segmentation reflects these drivers, with commercial, residential, industrial, infrastructure (transportation), and energy & utilities construction sectors all contributing significantly to the overall market size. The consistent growth trajectory indicates a promising outlook for the Indonesian construction industry, albeit one subject to ongoing economic and logistical considerations. The forecast period of 2025-2033 presents considerable opportunities for both domestic and international construction firms. Growth within the residential sector is expected to outpace other segments due to rapid urbanization and a burgeoning middle class. Industrial construction will also see significant growth fueled by foreign direct investment and the expansion of manufacturing activities. Infrastructure projects, funded by both public and private sectors, will remain a crucial driver of overall market expansion. Strategic partnerships between local and international companies will play a vital role in leveraging expertise and resources to successfully navigate the market's dynamics. Furthermore, embracing sustainable construction practices and integrating innovative technologies will become increasingly crucial for companies to gain a competitive edge. Careful management of risks associated with regulatory changes, labor availability, and material costs will be essential for long-term success in this dynamic and expanding market. This report provides a detailed analysis of the Indonesian construction industry, offering invaluable insights for investors, businesses, and policymakers. With a focus on the period 2019-2033, including a base year of 2025 and a forecast period spanning 2025-2033, this study delves into market dynamics, key players, and future trends. The report utilizes high-search-volume keywords like "Indonesia construction market," "Indonesian infrastructure development," "Indonesian construction industry forecast," and "Southeast Asia construction," to ensure maximum online visibility. Key drivers for this market are: Government Policies and Regulatory Support, Tourism and Hospitality Sector Growth. Potential restraints include: Financial and Funding Challenges. Notable trends are: Growth of Infrastructural Plans Drives the Construction Market In Indonesia.