The construction industry in Great Britain, including value of output and type of work, new orders by sector, number of firms and total employment.

The construction industry grew to a spending value of close to ** trillion U.S. dollars before the coronavirus pandemic, and is expected to grow by ***** percent per annum. This includes building projects in real estate - either residential or commercial - but also in infrastructure or industrial structures. Construction spending data includes cost of labor and materials, architectural and engineering work, and taxes.The United States has one of the largest construction industries in the world, with their total value of new construction having grown since the global Recession. Between 2019 and 2020, Buenos Aires is expected to the have one of the largest growths in the city’s constructions costs. In 2021, Asia Pacific is expected to have the highest construction industry output in the world.

Graph and download economic data for Unemployment Rate - Construction Industry, Private Wage and Salary Workers (LNU04032231) from Jan 2000 to May 2025 about salaries, workers, private industries, 16 years +, construction, wages, household survey, private, unemployment, industry, rate, and USA.

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.

Quarterly non-seasonally adjusted type of work and regional data at current prices, Great Britain.

Construction output work types and their percentage of all construction work in Great Britain. Contains monthly, quarterly and annual data.

The number of production workers in the construction industry in the United States has increased in 2021 and 2022. In 2006, there were 9.56 million construction workers in the U.S., after which construction employment fell sharply. The reason for that decrease was the economic crisis that started in 2008. Construction labor shortage As the world rapidly urbanizes, the construction industry struggles to keep up with the need for new infrastructure and buildings. However, many people now avoid construction jobs as they are perceived to be difficult, dirty, or dangerous. The shortage of skilled construction labor has been immense across the U.S. and Canada, in the latter country, the number of vacancies in the construction sector peaked in April 2022, as they represented over eight percent of all construction jobs. However, those figures are still quite high. Construction labor costs worldwide The cost of salaries and wages in the European Union have increased at a fast pace, with an increase of over 50 percent between 2015 and 2023. In the United Kingdom, the type of subcontractor workers with the highest salaries were those in electrical and plumbing construction trades. While roofing and steel and timber frame erection were among the trades with the lowest salaries. The overall salary expenditure in the construction industry soared in Argentina during that period. However, those figures can also be influenced by other factors, including inflation. In addition to that, those figures measure the overall spending on labor, which does not only depend on the value of the average salary, but also on how many people were employed at a given point in time.

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.

The construction sector employed over *** million people in the United States in April 2025, which was the highest number since the 21st century. There is a strong correlation between the amount of investment in construction and demand for workers. For example, in the years following the 2008 financial crisis, the value of new construction put in place in the U.S. decreased, which also translated in lower employee numbers in the construction sector. How to improve the job shortage? Many contractors have reported difficulty finding skilled workers recently. However, that has not only been the case in the construction industry, but in many other sectors of the economy too. For example, U.S. restaurants reported shortages in different positions in the past years. Although there are many reasons why workers may quit, in general, an increase in the salaries of construction employees may help in reducing the number of resignations. Worker shortages in Europe The United States is not the only country where companies have been facing these challenges. Thus, the percentage of French infrastructure companies reporting staff shortage peaked in 2019 and 2023. However, there are certain industries that struggle finding new employees more than construction. Social and care work had the highest skilled labor shortages in Germany.

Introduction

Construction Software Statistics: Construction software encompasses a range of digital tools designed to enhance efficiency and collaboration across various stages of construction projects.

Key types include project management, Building Information Modeling (BIM), cost estimation, accounting, field management, contract management, and procurement software.

These tools automate tasks, improve communication, and provide accurate reporting, leading to cost savings and better risk management.

Recent trends highlight a shift towards cloud-based solutions, mobile compatibility, and the integration of artificial intelligence and machine learning. Which are expected further to drive innovation and efficiency in the construction industry.

Snapshot img

Construction Market Size 2025-2029

The construction market size is forecast to increase by USD 1,288.3 billion at a CAGR of 5.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the rise in residential and commercial infrastructure projects worldwide. This trend is fueled by increasing urbanization, population growth, and economic development in various regions. 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. Furthermore, the integration of Artificial Intelligence (AI) in the construction sector is revolutionizing the industry, enhancing productivity, efficiency, and safety. As the industry evolves, companies must navigate this obstacle by exploring cost-effective solutions, such as shared equipment ownership models or renting, to remain competitive.
To capitalize on the market's potential, businesses should focus on innovation, collaboration, and operational excellence, ensuring they deliver high-quality projects on time and within budget. By addressing these challenges and embracing the opportunities presented by the market, companies can effectively position themselves for long-term success. Another key driver is the integration of Artificial Intelligence (AI) in the construction sector, which is revolutionizing the industry by improving efficiency, reducing costs, and enhancing safety.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic market, securing permissions for building projects remains a crucial aspect of the industry. Cold storage facilities, a niche segment, continue to gain traction in the hospitality and leisure sectors, driven by innovative technologies and consumer demand. Smart cities are at the forefront of integrating sustainability regulations into commercial buildings, leading to increased usage of eco-friendly construction materials and raw resources. Site preparation and worker safety regulations are under constant scrutiny, ensuring compliance and adherence to industry standards.
The retail sector is also embracing technology, with the integration of automation and smart systems becoming increasingly common. Innovative technologies continue to shape the construction landscape, from 3D printing to modular construction, streamlining processes and reducing costs. Regardless, the industry's focus on sustainability and safety regulations ensures a responsible and forward-thinking approach to construction projects. However, the high cost of construction machinery poses a substantial challenge for market participants.

How is this Construction Industry segmented?

The construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Buildings construction
  Heavy and civil engineering construction
  Land planning and development
  Specialty trade contractors


End-user

  Private sector
  Public sector


Product

  Traditional
  Sustainable


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    China
    India
    Indonesia
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The buildings construction segment is estimated to witness significant growth during the forecast period. The market encompasses various sectors, with buildings construction being a prominent and evolving segment. This segment includes residential, commercial, and multifamily buildings, each contributing significantly to the market's growth. For instance, Egypt's ambitious project to develop a new administrative capital, the New Administrative Capital (NAC), is a notable example. Located approximately 45 kilometers east of Cairo, NAC is designed to alleviate overcrowding and pollution in the current capital. A key player in this transformation is the China State Construction Engineering Corporation (CSCEC), a Chinese state-owned enterprise. Meanwhile, smart cities are emerging as a significant trend in the construction industry.

Economic development and retail activities are integral to the market, with developers focusing on creating vibrant and sustainable communities. Civil engineering plays a crucial role in the development of infrastructure, including roads, bridges, and water supply systems. Climate change is a pressing concern, and the construction industry is responding by incorporating green and energy-efficient practices into their projects. Sustainability regulations are becoming increasi

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.

United States - Unemployment Rate - Construction Industry, Private Wage and Salary Workers was 3.50% in May of 2025, according to the United States Federal Reserve. Historically, United States - Unemployment Rate - Construction Industry, Private Wage and Salary Workers reached a record high of 27.10 in February of 2010 and a record low of 3.20 in May of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Unemployment Rate - Construction Industry, Private Wage and Salary Workers - last updated from the United States Federal Reserve on July of 2025.

This table contains 2805 series, with data for years 1998 - 2000 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (17 items: Canada; Atlantic provinces; Newfoundland and Labrador; Prince Edward Island; ...), North American Industry Classification System (NAICS) (15 items: Construction; Prime contracting; Land subdivision and land development; Building construction; ...), Revenues and expenses (11 items: Total revenues; Total operating revenues; Revenues from construction activity and related services; Other operating revenues; ...).

The UAE Construction Market Report is Segmented by Sector Into Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (transportation) Construction, and Energy and Utility Construction. The Report Offers Market Size and Forecast for the UAE Construction Market in Terms of Value (USD) for all the Above Segments.

The global data center construction market size was valued at USD 227.31 billion in 2023 and is expected to grow at a CAGR of 7.7% during forecast 2024-2031.

Key Statistics on Business Performance and Operating Characteristics of the Building, Construction and Real Estate Sectors - Table 615-73013 : Principal statistics for all establishments in the construction sector by industry value added

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

This table presents information about developments in domestic turnover of the construction industry (SIC 2008 section F). The data can be divided by a number of branches according to Statistics Netherlands' Standard Industrial Classification of all Economic Activities 2008 (SIC 2008) and by four size classes. The results are expressed in terms of indices with base year 2015. Changes on the same period in the previous year are also published.

Data available from 1st quarter 2005 until 4th quater 2023.

Status of the figures: The figures of 2023 are provisional and the figures from the preceding periods are definite. Seeing as this table will no longer be updated, the figures of 2023 will not be finalised.

Changes as of August 15, 2024: None, as this table will no longer be updated.

When will new figures be published? No longer applicable.

Once definite figures have been published, Statistics Netherlands only adjusts them if significant corrections are necessary.