In 2022, Lennar and D.R. Horton were the leading construction and engineering companies in the United States based on revenue. That year, the Houston-based company, Quanta Services, generated a revenue of over ** billion U.S. dollars. Texas was the state with the highest number of companies in the ranking, as D.R. Horton, Fluor, Jacobs, and other major companies in the industry had their headquarters in the state.

European construction companies in the U.S. Some of the largest construction companies from Europe are very active abroad and compete in some cases with local companies for projects in the U.S. For example, **** percent of the revenue generated by Saint-Gobain in 2022 came from North America. In a similar manner, one of the leading contractors with its headquarters in Spain, Grupo ACS, generated roughly half of its sales revenue in the United States. The second country in which it was most active was Australia, followed by Spain, its home market, in third place. There are also other smaller European construction firms for which the American market makes up a significant share of their turnover.

U.S. construction companies AECOM is a company from Dallas that provides construction, architecture, design, and engineering services. During the coronavirus pandemic in 2020, AECOM helped complete *** temporary hospitals in New York. Although the Texan firm has stayed in the ranking as one of the largest construction and engineering companies in the country, AECOM's revenue has stalled in recent years. That has allowed for other companies to catch up. That was the case for another engineering company from Texas, Jacobs Solutions, which has had several years of revenue increases, surpassing AECOM's revenue in 2020, despite having had significantly lower revenue figures in previous years.

The first six entries in the ranking of the 100 largest construction firms worldwide in 2023 had their headquarters in China. The combined revenue of the Chinese companies included in the list was higher than that of all other firms combined. CSCEC - China State Construction Engineering Corporation Ltd. - generated *** billion U.S. dollars worth of revenue in 2023. When construction companies were compared based on market capitalization, however, France's Vinci dominated the construction market in the past years. Global Construction Industry There are many types of construction sectors that are considered part of the industry. Building, engineering, specialty construction and planning and development are a few sectors that comprise this booming industry. A large construction company like Vinci generated over half of its revenue from its energy segment, which is focused on the design, construction, operation, and maintenance of infrastructure, as well as on providing other related services. In general, China and Europe were the regions with the largest construction contractors by revenue. Construction Workers One of the most important aspects of construction is the workers and laborers that manage the industry on-the-ground. Hourly labor costs for construction industry workers are highest in the United States and Japan. In the U.S., weekly earnings of construction workers have increased dramatically since 1965, indicating their value to society and the industry.

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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 communic

The new constructions put in place in the United States in 2023 were valued at almost two trillion U.S. dollars. In the coming years, the value of construction is expected to keep growing, reaching roughly 2.3 trillion U.S. dollars in 2028. Construction spending has been growing steadily over the last couple of years. Up to 2021, residential building construction spending also increased.

This comprehensive dataset offers insights into the 2025 construction industry, highlighting topics like global market size trends, employment growth in construction, technological innovations in building, sustainable development practices, and future outlook of the construction sector.

The Latin American data center construction market is experiencing robust growth, projected to reach a market size of $5.14 billion in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) exceeding 8.71% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the burgeoning digital economy across the region is fueling demand for increased data storage and processing capabilities. Secondly, growing adoption of cloud computing and the increasing reliance on digital services by businesses and governments are creating significant opportunities for data center development. Furthermore, investments in improving digital infrastructure, particularly in key markets like Brazil and Mexico, are further accelerating market growth. The market is segmented by infrastructure type (electrical, mechanical, and general construction), tier level (Tier I-IV), enterprise size (small, medium, and large), and end-user sectors (banking, IT, government, healthcare, etc.). Brazil, Mexico, and other major economies in the region are leading the market expansion. Challenges include regulatory hurdles and the need for skilled labor in some areas. Despite potential restraints, the long-term outlook remains positive. Continued growth in e-commerce, fintech, and other data-intensive industries will necessitate further data center expansion. The increasing adoption of sustainable practices within the data center industry, including the use of renewable energy sources for power, also represents a notable trend. The competitive landscape is dynamic, with both international and regional players vying for market share. Key players are focusing on strategic partnerships and expansions to cater to the rising demand. The market's trajectory suggests substantial opportunities for investors and developers in the coming years. The continued focus on digital transformation across Latin America will be the primary engine of growth, making this a highly attractive market for data center construction. Recent developments include: January 2023: The Santos Port Authority (SPA) is planning to have a new data center constructed by the Brazilian company Zeittec. Zeittec and the SPA, the state-owned organization in charge of running the Port of Santos in the state of So Paulo, have agreed to the terms of a building agreement for a new data center. It is anticipated that work on the Safe Room will begin in January and be finished in the middle of 2023. According to the firm, the SPA Safe Room will be safe from both break-ins and fires thanks to walls that have been certified by NBR 10.636 as being able to resist fire for up to 120 minutes (CF 120). It will have OM4 laser multimode optical fibers and CAT 6A structured cabling., December 2022: Aligned, which is financed by Macquarie Group, intends to acquire Odata. The parties are in "advanced discussions" about a deal that would value Odata at roughly $1.8 billion, including debt, and may be revealed as soon as next week. The company announced at the opening of its first Mexican facility earlier this year that it would soon start building a second 30MW data center in Querétaro, and Peru would be its next market.. Key drivers for this market are: Growth in Network Connectivity and Increased Adoption of Digital Transformation Related Technologies in the Region, Favorable tax Incentive Structure Introduced by Local Governments has Led to the Higher Participation from International Players; Ongoing Consolidation Efforts by Major Data Center Construction Companies to Aid their Expansion Activities; Growing Awareness on Modular Deployments and Increasing Rack Density. Potential restraints include: Growth in Network Connectivity and Increased Adoption of Digital Transformation Related Technologies in the Region, Favorable tax Incentive Structure Introduced by Local Governments has Led to the Higher Participation from International Players; Ongoing Consolidation Efforts by Major Data Center Construction Companies to Aid their Expansion Activities; Growing Awareness on Modular Deployments and Increasing Rack Density. Notable trends are: IT and Telecommunications Segment to Hold a Significant Share of the Market.

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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.

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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 Market Report Covers US Residential Construction Companies and is segmented by Type (Single Family, and Multi-Family), by Construction Type (New Construction and Renovation), and by City (New York City, Los Angeles, San Francisco, Washington DC, Miami, and Other Cities). The market size and forecasts for the United States residential construction market are provided in terms of (USD Billion) for all the above segments.

The North America Construction Market report segments the industry into By Country (Canada, United States), By Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, Energy and Utilities Construction), and By Construction Type (Additions, Demolition and New Constructions). Five-year historical trends and forecasts are included.

Concrete contractors have experienced a mixed landscape recently, shaped by fluctuating market demands and economic factors. The commercial construction market has been particularly challenging, with office building construction struggling because of high vacancy rates. While there's been growth in office construction value, it's mainly driven by rising material costs rather than an increase in projects. However, the boom in warehouse and data center construction has offered some respite, driven by e-commerce and the technological demands of AI. Residential construction, spurred by low interest rates, initially grew but faced volatility as rates climbed. In both markets, contractors have battled supply chain snarls and labor shortages, impacting their bottom line. Industry revenue has been increasing at a CAGR of 2.3% over the past five years to total an estimated $91.2 billion in 2025, including an estimated increase of 0.4% in 2025. Over the past five years, concrete contractors have navigated significant shifts in market dynamics and economic pressures. Warehouse construction thrived due to the e-commerce surge, although it slowed as vacancy rates rose. Data center construction emerged as a key growth area, with its value increasing dramatically, underscoring the sector's potential. Conversely, single-family housing fluctuated, with initial growth powered by low rates, but it later slowed as rates increased. Multifamily construction experienced a downturn, particularly in 2023 and 2024, because of climbing vacancy rates and tighter credit standards. Contractors have also been squeezed by rising material costs and labor shortages exacerbated by an aging workforce. Still, strong growth in infrastructure and industrial construction has boosted the performance of contractors as these projects often require considerable amounts of concrete. Concrete contractors appear poised for opportunities and challenges in the next five years. The resurgence of single-family housing starts and anticipated rate cuts should boost demand for foundational and structural work. Meanwhile, commercial projects, especially retail and hotel construction, are expected to grow, further benefiting contractors. However, the sector still faces hurdles like climbing purchase costs and labor costs. Industry revenue is forecast to climb at a CAGR of 1.6% to total an estimated $98.6 billion through the end of 2030.

D.R. Horton was the homebuilder with the highest gross revenue in the United States in 2024. The Texas-based company reached a homebuilding revenue of 33.83 billion U.S. dollars. It was closely followed by D.R. Horton, which had its headquarters in Florida and generated a revenue of 33.78 billion U.S. dollars. Challenges to the residential construction marketThe number of private housing units started fell around the time of the global financial crisis (2007-2009), but has since recovered – though not to the heights of 2006. The value of residential construction in the U.S. fell in 2023, but it is expected to start growing again in the next years.New home sales follow the same trend After a fall in the number of new houses sold in 2021 and 2022, home sales have increased again, with those figures in the U.S. expected to reach 683,000 in 2024. The number of single-family homes started has followed a similar trend, and it is expected to increase in the next couple of years.

The United States Data Center Construction Market is Segmented by Tier Type (Tier 1 and 2, Tier 3 and Tier 4), Data Center Type(Colocation, Self-Built Hyperscalers (CSPs), Enterprise, and Edge), and Infrastructure (Electrical Infrastructure, Mechanical Infrastructure). The Market Forecasts are Provided in Terms of Value (USD).

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Construction Estimation Software Market Size 2024-2028

The construction estimation software market size is forecast to increase by USD 663.1 million, at a CAGR of 7.54% between 2023 and 2028. Modern construction professionals in the US are increasingly relying on estimation software to streamline project management and ensure successful project outcomes. The market for construction estimation software is experiencing significant growth due to the demand for cost-effective and efficient solutions. One trend driving this growth is the integration of advanced technologies such as 3D modeling and Building Information Modeling (BIM) into estimation software. This enables estimators and construction managers to access project specifications and communicate seamlessly, leading to improved accuracy and productivity. Additionally, the software's ability to interface with existing legacy systems and construction equipment is a major advantage for contractors. An internet connection is essential for the effective use of these solutions, making them an indispensable tool for the construction industry. By implementing estimation software, US construction companies can enhance their project management capabilities and ultimately improve their bottom line.

Market Analysis

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The market is a significant contributor to the US economy, encompassing infrastructure development projects for houses, commercial buildings, bridges, and more. Traditional estimating methods, such as the use of spreadsheets and statistics, have long been the standard for cost projections. However, these methods come with challenges, including high initial costs, human error, and digital threats. To address these challenges, construction companies are increasingly turning to advanced estimation software solutions. These tools offer a structured framework for resource allocation, job costs, engineering costs, payment tracking, and more. By automating the estimation process, construction firms can gain a competitive edge, enabling them to submit more accurate and timely competitive bids.

The demand for construction estimation software is driven by several factors. First, owners, contractors, subcontractors, and consultants require precise cost projections to make informed decisions. Second, real-time adjustments to construction work schedules and labor and equipment requirements are essential for maintaining project efficiency. Construction estimation software offers several advantages over traditional methods. It streamlines the estimation process, reducing the likelihood of errors and increasing accuracy. Additionally, it provides real-time data on job costs, enabling project managers to make informed decisions and adjust budgets as needed. The software also offers features such as cost projections, labor and equipment tracking, and payment tracking.

These features help construction firms to manage their resources effectively, ensuring that projects are completed on time and within budget. Furthermore, the software can integrate with other project management tools, providing a comprehensive solution for managing construction projects. Despite the benefits, the adoption of construction estimation software is not without challenges. The initial costs can be high, and some firms may be hesitant to invest in new technology. Additionally, there is a risk of human error in the implementation and use of the software. To mitigate these challenges, construction firms should carefully evaluate the software options available and choose a solution that meets their specific needs.

Market Segmentation

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

End-user

  Architects and builders
  Construction managers
  Contractors
  Others


Deployment

  Cloud-based
  On-premises


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  Middle East and Africa



  South America

By End-user Insights

The architects and builders segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the increasing need for accurate job costing and payment tracking in the construction industry. Architects and builders are the primary consumers of this software, as they seek efficient solutions for managing construction projects and estimating engineering costs. The market's expansion is driven by the widespread adoption of digital construction methods and cloud-based software, enabling real-time collaboration between contractors and architects. Taxation policies and digital threats have not deterred the industry's growth, with the market expected to continue expanding. Major

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Data Center General Construction Market Size 2025-2029

The data center general construction market size is forecast to increase by USD 29.27 billion, at a CAGR of 13.1% between 2024 and 2029. The market is experiencing significant growth, driven by increased investment in data center infrastructure.

Major Market Trends & Insights

North America dominated the market and accounted for a 31% share in 2023.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the End-user, the BFSI segment led the market and was valued at USD 9.09 billion of the global revenue in 2023.
Based on the Type, the base building shell construction segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 34.36 Billion
Future Opportunities: USD 29.27 Billion
CAGR (2024-2029): 13.1%
North America: Largest market in 2023

The data center construction market continues to evolve, driven by the insatiable demand for digital transformation and the ever-growing need for reliable and efficient IT infrastructure. Uninterruptible power supplies (UPS) and raised floor installation are essential components of data center design, ensuring uninterrupted power delivery and optimal airflow distribution. CCTV security systems, fire suppression systems, and access control are integral to maintaining physical security. Raised floor systems, vibration control, and structural steel design are crucial for accommodating heavy IT equipment and ensuring stability. Humidity control systems and precision cooling systems are essential for maintaining optimal conditions for sensitive electronics. Power capacity planning, generator backup power, and earthquake resistant design are vital for ensuring business continuity and disaster recovery.

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Cable management systems, network cabling infrastructure, and building automation systems streamline operations and improve efficiency. HVAC infrastructure design, thermal management solutions, and mechanical room design optimize energy usage and reduce costs. Data center racks, power distribution units, and server room construction accommodate growing IT requirements. Site preparation services, including plumbing system installation and concrete foundation work, lay the groundwork for successful data center construction projects. Airflow management, fire alarm installation, and security access control ensure optimal performance and safety. Data center migration services enable seamless transitions to new facilities or upgraded systems. According to recent market research, the data center construction market is expected to grow by over 10% annually, driven by increasing demand for cloud services and the growing importance of digital transformation in various industries. The government segment is the second largest segment of the end-user and was valued at USD 7.81 billion in 2023.

For instance, a leading technology company recently expanded its data center capacity by 50%, investing in advanced cooling systems and power distribution units to support its growing customer base.

This trend is fueled by the growing recognition of data centers as essential components of digital transformation strategies for businesses across industries. Another key driver is the rising focus on constructing energy-efficient and environmentally sustainable data centers, or 'green data centers,' to reduce carbon footprint and meet sustainability goals. The market landscape is also shaped by emerging technologies such as containerized and micro mobile data centers, which offer flexibility, scalability, and cost savings. These solutions enable organizations to quickly deploy data processing capabilities and adapt to changing business needs.

However, challenges persist, including complex regulatory environments, rising construction costs, and the need for skilled labor to design and build advanced data center infrastructure. Companies seeking to capitalize on market opportunities and navigate challenges effectively must stay informed about technological advancements, regulatory requirements, and industry best practices.

How is this Data Center General Construction Industry segmented?

The data center general 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.

End-user

  BFSI
  Government
  Manufacturing
  Media and entertainment
  Others


Type

  Base building shell construction
  Architecture planning and designing

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Artificial Intelligence (AI) in Construction Market Size 2024-2028

The artificial intelligence (AI) in construction market size is forecast to increase by USD 4.06 billion at a CAGR of 30.65% between 2023 and 2028.

Artificial Intelligence (AI) is revolutionizing the construction industry in North America, offering significant growth opportunities. The increasing demand for data integration and visual analytics is a major market driver, enabling more efficient project management and faster decision-making. Post-construction, AI is utilized for building management, including sensors, drones, robotics, and the Internet of Things, to optimize building costs and improve safety systems.
Automatic updating and building of projects using AI algorithms streamline workflows and reduce errors. However, the lack of a skilled workforce for developing and implementing AI solutions poses a challenge. This trend is expected to continue as construction companies seek to enhance productivity, improve quality, and reduce costs through AI technology adoption.

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Artificial Intelligence (AI) is revolutionizing various industries, and the construction sector is no exception. The integration of AI in construction is reshaping business models, enhancing productivity, and addressing critical challenges such as safety concerns, labor shortages, and production costs. AI's role in the construction industry extends beyond the traditional engineering and design phases. Its impact is felt throughout the project lifecycle, from bidding and financing to procurement and asset management. By automating repetitive tasks, AI is enabling construction companies to streamline their operations and focus on core business functions.
Moreover, the bidding process is one of the initial stages where AI is making a significant impact. AI-powered tools can analyze historical data, market trends, and project specifications to provide accurate estimates, helping contractors to submit competitive bids. Moreover, AI can assist in financing by assessing the creditworthiness and risk profiles of potential clients, enabling financial institutions to make informed decisions. AI's role in the production phase is equally crucial. It can optimize resource allocation, schedule workflows, and monitor progress in real-time. By analyzing data from various sources, AI can help identify potential issues before they escalate into major problems, ensuring projects stay on schedule and within budget.
Similarly, safety concerns are a major challenge in the construction industry. AI-powered safety systems can monitor construction sites in real-time, detecting potential hazards and alerting workers to take corrective action. By analyzing historical data, AI can identify trends and patterns, helping executives to implement preventive measures and improve overall safety standards. Labor shortages are another pressing issue in the construction industry. AI-powered tools can automate repetitive tasks, reducing the workload on workers and enabling them to focus on more complex tasks.
Moreover, AI can assist in training new workers by providing real-time feedback and guidance, helping to address the issue of labor shortages. Data triangulation is a key aspect of AI's role in construction. By analyzing data from various sources, AI can provide valuable insights into project performance, resource utilization, and cost management. These insights can help executives to make informed decisions and optimize their operations, leading to improved efficiency and reduced production costs. The early movers in the construction industry are already reaping the benefits of AI. By adopting AI-powered tools and systems, they are gaining a competitive edge, improving their operational efficiency, and addressing critical challenges. However, for others to follow suit, there is a need for a clear business model transformation strategy.
In conclusion, AI is transforming the construction industry by streamlining operations, enhancing productivity, and addressing critical challenges such as safety concerns and labor shortages. Its role extends beyond the traditional engineering and design phases, impacting every stage of the project lifecycle. By adopting AI-powered tools and systems, construction companies can gain a competitive edge, improve their operational efficiency, and reduce production costs.

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 billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Solution

  Software
  Services
  Hardware


End-user

  Large enterprises
  Small and medium enterprises (SMEs)


Geography

  North America

    US

Data Infrastructure Construction Market Outlook

The global data infrastructure construction market size was valued at USD 230 billion in 2023 and is anticipated to reach USD 450 billion by 2032, growing at a CAGR of 7.5% during the forecast period. The burgeoning demand for robust and scalable data storage solutions alongside the rapid advancements in cloud computing and network infrastructure are the primary growth factors propelling this market.

One of the key growth drivers in this market is the exponential increase in data generation. With the proliferation of IoT devices, smart technologies, and mobile applications, the volume of data being produced globally is staggering. Companies are increasingly investing in data centers and cloud infrastructure to store, process, and analyze this vast amount of information efficiently. Additionally, the rise of big data analytics has further accentuated the need for advanced data infrastructure, as organizations seek to leverage data-driven insights for strategic decision-making.

Another significant growth factor is the adoption of advanced technologies such as artificial intelligence (AI) and machine learning (ML). These technologies require substantial computational power and storage capacities, thus driving the demand for sophisticated data infrastructure. Furthermore, the shift towards digital transformation across various industries is compelling companies to modernize their IT infrastructure, creating substantial opportunities in data infrastructure construction. The emphasis on seamless digital experiences and rapid technological advancements are fueling investments in state-of-the-art data centers and network facilities.

The increasing focus on regulatory compliance and data security is also contributing to market growth. With stringent regulations such as GDPR in the European Union and CCPA in California, companies are under immense pressure to ensure data privacy and protection. This has led to significant investments in secure and compliant data infrastructure, which not only meets regulatory requirements but also enhances overall data governance frameworks. The need to safeguard sensitive information and mitigate risks associated with cyber threats is driving the construction of highly secure and resilient data infrastructure.

Datacenter Infrastructure Service plays a pivotal role in the rapidly evolving landscape of data infrastructure construction. As businesses increasingly rely on data-driven operations, the need for efficient and reliable data centers has become paramount. These services encompass a wide range of activities, including the design, deployment, and management of data center facilities. By ensuring optimal performance, scalability, and security, Datacenter Infrastructure Service providers enable organizations to focus on their core business objectives while leveraging cutting-edge technology solutions. The integration of advanced cooling systems, energy-efficient power supplies, and robust security measures are essential components of these services, ensuring that data centers operate seamlessly and sustainably.

In terms of regional outlook, North America dominates the data infrastructure construction market, accounting for the majority of the market share. The presence of leading technology companies and the early adoption of innovative technologies contribute to this region's prominent position. However, Asia Pacific is expected to exhibit the highest growth rate during the forecast period, driven by rapid digitization and the growing demand for data storage solutions. The increasing investments in data centers and cloud infrastructure in countries like China and India are significant growth drivers for this region. Europe and Latin America also present substantial opportunities, with ongoing digital transformation initiatives and technological advancements supporting market growth.

Component Analysis

The data infrastructure construction market can be segmented based on components into hardware, software, and services. The hardware segment encompasses various physical components such as servers, storage devices, and networking equipment, which form the backbone of data infrastructure. This segment is poised for significant growth due to the continuous advancements in hardware technologies, which enhance performance, efficiency, and capacity. The integration of cutting-edge processors, high-capacity storage devices, and advanced networking solution

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Architectural Engineering And Construction (AEC) Software Market Size 2024-2028

The architectural engineering and construction (AEC) software market size is forecast to increase by USD 7.07 billion at a CAGR of 12% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. One major trend is the increasing adoption of cloud-based solutions, which offers advantages such as real-time collaboration and access to large data sets. This is particularly relevant to city planning services, real estate development, and the construction of data centers, transportation infrastructure, highways, aviation facilities, and e-commerce warehouses.
Additionally, another growth driver is the need for interoperability between different software systems to streamline workflows and improve project efficiency. However, challenges remain, including data security concerns and the complexity of implementing new technologies. Despite these hurdles, the future of the AEC software market looks promising, with continued innovation and investment in advanced technologies such as artificial intelligence and the Internet of Things (IoT) set to transform the industry.

What will be the Size of the Market During the Forecast Period?

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The architectural engineering and construction (AEC) industry is undergoing a significant digital transformation, with software playing a pivotal role in streamlining processes and improving efficiency. This transformation is driven by various factors, including the adoption of sustainable building practices, the need for project management and construction management solutions, and the integration of emerging technologies such as building information modeling (BIM), 3D printing, and artificial intelligence (AI). Design software is a crucial component of the AEC industry, enabling architects and engineers to create detailed plans and models for buildings and infrastructure projects.
Additionally, project management software, on the other hand, helps construction companies manage resources, schedules, and budgets more effectively. Construction management software facilitates collaboration between different stakeholders, ensuring that projects are completed on time and within budget. Digital transformation in the AEC industry is also leading to the adoption of cloud-based solutions. These solutions offer several advantages, including increased flexibility, scalability, and accessibility. However, on-premises deployment remains a popular choice for some organizations due to security concerns and the need for greater control over their data. The integration of AI in AEC software is a growing trend, with applications ranging from predictive maintenance and energy optimization to automating repetitive tasks and improving design processes.
Moreover, AI is also being used to analyze data from drones and virtual reality (VR) to enhance project visualization and site surveying. Sustainable building practices are becoming increasingly important in the AEC industry, with renewable energy and green construction being key areas of focus. AEC software is playing a critical role in this area, enabling the design and implementation of energy-efficient buildings and infrastructure projects. The learning curve associated with implementing new AEC software can be a challenge for some organizations. However, the benefits of digital transformation far outweigh the initial investment and training costs. With the right software solutions in place, AEC firms can improve productivity, reduce errors, and enhance collaboration between teams.
In summary, the AEC services market includes architectural services, engineering services, and construction services. Each of these segments is adopting software solutions at different rates, with engineering services leading the way due to the need for precise calculations and simulations. However, architectural and construction services are also investing in software to improve design processes and project management. Infrastructure projects, including public infrastructure, residential construction, commercial construction, and industrial construction, are all benefiting from the adoption of AEC software. The use of software is enabling more efficient design and construction processes, as well as improved collaboration between stakeholders.
In conclusion, the AEC software market is experiencing significant growth as organizations in the industry continue to embrace digital transformation. From design software and project management solutions to cloud-based offerings and AI integration, software is playing a critical role in improving efficiency, reducing costs, and enhancing collaboration in the AEC industry.

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

The global Data Center General Construction market is experiencing robust growth, projected to reach a market size of $31.21 billion in 2025, expanding at a Compound Annual Growth Rate (CAGR) of 10.39%. This expansion is fueled by several key drivers. The burgeoning digital economy, characterized by increasing data generation and storage needs across diverse sectors like BFSI (Banking, Financial Services, and Insurance), government, manufacturing, and media & entertainment, necessitates a significant rise in data center infrastructure. Furthermore, the adoption of cloud computing, edge computing, and the Internet of Things (IoT) is directly contributing to the demand for new data center facilities and expansions. Technological advancements in data center design, including sustainable and energy-efficient solutions, are also attracting significant investment. While regulatory compliance and the availability of skilled labor can pose challenges, the overall market outlook remains positive, driven by the unrelenting growth in digital data and the expanding digital transformation initiatives across various industries. Growth is geographically diverse, with North America, APAC (Asia-Pacific), and Europe exhibiting strong market presence. The APAC region, particularly China and India, is expected to witness rapid growth due to increasing investments in digital infrastructure and rising adoption of cloud services. Europe is also poised for considerable expansion driven by robust digitalization efforts across various sectors. North America, while already a mature market, continues to show healthy growth fueled by innovation in technology and the presence of major data center operators. Competition within the market is fierce, with established players like Acer, Cisco, Dell, and IBM competing alongside newer entrants. The market landscape includes companies providing hardware and infrastructure, operational services, and design & management expertise. This fragmented but dynamic environment is leading to innovations in cost optimization, sustainability, and speed of deployment.

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The telehandlers market share for construction industry is expected to increase by USD 478.74 million from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 5.64%.

This telehandlers market research report for construction industry provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers telehandlers market segmentation for construction industry by application (building and infrastructure) and geography (North America, Europe, APAC, MEA, and South America). The telehandlers market report for construction industry also offers information on several market vendors, including Caterpillar Inc., CNH Industrial NV, Deere & Co., Doosan Bobcat Inc., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr-International Deutschland GmbH, Manitou Group, Oshkosh Corp., and Terex Corp. among others.

What will the Telehandlers Market Size for Construction Industry be During the Forecast Period?

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Telehandlers Market for Construction Industry: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing use of modular design is notably driving the telehandlers market growth for construction industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the telehandlers market for construction industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Telehandlers Market Driver for Construction Industry

Vendors are increasingly introducing modularity in their designs of telehandlers. Modularity allows various construction equipment such as telehandlers and backhoe loaders to share common assemblies and subassemblies. Thus, modularity results in the standardization of manufacturing processes, increased production flexibility of equipment, assemblies, and subassemblies; and improved product quality. Modularity also reduces production costs as vendors can achieve the benefits of economies of scale. Modular designs reduce the go-to-market time, which is the time elapsed between the conception and production of new models of telehandlers, and new telehandlers can be rapidly launched in the market. Modularity also reduces aftermarket challenges as increased standardization and decreased variations between different construction equipment reduces investments required to train employees while simultaneously improving the quality of service (QoS) and maintenance. The quality of aftermarket support is one of the key decision criteria for buyers of telehandlers. Therefore, many vendors are expected to adopt a modular design during the forecast period to gain a competitive advantage in the market.

This telehandlers market analysis report for construction industry also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Who are the Major Telehandlers Market Vendors for Construction Industry?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Caterpillar Inc.
CNH Industrial NV
Deere & Co.
Doosan Bobcat Inc.
J C Bamford Excavators Ltd.
Komatsu Ltd.
Liebherr-International Deutschland GmbH
Manitou Group
Oshkosh Corp.
Terex Corp.

This statistical study of the telehandlers market for construction industry encompasses successful business strategies deployed by the key vendors. The telehandlers market for construction industry is fragmented and the vendors are deploying growth strategies such as distinguishing their product and service offerings through a clear and unique value proposition.to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The telehandlers market forecast report for construction industry offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Telehandlers Market for Construction Industry?

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43% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key m

The Construction Engineering Information Management System (CEIMS) market is experiencing robust growth, driven by the increasing need for enhanced project efficiency, improved collaboration, and better risk management within the construction industry. The global market, estimated at $15 billion in 2025, is projected to grow at a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033, reaching approximately $45 billion by 2033. This growth is fueled by several key factors. The rising adoption of Building Information Modeling (BIM) and the increasing complexity of construction projects necessitate sophisticated systems for managing vast amounts of data. Furthermore, the growing demand for improved data security and compliance with industry regulations is pushing organizations to adopt cloud-based CEIMS solutions. The trend towards digital transformation within the construction sector, coupled with the need for real-time data analysis and reporting, is further accelerating market expansion. The residential sector currently holds the largest market share, followed by commercial and industrial sectors, reflecting the high volume of projects within these segments. However, the industrial building sector is predicted to witness the highest growth rate in the coming years due to increasing complexity in large-scale industrial construction projects. The cloud-based segment is rapidly gaining traction, surpassing on-premise deployments as businesses seek scalability and cost-effectiveness. Competition in the CEIMS market is intense, with both established players and emerging technology providers vying for market share. Leading vendors like Idox, Accruent, Asite, and Oracle are leveraging their existing client bases and technological capabilities to maintain a strong foothold. However, the market is also witnessing the emergence of specialized niche players offering innovative solutions. Geographic expansion is a key strategy for many vendors, with North America and Europe currently dominating the market. However, significant growth opportunities exist in the Asia-Pacific region, driven by rapid infrastructure development and urbanization in countries like China and India. While the initial investment in CEIMS can be significant, the long-term benefits of enhanced productivity, reduced errors, and improved project outcomes are driving widespread adoption, overcoming initial cost barriers. The major restraint to wider adoption is the lack of skilled personnel to implement and manage the systems effectively.