In 2024, the value of construction of commercial buildings in the United States decreased noticeably, falling to lower levels than in 2022. After a noticeable drop in the U.S. commercial construction market during the 2008 recession, the value of commercial construction that has been put in place has recovered to pre-recession figures, reaching *** billion U.S. dollars in 2022. Warehouses and private offices were the most common type of commercial construction starts in the United States. How does commercial construction differ? Commercial construction is for the purpose of business through new buildings like offices or a new industrial facility. In the commercial market, contractors must also take into account the needs of other businesses that may also be established within the building. The larger size in commercial construction tends to lead to the utilization of steel as well as other equipment such as cranes. Such equipment also requires skilled personnel for safe and efficient operations.

The value of commercial construction starts in the United States in 2024 varied significantly depending on the property type. Road and highway construction starts were the category with the highest market share. The construction starts of warehouses amounted to ***** billion U.S. The value of U.S. commercial construction put in place has been growing between 2019 and 2023.

Graph and download economic data for Value Added by Industry: Construction (VAC) from Q1 2005 to Q1 2025 about value added, private industries, construction, private, industry, and USA.

After reaching a peak value in 2022, the construction spending in new industrial buildings in the United States fell to *** billion U.S. dollars and it is forecast to fall again in the coming years. The value of industrial construction starts is forecast to amount to **** billion U.S. dollars in 2026. The overall construction spending in the U.S. is also projected to decrease in the next years.

Graph and download economic data for Total Construction Spending: Commercial in the United States (TLCOMCONS) from Jan 2002 to Jul 2025 about expenditures, commercial, construction, and USA.

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.

Graph and download economic data for Real Value Added by Industry: Construction (RVAC) from Q1 2005 to Q1 2025 about value added, private industries, construction, private, real, industry, and USA.

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 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 US Residential Construction Market Report is Segmented by Type (Apartment & Condominiums, Villas and Landed Houses), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site, and More), by Investment Source (Public and Private), and by Region (Northeast, Midwest, Southeast, West, and Southwest). The Market Forecasts are Provided in Terms of Value (USD).

The Global Commercial Construction Market Size Was Worth USD 13.44 Billion in 2024 and Is Expected To Reach USD 29.56 Billion by 2034, CAGR of 8.20%.

Slovenia Construction Value: CE: Industrial Constructions data was reported at 54,512,629.000 EUR in 2019. This records an increase from the previous number of 46,199,465.050 EUR for 2018. Slovenia Construction Value: CE: Industrial Constructions data is updated yearly, averaging 44,137,873.540 EUR from Dec 1998 (Median) to 2019, with 21 observations. The data reached an all-time high of 107,152,953.000 EUR in 2011 and a record low of 13,809,306.000 EUR in 1998. Slovenia Construction Value: CE: Industrial Constructions data remains active status in CEIC and is reported by Statistical Office of the Republic of Slovenia. The data is categorized under Global Database’s Slovenia – Table SI.EA002: Construction Value Put in Place.

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

United States - Value Added by Industry: Construction as a Percentage of GDP was 4.50% in January of 2025, according to the United States Federal Reserve. Historically, United States - Value Added by Industry: Construction as a Percentage of GDP reached a record high of 5.10 in July of 2005 and a record low of 3.30 in January of 2011. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Value Added by Industry: Construction as a Percentage of GDP - last updated from the United States Federal Reserve on September of 2025.

The Vietnam Construction Market Report is Segmented by Sector (Residential, Commercial, Infrastructure), by Construction Type (New Construction, Renovation), by Construction Method (Conventional On-Site, Modern Methods), by Investment Source (Public, Private), and by Geography (Ho Chi Minh City, Hanoi, Da Nang, Rest of Vietnam). The Market Forecasts are Provided in Terms of Value (USD).

CN: Building Construction: ytd: Value Completed: Commercial & Service USE: Hunan data was reported at 5,669.000 RMB mn in Mar 2025. This records a decrease from the previous number of 42,001.000 RMB mn for Dec 2024. CN: Building Construction: ytd: Value Completed: Commercial & Service USE: Hunan data is updated quarterly, averaging 10,057.000 RMB mn from Mar 2012 (Median) to Mar 2025, with 53 observations. The data reached an all-time high of 42,001.000 RMB mn in Dec 2024 and a record low of 1,307.000 RMB mn in Mar 2012. CN: Building Construction: ytd: Value Completed: Commercial & Service USE: Hunan data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.ED: Construction: Building Construction: Value Completed: Commercial and Service Use.

This statistic gives a forecast of new non-residential commercial construction put in place in the United States between 2006 and 2018, with projections until 2023. New commercial construction spending is projected to be slightly over **** billion (current) U.S. dollars in 2023.

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).

Slovenia Construction Value: IM: Buildings: Non Residential: Industrial data was reported at 50,660,426.000 EUR in 2019. This records an increase from the previous number of 510,654.210 EUR for 2017. Slovenia Construction Value: IM: Buildings: Non Residential: Industrial data is updated yearly, averaging 14,954,783.000 EUR from Dec 1998 (Median) to 2019, with 21 observations. The data reached an all-time high of 50,660,426.000 EUR in 2019 and a record low of 399,356.410 EUR in 2015. Slovenia Construction Value: IM: Buildings: Non Residential: Industrial data remains active status in CEIC and is reported by Statistical Office of the Republic of Slovenia. The data is categorized under Global Database’s Slovenia – Table SI.EA002: Construction Value Put in Place.

Graph and download economic data for Private New Construction Activity, Commercial Buildings, Value in Constant Dollars for United States (M0288BUSM382SNBR) from Jan 1946 to Dec 1963 about buildings, commercial, construction, new, private, real, and USA.