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Construction Market Size Forecast: How Big Could The Market Get By 2030?
The construction market size has shown consistent expansion in recent years. It is forecast to rise from $16456.84 billion in 2025 to $17267.39 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 4.9%. This historical growth can be linked to factors such as increasing urbanization, the proliferation of public infrastructure projects, a heightened demand for residential construction, the adoption of initial prefabrication techniques, and a traditional reliance on manual labor.
The construction market size is projected to experience robust growth over the coming years, reaching $21735.71 billion by 2030, at a compound annual growth rate (CAGR) of 5.9%. This expansion during the forecast period is primarily driven by accelerating digital construction adoption, a rising demand for sustainable building materials, the expansion of smart infrastructure projects, increasing use of automation and robotics, and enhanced investment in modular and 3D construction technologies. Prominent trends anticipated in the forecast period include the widespread adoption of modular and prefabricated construction, an increase in 3D building construction, the broadening of land planning and urban development initiatives, growing demand for maintenance and repair services, and the expanded application of advanced construction materials.
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Construction Market Growth Factors: What’s Supporting Expansion?
The anticipated increase in government infrastructure spending is set to drive the growth of the construction market. Government infrastructure spending encompasses public sector capital investment allocated to essential physical assets such as transport systems, energy facilities, water infrastructure, and telecommunications networks. This spending is on the rise as part of economic recovery initiatives, with governments prioritizing infrastructure development to stimulate growth and address long-term productivity challenges across key sectors. Consequently, escalating government infrastructure expenditures create demand for construction services, as roads, bridges, railways, energy facilities, and water systems require extensive building, renovation, and expansion activities. For instance, in July 2025, the Office for National Statistics (ONS), a UK-based government department, reported that in 2024, total market sector investment in infrastructure reached USD 24.8 billion (£20.3 billion) in 2022 chained volume measures, marking a 16.9% increase compared with 2023. Concurrently, total general government investment in infrastructure climbed by 2.2% to USD 35.3 billion (£28.9 billion) in current prices over the identical period. Therefore, the growth of the construction market is being propelled by increasing government infrastructure spending.
Construction Market Segment Landscape And Growth Outlook
The construction market covered in this report is segmented –
1) By Type Of Construction: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development
2) By Type Of Contractor: Large Contractor, Small Contractor
3) By End-Use Sector: Public, Private
Subsegments:
1) By Buildings Construction: Residential Buildings, Commercial Buildings, Institutional Buildings, Industrial Buildings
2) By Heavy and Civil Engineering Construction: Highways and Roads, Bridges, Railways, Utilities and Infrastructure
3) By Specialty Trade Contractors: Electrical Contractors, Plumbing, Heating, and Air-Conditioning Contractors, Roofing Contractors, Flooring Contractors
4) By Land Planning and Development: Site Development, Land Subdivision, Urban Planning, Environmental Planning
Construction Market Industry Trends: What’s Reshaping Demand?
Leading companies in the construction sector are developing innovative technologies, particularly automation, to enhance project efficiency, reduce costs, and secure a competitive market position. An automated construction service center serves as a centralized platform or facility that utilizes automation and technology to effectively manage and coordinate various aspects of construction projects, including scheduling, resource allocation, and communication. For instance, in July 2023, Tata Steel, an India-based provider in the construction solutions industry, launched its first fully automated construction service center in Odisha, initiating a new era of sustainable, precise, quality, and speedy construction. This pioneering effort is intended to transform reinforcement applications within the construction sector and cater to Odisha’s rapidly increasing infrastructure demand.
Construction Market Competitive Landscape: Who Leads The Industry?
Major companies operating in the construction market are China State Construction Engineering Co., Ltd, China Railway Group Ltd, China Railway Construction Corporation Limited, China Communications Construction Group Ltd, Vinci S.A., Grupo ACS, Lennar Corporation, D.R. Horton, Inc., Bouygues S.A., Power Construction Corp. Of China, CIMIC Group, Shimizu Corporation, Lendlease Group, CapitaLand Limited, L&T Engineering & Construction Division, Tata Projects Ltd, Hindustan Construction Company, Yunnan Zhiling Construction Engineering Co., Ltd., Zhejiang Yijian Construction Group Co., Interconstruct, Anker Hansen & Co. A/S, Christiansen & Essenbæk A/S, C.C. Contractor A/S, EKE-Construction Ltd, Colas Group, Eiffage Construction, Bauer Group, Bennett Construction Limited, Collen Construction Limited, Casais Group, Balfour Beatty, Laing O’Rourke, Interserve, Morgan Sindall, Kier, Altaca Group, Renaissance Construction, ALFA Engineering & Construction Co, Budimex Group, STRABAG International GmbH, Octagon Contracting & Engineering SA, PCL Construction, EllisDon Corporation, Aecon Group Incorporated, Ledcor Group of Companies, Graham Construction, Pomerleau Incorporated, Bird Construction Incorporated, Empresas ICA, Bechtel, Fluor Corporation, Turner Corporation, Skanska USA, Kiewit Corporation, Jacobs Engineering Group, Oderbrecht, Camargo Corrêa, Andrade Gutierrez, Queiroz Galvão, MRV Engenharia, SalfaCorp, Mourik General Contractors, McCrory Construction Company, Al Habtoor Group LLC, Al-Naboodah Constructing, Arabian Construction Company, Dutco Balfour Beatty LLC, SHIKUN & BINUI LTD, Mekorot Water Company Ltd, DANYA CEBUS LTD, ASHTROM GROUP LTD, Saudi Bin Ladin Group, Al-Rashid Trading & Contracting Co, Al Ayuni Investment & Contracting Co, Al Harbi Trading & Contracting Co, Arabian Bemco Contracting Co, Redcon Construction Company, Estim Construction Co. Ltd, TSAI design studio.
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Construction Market Geographic Analysis: Where Is Demand Rising Fastest?
Asia-Pacific was the largest region in the construction market in 2025. North America was the second-largest region in the construction market. The regions covered in the construction market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
