Building and Construction Market

Industry Overview

The global Building and Construction market size was valued at USD 11,203 billion in 2023. It is likely to grow up to USD 16,395 billion by 2030 at a CAGR of 7.8 % during the forecast period ranging between 2025 and 2030.

Amongst many, the most significant reason for the growth of the market is the rising global population and the subsequent need for housing for their accommodation which pushes rapid global urbanization initiatives. An increase in the number of commercial projects, utilities, and transportation infrastructure also fuels the growth of the building and construction market, particularly in the developing countries.

Building and construction refers to the planning and constructing different infrastructural projects. It includes residences, offices, and others that promote human life. Building information modeling (BIM)and other advanced technologies are used along with traditional processes to facilitate and accommodate the growing demand. The expansion and development of the economy of a country is majorly attributed to the growth of the building and construction market.

Global Building and Construction Market Report Coverage

Global Building and Construction Market Dynamics     

Global Building and Construction Market Trends/Growth Drivers:

Notable shift towards sustainable and energy-efficient construction 

There is a notable shift towards green practices in all aspects, including buildings. This growing shift for sustainable buildings to reduce energy consumption results in the growth of the building and construction market worldwide. This shift is further emphasized by the strict government regulations for reducing environmental impacts.

People are also more aware of the harm caused or the environment and therefore prefer environmentally-friendly solutions. This, along with their intention to contribute towards minimizing carbon footprints also promotes the growth of the market.

Other significant factors that influence the growth of the market include notable progresses in technology and their implementation in building smart homes, growing investments in infrastructural developments in developing regions, and booming real estate.

Global Building and Construction Market Challenges

Supply chain and cost factors

The building and construction market faces stiff challenges that hinder its growth, one significant hurdle is the disruptions caused in productivity due to supply chain issues worldwide. This market struggles further due to the rise in the already high cost of labor and materials. This is mainly attributed to the shortage of materials and skilled labor. Furthermore, geopolitical and transportation issues, fast-evolving technologies needing higher investments, sustainability directives and regulatory compliance also affect the market significantly.

Global Building and Construction Market Opportunities

Increased demand for smart cities and green practices

Despite the challenges, the growth prospects of the building and construction market are quite significant. Consumers and governments today are aware of the environmental effects and favor green practices and eco-friendly buildings. This promotes greener construction, opening new avenues for growth. Innovations in infrastructure solutions, growing investments in developing countries, growing demand for affordable housing requirements and modular construction, and strategic private-public collaboration options offer wider and better growth prospects.

Global Building and Construction Market Segmentation

VynZ Research provides an analysis of the key trends in each segment of the global building and construction market report, along with forecasts at the regional and country levels from 2025-2030. Our report has categorized the market based on type, building type, and end user.

Insight by Type

Dominated by the residential segment

The building and construction market is divided by its type into Residential and Non-residential segments, where the former dominates the market. It is expected to grow more during the projected period of study due to rapid urbanization drives, growing population and need for accommodation, higher demand for sustainable and energy-efficient solutions.

Insight by Building Type

Smart construction dominates 

According to the building type, the building and construction market is divided into Traditional and Smart building segments. The smart construction segment is expected to grow more and dominate the market due to rising demand, development and integration of advanced technologies, need to reduce energy consumption and integrated solutions.

Insight by End User

Led by private sector

Private and public are the two segments of the building and construction market where the private sector is anticipated to dominate the other due to growing demand, rising disposable income, and the shift towards building smart homes and green projects.

Global Building and Construction Market: Geographic Overview

North America dominates the building and construction market mainly due to the rise in smart building and higher demand for sustainable homes.

Europe however shows significant growth promises due to growing investment in infrastructure projects, strict environmental regulations, and higher need for sustainable housing.

The Asia Pacific region shows higher growth prospects. It is the result of the higher private and public investments in infrastructural development programs and the growing housing needs for the rising population.

The economic affluence and rise in the number of construction projects make the Middle East & Africa region quite a significant contributor to the market growth as well.

Global Building and Construction Market: Major Players

A few major players of the building and construction market in different regions are:

China State Construction Engineering Corporation (CSCEC) in China and Asia-Pacific region, Larsen & Toubro Limited in India and Asia-Pacific region, Turner Construction Company in North America and United Sates, Vinci S.A in France and other European region, and more.  

Global Building and Construction Market: Recent Developments

The expansion of CSCEC in the Middle East and in Beijing for building mixed-use district with a multimillion contract.

The acquisition of the construction and infrastructure services company FM Conway Limited in the UK by Vinci S.A. 

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                  1.2.1.    By Type 
                  1.2.2.    By Building Type 
                  1.2.3.    By End User 
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                  1.5.1.  Data Sources
                             1.5.1.1. Primary Research
                             1.5.1.2. Secondary Research
                  1.5.2.  Methodology
                             1.5.2.1. Data Exploration
                             1.5.2.2. Forecast Parameters
                             1.5.2.3. Data Validation
                             1.5.2.4. Assumptions
                  1.5.3.  Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

       3.1.    Industry Dynamics
                 3.1.1.    Market Growth Drivers
                 3.1.2.    Market Restraints
                 3.1.3.    Key Market Trends
                 3.1.4.    Major Opportunities
       3.2.    Industry Ecosystem
                 3.2.1.    Porter’s Five Forces Analysis
                 3.2.2.    Recent Development Analysis
                 3.2.3.    Value Chain Analysis
       3.3.    Competitive Insight
                 3.3.1.    Competitive Position of Industry Players
                 3.3.2.    Market Attractive Analysis
                 3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

       4.1.    Global Market Overview
       4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

       5.1.    By Type 
                 5.1.1. Residential
                           5.1.1.1. Market Definition
                           5.1.1.2. Market Estimation and Forecast to 2030
                 5.1.2.  Non-residential
                           5.1.2.1. Market Definition
                           5.1.2.2. Market Estimation and Forecast to 2030

       5.2.    By Building Type 
                 5.2.1. Traditional
                           5.2.1.1. Market Definition
                           5.2.1.2. Market Estimation and Forecast to 2030
                 5.2.2.  Smart building
                           5.2.2.1. Market Definition
                           5.2.2.2. Market Estimation and Forecast to 2030

       5.3.    By End User 
                 5.3.1. Private
                           5.3.1.1. Market Definition
                           5.3.1.2. Market Estimation and Forecast to 2030
                 5.3.2. Public
                           5.3.2.1. Market Definition
                           5.3.2.2. Market Estimation and Forecast to 2030

6.   North America Market Estimate and Forecast

      6.1.    By Type   
      6.2.    By Building Type   
      6.3.    By End User   
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.   Europe Market Estimate and Forecast

      7.1.    By Type   
      7.2.    By Building Type   
      7.3.    By End User   
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    U.K. Market Estimate and Forecast
                7.3.3.    France Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Russia Market Estimate and Forecast
                7.3.7.    Rest of Europe Market Estimate and Forecast

8.   Asia-Pacific (APAC) Market Estimate and Forecast

      8.1.    By Type   
      8.2.    By Building Type   
      8.3.    By End User   
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Vietnam Market Estimate and Forecast
                8.3.6.    Thailand Market Estimate and Forecast
                8.3.7.    Malaysia Market Estimate and Forecast
                8.3.8.    Rest of Asia-Pacific Market Estimate and Forecast

9.   Rest of the World (RoW) Market Estimate and Forecast

      9.1.    By Type   
      9.2.    By Building Type   
      9.3.    By End User   
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    U.A.E. Market Estimate and Forecast
                9.3.5.    Other Countries Market Estimate and Forecast

10.  Company Profiles

       10.1.   Larsen & Toubro Limited
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   Turner Construction
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   Vinci S.A
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments

11.    Appendix

         11.1.    Exchange Rates
         11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.