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.
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.
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. People are also more aware of the harm caused or the environment and therefore prefer environmentally-friendly solutions. However, supply chain and cost factors are hindering the market growth.
Browse market data Tables and Figures spread through 140 Pages and in-depth TOC on Global Building and Construction Market By Type (Residential and Non-residential), By Building Type (Traditional and Smart building), By End User (Private and Public), and By Geography (North America, Europe, Asia Pacific and Rest of the World) - Forecast from 2025 to 2030.
Global Building and Construction Market Segmentation and Key Players
|
Segment / Key Players |
Categorization |
|
Type |
Residential and Non-residential |
|
Building Type |
Traditional and Smart building |
|
End User |
Private and Public |
|
Key Players |
Larsen & Toubro Limited, Turner Construction, Vinci S.A, China State Construction Engineering Corporation (CSCEC) |
By type, residential dominated the global building and construction market.
The residential segment dominates the market during the projected period due to rapid urbanization drives, growing population and need for accommodation, higher demand for sustainable and energy-efficient solutions.
"North America dominates the global building and construction market."
North America dominates the building and construction market mainly due to the rise in smart building and higher demand for sustainable homes.
Some of the key players in this market are Larsen & Toubro Limited, Turner Construction, Vinci S.A, China State Construction Engineering Corporation (CSCEC)
Recent Developments By the Key Players
Turner Construction Company, has acquired Dornan Group, which is a leading Irish-headquartered specialist mechanical, electrical, instrumentation, and engineering contractor. This partnership shall strengthen technology capabilities and services in current and growing markets across Europe of the company.
The Global Building and Construction Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.
Global Building and Construction Market coverage (By Value)
- Type Insight and Forecast 2025 - 2030
- Residential
- Non-residential
- Building type Insight and Forecast 2025 - 2030
- Traditional
- Smart building
- End user Insight and Forecast 2025 - 2030
- Private
- Public
Geographical Segmentation
- Global Building and Construction Market by Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Vietnam
- Thailand
- Malaysia
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries