World's Top 10 Companies in Construction In 2025: Market Insight, Statistics Report (2024–2035)

Description

According to a research report published by Spherical Insights & Consulting, The Global Construction Market Size is projected to Grow from USD 2150.22 Billion in 2024 to USD 3250.11 Billion by 2035, at a CAGR of 3.83% during the forecast period 2025–2035. Urbanization, population growth, and increased infrastructure investments are driving the global construction market's expansion. Further, green building methods and digitalization, such as 3D printing and Building Information Modeling (BIM), are increasingly becoming more popular in the sector.

 

 

Introduction                                                             

The global construction market refers to the marketplace focused on building infrastructure, residential, commercial, or industrial structures, with a thorough design and plan is the process of construction. Careful planning, coordination, and execution of a variety of tasks are necessary to ensure structural integrity and safety. There are several steps involved, ranging from foundation and site preparation to structural development and completion. The sector uses concrete, steel, wood, and glass materials and involves skilled labor, civil engineering, and architectural design. Construction projects can be anything from minor home improvements to major undertakings like building bridges, roads, and other infrastructure.

 

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Construction Market Size & Statistics

• The Market for construction was estimated to be worth USD 2150.22 Billion in 2024.
• The market is going to expand at a CAGR of 3.83 % between 2025 and 2035.
• The Global Construction Market Size is anticipated to reach USD 3250.11 Billion by 2035.
• North America is anticipated to generate the fastest rate during the forecast period in the Construction Market.
• Asia Pacific is expected to grow at the largest share over the forecast period in the Construction Market.

 

 

Regional growth and demand                                     

Asia Pacific is expected to grow to the largest market share over the forecast period in the construction market. The construction sector in the Asia Pacific is anticipated to experience the highest CAGR during the forecast timeframe, influenced by rapid population growth, urbanization, and significant economic development. Government programs are contributing to encouraging huge infrastructure projects that connect growing metropolitan areas and support industrial expansion. India, with their large population and emerging economy, contributes significantly. Currently, China's construction industry highlights the regional market expansion. Besides, growing middle-class wages and salaries also contribute to the demand for residential and commercial real estate. The region continues to dominate the worldwide market due to a growing labor population, pro-business government regulations, and a focus on infrastructure development.

 

North America is expected to generate the grow at fastest market share demand during the forecast period in the construction market. The market is expanding rapidly in North America due to efforts to update infrastructure and a recovery in manufacturing. This growth is driven by government programs to update aging infrastructure and private sector investments in residential and commercial projects. Two technological advancements that improve efficiency and manufacturing are BIM and prefabrication. The region also benefits from a strong housing market, a growing need for data centers, and infrastructure supporting renewable energy. Additionally, reshoring trends in manufacturing create new opportunities for industrial development. These factors, along with favorable economic conditions, facilitate the construction industry's explosive growth in North America.

 

Top 7 Construction Trends

1. Digital Revolution
2. Sustainability
3. Modular Construction
4. Infrastructure Investment
5. Innovative Financing
6. Smart Cities
7. Advanced Materials

 

1. Digital Revolution

Digital tools are being quickly adopted by the construction sector to increase production, lower costs, and eliminate hazards. Commonplace technologies include drones, augmented/virtual reality (AR/VR), artificial intelligence (AI), machine learning (ML), building information modeling (BIM), and the Internet of Things (IoT). By facilitating collaborative design and project management in real time, BIM lowers mistakes and rework. Data analysis driven by AI improve risk prediction, supply chain management, and scheduling. For quick prototyping and personalized building components, 3D printing is becoming more and more popular.

 

2. Sustainability

The building industry is being forced to cut waste and carbon emissions due to the global emphasis on mitigating climate change. For both public and private buildings, green building certifications like LEED, BREEAM, WELL, and local norms are increasingly required. New Developments & Methods
The use of recycled steel, low-carbon concrete, and environmentally friendly insulation is growing.
deployment of smart HVAC systems, passive homes, and net-zero energy building designs.
At construction sites, the concepts of the circular economy, reuse, recycling, and waste reduction, are being incorporated.

 

3. Infrastructure Investment

To improve economies and achieve climate goals, governments around the world are investing in infrastructure renewal. Massive urbanization in Latin America, Africa, and Asia is increasing demand for cheap housing, mass transit, and smart cities. Megacities in Africa are experiencing rapid urban growth, necessitating significant investments in power, water, and transportation. Regenerative medicine uses biomaterials and cell therapies to accelerate healing, offering non-invasive, cost-effective solutions for chronic construction.

 

4. Advanced Materials

The demand for sustainability, durability, and economy is driving the use of advanced materials in the construction industry, which is changing the landscape. These materials incorporate breakthroughs like fiber-reinforced polymers (FRP), phase-change materials, self-healing concrete, ultra-high-performance concrete (UHPC), graphene-enhanced composites, and aerogels, going beyond conventional possibilities like steel and concrete. Their exceptional strength-to-weight ratios, improved insulation, corrosion resistance, and prolonged service life make them perfect for high-rise buildings, infrastructure, and energy-efficient constructions. Specifically, FRPs are utilized to reinforce bridges and seismic zones without significantly increasing weight, and self-healing concrete uses chemical capsules or microorganisms to automatically seal cracks.

 

5. Smart Cities

The desire for sustainable, infrastructure-rich, and digitally connected urban environments is being driven by smart cities, which is changing the building industry. Building projects in smart cities go beyond constructing conventional structures like roads and buildings; instead, they incorporate digital technologies, sensors, and data networks into the physical landscape to improve everything from waste management and public safety to energy consumption and traffic flow. This calls for sophisticated planning, networked infrastructure, and intelligent materials, opening doors in the fields of green infrastructure, smart grids, IoT-enabled buildings, and civil engineering.

 

Empower your strategic planning:

Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the construction market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.

 

Top 10 Companies Leading the Construction Market

1. CSCEC (China State Construction Engineering Corporation)
2. CREC
3. VINCI SA
4. L&T (Larsen & Toubro Limited)
5. Grupo ACS
6. Hochtief
7. Skanska
8. Turner Construction
9. Obayashi Corporation
10. Kajima Corporation

 

1. CSCEC (China State Construction Engineering Corporation)

Headquarters – Beijing, China.

One of the most powerful companies in the global construction business, and the biggest conglomerate in the world by revenue. Urban planning, engineering, building construction, real estate investing, and infrastructure development are just a few of the many industries in which CSCEC works. Established in 1982, the state-owned enterprise has emerged as a global leader in the construction of major infrastructure projects, including skyscrapers, highways, airports, bridges, and public housing. China's Belt and Road Initiative has relied heavily on CSCEC, which is particularly powerful in Asia, Africa, and the Middle East. The organization, which employs more than 300,000 people and has hundreds of subsidiaries, combines engineering, design, and project management skills to complete intricate infrastructure projects both locally and abroad.

 

2. VINCI SA

Headquarters – Nanterre, France.

VINCI was established in 1899 and currently has operations in more than 120 countries. It has a reputation for completing large-scale, intricate projects in fields like energy, building construction, transportation infrastructure, civil engineering, and environmental services. Roads, trains, tunnels, bridges, and sustainable buildings are among the large international projects the business works on through its flagship division, VINCI Construction. VINCI Construction's record €66+ billion order backlog and over €31 billion in revenue as of 2023 demonstrate the high demand for infrastructure around the world. Across Europe, Africa, and Asia, the corporation has spearheaded historic projects like significant highway extensions, airport constructions, and portions of the Grand Paris Express. Concessions, construction, and energy services are all part of its integrated business strategy, which puts it in a position to influence how urban infrastructure develops in the future.

 

1. Larsen & Toubro Limited (L&T)

Headquarters – Mumbai, India.

With a strong presence in the infrastructure and construction industries in Asia, the Middle East, and Africa, Larsen & Toubro Limited (L&T) is the biggest engineering, procurement, and construction (EPC) company in India. L&T is a major player in forming the built environment due to its extensive portfolio of transportation, industrial, urban, and civil infrastructure projects. Among the top 25 international contractors, the L&T Construction division is renowned for completing intricate, expensive projects, including power plants, smart cities, metros, airports, and expressways. The corporation has been instrumental in India's rapid infrastructure development, completing iconic projects like the Mumbai Coastal Road, Hyderabad Metro Rail, and multiple Dedicated Freight Corridor portions. L&T has completed significant infrastructure projects in the Gulf, specifically in the United Arab Emirates, Saudi Arabia, and Oman, on a global scale. The construction order book of L&T consistently surpasses 40 billion, with an emphasis on digital engineering (through its "L&T-SuFin" and "L&T EduTech" platforms), sustainable practices, and the use of green construction technology.

 

4. Hochtief AG

Headquarters – Essen, Germany.

Hochtief has established a solid international reputation since its founding in 1874 and specializes in large-scale construction projects, civil engineering, and complicated infrastructure. Hochtief Europe, CIMIC Group (Asia-Pacific), and Turner Construction (USA) are the company's three main business divisions, which reflect its strategy focus on high-growth construction markets across the globe. Hochtief has building expertise in commercial and public buildings, energy infrastructure, sustainable urban development, and transportation infrastructure (roads, bridges, tunnels, airports, and railroads). Using its sophisticated project finance and risk management skills, it is particularly engaged in completing design-build and public-private partnership (PPP) projects. The company is also a global leader in the use of digital technologies like modular construction, smart project delivery, and Building Information Modeling (BIM).

 

5. Turner Construction

Headquarters – New York City, USA.

Turner was established in 1902 as a division of Hochtief AG, a German company that is mostly controlled by Grupo ACS of Spain. Turner is a major contributor to the development of America's built environment because of its broad variety of construction services, which include commercial buildings, healthcare facilities, sports complexes, data centers, airports, and educational institutions. Turner is well known for its proficiency in general contracting, design-build services, and construction management. It serves both public and private sector clients, managing over 1,500 projects a year with construction volumes reaching 15 billion. The Yankee Stadium, the refurbishment of the United Nations Headquarters, and the many high-rise and LEED-certified structures located throughout North America are notable projects. Turner's early use of sustainability and technology sets it distinct in the building industry.

 

Are you ready to discover more about the construction market?

The report provides an in-depth analysis of the leading companies operating in the global construction market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:

 

Company Profiles

1. CSCEC (China State Construction Engineering Corporation)

• Business Overview
• Company Snapshot
• Products Overview
• Company Market Share Analysis
• Company Coverage Portfolio
• Financial Analysis
• Recent Developments
• Merger and Acquisitions
• SWOT Analysis

1. CREC
2. VINCI SA
3. L&T (Larsen & Toubro Limited)
4. Grupo ACS
5. Hochtief
6. Skanska
7. Turner Construction
8. Obayashi Corporation
9. Kajima Corporation

 

Conclusion

The United States construction market is poised for significant growth, driven by rising chronic conditions, an aging population, and advancements in construction technologies. Key players L&T (Larsen & Toubro Limited), CSCEC (China State Construction Engineering Corporation), Hochtief, Turner Construction, Obayashi Corporation, and Kajima Corporation are leading innovations in resource conservation, energy-efficient designs, and eco-friendly materials are emphasized in this trend. Utilizing recyclable materials, optimizing natural light and ventilation, and utilizing solar energy are crucial. Moreover, environmental concerns and regulatory pressures are driving the green building revolution in the industry and the creation of more resilient and sustainable construction facilities.

 

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Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

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