Understanding Key Drivers and Growth Opportunities in the Buildings Construction Market: Trends and Market Size Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theBuildings Construction Market?
The population in many countries is aging, leading to a rise in demand for elderly-friendly infrastructure. For example, according to the World Health Organization (WHO), the number of individuals aged 80 or older is expected to triple between 2020 and 2050, reaching 426 million, and by 2050, the number of people aged 60 and over will double to 2.1 billion. This trend will increase the need for infrastructure improvements that cater specifically to the elderly. Both residential and non-residential buildings will require modifications to become more accessible, resulting in an uptick in building construction activities.
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#What is the Growth Potential of the Buildings Construction Market, and How Will It Perform by 2034?
The buildings construction market has grown steadily in recent years. It is expected to expand from $7502.78 billion in 2024 to $7864.83 billion in 2025, reflecting a CAGR of 4.8%. Growth during this period has been fueled by population increases, favorable economic conditions, urban development, government infrastructure investments, and technological progress in construction techniques and materials.
The buildings construction market is expected to grow strongly, reaching $9750.27 billion by 2029 at a CAGR of 5.5%. Growth will be supported by sustainability regulations, digitalization, and affordable housing trends. Major trends include the rise of prefab and modular construction, wellness-centric buildings, smart buildings, and circular construction practices.
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What Key Market Trends and Innovations Are Shaping the Future of theBuildings Construction Industry?
Companies in the building construction market are launching innovative equipment like construction excavators to raise productivity, improve safety, and cut operational costs. These excavators are crucial for earthmoving and other site tasks. In September 2024, KOBELCO Construction Machinery Co., Ltd., a Japanese manufacturer, debuted the SK80 excavator. This new model features a powerful engine, improved hydraulics, and enhanced operator comfort, tailored for compact, high-performance usage across urban construction and infrastructure projects in India.
Which Companies Are Leading the Charge in Expanding theBuildings Construction Market Growth?
Major companies operating in the buildings construction market include China State Construction Engineering Corporation Ltd, China Evergrande Group, Country Garden Holdings Co Ltd, Sunac China Holdings Ltd, Greenland Holding Group, Daiwa House Group, Lennar Corporation, D.R. Horton Inc, Bouygues SA, The Metallurgical Corp of China, China Railway Group Limited, Bechtel, Fluor Corporation, The Whiting-Turner Contracting Company, Emcor Group, Turner Construction, Kiewit Corporation, STO Building Group Inc., AECOM, DPR Construction, Gilbane Building Company, Tutor Perini Corporation, Clark Construction Group LLC, Skanska USA, PCL Construction Enterprises Inc., McCarthy Holdings Inc., Hensel Phelps, Ryan Companies US Inc., Swinerton, Balfour Beatty US, The Boldt Company, JE Dunn Construction Group Inc., The Walsh Group Ltd., Mortenson, The Industrial Company, Webcor Construction, TDIndustries, The Haskell Company, KCI Technologies, Crossland Construction Company, Consigli Building Group Inc.
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How is the Global Buildings Construction Market Segemented?
The buildings construction market covered in this report is segmented –
1) By Type: Residential Building Construction, Nonresidential Building Construction
2) By Building Type: Smart Buildings, Traditional Buildings
3) By End User Sector: Private, Public
Subsegments:
1) By Residential Building Construction: Single-Family Housing Construction, Multi-Family Housing Construction, Manufactured (Mobile) Home Construction, Other Residential Building Construction
2) By Nonresidential Building Construction: Commercial And Institutional Building Construction, Industrial Building Construction, Agricultural Building Construction, Other Nonresidential Building Construction
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Which Geographics are Influencing the Growth of the Buildings Construction Market?
Asia-Pacific was the largest region in the building construction market in 2023. North America was the second-largest region in the building construction market. The regions covered in the building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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