Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR74754

  • Latest News- Construction Market: Buildings construction is expected to lead the Type segment during 2025-2029

    The Construction Market is being driven by Increase in residential and commercial infrastructure projects

    The Construction Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1288.3 billion. The global construction industry is undergoing a transformative period, with the incorporation of Artificial Intelligence (AI) technologies becoming increasingly prevalent. This trend is fueled by the industry's demand for heightened productivity, superior decision-making capabilities, and streamlined project management processes. Mytek's introduction of an AI-driven platform in April 2024 signifies a significant leap forward. This innovative technology is designed to assist contractors in delivering infrastructure projects more efficiently and effectively. By optimizing processes, enhancing resource allocation, managing risks, and improving stakeholder communication, the platform is poised to revolutionize the construction sector, leading to increased project success. 

    Get more information on Construction Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Buildings construction
      • Heavy and civil engineering construction
      • Land planning and development
      • Specialty trade contractors
    • End-user
      • Private sector
      • Public sector
    • Product
      • Traditional
      • Sustainable
    • Geography
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • North America
        • Canada
        • US
      • Europe
        • Germany
        • UK
      • Middle East and Africa
        • South America

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • Increase in residential and commercial infrastructure projects
        • Expansion of industrial factories
        • Growing investment on public infrastructure projects

        However, the market also witnesses some limitations, which are as follows:

        • High cost of construction machinery
        • Volatility in raw material prices
        • Lack of workforce in construction sector

        Benefits of Buying Global Construction Market Research Report by Technavio

        Rich Experience: 20+ years leading global market research, trusted insights across industries.

        Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

        Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

        Market Scope in Construction Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        221

        Base year

        2024

        Historic period

        2019-2023

        Forecast period

        2025-2029

        Growth momentum & CAGR

        Accelerate at a CAGR of 5.5%

        Market growth 2025-2029

        USD 1288.3 billion

        Market structure

        fragmentation

        YoY growth 2024-2025(%)

        5.1

        Key countries

        US, China, Japan, India, Indonesia, Germany, Canada, South Korea, UK, and Saudi Arabia

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        In the construction industry, securing permits for building projects involves careful preparation of raw resources. Site readiness is crucial, with a focus on commercial buildings, smart cities, cold storage, hospitality, retail, and leisure sectors. Worker and sustainability regulations are paramount. Innovative technologies and advanced construction materials are driving progress, ensuring safety and efficiency in this dynamic field.

        Market Research Overview

        The global construction and engineering market encompasses businesses specializing in non-residential construction, comprising engineering service providers and Engineering, Procurement, and Construction (EPC) contractors. Residential construction firms are excluded from this market's scope. According to Technavio, the market size is determined by the consolidated revenue generated by engineering service providers and EPC contractors in the non-residential sector. Factors fueling market expansion include the increasing investment in urban infrastructure, as urban populations continue to grow and the demand for advanced transportation, communication services, and essential utilities such as water and electricity escalates.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

        Read News Read Less
        Interested in this report?
        Get your sample now!

      Safe and Secure SSL Encrypted

      Technavio

      • 2500 USD

      [5 reports/month/user]

      • 5000 USD

      close
      • Basic Plan [5000 USD/Year]:

        Single User
        Download 5 Reports/Month
        View 100 Reports/Month
        Add upto 3 Users at 625 USD/user

      • Teams Plan [7500 USD/Year]:

        5 User
        Download 5 Reports/Month/User
        View 100 Reports/Month/User
        Add upto 30 Users at 500 USD/user

      *You can upgrade to Teams plan at Subscription page

      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization).
        Complimentary Customization Included

      *For Enterprise license, go to checkout page

      Technavio Get the report (PDF) sent to your email within minutes.