The global market for Construction Spending was valued at US$4 Trillion in 2024 and is projected to reach US$5 Trillion by 2030, growing at a CAGR of 3.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
In recent years, the landscape of construction spending has been shaped by a variety of trends and shifts in both residential and commercial sectors. Residential construction has seen a notable upswing driven by low interest rates, increasing demand for housing, and an evolving preference for suburban and rural homes - a trend accelerated by the global shift towards remote work during the COVID-19 pandemic. On the commercial front, there has been a significant transformation with increased investments in industrial facilities, especially those related to e-commerce and logistics. Conversely, the office and retail construction sectors have faced declines, as businesses reevaluate their space needs in response to increasing online shopping and ongoing adjustments to where and how people work.
The growth in the construction spending market is driven by several factors, including technological advancements in building materials and construction methods. The adoption of green building practices, aimed at reducing carbon footprints and enhancing energy efficiency, has spurred new projects that adhere to stricter environmental regulations. Furthermore, government fiscal policies, particularly public spending on infrastructure projects, significantly influence construction spending. Economic recovery packages, often including substantial allocations for infrastructure, can lead to surges in sector activity. Consumer behavior, particularly the increased demand for customized and luxury residential properties, also plays a critical role in driving construction spending. These multifaceted growth drivers ensure that the construction industry remains robust and capable of adapting to evolving economic and environmental landscapes.
Global Construction Spending Market - Key Trends and Drivers Summarized
Construction spending refers to the total expenditure on construction projects over a specific period. It encompasses a broad range of activities, from residential and commercial building to infrastructure development such as roads, bridges, and utilities. This measure is an important economic indicator, reflecting both public and private sector investment in building and infrastructure works. The figures are closely monitored by economists, investors, and policymakers because they provide insights into the health of the construction industry, which is a significant component of gross domestic product (GDP) and directly correlates with the overall economic health of a country.In recent years, the landscape of construction spending has been shaped by a variety of trends and shifts in both residential and commercial sectors. Residential construction has seen a notable upswing driven by low interest rates, increasing demand for housing, and an evolving preference for suburban and rural homes - a trend accelerated by the global shift towards remote work during the COVID-19 pandemic. On the commercial front, there has been a significant transformation with increased investments in industrial facilities, especially those related to e-commerce and logistics. Conversely, the office and retail construction sectors have faced declines, as businesses reevaluate their space needs in response to increasing online shopping and ongoing adjustments to where and how people work.
The growth in the construction spending market is driven by several factors, including technological advancements in building materials and construction methods. The adoption of green building practices, aimed at reducing carbon footprints and enhancing energy efficiency, has spurred new projects that adhere to stricter environmental regulations. Furthermore, government fiscal policies, particularly public spending on infrastructure projects, significantly influence construction spending. Economic recovery packages, often including substantial allocations for infrastructure, can lead to surges in sector activity. Consumer behavior, particularly the increased demand for customized and luxury residential properties, also plays a critical role in driving construction spending. These multifaceted growth drivers ensure that the construction industry remains robust and capable of adapting to evolving economic and environmental landscapes.
Report Scope
The report analyzes the Construction Spending market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Construction Type (Buildings Construction, Heavy & Civil Engineering, Land Planning & Development, Other Construction Types); Location (Urban Locations, Non-Urban Locations).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Buildings Construction segment, which is expected to reach US$2.2 Trillion by 2030 with a CAGR of a 4.1%. The Heavy & Civil Engineering segment is also set to grow at 3.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $1.1 Trillion in 2024, and China, forecasted to grow at an impressive 6.8% CAGR to reach $1 Trillion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AlJaber Engineering W.L.L, Arabian Bemco Contracting Co. Ltd., Bechtel Corporation, Consolidated Contractors Company, El Seif Engineering Contracting and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Construction Spending Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Construction Spending Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Construction Spending Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 36 major companies featured in this Construction Spending market report include:
- AlJaber Engineering W.L.L
- Arabian Bemco Contracting Co. Ltd.
- Bechtel Corporation
- Consolidated Contractors Company
- El Seif Engineering Contracting
- Esta Construction
- HBK Contracting Company W.L.L
- Mushrif Trading and Contracting Company
- Oman Shapoorji Construction Co
- Orascom Construction PLC
- Panattoni Development Company Inc.
- Ramaco Trading and Contracting W.L.L
- Redcon Construction
- Saudi Bin Ladin Group
- Shapoorji Pallonji And Company
- Private Limited"
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AlJaber Engineering W.L.L
- Arabian Bemco Contracting Co. Ltd.
- Bechtel Corporation
- Consolidated Contractors Company
- El Seif Engineering Contracting
- Esta Construction
- HBK Contracting Company W.L.L
- Mushrif Trading and Contracting Company
- Oman Shapoorji Construction Co
- Orascom Construction PLC
- Panattoni Development Company Inc.
- Ramaco Trading and Contracting W.L.L
- Redcon Construction
- Saudi Bin Ladin Group
- Shapoorji Pallonji And Company
- Private Limited"
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 273 |
| Published | March 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 4 Trillion |
| Forecasted Market Value ( USD | $ 5 Trillion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
