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Construction Market Size, Share and Forecast 2026-2036

The global construction market is worth USD 7.9 tn in 2026 and is forecast to reach USD 12.6 tn by 2036, growing at a 4.8% CAGR. China is the largest country market and Residential buildings is the largest by type of work segment.

USD 7.9 tnMarket size 2026
USD 12.6 tnForecast 2036
4.8%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global construction market is worth USD 7.9 tn in 2026 and is forecast to reach USD 12.6 tn by 2036, growing at a 4.8% CAGR. China is the largest country market and Residential buildings is the largest by type of work segment.

ScopeRevenue earned by formal-sector contractors from constructing buildings and infrastructure, including new residential, non-residential, civil engineering and industrial works.
IndustryServices and Utilities
Value 2025USD 7.5 tn
Value 2026USD 7.9 tn
Value 2036USD 12.6 tn
CAGR 2026-20364.8%
Volume 20266,659 million square metres
Volume 20368,313 million square metres
Average price 2026USD 1,183 per square metre
Report priceStarts from USD 1,999
PublishedNovember 2026

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Construction market size and forecast, 2026-2036

Exhibit 1The global construction market is forecast to grow from USD 7.9 tn in 2026 to USD 12.6 tn by 2036, a rise of 60%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 4.8%
Construction market value, 2025 to 2036Market value by year. 2025: USD 7.5 tn; 2026: USD 7.9 tn; 2027: USD 8.3 tn; 2028: USD 8.6 tn; 2029: USD 9.1 tn; 2030: USD 9.5 tn; 2031: USD 10.0 tn; 2032: USD 10.4 tn; 2033: USD 10.9 tn; 2034: USD 11.5 tn; 2035: USD 12.0 tn; 2036: USD 12.6 tn. Compound annual growth rate 2026 to 2036: 4.8%.20257.9 tn202610.0 tn203112.6 tn20364.8% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 7.9 tn
2027USD 8.3 tn
2028USD 8.6 tn
2029USD 9.1 tn
2030USD 9.5 tn
2031USD 10.0 tn
2032USD 10.4 tn
2033USD 10.9 tn
2034USD 11.5 tn
2035USD 12.0 tn
2036USD 12.6 tn

Construction market segmentation

By type of work

Exhibit 2Residential buildings is the largest segment by type of work, with 36.0% of 2026 revenueEstimated share of 2026 global revenue, by type of work
Construction market share by type of work, 2026Share of 2026 revenue by type of work. Residential buildings: 36.0%; Civil engineering and infrastructure: 30.0%; Non-residential buildings: 24.0%; Industrial works: 10.0%.Residential buildings36.0%Civil engineering and infrastructure30.0%Non-residential buildings24.0%Industrial works10.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Residential buildings36.0%34.1%USD 2.8 tn4.2%
Non-residential buildings24.0%23.9%USD 1.9 tn4.7%
Civil engineering and infrastructure30.0%31.9%USD 2.4 tn5.4%
Industrial works10.0%10.1%USD 788 bn4.9%

By activity

Exhibit 3New construction adds the most revenue by activity, growing from USD 4.7 tn in 2026 to USD 7.6 tn by 2036Estimated revenue in USD by activity, 2026 and 2036 forecast
Construction market by activity, 2026 and 2036Revenue by activity in 2026 and 2036. New construction: USD 4.7 tn in 2026, USD 7.6 tn in 2036, change +61%; Renovation and refurbishment: USD 2.4 tn in 2026, USD 3.8 tn in 2036, change +61%; Maintenance and repair works: USD 788 bn in 2026, USD 1.2 tn in 2036, change +53%.20262036 forecastChangeNew construction+61%4.7 tn7.6 tnRenovation and refurbishment+61%2.4 tn3.8 tnMaintenance and repair works+53%788 bn1.2 tn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
New construction60.0%60.3%USD 4.7 tn4.8%
Renovation and refurbishment30.0%30.1%USD 2.4 tn4.8%
Maintenance and repair works10.0%9.6%USD 788 bn4.3%

By client sector

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Government and public bodies34.0%32.0%USD 2.7 tn4.2%
Private commercial and industrial37.0%37.0%USD 2.9 tn4.8%
Households and developers29.0%31.0%USD 2.3 tn5.5%

By contract value

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Under USD 1 million27.0%23.0%USD 2.1 tn3.1%
USD 1 to 50 million44.0%43.0%USD 3.5 tn4.6%
Over USD 50 million29.0%34.0%USD 2.3 tn6.5%

By contractor size

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Large contractors38.0%41.0%USD 3.0 tn5.6%
Mid-size contractors34.0%34.0%USD 2.7 tn4.8%
Small contractors28.0%25.0%USD 2.2 tn3.6%

Top 25 countries for construction by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 70.1% of 2026 revenue and the 25 countries below together hold 90.4%.

Exhibit 4China is the largest country market at USD 2.0 tn in 2026, and the three largest countries hold 49.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Construction market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 2.0 tn, 25.0%; United States: USD 1.3 tn, 16.0%; India: USD 630 bn, 8.0%; Japan: USD 354 bn, 4.5%; Germany: USD 276 bn, 3.5%; Indonesia: USD 236 bn, 3.0%; United Kingdom: USD 220 bn, 2.8%; Brazil: USD 213 bn, 2.7%; France: USD 189 bn, 2.4%; Saudi Arabia: USD 173 bn, 2.2%.China2.0 tn 25.0%United States1.3 tn 16.0%India630 bn 8.0%Japan354 bn 4.5%Germany276 bn 3.5%Indonesia236 bn 3.0%United Kingdom220 bn 2.8%Brazil213 bn 2.7%France189 bn 2.4%Saudi Arabia173 bn 2.2%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 2.0 tn25.0%USD 2.9 tn3.8%
2United StatesUSD 1.3 tn16.0%USD 2.0 tn4.5%
3IndiaUSD 630 bn8.0%USD 1.5 tn9.1%
4JapanUSD 354 bn4.5%USD 415 bn1.6%
5GermanyUSD 276 bn3.5%USD 378 bn3.2%
6IndonesiaUSD 236 bn3.0%USD 440 bn6.4%
7United KingdomUSD 220 bn2.8%USD 315 bn3.6%
8BrazilUSD 213 bn2.7%USD 352 bn5.2%
9FranceUSD 189 bn2.4%USD 252 bn2.9%
10Saudi ArabiaUSD 173 bn2.2%USD 340 bn7.0%
11ItalyUSD 165 bn2.1%USD 243 bn4.0%
12CanadaUSD 154 bn1.9%USD 228 bn4.0%
13AustraliaUSD 143 bn1.8%USD 213 bn4.0%
14South KoreaUSD 134 bn1.7%USD 199 bn4.0%
15MexicoUSD 125 bn1.6%USD 225 bn6.0%
16SpainUSD 117 bn1.5%USD 172 bn4.0%
17TurkeyUSD 109 bn1.4%USD 198 bn6.1%
18RussiaUSD 102 bn1.3%USD 128 bn2.4%
19VietnamUSD 95.3 bn1.2%USD 198 bn7.6%
20NetherlandsUSD 89.0 bn1.1%USD 131 bn3.9%
21United Arab EmiratesUSD 82.7 bn1.1%USD 150 bn6.1%
22EgyptUSD 77.2 bn1.0%USD 161 bn7.6%
23PolandUSD 72.5 bn0.9%USD 107 bn4.0%
24PhilippinesUSD 67.7 bn0.9%USD 140 bn7.5%
25ThailandUSD 63.0 bn0.8%USD 113 bn6.0%
Rest of worldUSD 759 bn9.6%USD 1.2 tn4.3%
Exhibit 5China and India account for 38% of the USD 4.7 tn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Construction market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 7.9 tn. China: +USD 901 bn; India: +USD 868 bn; United States: +USD 703 bn; Indonesia: +USD 204 bn; Saudi Arabia: +USD 167 bn; 20 other countries: +USD 1.5 tn; Rest of world: +USD 399 bn. Market value 2036: USD 12.6 tn.Market value 20267.9 tnChina+901 bnIndia+868 bnUnited States+703 bnIndonesia+204 bnSaudi Arabia+167 bn20 other countries+1.5 tnRest of world+399 bnMarket value 203612.6 tn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • China State Construction Engineering
  • China Railway Group
  • China Communications Construction
  • Vinci
  • ACS Group
  • Bouygues
  • China Railway Construction Corporation
  • Power Construction Corporation of China
  • China Metallurgical Group

Group 2: Regional and specialist players

  • Larsen & Toubro
  • Bechtel
  • Skanska
  • Hochtief
  • Turner Construction
  • Samsung C&T
  • Kajima
  • Obayashi
  • Taisei
  • Shimizu

Group 3: Emerging and niche players

  • Shapoorji Pallonji
  • Webuild
  • Kiewit
  • Sacyr
  • Tutor Perini
  • Afcons Infrastructure

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the construction market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.8% is calculated from the resulting values.

The market is divided by type of work, by activity, by client sector, by contract value, by contractor size. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the construction market?

The global construction market is estimated at USD 7.5 tn in 2025 and USD 7.9 tn in 2026.

How fast will the construction market grow?

It is forecast to reach USD 12.6 tn by 2036, a compound annual growth rate of 4.8% from 2026, an increase of USD 4.7 tn.

Which country is the largest market for construction?

China is the largest market by revenue at USD 2.0 tn in 2026, 25.0% of the global total. The three largest countries together hold 49.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 9.1% a year from 2026 to 2036.

Which construction segment is largest?

In the by type of work split, Residential buildings is the largest segment with 36.0% of 2026 revenue.

Who are the leading construction companies?

Global leaders include China State Construction Engineering, China Railway Group, China Communications Construction, Vinci.

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