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.
| Scope | Revenue earned by formal-sector contractors from constructing buildings and infrastructure, including new residential, non-residential, civil engineering and industrial works. |
|---|---|
| Industry | Services and Utilities |
| Value 2025 | USD 7.5 tn |
| Value 2026 | USD 7.9 tn |
| Value 2036 | USD 12.6 tn |
| CAGR 2026-2036 | 4.8% |
| Volume 2026 | 6,659 million square metres |
| Volume 2036 | 8,313 million square metres |
| Average price 2026 | USD 1,183 per square metre |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Construction market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 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 |
Construction market segmentation
By type of work
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Residential buildings | 36.0% | 34.1% | USD 2.8 tn | 4.2% |
| Non-residential buildings | 24.0% | 23.9% | USD 1.9 tn | 4.7% |
| Civil engineering and infrastructure | 30.0% | 31.9% | USD 2.4 tn | 5.4% |
| Industrial works | 10.0% | 10.1% | USD 788 bn | 4.9% |
By activity
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| New construction | 60.0% | 60.3% | USD 4.7 tn | 4.8% |
| Renovation and refurbishment | 30.0% | 30.1% | USD 2.4 tn | 4.8% |
| Maintenance and repair works | 10.0% | 9.6% | USD 788 bn | 4.3% |
By client sector
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Government and public bodies | 34.0% | 32.0% | USD 2.7 tn | 4.2% |
| Private commercial and industrial | 37.0% | 37.0% | USD 2.9 tn | 4.8% |
| Households and developers | 29.0% | 31.0% | USD 2.3 tn | 5.5% |
By contract value
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Under USD 1 million | 27.0% | 23.0% | USD 2.1 tn | 3.1% |
| USD 1 to 50 million | 44.0% | 43.0% | USD 3.5 tn | 4.6% |
| Over USD 50 million | 29.0% | 34.0% | USD 2.3 tn | 6.5% |
By contractor size
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Large contractors | 38.0% | 41.0% | USD 3.0 tn | 5.6% |
| Mid-size contractors | 34.0% | 34.0% | USD 2.7 tn | 4.8% |
| Small contractors | 28.0% | 25.0% | USD 2.2 tn | 3.6% |
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%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 2.0 tn | 25.0% | USD 2.9 tn | 3.8% |
| 2 | United States | USD 1.3 tn | 16.0% | USD 2.0 tn | 4.5% |
| 3 | India | USD 630 bn | 8.0% | USD 1.5 tn | 9.1% |
| 4 | Japan | USD 354 bn | 4.5% | USD 415 bn | 1.6% |
| 5 | Germany | USD 276 bn | 3.5% | USD 378 bn | 3.2% |
| 6 | Indonesia | USD 236 bn | 3.0% | USD 440 bn | 6.4% |
| 7 | United Kingdom | USD 220 bn | 2.8% | USD 315 bn | 3.6% |
| 8 | Brazil | USD 213 bn | 2.7% | USD 352 bn | 5.2% |
| 9 | France | USD 189 bn | 2.4% | USD 252 bn | 2.9% |
| 10 | Saudi Arabia | USD 173 bn | 2.2% | USD 340 bn | 7.0% |
| 11 | Italy | USD 165 bn | 2.1% | USD 243 bn | 4.0% |
| 12 | Canada | USD 154 bn | 1.9% | USD 228 bn | 4.0% |
| 13 | Australia | USD 143 bn | 1.8% | USD 213 bn | 4.0% |
| 14 | South Korea | USD 134 bn | 1.7% | USD 199 bn | 4.0% |
| 15 | Mexico | USD 125 bn | 1.6% | USD 225 bn | 6.0% |
| 16 | Spain | USD 117 bn | 1.5% | USD 172 bn | 4.0% |
| 17 | Turkey | USD 109 bn | 1.4% | USD 198 bn | 6.1% |
| 18 | Russia | USD 102 bn | 1.3% | USD 128 bn | 2.4% |
| 19 | Vietnam | USD 95.3 bn | 1.2% | USD 198 bn | 7.6% |
| 20 | Netherlands | USD 89.0 bn | 1.1% | USD 131 bn | 3.9% |
| 21 | United Arab Emirates | USD 82.7 bn | 1.1% | USD 150 bn | 6.1% |
| 22 | Egypt | USD 77.2 bn | 1.0% | USD 161 bn | 7.6% |
| 23 | Poland | USD 72.5 bn | 0.9% | USD 107 bn | 4.0% |
| 24 | Philippines | USD 67.7 bn | 0.9% | USD 140 bn | 7.5% |
| 25 | Thailand | USD 63.0 bn | 0.8% | USD 113 bn | 6.0% |
| Rest of world | USD 759 bn | 9.6% | USD 1.2 tn | 4.3% |
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.
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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