PUBLISHER: MarketLine | PRODUCT CODE: 1520949
PUBLISHER: MarketLine | PRODUCT CODE: 1520949
Global Construction industry profile provides top-line qualitative and quantitative summary information including: Industry size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Industry.
The construction market includes both residential and non-residential construction.
Residential construction refers to the process of building structures primarily intended for people to live in. The residential market includes demolition, new construction, refurbishment, and repair & maintenance.
Non-residential construction refers to the process of building structures that are not intended for residential purposes. The non-residential segment includes commercial construction, energy and utilities construction, industrial construction, infrastructure construction, and institutional construction.
Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
The global construction industry had total revenues of $14,179,912.7 million in 2023, representing a compound annual growth rate (CAGR) of 4.9% between 2018 and 2023.
The non-residential segment accounted for the industry's largest proportion in 2023, with total revenues of $8,882,468.2 million, equivalent to 62.6% of the industry's overall value.
In the global construction industry, Asia-Pacific is the largest industry followed by Europe, North America, Middle East, and South America.