How big is the Building Construction Market

Q: How big was the building construction market in 2024?

The building construction market was estimated at USD 7,200 billion in 2024.

Q: What is the projected market size of building construction by 2031?

The market is projected to reach USD 1 trillion by 2031, growing at a CAGR of 6.2%.

Q: What is driving the building construction market growth?

Urbanization, smart city development, government infrastructure initiatives, and rising housing needs are main growth drivers.

Q: What are the key trends in the building construction industry?

Modular construction, digital technologies, sustainable building practices, and green certifications are leading industry trends.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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How big is the Building Construction Market | Growth, Trends & Analysis 2025

Code: MTA5396

Publication Date: Jul 2025

What is the size of the Building Construction Market?

According to 绿帽社 internal database and industry insights, the Global Building Construction Market was valued at USD 7,200 billion in 2024 and is projected to reach USD 1 trillion by 2031, growing at a CAGR of 6.2% during the forecast period 2025鈥�2031.

The market is expanding due to rapid urbanization, increasing global population, infrastructure upgrades, and rising investments in residential, commercial, and industrial projects.

Key Growth Factors of the Building Construction Market

Continuous growth in urban people and increasing housing demand
Government spending on public infrastructure and transport systems
Rising investments in commercial real estate and smart city initiatives
Demand for sustainable, energy-efficient, and green buildings
Growth in industrial and logistics infrastructure due to e-commerce expansion

Building Construction Market Trends

Building construction market is growing over the years with numbers of trends which include the adoption of modular and prefabricated construction methods for faster and cost-effective project execution. Other trends such as the sustainable building materials and LEED-certified projects are increasingly favoured by both public and private developers.聽Further, the digitalization and automation, including BIM (Building Information Modelling), drones, and construction robotics, are improving efficiency and safety on-site.

Emerging Developments in the Building Construction Market

Building construction market is seeing great developments which include the AI-powered construction planning, 3D printing of structures, and digital twin models are transforming the construction landscape. The market is emphasizing on the carbon-neutral buildings, with developers focusing on net-zero energy performance. Furthermore, the public-private partnerships (PPP) are becoming more prominent in large infrastructure and housing projects worldwide.