NEW YORK, NY, July 28, 2025 — The global construction industry is set for robust growth through the end of the decade, according to the latest Global Powers of Construction (GPoC) report released by Deloitte. The study shows the global construction market is projected to expand from US$11.39 trillion in 2024 to US$16.11 trillion by 2030, driven by urbanization, an ageing population, sustainability goals, and the rapid shift toward smart construction.

The report, which analyzes the top 100 publicly traded construction companies worldwide, revealed that these firms generated US$1.978 trillion in sales in 2024, reflecting a slight 1% dip from the previous year amid economic volatility. Despite short-term challenges, the sector’s long-term outlook remains bright.

"Growth opportunities in the industry will likely be driven by factors such as increased urbanization, population ageing, digital transformation, and the energy transition. In particular, smart construction has the potential to shape infrastructure investments for years to come," said Javier Parada, Global Leader in Engineering & Construction at Deloitte Spain.

Smart Construction Moves to Center Stage

‍The report highlights how smart construction — once an experimental concept — has now become central to improving margins, boosting efficiency, and managing risk in an industry where profit margins are traditionally slim.

According to Deloitte, smart construction involves advanced digital tools such as Building Information Modeling (BIM), which provides detailed digital replicas of projects to improve cost forecasting. By adding real-time timeframes and budget projections to BIM, contractors can manage projects more accurately from planning through operation and maintenance.

Predictive maintenance technologies are also gaining traction, using real-time analytics to flag potential equipment failures before they happen, reducing downtime and controlling costs.

Global Shifts & Internationalization Trends

‍The report notes that China’s construction giants continue to dominate the market, with seven of the ten largest construction companies by sales and accounting for 51.2% of global revenue in 2024. European firms hold the greatest presence on the top 100 list by count, with 42 companies contributing 22% of the industry’s total revenue. Meanwhile, U.S.-based construction companies, while representing just 8.8% of global sales, achieved a 35.1% increase in market capitalization, demonstrating investor confidence in the sector’s future.

Internationalization remains a top priority for construction firms looking for growth beyond domestic borders. Many companies are expanding their footprint into new regions to counter local market saturation and capitalize on large-scale global infrastructure demands.

Despite macroeconomic uncertainties, Deloitte’s findings underscore the construction industry’s adaptability and resilience, positioning it as a crucial driver of global economic activity in the years to come.

About Deloitte

‍Deloitte is a global network of independent firms providing audit, consulting, tax, and advisory services to thousands of clients, including nearly 90% of the Fortune Global 500®. Backed by more than 460,000 professionals in over 150 countries and territories, Deloitte continues to help companies navigate complex markets and deliver measurable, sustainable results.

For more insights and the full report, visit www.deloitte.com.