GITNUX MARKETDATA REPORT 2024

Must-Know Construction Statistics [Recent Analysis]

Statistic 1

"The global construction industry is expected to reach a value of USD 10.5 trillion by 2023, at a CAGR of 4.2% for the forecasted period (2018-2023)."

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Statistic 2

"The US construction market is projected to reach USD 1.428 trillion by the year 2024."

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Statistic 3

"The construction industry in the United Kingdom (UK) contributed to a Gross Value Added (GVA) of approximately 118 billion British pounds in 2020."

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Statistic 4

"Green building construction is projected to account for more than 47% of the US construction market by 2021."

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Statistic 5

"The Asia-Pacific construction equipment market is anticipated to register a CAGR of about 3% during the forecast period (2020 – 2025)."

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Statistic 6

"The global prefabricated construction market is expected to grow at a CAGR of over 8% from 2020 to 2026."

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Statistic 7

"In 2020, China’s construction market was valued at approximately 3.29 trillion yuan (about 506.65 billion USD)."

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Statistic 8

"The global construction chemicals market is predicted to reach USD 50.3 billion by 2027, at a CAGR of 6.3% during the forecast period (2020-2027)."

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Statistic 9

"The construction industry in Canada employed 1.52 million people as of the first quarter of 2021."

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Statistic 10

"According to the U.S. Bureau of Labor Statistics, the construction industry in the United States employed approximately 7.43 million people in 2020."

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Statistic 11

"The construction sector in Australia accounted for 8.0% of the Gross Domestic Product (GDP) in 2019."

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Statistic 12

"In 2018, the construction sector in India generated a revenue of USD 157.4 billion."

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Statistic 13

"The European construction sector is expected to grow by 21.0% by the year 2030."

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Statistic 14

"The construction output of the global construction industry reached USD 11.42 trillion in 2020."

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Statistic 15

"The modular construction market is projected to reach USD 157.19 billion by 2026, at a CAGR of 6.9% during the forecast period (2021-2026)."

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