GITNUX REPORT 2024

Global Construction Industry Statistics: Key Figures and Future Projections.

Dive into the $14.4 trillion global construction industry, featuring China, US, India, and sustainable innovations.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The global modular construction market size was valued at $92.18 billion in 2020.

Statistic 2

The global 3D printing construction market is expected to reach $1.5 billion by 2024.

Statistic 3

The global prefabricated building market is expected to reach $153.7 billion by 2026.

Statistic 4

The global modular construction market is expected to reach $157.19 billion by 2023.

Statistic 5

The global 3D concrete printing market size was valued at $310.9 million in 2019.

Statistic 6

The global prefabricated building market size was valued at $132.9 billion in 2018.

Statistic 7

The global construction 3D printing market size was valued at $7 million in 2020.

Statistic 8

The global prefabricated construction market size was valued at $132.9 billion in 2018.

Statistic 9

The global modular construction market size was valued at $72.11 billion in 2020.

Statistic 10

The construction industry employs about 7% of the global work force.

Statistic 11

The global construction equipment market size was valued at $184.5 billion in 2021.

Statistic 12

The global scaffolding market size is expected to reach $78.4 billion by 2026.

Statistic 13

The global construction equipment rental market size was valued at $92.2 billion in 2020.

Statistic 14

The global construction dumper market size was valued at $17.9 billion in 2019.

Statistic 15

The global construction equipment market is expected to reach $261 billion by 2027.

Statistic 16

The global construction equipment market size was valued at $184.5 billion in 2021.

Statistic 17

The global construction equipment market size was valued at $184.5 billion in 2021.

Statistic 18

The global construction machinery market size was valued at $161.9 billion in 2020.

Statistic 19

The global construction equipment rental market size was valued at $92.2 billion in 2020.

Statistic 20

The global construction market is expected to reach $14.4 trillion by 2030.

Statistic 21

The global construction industry is expected to reach $10.5 trillion by 2023.

Statistic 22

China, US, and India are the three largest construction markets globally.

Statistic 23

The construction industry accounts for about 13% of global GDP.

Statistic 24

The Asia-Pacific region is expected to dominate the global construction market with a 45% share by 2030.

Statistic 25

The global construction plastics market size was valued at $75.7 billion in 2020.

Statistic 26

The global construction glass market size was valued at $115.79 billion in 2020.

Statistic 27

The global construction chemicals market size was valued at $63.2 billion in 2020.

Statistic 28

The global construction adhesives market size was valued at $11.0 billion in 2019.

Statistic 29

The global construction aggregates market size was valued at $463.3 billion in 2019.

Statistic 30

The global ready-mix concrete market size was valued at $633.4 billion in 2019.

Statistic 31

About 20% of all injuries in private industry occur in construction.

Statistic 32

The global construction safety equipment market size was valued at $54.1 billion in 2019.

Statistic 33

The global fall protection equipment market size was valued at $2.9 billion in 2019.

Statistic 34

The global construction helmets market size was valued at $2.1 billion in 2019.

Statistic 35

The global construction worker safety market size was valued at $6.3 billion in 2020.

Statistic 36

Green building materials market is projected to reach $523.72 billion by 2030.

Statistic 37

40% of global energy-related carbon emissions come from buildings and construction.

Statistic 38

Construction waste accounts for approximately 35% of global landfill.

Statistic 39

The construction industry is responsible for 36% of worldwide energy usage.

Statistic 40

The global green cement market is projected to reach $43.59 billion by 2027.

Statistic 41

The global construction sustainable materials market size was valued at $199.0 billion in 2019.

Statistic 42

The global construction waste management market size was valued at $314.9 billion in 2019.

Statistic 43

The global green building materials market size was valued at $256.5 billion in 2020.

Statistic 44

The global green building materials market size was valued at $256.5 billion in 2020.

Statistic 45

The global sustainable construction materials market size was valued at $199.0 billion in 2019.

Statistic 46

The global construction waste management market size was valued at $314.9 billion in 2019.

Statistic 47

The global smart building market size is expected to grow to $265.37 billion by 2028.

Statistic 48

Construction is one of the least digitized sectors in the world.

Statistic 49

75% of construction companies globally use or plan to use drones.

Statistic 50

The global construction robots market is projected to reach $7.88 billion by 2027.

Statistic 51

The global construction management software market size was valued at $1.4 billion in 2020.

Statistic 52

The global construction robots market size was valued at $2.4 billion in 2019.

Statistic 53

The global construction software market size was valued at $1.4 billion in 2020.

Statistic 54

The global building information modeling (BIM) market size was valued at $5.2 billion in 2019.

Statistic 55

The global augmented reality in construction market is expected to reach $2.4 billion by 2027.

Statistic 56

The global virtual reality in construction market is expected to reach $2.4 billion by 2027.

Statistic 57

The global construction drone market size was valued at $4.8 billion in 2019.

Statistic 58

The global construction project management software market size was valued at $1.4 billion in 2020.

Statistic 59

The global construction estimation software market size was valued at $793.9 million in 2019.

Statistic 60

The global construction accounting software market size was valued at $647.8 million in 2019.

Statistic 61

The global construction scheduling software market size was valued at $215.9 million in 2019.

Statistic 62

The global construction collaboration software market size was valued at $729.4 million in 2019.

Statistic 63

The global construction management software market size was valued at $1.5 billion in 2020.

Statistic 64

The global construction robotics market size was valued at $2.4 billion in 2019.

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Summary

  • The global construction market is expected to reach $14.4 trillion by 2030.
  • China, US, and India are the three largest construction markets globally.
  • The construction industry employs about 7% of the global work force.
  • Green building materials market is projected to reach $523.72 billion by 2030.
  • The global construction equipment market size was valued at $184.5 billion in 2021.
  • 40% of global energy-related carbon emissions come from buildings and construction.
  • The global smart building market size is expected to grow to $265.37 billion by 2028.
  • Construction is one of the least digitized sectors in the world.
  • The global modular construction market size was valued at $92.18 billion in 2020.
  • The construction industry accounts for about 13% of global GDP.
  • 75% of construction companies globally use or plan to use drones.
  • The global 3D printing construction market is expected to reach $1.5 billion by 2024.
  • Construction waste accounts for approximately 35% of global landfill.
  • The global construction robots market is projected to reach $7.88 billion by 2027.
  • About 20% of all injuries in private industry occur in construction.

Hold onto your hard hats, folks, because the global construction industry is building its way to staggering heights! With projections reaching $14.4 trillion by 2030, its no wonder construction is one of the largest sectors in the world. From towering skyscrapers to eco-friendly developments, these statistics paint a vivid picture of an industry thats laying down the foundations for the future. China, the US, and India lead the charge as the top construction markets, employing a whopping 7% of the global workforce. As the world looks towards greener practices, the rise of sustainable materials and cutting-edge technology like drones and 3D printing are reshaping the landscape. Yet, amidst all this innovation, one thing remains constant: construction may be evolving, but its impact on our world is as concrete as ever.

Construction Methods

  • The global modular construction market size was valued at $92.18 billion in 2020.
  • The global 3D printing construction market is expected to reach $1.5 billion by 2024.
  • The global prefabricated building market is expected to reach $153.7 billion by 2026.
  • The global modular construction market is expected to reach $157.19 billion by 2023.
  • The global 3D concrete printing market size was valued at $310.9 million in 2019.
  • The global prefabricated building market size was valued at $132.9 billion in 2018.
  • The global construction 3D printing market size was valued at $7 million in 2020.
  • The global prefabricated construction market size was valued at $132.9 billion in 2018.
  • The global modular construction market size was valued at $72.11 billion in 2020.

Interpretation

As the construction industry navigates the intricate web of statistics and forecasts, one thing is clear - the future is looking increasingly modular and prefabricated, with a dash of 3D printing innovation. From the impressive numbers highlighting the billion-dollar projections for modular and prefabricated construction markets to the exponential growth expected in 3D printing technologies, it's evident that the industry is embracing a more efficient and sustainable approach. As buildings begin to take shape layer by layer or module by module, traditional construction methods might soon find themselves outdated relics of the past. The world of construction is evolving, and it seems like the future is being built one prefabricated piece at a time - and who knows, maybe someday even skyscrapers will be printed instead of built.

Employment

  • The construction industry employs about 7% of the global work force.

Interpretation

It seems like the construction industry is literally building bridges, both figuratively and literally, as it holds up 7% of the global workforce. Whether we're constructing towering skyscrapers or paving roads to progress, it's clear that the construction sector isn't just laying down bricks - it's laying down the foundation for economic growth and development worldwide.

Equipment

  • The global construction equipment market size was valued at $184.5 billion in 2021.
  • The global scaffolding market size is expected to reach $78.4 billion by 2026.
  • The global construction equipment rental market size was valued at $92.2 billion in 2020.
  • The global construction dumper market size was valued at $17.9 billion in 2019.
  • The global construction equipment market is expected to reach $261 billion by 2027.
  • The global construction equipment market size was valued at $184.5 billion in 2021.
  • The global construction equipment market size was valued at $184.5 billion in 2021.
  • The global construction machinery market size was valued at $161.9 billion in 2020.
  • The global construction equipment rental market size was valued at $92.2 billion in 2020.

Interpretation

In a world where billions are measured not in the complexities of human achievement, but in the size of construction equipment markets, one cannot help but marvel at the staggering figures before us. The global construction industry seems to be riding on the back of giant scaffolding and dumper trucks, propelling itself towards a future where the machinery reigns supreme. With market sizes reaching astronomical heights, it appears that the construction world is not just building structures, but also constructing a financial empire of its own. As we look ahead to the projected $261 billion market by 2027, one can't help but wonder - are we witnessing the evolution of construction into a high-stakes game of market dominance, where cranes and bulldozers hold the keys to the kingdom? Time will tell if this machinery-driven march will lead us to towering success or a collapse of monumental proportions.

Market Growth

  • The global construction market is expected to reach $14.4 trillion by 2030.
  • The global construction industry is expected to reach $10.5 trillion by 2023.

Interpretation

The construction industry is clearly building its way to the top, with global spending projected to hit an impressive $10.5 trillion by 2023 and a staggering $14.4 trillion by 2030. These numbers reflect not just bricks and mortar, but also an economy on the rise. It seems the world is putting its money where its buildings are, showing that when it comes to construction, the sky is definitely not the limit.

Market Size

  • China, US, and India are the three largest construction markets globally.
  • The construction industry accounts for about 13% of global GDP.
  • The Asia-Pacific region is expected to dominate the global construction market with a 45% share by 2030.

Interpretation

The global construction industry is not just building walls, it's building economies. With China, the US, and India leading the pack, it's a construction world out there. Accounting for a hefty 13% of global GDP, this industry doesn't just construct buildings, it constructs prosperity. And watch out, folks, the Asia-Pacific region is gearing up to claim the construction crown, with a projected 45% stake in the market by 2030. Looks like it's time to grab a hard hat and join the economic evolution happening right before our very eyes.

Materials

  • The global construction plastics market size was valued at $75.7 billion in 2020.
  • The global construction glass market size was valued at $115.79 billion in 2020.
  • The global construction chemicals market size was valued at $63.2 billion in 2020.
  • The global construction adhesives market size was valued at $11.0 billion in 2019.
  • The global construction aggregates market size was valued at $463.3 billion in 2019.
  • The global ready-mix concrete market size was valued at $633.4 billion in 2019.

Interpretation

In a world where construction materials are valued in billions, it seems the global construction industry is truly building castles in the air and skyscrapers on solid ground. From plastics to glass, chemicals to adhesives, aggregates to concrete, each element plays a crucial role in shaping our physical landscape. With such staggering figures, it's clear that the construction sector is not just about bricks and mortar, but about innovation, investment, and the foundation for future progress. So next time you walk past a construction site, remember that behind every crane and scaffold lies a multi-billion-dollar dance of materials that are literally shaping the world we live in.

Safety

  • About 20% of all injuries in private industry occur in construction.
  • The global construction safety equipment market size was valued at $54.1 billion in 2019.
  • The global fall protection equipment market size was valued at $2.9 billion in 2019.
  • The global construction helmets market size was valued at $2.1 billion in 2019.
  • The global construction worker safety market size was valued at $6.3 billion in 2020.

Interpretation

The statistics paint a stark picture of the construction industry: it's a dangerous place to work with about 20% of all injuries occurring within its realm. However, it seems that safety is a booming business, with the global construction safety equipment market valued at a whopping $54.1 billion in 2019. From fall protection equipment to construction helmets, it appears there's big money in keeping construction workers safe. With the global construction worker safety market reaching $6.3 billion in 2020, it seems that while construction may be a risky business, investing in safety measures is certainly paying off - both for workers and for those in the safety equipment market.

Sustainability

  • Green building materials market is projected to reach $523.72 billion by 2030.
  • 40% of global energy-related carbon emissions come from buildings and construction.
  • Construction waste accounts for approximately 35% of global landfill.
  • The construction industry is responsible for 36% of worldwide energy usage.
  • The global green cement market is projected to reach $43.59 billion by 2027.
  • The global construction sustainable materials market size was valued at $199.0 billion in 2019.
  • The global construction waste management market size was valued at $314.9 billion in 2019.
  • The global green building materials market size was valued at $256.5 billion in 2020.
  • The global green building materials market size was valued at $256.5 billion in 2020.
  • The global sustainable construction materials market size was valued at $199.0 billion in 2019.
  • The global construction waste management market size was valued at $314.9 billion in 2019.

Interpretation

In a world where the construction industry holds both the key to progress and the burden of environmental impact, these statistics paint a vivid picture of the urgent need for change. With green building materials markets projected to soar and energy-related carbon emissions soaring from construction activities, it's clear that sustainability is not just a buzzword but a critical necessity. From the staggering amount of construction waste ending up in landfills to the industry's substantial energy consumption, the numbers speak volumes about the current state of affairs. As we gaze upon these figures, it's evident that the construction sector has a pivotal role to play in shaping a greener future for our planet – one where innovation, responsibility, and sustainability go hand in hand.

Technology

  • The global smart building market size is expected to grow to $265.37 billion by 2028.
  • Construction is one of the least digitized sectors in the world.
  • 75% of construction companies globally use or plan to use drones.
  • The global construction robots market is projected to reach $7.88 billion by 2027.
  • The global construction management software market size was valued at $1.4 billion in 2020.
  • The global construction robots market size was valued at $2.4 billion in 2019.
  • The global construction software market size was valued at $1.4 billion in 2020.
  • The global building information modeling (BIM) market size was valued at $5.2 billion in 2019.
  • The global augmented reality in construction market is expected to reach $2.4 billion by 2027.
  • The global virtual reality in construction market is expected to reach $2.4 billion by 2027.
  • The global construction drone market size was valued at $4.8 billion in 2019.
  • The global construction project management software market size was valued at $1.4 billion in 2020.
  • The global construction estimation software market size was valued at $793.9 million in 2019.
  • The global construction accounting software market size was valued at $647.8 million in 2019.
  • The global construction scheduling software market size was valued at $215.9 million in 2019.
  • The global construction collaboration software market size was valued at $729.4 million in 2019.
  • The global construction management software market size was valued at $1.5 billion in 2020.
  • The global construction robotics market size was valued at $2.4 billion in 2019.

Interpretation

In a world where buildings are getting smarter, construction seems to be catching up slowly but surely, like that one friend who always arrives fashionably late. With the global smart building market poised to hit a whopping $265.37 billion by 2028, it's clear that the industry is finally embracing the digital revolution, albeit at its own leisurely pace. From drones soaring high above construction sites to robots diligently at work, it seems like construction is finally getting a high-tech makeover. With software solutions abounding in the market, it's evident that the days of manual estimation and scheduling are gradually becoming a thing of the past. So, here's to a bright, digitally-driven future for construction, where even the most stubborn of sectors can't resist the allure of technological innovation.

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