Construction
The construction industry is characterized by activities involving building, infrastructure, and industrial work. It has seen steady growth with increased demand for residential and commercial properties, as well as public sector investments in infrastructure.
$1.3T
market spending4%
annual growth rate$1.4T
potential market sizegrowth
market active stageThis market is in the growth stage. The industry often experiences cyclical fluctuations tied to economic conditions. Current trends include sustainable construction practices, technological integration like BIM and modular construction methods.
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forecast
forecast
Economic indicators suggest a positive outlook
short-term recovery from any downturns due to global events
long-term sustained growth driven by urbanization and infrastructure renewal.
40%
market saturation60%
market profitability$300K
average profit$5M
average revenueBiggest players in the market:
- Vinci
- Bechtel
- China Communications Construction Company
- Larsen & Toubro
High demand services in the industry:
- residential construction
- commercial building construction
- heavy/civil engineering construction
350K
approximate number of small companies in the industry7M
approximate number of employedMarket
regulations
regulations
Construction is heavily regulated with safety standards (OSHA), environmental regulations (EPA), local zoning laws, building codes, and various permits required. Licensing for contractors is mandatory in many regions.