Perspective
3 minute read
Global Powers of Construction 2023
Explore the current macro-economic outlook and expectations for the coming years for the global construction industry
Global Powers of Construction (GPoC) analyses the outlook for the construction industry worldwide and discusses the strategies and performance of the most representative listed global construction groups from the previous year.
GPoC 2023 examines the main financial indicators of the industry’s major players and provides insights to help companies understand and assess the related challenges and opportunities. It also explores certain industry trends that have been shaping the construction sector over the past few years or are expected to have a major impact in the future.
Key findings:
- In 2023 the aggregate US$ sales of the Top 100 GPoC rose by 3.4%, while market capitalisation increased by 18.3%.
- In 2023, revenue obtained by our Top 30 GPoC from international sales rose to 18.4% of total sales from 17.1% the previous year, still under the 19% pre-pandemic ratio achieved in 2019.
- None of our Top 30 GPoC reported construction losses in 2023 or 2022.
- Perspectives for the long term remain positive as the industry is expected to grow from US$ 10.4 trillion in 2023 to US$ 16.1 trillion by 2030, with a CAGR of approximately 5.9%2 during the period.
- Global trends such as rapid urbanisation and decarbonisation of the economy represent a huge opportunity for construction companies to go overseas but also to add new activities to their portfolio in addition to the traditional construction business.
Javier Parada
Deloitte - Global
Javier has been a partner in the Construction and Infrastructure industry group of the Audit & Assurance Division of Deloitte since 2001. In the course of his professional career, he has participated in and coordinated financial audit projects of all the most significant groups of the Construction, Infrastructure and Real Estate sector in Spain. He also led several consulting and financial advisory projects. He is currently the partner in charge of Clients & Industries, of the industry of Energy, Infrastructure, Telecommunications and Public Sector in Deloitte Spain. He has been a member of Deloitte Spain's Executive Committee since 2009. At international level he is the Global Leader of the Engineering and Construction Industry and member of the Global Clients & Industries Committee.
Jean-Louis Rassineux
Deloitte - Global
Jean-Louis Rassineux is the Deloitte Global Industrial Products & Construction (IP&C) Sector Leader, working with our IP&C practitioners around the world to help manufacturing, aerospace and defense (A&D), and engineering and construction companies address complex business problems. He has more than 30 years of consulting experience, including in product lifecycle management, finance and HR transformation, supply chain and logistics, program management, and strategy definition. Having worked with some of the largest names in the sector, Jean-Louis currently focuses on innovation and the impact of digital on A&D organizations. Based in Paris, he is an active member of A&D associations and participates in such major events as the Paris Air Show and the Farnborough International Airshow.
