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Global Powers of Construction 2024

Explore the current macro-economic outlook and expectations for the coming years for the global construction industry

Global Powers of Construction (GPoC) 2024 offers a comprehensive analysis of the construction industry's global landscape, highlighting the performance and strategies of the world’s leading construction companies.  GPoC 2024 explores how industry players are responding to shifting market dynamics, embracing digital transformation, and pursuing international growth opportunities. As the industry navigates a complex macroeconomic backdrop, construction companies are leveraging innovation and diversification to drive sustainable value and maintain their competitive edge.

Key findings:

  • In 2024, the Top 100 Global Powers of Construction (GPoC) generated total sales of US$1.978 trillion, with 51.2% of revenue coming from Chinese companies, followed by Europe (22.0%), Japan (9.1%), the United States (8.8%), and South Korea (4.7%).
  • The construction industry has shown remarkable resilience, with a projected compound annual growth rate (CAGR) of 5.5% from 2025 to 2030, despite a slowdown in 2024. 
  • European construction firms lead in internationalization, with 66% of their sales derived from outside domestic markets, emphasizing strategic expansion into emerging regions.
  • The adoption of smart construction technologies, including Building Information Modelling (BIM) and AI-driven project management tools, is helping to improve efficiency and reduce costs across the industry.

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