Global Powers of Construction 2023

Global Powers of Construction (GPoC) analyzes 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 capitalization 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 urbanization and decarbonization 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.