Skip to main content
Perspective:
Perspective
3 minute read

Global Powers of Construction 2022

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

GPoC 2022 Global Powers of Construction
2 MB PDF

Despite the shift in geo-political dynamics in early 2022, global construction companies witnessed significant growth in their total revenue. The Global Powers of Construction (GPoC) amounted to a total revenue of US$ 1,940 trillion in 2022, 6.3% higher than in 2021. In the last year, the global construction industry saw a period of commodity prices surges, supply chain disruptions and the re-emergence of significant inflation, brought on by the  outbreak of a war in Europe.

While industry sales have increased, construction is expected to record sluggish growth in 2023, mainly due to the weak economic situation and negative conditions represented by increased construction material costs and significant labor shortages. However, as economic stability improves, certain areas such as infrastructure and energy and utilities could play a significant role in driving the overall growth of construction output.

The Global Powers of Construction analyzes the outlook for the construction industry worldwide and discusses the strategies and performance of the most representative listed global construction groups in 2022. In this report, we identify and rank the Top 100 GPoC based on sales and Top 30 GPoC based on market capitalization and international sales. It also discusses the key trends shaping the industry and assesses the potential challenges and opportunities for the coming years.

Key findings:

  • The market capitalization of the Top 100 GPoC decreased from by 14.5% to US$ 600,401 million in 2022, post the market recovery seen in 2021.
  • The financial performance of the Top 30 GPoC varied according to the nationality and activities developed by the entities. Aggregate market capitalization grew by 10.8%, net income increased by 21%, and revenues increased by 16%.
  • For the Top 30 GPoC companies, revenue obtained from international sales dropped to 15%, down from 17% in 2020 and 19% in 2019.
  • 25% of total revenues reported by the GPoC were obtained from non-construction activities. European companies were the most diversified (~32% of total sales) while non-construction activities represent about 24% of total sales for US and Asian companies.
  • Internationalization and diversification have balanced risks, which is critical given the instability surrounding the macroeconomic scenario.

Get in touch

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.
View Profile

Vincent Rutgers

Deloitte - Global
Vincent Rutgers is the global leader of the Industrial Products & Construction (IP&C) sector at Deloitte Touche Tohmatsu Limited (Deloitte Global) and a Consulting Partner at Deloitte Netherlands. As a consulting partner, he has been the global lead client partner (GLCSP) for a large Dutch IP&C client since 2013. Vincent has more that 25 years of experience working with major companies in the manufacturing, telecom, and utility sectors. His key areas of expertise include providing management consulting advisory on cost management, pricing, strategy development, new start ups, cost reduction, change management, and large transformations. Vincent studied production process optimization and initially worked for global manufacturing companies. He joined Deloitte in 2012 and led Deloitte Digital in the Netherlands before focusing on his GLCSP role.
View Profile

Did you find this useful?

Yes
No

Thanks for your feedback

If you would like to help improve Deloitte.com further, please complete a 3-minute survey

Your feedback is important to us

To tell us what you think, please update your settings to accept analytics and performance cookies.

Need help updating cookies?

Recommendations

Decarbonizing Construction: Building a low-carbon future

Decarbonization has become a global imperative and a priority for governments, companies, and society at large. This report from Deloitte and Shell analyzes the challenges the construction sector faces in reducing its emissions, while also proposing a roadmap to accelerate the transition to net-zero emission construction.
Analysis
5 minute read

2023 engineering and construction industry outlook

How can businesses navigate continuing volatility to thrive in a competitive market? Our 2023 outlook explores five engineering and construction industry trends that can help companies differentiate themselves and capture growth in the year ahead.
Analysis
5 minute read

Sustainable Construction

The pursuit of net-zero emissions is placing a lot of pressure on engineering and construction companies to lower the carbon footprint of new and retrofit construction. But the amount of capital needed to meet that goal can be an added challenge. Explore strategies to help the industry increase sustainability in construction—while keeping costs under control.
Perspective
8 minute read

The Future of the Construction Industry

Explore how engineering and construction firms can navigate the future of the construction industry by developing a foundation of connected construction.
Perspective
5 minute read