Deloitte’s Global Powers of Construction report finds that the rebounding construction industry expects significant growth through 2030

NEW YORK, NY, UNITED STATES, 28 July 2025 - The top 100 global construction companies, based on total sales, generated revenues of US$1.978 trillion in 2024, a slight decrease of 1% from the prior year, with over half of those revenues originating from companies based in China, according to Deloitte’s eighth annual Global Powers of Construction (GPoC) report. The report analyzes the worldwide construction industry and examines the strategies and performance of the world’s major listed construction groups in 2024. To be included in the list, companies must be publicly traded and have a significant portion of their revenue arising from building and civil works.

In 2024, the construction industry demonstrated remarkable resilience and adaptability in the face of global economic shifts. This year’s GPoC report finds long-term forecasts for the industry to be positive. The short-term outlook, however, remains affected by uncertainties in the global economy. Deloitte’s report finds internationalization continues to play a central role, as companies look beyond domestic markets for new prospects.

China-based construction companies occupy seven of the top ten slots by sales, generating 51.2% of the global revenue. European-based companies are a distant second, accounting for 22.0% of revenue, although they have the largest presence, with 42 companies in the top 100. US-based companies, accounting for 8.8% of global revenue, experienced modest growth (3.6%) in sales over the prior year, yet achieved a 35.1% increase in market capitalization.

Looking ahead, the global construction market is projected to grow from US$11.39 trillion in 2024 to US$16.11 trillion by 2030.

“Growth opportunities in the industry will likely be driven by factors such as increased urbanization, population ageing, digital transformation, and the energy transition. In particular, smart construction has the potential to shape infrastructure investments for years to come,” says Javier Parada, Global leader in Engineering & Construction, Deloitte Spain.

Smart construction will play an important role

To strengthen their efficiency and profitability in an industry notable for its low margins, companies may transition to the operational improvement and financial strategy known as smart construction, says the report. By transforming how projects are executed end-to-end, from bidding to maintenance, it enables contractors to build more profitably, manage capital more effectively, and reduce risk. Over the past decade, smart construction has evolved from an experimental approach to an important part of the business.

Smart construction employs a variety of tools and methods. These include:

• Building Information Modeling (BIM), which creates a digital representation of a project to enable more accurate early cost estimates.
• The addition of time projections and cost changes to BIM to provide insights about a project throughout its lifecycle.
• Predictive maintenance processes to use real-time data and analytics to anticipate equipment failures before they happen.