Perspective
3 minute read
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 internationalisation, with 66% of their sales derived from outside domestic markets, emphasising 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.
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.
