Construction Contractor Market Trends and Forecast
The future of the global construction contractor market looks promising with opportunities in the housing construction and municipal infrastructure markets. The global construction contractor market is expected to grow with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are increasing infrastructure investments worldwide, growing demand for sustainable building practices, and rise in residential and commercial construction projects.
• Lucintel forecasts that general contracting is expected to witness the highest growth over the forecast period.
• Within this market, housing construction is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Construction Contractor Market
• United States: Several major construction firms have announced expansions into renewable energy projects, aligning with government targets for increased sustainable infrastructure.
• China: Leading construction companies have committed to ambitious targets for urban development projects, supported by government incentives aimed at boosting infrastructure resilience and efficiency.
• India: Key contractors have launched initiatives to adopt advanced construction technologies, supported by government policies promoting digitalization and affordable housing projects.
• Germany: Construction firms are focusing on enhancing green building certifications, in line with national goals to reduce carbon emissions and promote sustainable construction practices.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Contractor Market by Segment
The study includes a forecast for the global construction contractor market by type, application, and region.
Construction Contractor Market by Type [Value from 2018 to 2030]:
• General Contracting
• Sub-Contracting
• Independent Contracting
• Joint Contracting
Construction Contractor Market by Application [Value from 2018 to 2030]:
• Housing Construction
• Municipal Infrastructure
• Others
Construction Contractor Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Construction Contractor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction contractor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction contractor companies profiled in this report include-
• Bechtel
• Fluor Corporation
• Balfour Beatty
• Kier Group
• Interserve
• Turner Construction Corporation
• CREC
Recent Development in the Construction Contractor Market
• Turner Construction Company: Turner has launched a new sustainability initiative aimed at achieving net-zero carbon emissions across its operations by 2030. This includes integrating renewable energy sources into their construction projects and promoting energy-efficient building designs.
• Skanska AB: Skanska has announced a strategic partnership with a leading technology firm to implement advanced robotics and AI solutions in their construction processes. This initiative aims to enhance productivity, safety, and precision on their project sites.
• Bechtel Corporation: Bechtel has secured a major infrastructure project contract in Southeast Asia, marking its expansion into new regional markets. The project includes the construction of a large-scale transportation network aimed at improving urban mobility and connectivity.
• AECOM: AECOM has launched a new digital platform that integrates Building Information Modeling (BIM) with real-time project management tools. This platform aims to streamline project workflows, enhance collaboration among stakeholders, and improve project delivery efficiency.
• Fluor Corporation: Fluor has completed the construction of a state-of-the-art pharmaceutical manufacturing facility in Europe, utilizing modular construction techniques to accelerate project timelines and minimize environmental impact.
Features of the Global Construction Contractor Market
Market Size Estimates: Construction contractor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Construction contractor market size by type, application, and region in terms of value ($B).
Regional Analysis: Construction contractor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the construction contractor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction contractor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for construction contractor market?
Answer: The global construction contractor market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the construction contractor market?
Answer: The major drivers for this market are increasing infrastructure investments worldwide, growing demand for sustainable building practices and rise in residential and commercial construction projects.
Q3. What are the major segments for construction contractor market?
Answer: The future of the construction contractor market looks promising with opportunities in the housing construction and municipal infrastructure markets.
Q4. Who are the key construction contractor market companies?
Answer: Some of the key construction contractor companies are as follows:
• Bechtel
• Fluor Corporation
• Balfour Beatty
• Kier Group
• Interserve
• Turner Construction Corporation
• CREC
Q5. Which construction contractor market segment will be the largest in future?
Answer: Lucintel forecasts that general contracting is expected to witness the highest growth over the forecast period.
Q6. In construction contractor market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the construction contractor market by type (general contracting, sub-contracting, independent contracting, and joint contracting), application (housing construction, municipal infrastructure, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Construction Contractor Market, Construction Contractor Market Size, Construction Contractor Market Growth, Construction Contractor Market Analysis, Construction Contractor Market Report, Construction Contractor Market Share, Construction Contractor Market Trends, Construction Contractor Market Forecast, Construction Contractor Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.