Saying the construction industry is large would be a gross understatement. As one of the oldest industries to date, construction has skyrocketed over the last thousands of years–and it keeps growing. Indeed, the global construction market is expected to grow to a massive $10.5 trillion by 2023. With this anticipated increase, today’s construction companies have their work cut out for them, to say the least. Beyond meeting our world’s most fundamental building needs, construction companies, large and small, are making a huge impact on our global economy.
Although the U.S. has one of the largest construction industries in the world, at approximately $1.59 trillion in spending 2021, many of the world’s largest construction companies are based in Europe and China. Primarily, these companies are driving development in countries like China, India, and the Middle East, in addition to the U.S. In fact, total global construction spending in 2021 reached $7.28 trillion.
So, who are the top giants in the building industry spurring economic growth and employment around the world? To get you familiar with the major players in the industry, we’ve compiled a SlideShare of some of the top construction companies in the world. Primarily, our list is comprised of rankings from the release of ENR Top 250 International Contractors and we’ve also included information on their location, revenue, year founded and notable projects. Enjoy and flip through below.
Here are the top 10 international construction companies in the world, listed above in our SlideShare:
7: Power Construction Corp. of China
Skyscraper by skyscraper, bridge by bridge, stadium by stadium, the biggest construction companies in the world are not only continuing to grow a massive industry; they’re truly building and shaping our environment. And the demand for construction continues to grow. A strong global economy goes hand-in-hand with construction’s growth. As of now, the global construction industry is expected to reach an estimated $10.5 trillion by 2023, and it is forecast to grow at a CAGR of 4.2% from 2018 to 2023.
The math is simple. Where there are people, there is construction. Currently, the global population is estimated to grow to 9 billion by 2050, with two-thirds of people predicted to be living in cities. Beyond just building our world, construction companies are also helping to build careers. On the whole, the industry employs more than 180 million workers worldwide–and this number is increasing each year.
No matter how you look at it, the future of construction companies looks bright–as long as companies continue to innovate with the use of technology, improving their productivity in the process.
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Who will be in the top international construction companies in the next 10, 20, 30 years? Only time will tell, but one thing can be predicted; the companies that will outshine the rest will be those that adapt and evolve with modern times. In other words, companies that embrace new construction markets, innovations, and a diverse and globalized workforce will emerge as the future winners of the building industry.