Which country has largest construction market?

United States
Construction Employment

# 39 Countries 5‑years CAGR
1 #1 United States +1.7 %
2 #2 Japan -0.3 %
3 #3 Russia -1.8 %
4 #4 Mexico +2.9 %

What is the market for construction?

Construction Market Size The global construction market reached a value of nearly $12,744.4 billion in 2019, having increased at a compound annual growth rate (CAGR) of 6.1% since 2015. The market is expected to decline from $12,744.4 billion in 2019 to $12,633.9 billion in 2020 at a growth rate of -0.9%.

What is construction demand?

The demand for construction can be classified in terms of the final output, namely, civil engineering works, houses or other buildings. This classification is significant because the nature of construction output largely determines the type of production factors to be used and the mix of factor inputs in construction.

What country is booming construction?

We countdown the top five.

  1. 1 – CHINA.
  2. 2 – UNITED STATES.
  3. 3 – INDIA.
  4. 4 – INDONESIA. With USD $68BN being poured into major infrastructure projects by 2019 alone, Indonesia is one of the fastest growing construction markets in Asia.
  5. 5 – UNITED KINGDOM. Historically the United Kingdom (UK) hasn’t featured on lists like this.

Which country is best for construction business?

Top 10 Countries to Start a Construction Business

  1. New Zealand. This country is on top because of how easy it is to get everything going.
  2. Australia. The reason why it is easy to start a construction business in Australia is because it is somewhat easy to get credit there.
  3. Canada.
  4. Singapore.
  5. Hong Kong.
  6. Macedonia.
  7. Georgia.
  8. Rwanda.

How big is the construction industry market?

The market size of the U.S. construction sector was valued at around 1.36 trillion U.S. dollars as of the end of 2020 and was expected to decline further in the next year.

How much does the construction industry contribute to GDP?

Construction generates over $360 billion in revenue and has a share of 9% in the total GDP of the country. Only healthcare and retail outperform construction in these numbers.