Global Infrastructure Construction Market Size, Share, and COVID-19 Impact Analysis, By Type (Energy Construction and Utilities Infrastructure Construction), By Application (Civil Use and Military Use), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Infrastructure Construction Market Insights Forecasts to 2033

• The Global Infrastructure Construction Market Size Was Estimated at USD 2.90 Billion in 2023
• The Global Infrastructure Construction Market Size is Expected to Grow at a CAGR of around 4.97% From 2023 to 2033
• The Worldwide Infrastructure Construction Market Size is Expected to Reach USD 4.71 Billion By 2033
• Asia Pacific is Expected to Grow the fastest during the Forecast Period.

The Global Infrastructure Construction Market Size is Expected to Cross USD 4.71 Billion By 2033, Growing at a CAGR of 4.97% from 2023 to 2033. The Growing desire for sustainable development, urbanization, government investments, technology breakthroughs, and the modernization of aged infrastructure in both developed and emerging nations are all factors driving growth in the infrastructure construction market.

Market Overview  

The industry devoted to build the different physical systems and structures required for a society and economy to function is known as the infrastructure construction market. Planning, designing, funding, and constructing these projects are all included in the market, which can involve investments from the public and private sectors. It is fundamental to economic development and solid infrastructure makes trade, mobility, and the delivery of basic services to communities possible. The market for infrastructure construction is driven by several factors, including population increase, the need for better connectivity, urbanization, and the growing demand for modern, sustainable infrastructure. Several variables that work together to support the sector's growth are driving the infrastructure construction market's strong performance. The growing need for sustainable and modern infrastructure on a worldwide scale is one important factor driving the infrastructure construction market.    

Report Coverage

This research report categorizes the infrastructure construction market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the infrastructure construction market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the infrastructure construction market.

Driving Factors

The market for infrastructure construction is anticipated to be significantly driven by the notable rise in public investment in the energy and utilities construction as well as infrastructure sectors. Government initiatives and the growing investment in transportation infrastructure are driving the infrastructure construction market. Large-scale expenditures in public infrastructure, such as electricity, water, and transportation facilities, boost employment and the economy, which drives the expansion of the infrastructure construction market. The importance of sustainable construction methods has increased as environmental concerns have gained more attention.     

Restraining Factors

The availability and distribution of funding is one of the main restricting variables in the market for infrastructure projects. Securing finance may be a difficult undertaking, and many large-scale projects require significant investments.   

Market Segmentation

The infrastructure construction market share is classified into type and application.       

• The energy construction segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the infrastructure construction market is divided into energy construction and utilities infrastructure construction. Among these, the energy construction segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The goal of the energy construction segment is to improve safety, dependability, and efficiency. In many areas, the aging utility and energy infrastructure needs to be updated and renovated.    

• The civil use segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the infrastructure construction market is divided into civil use and military use. Among these, the civil use segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Private companies' increasing investments in housing projects, healthcare facilities, and new schools, among other construction projects, highlight the growing demand for civil engineering services in the private sector.

Regional Segment Analysis of the Infrastructure Construction Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the infrastructure construction market over the predicted timeframe.

North America is anticipated to hold the largest share of the infrastructure construction market over the predicted timeframe. This is attributed to the region's need for infrastructure renovation and improvements, continuous urbanization, and significant government investments in infrastructure projects. The region's market is also growing as a result of improvements in construction technologies and the focus on resilient and sustainable infrastructure. Several causes, including ageing infrastructure, population expansion, urbanization, and government programs to modernize and expand public buildings, utilities, and transportation, are driving the strong demand for infrastructure construction in the United States.   

Asia Pacific is expected to grow at the fastest CAGR growth of the infrastructure construction market during the forecast period. The Asia-Pacific Infrastructure is essential to the expansion and industrial sector competitiveness of the Indian economy, which advances the economy as a whole. Most of these projects concentrate on infrastructure including roads, housing, railways, urban development, conventional power, renewable energy, and irrigation. In addition, the infrastructure construction market in India grew at the highest rate in the Asia-Pacific region, while the infrastructure construction industry in China held the largest market.   

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the infrastructure construction market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Kajima Corporation
• Hochtief Aktiengesellschaft
• Skanska AB
• Bouygues Group
• VINCI
• Fluor Corporation
• Royal BAM Group
• Laing O’Rourke
• Larsen & Toubro
• ACS Group
• Kiewit Corporation
• Balfour Beatty
• Hyundai Engineering & Construction Co. Ltd (HDEC)
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Developments

• In March 2023, HOCHTIEF and Palladio Partners to build and operate a sustainable data center in Heiligenhaus. The collaboration involves the development of the innovative YEXIO facility in the Innovation Park of the university town.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the infrastructure construction market based on the below-mentioned segments: 

Global Infrastructure Construction Market, By Type  

• Energy Construction
• Utilities Infrastructure Construction

Global Infrastructure Construction Market, By Application

• Civil Use
• Military Use

Global Infrastructure Construction Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa