The construction sector serves as a cornerstone of global economic growth, driving infrastructure development, urbanization, and industrialization. It encompasses residential, commercial, industrial, and infrastructure projects, playing a vital role in shaping modern societies. In 2024, the global construction industry was valued at approximately $12 trillion, contributing over 13% to the global GDP. The sector employs an estimated 220 million people worldwide, making it one of the largest sources of employment globally.

Projected to grow at a 4.5% compound annual growth rate (CAGR), the industry is expected to surpass $15 trillion by 2030, fueled by increased investments in smart cities, green building technologies, and infrastructure upgrades. Leading countries in this sector include China, spearheading growth with massive infrastructure projects; the United States, known for its advanced construction technologies; India, focusing on urbanization; and Germany, excelling in sustainable construction practices. The construction sector continues to be a pillar of global development and economic stability.