Is Constuction a growing market? In 2023, the construction market was valued at nearly $2 trillion and is expected to grow to $1.27 trillion in 2024, with a compound annual growth rate (CAGR) of 4.7% from 2024–2028. By 2027, the overall value of construction is expected to reach over $2.2 trillion. This growth is due to a number of factors, including economic expansion, population growth, urbanization, government investment in infrastructure, and increased investment from both the public and private sectors. The timing to work with these new construction companies is now. You want to be on their radar for their purchases and the purchases they will be recommending. |