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Rapid urbanization creates demand for new construction projects, including residential, commercial and infrastructure developments is expected to drive market expansion in the near future at a CAGR of 5.50% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Construction and Demolition Market”.


The construction and demolition market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Construction and Demolition market—Veolia Environnement S.A. (France), Waste Connections (U.S.) Clean Harbors, Inc. (U.S.), Remondis (Germany), Republic Services (U.S.), FCC Environment Limited (U.K.), WM Intellectual Property Holdings, L.L.C. (U.S.), Kiverco (Northern Ireland) Daiseki Co., Ltd. (Japan), Windsor Waste (U.K.), Casella Waste Systems, Inc. (U.S.), Renewi plc (U.K.).


Market Highlights


The global construction and demolition market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 158.60 billion by 2032.


Rapid urbanization creates demand for new construction projects, including residential, commercial and infrastructure developments. Population growth in urban areas requires new buildings and improved infrastructure. Strict environmental regulations will lead to the demolition and replacement of old, environmentally unfriendly buildings and the construction of more energy-efficient structures. Focus on energy efficiency and sustainability, promoting green building construction, retrofitting older buildings and installing energy-efficient systems.


Segment Analysis


The global Construction and Demolition market has been segmented based type and source.


On the basis of type, the market is segmented into soil, sand & gravel, concrete,  bricks & masonry,  wood,  metal, and others. The soil segment was attributed to holding the largest market share in 2022. It is a multipurpose building material that may be used for drainage systems, building foundations, roads made of dirt, sand and gravel, and concrete manufacture. Since these materials are less expensive than other building supplies, project expenses are frequently decreased.


Based on the source, the global Construction and Demolition market has been segmented into residential, commercial, industrial, and municipal. The commercial segment was expected to hold the largest market share in 2022. To adapt to the shifting demands of customers and companies, construct new commercial facilities such as hotels, shopping centres, office buildings, and warehouses. combines sustainable practises, energy-efficient features, and contemporary design to produce business facilities that are both environmentally friendly and useful.


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Regional Analysis


The global construction and demolition market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Construction and Demolition market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Construction and Demolition market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Construction and Demolition market comprises the Middle East, Africa, and Latin America.


The North American regional sector maintained the largest market share for construction and demolition. Innovations in construction technology, including Building Information Modeling (BIM) and modular construction, are transforming the construction and demolition landscape. The region faces challenges such as hurricanes and wildfires, which drive construction efforts to prioritize recovery and disaster recovery. Collaboration between the public and private sectors, primarily through public-private partnerships (PPPs), to undertake infrastructure projects involving construction and demolition.


Moreover, the European market has been persistently growing over the forecast period. Europe is investing in smart infrastructure, including smart grids, smart buildings and digital technologies, to improve urban life and resource management. Strict energy efficiency standards encourage the construction of energy-efficient buildings and the retrofitting of older buildings to meet these requirements. Urban regeneration and brownfield development are important drivers of construction and demolition to improve urban functionality and aesthetics.


Additionally, the Asia-Pacific region is prone to natural disasters such as typhoons, earthquakes and floods. This encourages construction work to create resilient buildings and infrastructure. Governments in the region are investing heavily in infrastructure projects such as roads, bridges, airports and public transport to support economic growth and urban development.


Furthermore, the rest of the world's Construction and Demolition market is divided into the Middle East, Africa, and Latin America. This has created the need for new commercial and residential structures, leading to significant demand for construction projects.


Key Findings of the Study



  • The global Construction and Demolition market is expected to reach USD 158.60 billion by 2032, at a CAGR of 5.50% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market due to Governments in the region investing heavily in infrastructure projects such as roads, bridges, airports and public transport to support economic growth and urban development.

  • Based on the source, the commercial segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.

  • Veolia Environnement S.A. (France), and Waste Connections (U.S.) Clean Harbors, Inc. (U.S.), Remondis (Germany), Republic Services (U.S.), FCC Environment Limited (U.K.), WM Intellectual Property Holdings, L.L.C. (U.S.), Kiverco (Northern Ireland) Daiseki Co., Ltd. (Japan), Windsor Waste (U.K.), Casella Waste Systems, Inc. (U.S.), Renewi plc (U.K.).

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Report details
Companies Covered 15
Pages 128
Certified Global Research Member
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