Infrastructure Construction Market Expected to Reach USD 4.34 Billion by 2032 | Growing at a CAGR of 5%

Market Research Future (MRFR) has published a cooked research report on the “Infrastructure Construction Market” that contains information from 2018 to 2032. The Infrastructure Construction Market is estimated to register a CAGR of 5.00% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Infrastructure Construction Market— China State Construction Engineering Corp. Ltd, VINCI, China Communications Construction Group Ltd, Balfour Beatty, Skanska AB, Kajima Corporation, Fluor Corporation, Kiewit Corporation, Laing O’Rourke, ACS Group, Hyundai Engineering & Construction Co. Ltd (HDEC), Bouygues Group, Larsen & Toubro, Royal BAM Group, Hochtief Aktiengesellschaft.

Market Highlights

The global Infrastructure Construction Market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD 4.34 billion by 2032.

The market is predominantly propelled by the escalating infrastructure investments made by governments worldwide, aimed at generating economic growth momentum and mitigating weaknesses in other construction sectors, especially residential construction

Segment Analysis

The global Infrastructure Construction Market has been segmented based on Type, and Application.

Based on the Type, the market is segmented into Energy Construction and Utilities Infrastructure Construction. The energy construction segment was attributed to holding the largest market share in 2022.  Due to the increasing global energy demand driven by urbanization, economic growth, and population expansion, there is a surge in the construction of new energy generation facilities such as power plants and renewable energy projects, along with the development of distribution infrastructure.

Based on the Application, the Infrastructure Construction Market has been segmented into Civil Use and Military Use. The civil use segment was expected to hold the largest market share in 2022. The expansion is attributed to the rise in infrastructure and capital projects. Moreover, the anticipated growth of the infrastructure segment, driven by increasing disposable income in emerging economies, is expected to boost the construction industry's overall growth throughout the forecast period.

Regional Analysis

The global Infrastructure Construction Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Infrastructure Construction Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Infrastructure Construction 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 Infrastructure Construction Market comprises of Middle East, Africa, and Latin America.

The largest market share for the Infrastructure Construction Market was maintained by the North American regional sector. Significant investments are being directed toward enhancing transportation infrastructure, including extending roads and rails, planning new construction projects nationwide, and upgrading existing structures. In 2021, the President of the United States signed the Bipartisan Infrastructure Deal, earmarking USD 550 billion for new federal investments in the country's infrastructure. A substantial portion of this budget, exceeding USD 110 billion, is allocated to public transport infrastructure to elevate public living standards through improved access to safe, clean, and reliable transportation.

Moreover, the Europe market has been persistently growing over the forecast period. The Connecting Europe Facility (CEF), serving as the EU's strategic investment initiative in transport infrastructure, has chosen 107 transport projects to receive around EUR 6 billion (USD 6.31 billion) in EU grants. With a focus on the trans-European transport (TEN-T) network, over 80% of the funds will be allocated to endeavors aimed at creating a more efficient, environmentally friendly, and intelligent network, encompassing railways, inland waterways, and maritime routes. Furthermore, these projects are expected to lend support to the EU-Ukraine Solidarity Lanes, designed to facilitate Ukraine's exports and imports.

In the Asia Pacific region, Infrastructure stands as a focal point in the pandemic response and stimulus initiatives implemented by advanced nations and regions, anticipated to elevate global project finance. Notably, Asia emerged as the sole region showcasing growth in both project numbers and values. Throughout the pandemic, Foreign Direct Investment (FDI) inflows into the Asia-Pacific region remained stable, highlighting the region's attractiveness to foreign investors. For instance, the Government of India, experienced substantial and consistent FDI inflows over the past decade, even amid a gradual deceleration in the country's GDP in recent years

Furthermore, the rest of the world's Infrastructure Construction Market is divided into the Middle East, Africa, and Latin America. Anticipated growth in Central & South America is attributed to the increasing volume of construction and renovation endeavors across pivotal sectors like offices, education, hotels, restaurants, transportation infrastructure, and online retail warehousing, thereby driving market expansion in the region. Furthermore, the expanding residential sector, fueled by a rising influx of immigrants, is expected to further propel the growth of the industry.

Key Findings of the Study

• The global Infrastructure Construction Market is expected to reach USD 4.34 billion by 2032, at a CAGR of 5.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to huge investments and government initiatives in transportation infrastructure to boost public mobility and the logistics sector.


• Based on type, the energy construction segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.


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