How the Biggest Construction Companies in the World Are Building Our Cities and Workforce
Saying the construction industry is large would be a gross understatement. As one of the oldest industries to date, construction has skyrocketed over the last thousands of yearsand it keeps growing. Indeed, the global construction market is expected to grow to a massive $10.5 trillion by 2023. With this anticipated increase, todays construction companies have their work cut out for them, to say the least. Beyond meeting our worlds most fundamental building needs, construction companies, large and small, are making a huge impact on our global economy. Although the U.S. has one of the largest construction industries in the world, at approximately $1.4 trillion in spending 2020, many of the worlds largest construction companies are based in Europe and China. Primarily, these companies are driving development in countries like China, India, and the Middle East, in addition to the U.S.
So, who are the top giants in the building industry spurring economic growth and employment around the world? To get you familiar with the major players in the industry, weve compiled a SlideShare of some of the top construction companies in the world. Primarily, our list is comprised of rankings from the release of ENR Top 250 International Contractors and weve also included information on their location, revenue, year founded and notable projects. Enjoy and flip through below.
Top 10 Construction Companies in the World from Autodesk Construction Solutions
10 of the Largest Construction Firms in the World
Here are the top 10 international construction companies in the world, listed above in our SlideShare:
1: ACS Actividades de Construcción y Servicios S.A.
- Location: Madrid, Spain
- Employees: 190,500
- Revenue: 39 billion
- Founded: 1997
- Notable Project: Torre Glòries
2: Hochtief Aktiengesellschaft
- Location: Essen, Germany
- Employees: 47,000
- Revenue: 21.1 billion
- Founded: 1874
- Notable Project: Bosphorus Bridge
3: VINCI
- Location: Rueil Malmaison, France
- Employees: 222,000
- Revenue: 48.05 billion
- Founded: 1899
- Notable Project: Louvre Entrance
4: China Communications Construction Group Ltd.
- Location: Beijing, China
- Employees: 147,000
- Revenue: $79.8 billion
- Founded: 2005
- Notable Project: Yangtze River Highway
5: Bouygues
- Location: Paris, France
- Employees: 130,500
- Revenue: 35.55 billion
- Founded: 1952
- Notable Project: Musée dOrsay
6: Strabag
- Location: Vienna, Austria
- Employees: 74,000
- Revenue: 15.7 billion
- Founded: 1835
- Notable Project: Alte Weser Lighthouse
7: Power Construction Corp. of China
- Location: Beijing, China
- Employees: 133,000
- Revenue: ¥347.7 billion
- Founded: 2011
- Notable Project: Adama Wind Farm
8: China State Construction Engineering Corp. Ltd.
- Location: Beijing, China
- Employees: 335,000
- Revenue: ¥203 billion
- Founded: 1957
- Notable Projects: Shanghai World Financial Center
9: Skanska AB
- Location: Stockholm, Sweden
- Employees: 31,000
- Revenue: KR160.3 billion
- Founded: 1887
- Notable Project: MetLife Stadium
10: TechnipFMC
- Location: London, United Kingdom
- Employees: 37,000
- Revenue: $13 billion
- Founded: 2017
- Notable Projects: FPSO Dalia
How Top Construction Companies Are Building Our World
Skyscraper by skyscraper, bridge by bridge, stadium by stadium, the biggest construction companies in the world are not only continuing to grow a massive industry; theyre truly building and shaping our environment. And the demand for construction continues to grow. A strong global economy goes hand-in-hand with constructions growth. As of now, the global construction industry is expected to reach an estimated $10.5 trillion by 2023, and it is forecast to grow at a CAGR of 4.2% from 2018 to 2023.
The math is simple. Where there are people, there is construction. Currently, the global population is estimated to grow to 9 billion by 2050, with two-thirds of people predicted to be living in cities. Beyond just building our world, construction companies are also helping to build careers. On the whole, the industry employs more than 180 million workers worldwideand this number is increasing each year.
No matter how you look at it, the future of construction companies looks brightas long as companies continue to innovate with the use of technology, improving their productivity in the process.
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The Next Generation of Construction Companies
Who will be in the top international construction companies in the next 10, 20, 30 years? Only time will tell, but one thing can be predicted; the companies that will outshine the rest will be those that adapt and evolve with modern times. In other words, companies that embrace new construction markets, innovations, and a diverse and globalized workforce will emerge as the future winners of the building industry.