Construction Tech Market Size
| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 7.20 Billion |
| Market Size (2030) | USD 15.91 Billion |
| CAGR (2025 - 2030) | 17.20% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Construction Tech Market Analysis
The Construction Tech Market size is estimated at USD 7.20 billion in 2025, and is expected to reach USD 15.91 billion by 2030, at a CAGR of 17.2% during the forecast period (2025-2030).
- As urbanization accelerates globally, the demand for smart cities and modern infrastructure, which seamlessly integrates digital technologies for enhanced urban management, is surging. This growing demand propels the adoption of construction technologies like IoT, BIM, and smart building solutions. Smart city initiatives hinge on advanced construction technologies, necessitating the integration of smart infrastructure, energy-efficient buildings, and real-time data monitoring.
- Consequently, the global surge in smart city projects fuels market growth. In August 2024, the Union Cabinet approved 12 new industrial smart cities under the National Industrial Corridor Development Programme, allocating an investment of INR 28,602 crore to bolster domestic manufacturing and stimulate economic development. With these additions, India's tally of industrial cities will reach 20, encompassing the eight already under progress.
- The construction tech market is witnessing vigorous growth across all segments, spanning residential, commercial, and industrial sectors. Innovations like 3D printing and prefabrication are revolutionizing the speed and cost-effectiveness of creating housing components and entire homes, thereby enhancing construction timelines and reducing expenses. The adoption of BIM not only enhances visualization of home designs but also minimizes construction errors and fosters collaboration among contractors, architects, and homeowners.
- In addition, government regulations, coupled with an emphasis on green building standards like LEED certification, are propelling the demand for sustainable construction solutions. In response, commercial developers are increasingly adopting eco-friendly materials, energy-efficient designs, and smart building technologies. Given the complexity and scale of commercial projects, which often involve numerous stakeholders and intricate design requirements, tools like BIM, project management software, and drones are being leveraged to boost collaboration, streamline workflows, and elevate project delivery.
- Globally, both governments and private entities are channeling substantial investments into infrastructure and industrial facilities. With technological advancements, companies are better equipped to navigate the intricacies of construction projects that demand meticulous coordination and precision. Given the inherent risks of industrial construction sites, characterized by heavy machinery and hazardous conditions, technology emerges as a pivotal player in enhancing safety. Tools like wearable devices, drones, and AI-driven monitoring systems are instrumental in real-time detection of safety violations and hazards.
- Despite the evident advantages, a significant hurdle in the widespread adoption of construction tech is the substantial initial investment. The costs associated with acquiring and implementing digital tools, robotics, and automation can be daunting, especially for smaller and mid-sized construction firms.
- Rising raw material costs, including steel, concrete, and timber, driven by inflation, are pushing up overall construction project expenses. Companies aiming to integrate advanced construction technologies, like 3D printing, robotics, or BIM, might find it challenging to rationalize the initial investment due to these added costs. Consequently, as construction firms grapple with heightened material and labor expenses, they may delay or scale back their investments in construction technology, prioritizing immediate operational costs instead.
Construction Tech Market Trends
Residential to Hold Significant Market Share
- The residential construction sector stands out as one of the largest and most rapidly expanding markets for construction technology. Driven by surging housing demands, urbanization, sustainability concerns, and escalating construction costs, technology is revolutionizing the design, execution, and maintenance of residential projects.
- According to FMI Corporation, the value of new residential construction in the United States reached USD 873.34 billion in 2023, up from USD 927.44 billion in 2022. The increasing investment in residential construction is projected to bolster market growth.
- As awareness of climate change and resource scarcity grows, sustainability has emerged as a top priority in residential construction. The demand for green buildings—those that enhance energy efficiency, curtail water usage, and lessen carbon footprints—is on the rise. BIM (Building Information Modeling) empowers architects and builders to select eco-friendly materials and fine-tune designs for optimal energy performance. Moreover, construction technologies that bolster insulation, ensure airtightness, and enhance ventilation are crucial for homes aiming to meet or surpass Passive House standards.
- Reducing waste is a primary motivator behind the adoption of construction technology. Innovations that streamline material use, automate construction processes, and boost design precision are aiding residential developers in minimizing waste, enhancing sustainability, and cutting costs. For instance, BIM not only fine-tunes building designs to curtail material waste but also bolsters resource management. This dual advantage significantly lessens the environmental footprint of residential projects, aligning with both sustainability and financial objectives.
- In urban centers where housing demand is acute, homebuyers are increasingly prioritizing quicker home deliveries. Technologies such as BIM, modular construction, and 3D printing are streamlining the design, prefabrication, and construction processes, facilitating swifter home completions.
Asia Pacific is Expected to Witness a High Market Growth Rate
- The Asia Pacific (APAC) region is set to experience significant growth in the construction technology (construction tech) market, fueled by various macroeconomic, technological, and demographic factors. As one of the fastest-growing and most dynamic regions globally, APAC is undergoing rapid urbanization, population growth, increasing infrastructure development, and government initiatives, all of which are creating a fertile ground for the adoption of advanced construction technologies.
- China, India, Indonesia, and Vietnam are witnessing massive urban population booms, leading to an increasing need for smart cities, residential complexes, commercial buildings, transportation infrastructure, and utilities. Mega-cities and smart cities are being planned and developed, driving the demand for innovative construction techniques that can optimize space, reduce costs, and build sustainably. In the fiscal year 2023, investment in residential construction in Japan was estimated at approximately 17.3 trillion Japanese yen. Private residential construction accounted for the largest share of housing construction investment, which was forecasted to decrease to around 17.1 trillion yen in fiscal year 2024.
- With limited land availability, the adoption of high-rise buildings and vertical cities is gaining traction. Technologies such as robotic construction, 3D printing, and BIM are being used to facilitate the efficient construction of high-density buildings. Governments across the Asia Pacific region are investing heavily in infrastructure development to keep up with rapid urbanization and improve the quality of life for their citizens. Under India's Smart Cities Mission, the Indian government has launched an initiative to build 100 smart cities by upgrading infrastructure using technology and creating sustainable urban environments. Similarly, China's Belt and Road Initiative (BRI), this megaproject spans multiple countries, including in the APAC region, and includes the development of infrastructure, transportation, and residential buildings.
- The demand for eco-friendly and sustainable construction practices is growing across Asia Pacific due to increasing environmental awareness, government regulations, and consumer preferences. Construction tech solutions such as energy-efficient lighting, solar panels, and smart materials are helping reduce the environmental impact of buildings, driving the adoption of these technologies in the residential, commercial, and industrial sectors. Construction companies in Asia Pacific are increasingly embracing digital tools for design, planning, and execution to improve efficiency, reduce costs, and enhance project outcomes.
Construction Tech Industry Overview
The construction tech market is highly fragmented, with global and local conglomerates and specialized players operating across various segments. While several large multinational companies dominate specific high-value segments, numerous regional and niche players contribute to the overall competition, making the market highly diverse. This fragmentation is driven by the demand for the construction tech solutions across a wide range of end-user verticals, allowing both large and small companies to coexist and thrive in the market.
Leading companies in the construction tech market include Autodesk, Procore Technologies, Trimble, Bentley Systems, Caterpillar Inc., Mighty Buildings, Inc., BuildHop, PillarPlus, Doxel, and PlanGrid. These companies have established strong brand recognition and extensive global operations, enabling them to command significant market share. Their strengths lie in innovation, broad product portfolios, and strong distribution networks. These leaders often engage in strategic acquisitions and partnerships to maintain their competitive edge and expand their market reach.
With the construction sector rapidly adopting digital transformation, construction tech firms are prioritizing the development of innovative products. These advancements aim to streamline construction processes, cut costs, and expedite project delivery. To achieve this, these companies are making substantial investments in R&D, either crafting new solutions or fine-tuning their current technologies.
Construction Tech Market Leaders
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Autodesk
-
Procore Technologies
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Bentley Systems
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Mighty Buildings, Inc.
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Doxel
- *Disclaimer: Major Players sorted in no particular order
Construction Tech Market News
- September 2024: Mighty Buildings, Inc. has teamed up with the multinational manufacturing giant Honeywell to enhance the sustainability of its 3D printed homes. As part of this collaboration, Honeywell's Solstice Liquid Blowing Agent (LBA) will take the place of traditional foam insulation in these 3D printed residences. Notably, LBA boasts a global warming potential (GWP) of only 1, marking a 99.9% reduction compared to conventional blowing agents.
- February 2024: OpenSpace unveiled OpenSpace BIM+. This innovative product is designed to bolster collaboration between Virtual Design and Construction (VDC) teams and their counterparts in the field. Leveraging OpenSpace's advanced AI and computer vision technology, the product seamlessly integrates 360° photos with Building Information Modeling (BIM). Furthermore, it boasts a suite of features that significantly streamline the BIM coordination process between field teams and the office.
Construction Tech Industry Segmentation
Construction technology encompasses the tools, machinery, software, systems, and processes employed in the planning, design, construction, and upkeep of buildings, infrastructure, and various physical structures.
The study tracks the revenue accrued through the sale of the construction tech solutions by various players across the globe. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.
The construction tech market is segmented by deployment type (on premise, and cloud based), enterprise size (large enterprises, and small and medium-sized enterprises), end use industry (residential, commercial, industrial and infrastructure), and geography (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The market sizes and forecasts regarding value (USD) for all the above segments are provided.
| By Deployment Type | On Premise |
| Cloud Based | |
| By Enterprise Size | Large Enterprises |
| Small and Medium-sized Enterprise | |
| By End Use Industry | Residential |
| Commercial | |
| Industrial | |
| Infrastructure | |
| By Geography*** | North America |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Middle East and Africa | |
| Latin America |
| On Premise |
| Cloud Based |
| Large Enterprises |
| Small and Medium-sized Enterprise |
| Residential |
| Commercial |
| Industrial |
| Infrastructure |
| North America |
| Europe |
| Asia |
| Australia and New Zealand |
| Middle East and Africa |
| Latin America |
Construction Tech Market Research FAQs
How big is the Construction Tech Market?
The Construction Tech Market size is expected to reach USD 7.20 billion in 2025 and grow at a CAGR of 17.20% to reach USD 15.91 billion by 2030.
What is the current Construction Tech Market size?
In 2025, the Construction Tech Market size is expected to reach USD 7.20 billion.
Who are the key players in Construction Tech Market?
Autodesk, Procore Technologies, Bentley Systems, Mighty Buildings, Inc. and Doxel are the major companies operating in the Construction Tech Market.
Which is the fastest growing region in Construction Tech Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Construction Tech Market?
In 2025, the Asia Pacific accounts for the largest market share in Construction Tech Market.
What years does this Construction Tech Market cover, and what was the market size in 2024?
In 2024, the Construction Tech Market size was estimated at USD 5.96 billion. The report covers the Construction Tech Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Construction Tech Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Construction Tech Industry Report
Statistics for the 2025 Construction Tech market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Construction Tech analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
