According to a report by Business Research Company, the global construction market was worth $14.39 trillion in 2022. It is expected to grow at a compound annual growth rate (CAGR) of 6.6%, reaching $25.93 trillion by 2027. This growth is due to increased urbanization, population growth, and increased government incentives.
The construction sector is an important contributor to the U.S. economy. According to the American General Contractors (AGC), the number of construction companies in the United States exceeded 919,000 in the first quarter of 2023. The industry employs more than 8 million people and develops structures worth approximately $2.1 trillion annually.
Look at the 5 largest construction companies in the world.
5. NVR, Inc. (NYSE:NVR)
Market cap as of March 28: $25.9 billion
NVR, Inc. (NYSE:NVR) is one of the world’s largest construction companies. The Company constructs, sells, and provides mortgage loans for homes, buildings, and other facilities. The company sells and builds homes under the Ryan Homes, NVHomes, Heartland Homes, and Fox Ridge Homes brands. As of March 28, the amount was $25.9 billion.
4. Ferrovial SE (OTC:FERVF)
Market cap as of March 28: $29.38 billion
Ferrovial SE (OTC:FERVF) is No. 4 on the list and is a leader in building public and private enterprises. We develop land, public infrastructure, toll roads, airports, and industrial facilities. The market capitalization as of March 28 was $29.38 billion.
3. Lennar Corporation (NYSE:LEN)
Market cap as of March 28: $46.42 billion
Lennar Corporation (NYSE:LEN) is one of the world’s largest construction companies. Since 1954, the company has developed more than 1 million homes throughout the United States. With more than 70 years of experience, the company has built homes in 26 states across the United States. His network of companies includes WCI Communities, CatAtlantic Homes, and Friendswood Development. The company’s valuation as of March 28 was $46.42 billion.
2. D.R. Horton, Inc. (NYSE:DHI)
Market capitalization as of March 28: $54.6 billion
D.R. Horton, Inc. (NYSE:DHI) is a major U.S. construction company. We provide construction and mortgage services throughout the United States. The company is headquartered in Texas and has more than 40 years of experience. As of March 28, the amount was $54.6 billion.
1. Vinci SA (OTC:VCISF)
Market cap as of March 28: $78.35 billion
Vinci SA (OTC:VCISF) tops our list of the world’s largest construction companies. The company is engaged in the development, design and management of transportation systems, buildings and communication networks for industry. As of March 28, the company’s market capitalization was $78.35 billion.