Global Powers of Construction 2021

The global construction industry saw a sustained growth in 2021, despite facing disruptions such as the impact of the COVID-19 pandemic, shifting investment priorities, labor shortages, and supply-chain challenges. The aggregate sales of Top 100 GPoC rose by 14.1%, and the market capitalization also increased by 13.3%, compared to 2021. 

Looking at the prospects of the industry, companies must continue to address the challenges posed by a shortage of supply, rising prices, and the global shift to sustainable infrastructure. Global growth is projected to decelerate from 6.1% in 2021 to 3.6% in 2022 and 2023 because of rebounds in COVID-19 and the Russia-Ukraine turmoil. Several trends will continue to contribute to industry growth in the coming years, including population growth, urbanization, decarbonization, and digital transformation and construction companies should be able to close the global infrastructure gap by transforming the way the operate and improving efficiency. 

Key findings:

• In 2021, the total revenue of the Top 100 GPoC increased by 14.1% to US$1,819 trillion, while the market capitalization rose by 13.3% to US$662,460 million.
• Europe has the largest presence by number of companies, with 40 groups included in the Top 100 ranking, followed by Japan and US with 14 companies each.
• 55% of revenue originated from companies based in China, with the remaining revenue coming from Europe, Japan, US, and South Korea. 
• The financial performance of the Top 30 GPoC varied according to the nationality and activities developed by the entities. Aggregate market capitalization grew by 10.8%, net income increased by 21%, and revenues increased by 16%. 
• For the Top 30 GPoC companies, revenue obtained from international sales dropped to 15%, down from 17% in 2020 and 19% in 2019.
• 25% of total revenues reported by the GPoC were obtained from non-construction activities. European companies were the most diversified (~32% of total sales) while non-construction activities represent about 24% of total sales for US and Asian companies.