Global Construction Technology Market Predicted to Reach $10.78 Billion, Expanding at 16.1% CAGR Through 2029
Use Code ONLINE20 to Save 20% On Global Market Reports – Gain Access to Trusted Market Data, Growth Indicators, and Industry Analytics How Does the Market Size of the Construction Technology Market in 2029 Compare With That of 2025? The construction technology market size has grown rapidly in recent years. It will grow from $5.09 billion in 2024 to $5.93 billion in 2025 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to growing demand for efficient project management, increasing labor shortages in construction, rising safety concerns on job sites, adoption of BIM (building information modeling), and early investments by large contractors in automation. The construction technology market size is expected to see rapid growth in the next few years. It will grow to $10.78 billion in 2029 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to rising demand for smart cities and green build...