Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Construction 4.0 Market size was valued at USD 17.2 billion in 2024 and is expected to reach USD 143.09 billion by 2037, expanding at around 17.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of construction 4.0 is assessed at USD 19.79 billion.
The growth of the market can be attributed to the increasing urban population across the globe coupled with rise in commercial and residential activities and escalating demand to reduce human errors. According to the World Bank, 55.272 percent of the total population in the world belonged to urban areas in 2018, which rose up to 56.15 percent in the year 2020. Along with these, growing investments for infrastructural development in developing nations, and accelerating need for employee safety and automation in the construction industry are also expected to drive market growth in the forthcoming years. Furthermore, surge in advancements in technologies such as artificial intelligence, IoT, sensors and drones, is projected to offer abundant opportunities for the market growth in the near future.
