The 16 biggest construction companies in the world in 2017 are leading names in the global construction and engineering market, providing construction, architectural, designing and engineering services. According to Global Construction Perspectives, the global construction market is expected to outpace global GDP growth, increasing at almost 4% annually through 2030.
Construction is an important element of the overall economy and plays a vital role in the growth of the economy. The construction industry is majorly interconnected with other industries and is thus a large contributor to a country’s GDP. Rapid urbanization and growing populations are the main drivers of growth for this market.
The 16 biggest construction companies in the world in 2017 have been adapting well to the changing needs of society. Today’s construction companies have a strong focus on energy efficiency, sustainable urbanization and reducing their carbon footprint and waste. Lucintel forecasts that out of the three major segments – residential, commercial and infrastructure, infrastructure will remain the largest growing segment over the coming years.
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Looking forward, emerging economies of the world led by China and India are expected to be the biggest growth drivers for the global construction industry. According to PwC, more than 50% of all construction activity today is in emerging markets. China became the world’s largest construction market in 2010, leaving behind the U.S, and is expected to command a global share of 26% by 2025.
Starting on the next page, we have listed the 16 biggest construction companies in the world in 2017 based on the common choices between two websites: Forbes and Lucintel. The companies are ranked in ascending order on the basis of their financial metrics (sales, profits, assets and market value in US dollars) for the latest 12 months. Most of these large construction companies are concentrated in China. Head to the next page to begin the list.
You should also check out our list of the 11 Biggest Construction Companies in the World.
16. D.R. Horton Inc. (NYSE:DHI)
D.R. Horton Inc. (NYSE:DHI) is amongst the top homebuilding companies in the U.S and is first up on our list of the 16 biggest construction companies in the world in 2017. With over 35 years of experience, the company has established a leadership position in residential development. D.R. Horton Inc. (NYSEDHI) has come a long way from being a regional homebuilder to being one of the largest homebuilders in the United States.
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15. Eiffage
Eiffage serves the construction, real estate, civil engineering, metallic construction, road construction and energy industries. The company has an extensive presence in France and also in other leading countries around the world. Eiffage employs nearly 64,000 employees and carries out 100,000 projects annually all over the world.
14. Vonovia
A leading German real estate company, Vonovia owns and manages 355,000 residential properties throughout Germany. In addition, the company also manages 65,000 third-party apartments. Vonovia is known for its affordable and livable homes. The company is also running an energy-efficient modernization programme to make its homes more sustainable and energy-efficient.
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13. Lennar Corporation (NYSE:LEN)
Lennar Corporation is one of the leading homebuilders in the U.S. The company has a huge presence in the urban, suburban, active adult and golf course living market in the United States. Lennar Corporation has also launched the world’s First Wi-Fi certified home design and is leading the way towards smart home products.
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12. Sekisui House
Sekisui House is a leading name in the Japanese housing industry. The company was formed in 1960 in Japan but has today expanded internationally to the key markets of the U.S, China, Singapore and Australia. Over the years, the company has smartly adapted to the changing needs of society and the environment.
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11. Group ACS
Group ACS is a global construction and services company. The company primarily provides construction (civil, building and mining works) and industrial (network, control systems, integrated projects, and specialized products) services to the energy and infrastructure industries. Group ACS was founded in 1968 and today has a presence in nearly 70 countries worldwide.
10. L&T
Larsen & Toubro, or L&T, is an Indian industrial conglomerate having global operations in over 30 countries around the world. The company caters to the needs of infrastructure, power, industries and defense sectors. It is India’s largest construction company and has also ranked amongst the world’s top 30 contractors for the past 70 years.
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9. Bouygues
Bouygues Group is a diversified French industrial group founded in 1952. Bouygues Group engages in providing construction, telecom and media services. Bouygues Construction was spun-off from the main Group in 1999 and offers building, civil works and energy services.
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8. Metallurgical Corp of China (MCC)
Metallurgical Corp of China is amongst the oldest iron and steel construction companies in China. It is a state-owned enterprise and engages in the planning, investigation, design and construction of industrial, metallurgical, and infrastructure facilities. In addition, the company also provides residential and commercial construction.
7. Daiwa House Industry
Daiwa House Industry was founded in 1955 in Japan and ranks 7th on the list of the 16 biggest construction companies in the world in 2017. The company provides housing, commercial construction, real estate sales and rental, urban development etc., types of services. It is well known for its prefabricated houses. Daiwa House is Japan’s largest home construction company.
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6. Sinohydro Group
Sinohydro is a power and infrastructure company providing project consultancy, financing, survey, construction, installation and fabrication services. The company currently has 486 international projects under construction in more than 72 countries. Sinohydro has built an efficient global network comprising offices in Asia, Africa, Oceania, South America and Europe in order to better serve its international clientele.
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5. China Railway Construction
China Railway Construction is one of the world’s largest integrated construction groups. The company provides project contracting, survey design consultation, industrial manufacturing, real estate development, logistics, and trading services. Over the past six decades, China Railway Construction has established a forte in plateau railways, high-speed railways, highways, bridges, tunnels, and urban rail traffic.
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4. China Railway Group
China Railway Group has been among the world’s top 500 companies for 12 consecutive years. Having existed for 100 years, China Railway accounts for more than two-thirds of the total mileage of China’s railways. In addition, the company engages in the construction of all capital projects, including railways, roads, municipalities, housing construction, water conservancy and hydropower, airports, ports, etc. China Railway also has a presence outside of China, with operations in more than 60 countries.
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3. Vinci
Vinci was founded in 1899 by two French engineers. The name Vinci is inspired by the famous artist and scientist Leonardo da Vinci. Vinci designs, finances, and operates infrastructure projects around the world. It is a global player in concessions and construction, having operations in nearly 100 countries.
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2. China Communications Construction
Incorporated in 2006, China Communications Construction is the first, large State-owned transportation infrastructure company having a presence in the international capital market. The company engages in the designing and construction of transportation infrastructure, dredging, and heavy machinery manufacturing. It is the largest port construction and design company and the largest dredging company in China, and the second-largest dredging company in the world.
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1. China State Construction Engineering
China State Construction Engineering tops our list of the 16 biggest construction companies in the world in 2017, being China’s largest construction and real estate conglomerate. It provides services relating to housing construction, international contracting, real estate development and investment, and infrastructure construction and investment. The company is known for its super high-rise, grand scale and novel projects. China State Construction Engineering has operations in more than 20 countries, completing over 5,600 projects worldwide.
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