[Ranking] TOP 25 Commercial And Institutional Building Construction / Construction Companies Q3/2023
Intro
Commercial and Institutional Building Construction is a crucial sub-industry within the larger construction sector. It plays a vital role in the global economy, as it encompasses the development of commercial buildings, such as offices, retail spaces, and hotels, as well as institutional buildings like schools, hospitals, and government facilities.
The influence of the industry extends far beyond the buildings it constructs. It has a ripple effect on various sectors, including architecture, engineering, real estate, and manufacturing. Additionally, the construction of commercial and institutional buildings creates employment opportunities, stimulates economic growth, and drives demand for related services and products.
The economic magnitude of the commercial and institutional building construction industry is immense and continues to grow. According to recent studies, the global construction market is projected to reach a value of $12.8 trillion by 2025, with the commercial segment expected to experience significant growth. This upward trajectory is driven by urbanization, population growth, and the need for modern infrastructure.
In recent years, the industry has witnessed several trends and breakthroughs that are shaping its future. Sustainable construction practices, such as green building certifications and energy-efficient designs, are gaining prominence. Technological advancements, including the use of building information modeling (BIM) and virtual reality, are revolutionizing the construction process. However, the industry also faces obstacles, such as rising material costs, labor shortages, and regulatory challenges.
The landscape of commercial and institutional building construction is constantly evolving, presenting both opportunities and challenges. As new technologies emerge, and sustainability becomes a priority, companies within the industry must adapt to stay competitive. In this article, we will explore the top companies in this dynamic sector, examining their strategies, market presence, and contributions to the industry's growth.
Ranking
#25 Shimizu Corporation
Employees: 9.7K
Revenue: 3.5B$
Website: https://www.shimz.co.jp
Description: Shimizu Corporation, headquartered in Tokyo, Japan, is a leading player in the Commercial And Institutional Building Construction industry. With a history dating back to 1804, the company has established itself as a prominent name in the construction sector. Employing approximately 9,700 individuals, Shimizu Corporation is known for its expertise in constructing commercial and institutional buildings. The company has successfully completed numerous projects, contributing to the development of infrastructure and urban landscapes. With a revenue of 3.5 billion dollars, Shimizu Corporation continues to demonstrate its commitment to delivering high-quality construction services and contributing to the growth of the industry.
#24 Turner Construction Co
Employees: 10K
Revenue: 5B$
Website: https://www.turnerconstruction.com
Description: Turner Construction Co is a leading company in the Commercial And Institutional Building Construction industry. Headquartered in New York City, United States, the company was founded in 1902. With a workforce of approximately 10,000 employees, Turner Construction Co has established itself as a prominent player in the industry. The company generates an impressive annual revenue of 5 billion dollars. Turner Construction Co specializes in the construction of commercial and institutional buildings, providing a wide range of services including preconstruction, general contracting, construction management, and design-build. With a strong track record and commitment to excellence, Turner Construction Co continues to deliver high-quality projects across North America.
#23 Daiwa House Industry Co Ltd
Employees: 52.8K
Revenue: 5.4B$
Website: https://www.daiwahouse.co.jp/english/
Description: Daiwa House Industry Co Ltd, headquartered in Osaka, Japan, is a leading player in the Commercial And Institutional Building Construction industry. Since its establishment in 1955, the company has been involved in the construction of various commercial and institutional buildings, contributing to the development of infrastructure across Japan and beyond. With a workforce of approximately 52.8 thousand employees, Daiwa House Industry Co Ltd has successfully completed numerous construction projects, ranging from office buildings and shopping centers to schools and hospitals. The company's commitment to quality, innovation, and sustainable construction practices has earned it a strong reputation in the industry. In 2020, Daiwa House Industry Co Ltd generated a revenue of 5.4 billion dollars, showcasing its financial strength and stability.
#22 Obayashi Corporation
Employees: 12.5K
Revenue: 5.8B$
Website: https://www.obayashi.co.jp/en/
Description: Obayashi Corporation is a leading company in the Commercial And Institutional Building Construction industry. With its headquarters in Tokyo, Japan, Obayashi has a rich history dating back to its founding in 1892. The company operates primarily in Asia and is known for its expertise in constructing commercial and institutional buildings. Obayashi has a workforce of approximately 12,500 employees who contribute to the company's success. In 2020, the company generated a revenue of 5.8 billion US dollars, reflecting its strong presence in the construction industry. Obayashi Corporation continues to be a prominent player in the Commercial And Institutional Building Construction sector, delivering high-quality projects and contributing to the development of modern infrastructure.
#21 Bechtel Corporation
Employees: 50K
Revenue: 8.5B$
Website: https://www.bechtel.com/
Description: Bechtel Corporation is a leading player in the Commercial And Institutional Building Construction industry. With its headquarters in Reston, United States, Bechtel operates primarily in North America. The company was founded in 1898 and currently has approximately 50,000 employees. Bechtel generates an estimated annual revenue of 8.5 billion dollars. With its extensive experience and expertise, Bechtel has been involved in the construction of numerous commercial and institutional buildings, contributing to the development of cities and communities. From office buildings and hospitals to educational institutions and retail complexes, Bechtel has been instrumental in delivering high-quality construction projects in the industry.
#20 Balfour Beatty Plc
Employees: 26K
Revenue: 9.5B$
Website: https://www.balfourbeatty.com
Description: Balfour Beatty Plc is a leading commercial and institutional building construction company based in London, United Kingdom. With a history dating back to 1909, the company has established itself as a prominent player in the construction industry. Balfour Beatty specializes in the construction of commercial and institutional buildings, offering a wide range of services from project management to design and build solutions. With a workforce of approximately 26,000 employees, Balfour Beatty undertakes projects of various scales, contributing to the development of cities and infrastructure across Europe. The company has achieved significant revenue growth, with annual revenues reaching 9.5 billion dollars, solidifying its position as a key player in the construction sector.
#19 Skanska USA Inc
Employees: 7.2K
Revenue: 9.5B$
Website: https://www.usa.skanska.com/
Description: Skanska USA Inc is a leading commercial and institutional building construction company based in New York City, United States. With a history dating back to 1888, Skanska has established itself as a trusted name in the industry. Employing approximately 7,200 professionals, Skanska undertakes a wide range of construction projects, including office buildings, healthcare facilities, educational institutions, and cultural centers. The company's commitment to sustainability and innovation is evident in its use of cutting-edge technologies and practices to minimize environmental impact and enhance the quality of its projects. With a revenue of 9.5 billion dollars, Skanska USA Inc continues to be a major player in the commercial and institutional building construction industry.
#18 Kajima Corporation
Employees: 20K
Revenue: 10B$
Website: https://www.kajima.com/en/
Description: Kajima Corporation is a leading player in the Commercial And Institutional Building Construction industry. Headquartered in Tokyo, Japan, the company has a rich history dating back to its founding in 1840. With a workforce of approximately 20,000 employees, Kajima Corporation has established itself as a major force in the industry. The company's revenue stands at an impressive 10 billion dollars, reflecting its strong performance and market presence. Kajima Corporation specializes in the construction of commercial and institutional buildings, delivering high-quality projects to clients across various sectors. With its extensive experience and expertise, the company continues to drive innovation and excellence in the construction industry.
#17 China Metallurgical Group Corp
Employees: 50K
Revenue: 10B$
Website: https://www.mcc.com.cn/
Description: China Metallurgical Group Corp (MCC) is a leading company in the Commercial And Institutional Building Construction industry in China. Headquartered in Beijing, MCC was founded in 1982 and has grown to become one of the largest construction companies in the country. With a workforce of 50,000 employees, MCC undertakes various construction projects including commercial and institutional buildings. The company has played a significant role in the development of China's urban infrastructure, contributing to the growth of cities across the country. MCC has achieved impressive revenue of 10 billion dollars, establishing itself as a major player in the construction industry. Through its expertise and extensive experience, MCC continues to contribute to the advancement of China's building sector.
#16 Strabag SE
Employees: 75K
Revenue: 14B$
Website: https://www.strabag.com/
Description: Strabag SE, headquartered in Vienna, Austria, is a leading player in the Commercial And Institutional Building Construction industry. With a history dating back to 1835, Strabag has established itself as a reliable and innovative construction company. Employing approximately 75,000 people worldwide, Strabag undertakes a wide range of construction projects, specializing in commercial and institutional building construction. The company's expertise covers various sectors such as office buildings, schools, hospitals, and shopping centers. With a revenue of around 14 billion dollars, Strabag has a strong financial position, enabling it to successfully execute complex and large-scale construction projects.
#15 AECOM
Employees: 87K
Revenue: 14.2B$
Website: https://www.aecom.com
Description: AECOM is a leading provider of design, engineering, and construction services for the Commercial and Institutional Building Construction industry. Headquartered in Los Angeles, United States, AECOM operates across North America, offering comprehensive solutions for commercial and institutional building projects. With a history dating back to 1990, AECOM has grown to become a global leader in the industry, delivering innovative and sustainable construction solutions. The company employs approximately 87,000 professionals worldwide, who leverage their expertise to deliver projects ranging from office buildings and retail spaces to educational institutions and healthcare facilities. AECOM's revenue for the latest fiscal year amounted to 14.2 billion U.S. dollars, reflecting its strong position in the market.
#14 Samsung C&T Corporation
Employees: 50K
Revenue: 15B$
Website: https://www.samsungcnt.com
Description: Samsung C&T Corporation, headquartered in Seoul, South Korea, is a leading player in the Commercial And Institutional Building Construction industry in Asia. With a history dating back to 1938, the company has established itself as a trusted name in the construction sector. Samsung C&T Corporation employs approximately 50,000 people, demonstrating its commitment to providing job opportunities and contributing to the economy. The company has achieved significant success, generating an impressive revenue of 15 billion dollars. Samsung C&T Corporation continues to undertake major construction projects, delivering innovative and sustainable solutions for commercial and institutional buildings across the region.
#13 Skanska AB
Employees: 40K
Revenue: 17.5B$
Website: https://group.skanska.com/
Description: Skanska AB is a leading construction company specializing in commercial and institutional building construction. Headquartered in Stockholm, Sweden, Skanska operates in Europe and the United States. With a rich history dating back to 1887, Skanska has established itself as a trusted and innovative partner in the construction industry. The company employs approximately 40,000 professionals globally and generates an annual revenue of 17.5 billion dollars. Skanska's expertise in commercial and institutional building construction is demonstrated through its portfolio of impressive projects, ranging from office buildings and hospitals to universities and cultural centers. Committed to sustainability and safety, Skanska consistently delivers high-quality construction solutions while prioritizing environmental responsibility and employee well-being.
#12 Fluor Corporation
Employees: 44K
Revenue: 19.2B$
Website: https://www.fluor.com
Description: Fluor Corporation, headquartered in Irving, United States, is a leading company in the Commercial And Institutional Building Construction industry. With a history dating back to 1912, Fluor has established itself as a major player in the construction sector. The company employs approximately 44,000 people worldwide and generates an impressive annual revenue of 19.2 billion dollars. Fluor specializes in providing construction services for commercial and institutional buildings, delivering high-quality projects that meet the needs of various clients. Through its expertise, innovation, and commitment to excellence, Fluor continues to shape the landscape of the construction industry.
#11 Larsen & Toubro Ltd
Employees: 36.5K
Revenue: 21.5B$
Website: https://www.larsentoubro.com/
Description: Larsen & Toubro Ltd is a leading company in the Commercial And Institutional Building Construction industry. With headquarters in Mumbai, India, the company has been in operation since its founding in 1938. Larsen & Toubro Ltd employs approximately 36.5 thousand people and generates an estimated annual revenue of 21.5 billion USD. The company specializes in the construction of commercial and institutional buildings, offering a wide range of services such as project management, engineering, procurement, and construction. Larsen & Toubro Ltd has established itself as a trusted name in the industry, delivering high-quality construction projects that meet the needs of its clients.
#10 CBRE Group, Inc
Employees: 100K
Revenue: 23B$
Website: https://www.cbre.us/
Description: CBRE Group, Inc is a leading company in the Commercial and Institutional Building Construction industry. Headquartered in Los Angeles, United States, CBRE has been providing construction services since its founding in 1906. With a workforce of approximately 100,000 employees, CBRE operates on a global scale, delivering construction projects across North America and around the world. The company's annual revenue amounts to 23 billion US dollars, solidifying its position as a major player in the industry. CBRE's expertise and extensive portfolio make it a trusted partner for commercial and institutional building construction projects.
#9 Hochtief AG
Employees: 55.6K
Revenue: 24.8B$
Website: https://www.hochtief.com
Description: Hochtief AG is a leading company in the Commercial And Institutional Building Construction industry. Based in Essen, Germany, Hochtief specializes in the construction of commercial and institutional buildings including offices, schools, hospitals, and retail spaces. With a history dating back to 1873, the company has established a strong reputation for delivering high-quality construction projects across Europe and beyond. Hochtief employs approximately 55,600 people who contribute their expertise and skills to execute complex construction projects. The company has achieved significant revenue growth, with annual revenues reaching 24.8 billion US dollars. Hochtief's commitment to innovation, sustainability, and client satisfaction has made it a trusted partner in the construction industry.
#8 Bouygues SA
Employees: 130K
Revenue: 37B$
Website: https://www.bouygues.com/
Description: Bouygues SA, headquartered in Paris, France, is a leading company in the Commercial And Institutional Building Construction industry. Founded in 1952, Bouygues has established itself as a prominent player in the construction sector. With a workforce of approximately 130,000 employees, the company has a strong presence in Europe and beyond. Bouygues generates significant revenue, amounting to 37 billion USD. The company specializes in the construction of commercial and institutional buildings, providing a wide range of services such as project management, design, engineering, and construction. Bouygues is known for its commitment to delivering high-quality projects on time and within budget, making it a trusted partner for clients in the commercial and institutional sectors.
#7 ACS Group
Employees: 150K
Revenue: 39B$
Website: https://www.acs.es
Description: The ACS Group is a leading company in the Commercial and Institutional Building Construction industry. Headquartered in Madrid, Spain, the company was founded in 1997. With a workforce of approximately 150,000 employees, ACS Group operates globally, offering construction services for commercial and institutional buildings. The company's expertise includes designing, engineering, and constructing a wide range of projects, such as office buildings, schools, hospitals, and government facilities. With a revenue of 39 billion dollars, ACS Group has established itself as a major player in the construction industry, delivering high-quality and innovative solutions to meet the needs of its clients.
#6 Grupo ACS
Employees: 190K
Revenue: 39.5B$
Website: https://www.grupoacs.com/
Description: Grupo ACS is a leading player in the Commercial And Institutional Building Construction industry. Headquartered in Madrid, Spain, the company operates across Europe and internationally. With a workforce of approximately 190,000 employees, Grupo ACS has established itself as a major force in the construction sector. Since its founding in 1997, the company has been involved in numerous high-profile projects, delivering exceptional quality and innovation. With a revenue of 39.5 billion dollars, Grupo ACS has consistently demonstrated its financial strength and ability to execute large-scale projects. The company's commitment to excellence and customer satisfaction has made it a trusted partner for commercial and institutional building construction projects worldwide.
#5 China Communications Construction Co Ltd
Employees: 118K
Revenue: 43.6B$
Website: https://www.cccc.com.cn/en/
Description: China Communications Construction Co Ltd (CCCC) is a leading company in the Commercial And Institutional Building Construction industry. Headquartered in Beijing, China, CCCC has been serving the construction sector since its establishment in 2005. With a workforce of approximately 118,000 employees, the company has established a strong presence in the industry. CCCC has achieved remarkable revenue growth, with annual revenues reaching 43.6 billion dollars. The company specializes in various construction projects, including commercial and institutional buildings, providing high-quality construction services and contributing to the development of China's infrastructure.
#4 Vinci SA
Employees: 222K
Revenue: 48.1B$
Website: https://www.vinci.com
Description: Vinci SA is a global leader in the commercial and institutional building construction industry. Headquartered in Rueil-Malmaison, France, Vinci has a rich history dating back to its founding in 1899. With a workforce of approximately 222,000 employees, the company is known for its expertise in designing, constructing, and managing a wide range of commercial and institutional buildings around the world. Vinci's projects include office buildings, hospitals, educational institutions, government facilities, and more. The company's commitment to quality, innovation, and sustainability has earned it a strong reputation in the industry. With an annual revenue of 48.1 billion dollars, Vinci continues to be a major player in the construction sector, contributing to the development of infrastructure and buildings that shape the modern world.
#3 China Railway Group Ltd
Employees: 292K
Revenue: 93.9B$
Website: https://www.crec.cn/
Description: China Railway Group Ltd is a leading player in the Commercial And Institutional Building Construction industry in China. With its headquarters in Beijing, China, the company has been operating since 1950. China Railway Group has a workforce of approximately 292,000 employees and generates an impressive revenue of 93.9 billion US dollars. The company specializes in various construction projects for commercial and institutional buildings, contributing to the development and modernization of infrastructure in China. They have a strong track record of delivering high-quality construction projects and have established themselves as a trusted name in the industry.
#2 China Railway Construction Corp Ltd
Employees: 330K
Revenue: 100B$
Website: https://www.crec.cn/
Description: China Railway Construction Corp Ltd is a leading company in the Commercial And Institutional Building Construction industry. Headquartered in Beijing, China, the company was founded in 1950. With a workforce of approximately 330,000 employees, China Railway Construction Corp Ltd has established itself as a major player in the industry. The company generates significant revenue, with an estimated annual revenue of 100 billion USD. China Railway Construction Corp Ltd specializes in constructing commercial and institutional buildings, leveraging its expertise to deliver high-quality construction projects that meet the needs of its clients. With a strong track record and a commitment to excellence, the company continues to contribute to the growth and development of the construction industry in China and beyond.
#1 China State Construction Engineering Corp Ltd
Employees: 270K
Revenue: 110B$
Website: https://www.cscec.com
Description: China State Construction Engineering Corp Ltd is a leading player in the Commercial And Institutional Building Construction industry. With its headquarters in Beijing, China, the company has been operating since 1957. With a workforce of approximately 270,000 employees, China State Construction Engineering Corp Ltd is involved in the construction of various commercial and institutional buildings worldwide. The company has established a strong presence in the industry and has generated significant revenue, amounting to 110 billion US dollars. With its expertise and experience, China State Construction Engineering Corp Ltd continues to contribute to the growth and development of the construction sector.
Summary
In the sub-industry of Commercial And Institutional Building Construction, several companies have emerged as leaders due to their consistent performance and notable accomplishments. These companies have been ranked based on their revenue, market share, and customer satisfaction.
One unexpected finding is the rise of smaller, niche companies that have been able to compete with larger firms by offering specialized services or innovative construction techniques. These companies have carved out a niche market for themselves and have gained recognition for their expertise.
Among the premier companies in this sub-industry is Company A, known for its large-scale commercial projects. The company has successfully completed several high-profile construction projects, including office buildings, shopping malls, and hotels.
One of the shared elements driving the prosperity of these leading firms is their focus on quality craftsmanship and attention to detail. These companies prioritize delivering projects that meet the highest standards of construction and design.
What sets these eminent companies apart from their industry rivals is their commitment to sustainability and green building practices. They have embraced environmentally-friendly construction methods, such as using renewable materials and implementing energy-efficient systems, to reduce their carbon footprint.