[Ranking] TOP 24 Construction Companies Q3/2023
Intro
The construction industry plays a vital role in the global economy, serving as a key driver of growth and development. With its extensive reach and influence, this industry impacts a wide range of sectors, from infrastructure to real estate.
The far-reaching effects of the construction industry can be seen in the interconnectedness of various industries. For example, the demand for construction projects stimulates the manufacturing of construction materials and equipment, and in turn, creates employment opportunities in transportation and logistics.
The economic significance of the construction industry cannot be overstated. In recent years, it has experienced substantial growth, fueled by increasing urbanization, population growth, and infrastructure investments. This upward trajectory is expected to continue as emerging markets and developing countries continue to invest in construction projects.
In the face of rapid technological advancements and increasing environmental concerns, the construction industry is undergoing significant transformations. Companies are adopting innovative practices such as sustainable construction methods, digitalization, and automation to address challenges and improve efficiency.
The construction industry is a dynamic and ever-evolving sector, constantly adapting to new trends and demands. From emerging technologies to changing regulations, the landscape of this industry is continually shaped by external factors. Exploring the top companies in this sub-industry provides insights into the leaders driving innovation and shaping the future of construction.
Ranking
#24 SNC-Lavalin Group
Employees: 50K
Revenue: 5.5B$
Website: https://www.snclavalin.com
Description: The SNC-Lavalin Group is a leading construction company based in Montreal, Canada. With a history dating back to 1911, the company has established itself as a major player in the industry. SNC-Lavalin operates in various sectors including infrastructure, power, mining, and oil & gas. They offer a wide range of services such as engineering, procurement, construction, and project management. With a workforce of approximately 50,000 employees, the company has a strong global presence and has delivered numerous high-profile projects around the world. In 2020, SNC-Lavalin reported a revenue of 5.5 billion US dollars, solidifying its position as one of the top construction companies in North America.
#23 Balfour Beatty
Employees: 26K
Revenue: 5.7B$
Website: https://www.balfourbeatty.com/
Description: Balfour Beatty is a leading construction company based in London, United Kingdom. With a rich history dating back to 1909, the company has established itself as a prominent player in the construction industry. Balfour Beatty operates in various sectors including infrastructure, buildings, and services. The company employs approximately 26,000 individuals globally who contribute to its success and growth. Balfour Beatty's annual revenue amounts to around 5.7 billion dollars, reflecting its strong market presence and financial performance.
#22 Obayashi Corporation
Employees: 12K
Revenue: 6.7B$
Website: https://www.obayashi.co.jp/en/
Description: Obayashi Corporation, headquartered in Tokyo, Japan, is a leading player in the construction industry. With a history dating back to 1892, Obayashi has established itself as a trusted name in the field. The company boasts a workforce of approximately 12,000 employees, who bring their expertise and commitment to delivering high-quality construction projects. Obayashi's diverse portfolio includes commercial buildings, residential complexes, infrastructure development, and more. With a revenue of 6.7 billion dollars, Obayashi has consistently demonstrated its financial strength and stability. Through its innovative approach and dedication to excellence, Obayashi continues to shape the construction industry in Japan and beyond.
#21 Hitachi Construction Machinery
Employees: 32K
Revenue: 8B$
Website: https://www.hitachicm.com/global/
Description: Hitachi Construction Machinery is a prominent player in the construction industry, headquartered in Tokyo, Japan. With a history dating back to 1970, the company has established itself as a leading manufacturer and supplier of construction machinery and equipment worldwide. Hitachi Construction Machinery operates in various sectors of the construction industry, providing innovative solutions for excavating, loading, and hauling. The company's product portfolio includes hydraulic excavators, wheel loaders, dump trucks, and compact construction equipment. With a workforce of approximately 32,000 employees, Hitachi Construction Machinery generates an impressive annual revenue of 8 billion dollars. Committed to quality, reliability, and sustainability, the company continues to contribute significantly to the advancement and efficiency of construction projects globally.
#20 Kajima Corporation
Employees: 20K
Revenue: 10B$
Website: https://www.kajima.com
Description: Kajima Corporation is a leading player in the construction industry. Headquartered in Tokyo, Japan, the company has been operating since 1840. With a workforce of approximately 20,000 employees, Kajima Corporation has established itself as a major force in the industry. The company's annual revenue stands at around 10 billion USD. Kajima Corporation undertakes a wide range of construction projects, including commercial buildings, residential complexes, infrastructure development, and more. With its extensive experience and expertise, the company has successfully completed numerous high-profile projects both in Japan and internationally. Kajima Corporation is committed to delivering quality construction services and contributing to the growth and development of the industry.
#19 Shimizu Corporation
Employees: 25K
Revenue: 10B$
Website: https://www.shimz.co.jp/english/
Description: Shimizu Corporation, headquartered in Tokyo, Japan, is a leading construction company operating in the construction industry. With a rich history dating back to its founding in 1804, Shimizu Corporation has established itself as a prominent player in the sector. The company boasts a workforce of 25,000 employees, who contribute to its success and growth. Shimizu Corporation has achieved impressive financial results, generating a revenue of 10 billion dollars. The company's expertise spans various construction projects, including residential, commercial, and public infrastructure. With its commitment to innovation and quality, Shimizu Corporation continues to deliver exceptional construction solutions that shape skylines and improve communities.
#18 Ferrovial
Employees: 70K
Revenue: 10B$
Website: https://www.ferrovial.com/
Description: Ferrovial, headquartered in Madrid, Spain, is a leading construction company operating in the global construction industry. Founded in 1952, the company has grown to employ approximately 70,000 employees worldwide. With a revenue of 10 billion dollars, Ferrovial has established itself as a major player in the industry. The company is involved in a wide range of construction projects, including infrastructure development, building construction, and civil engineering. Ferrovial's expertise lies in areas such as transportation infrastructure, energy, and environmental services. With its commitment to innovation, sustainability, and quality, Ferrovial continues to deliver exceptional projects that contribute to the development and improvement of communities globally.
#17 Vincent Bolloré
Employees: 180K
Revenue: 12B$
Website: https://www.vincentbollore.com/en
Description: Vincent Bolloré is a prominent player in the construction industry, with headquarters located in Paris, France. Founded in 1822, the company has a rich history and extensive experience in the field. With a workforce of approximately 180,000 employees, Vincent Bolloré has established itself as a major employer in the industry. The company generates a substantial revenue of 12 billion dollars, highlighting its financial strength and success. Vincent Bolloré undertakes a wide range of construction projects, from residential and commercial buildings to infrastructure development. Their expertise, combined with a commitment to quality and innovation, has earned them a strong reputation in the construction sector.
#16 Strabag
Employees: 76K
Revenue: 15.2B$
Website: https://www.strabag.com/
Description: Strabag, headquartered in Vienna, Austria, is a leading construction company operating in the construction industry. With a history dating back to 1835, the company has established itself as a prominent player in the market. Strabag employs approximately 76,000 individuals, making it a significant employer in the industry. The company's revenue stands at an impressive 15.2 billion dollars, showcasing its financial strength. Strabag undertakes a wide range of construction projects, including civil engineering, transportation infrastructure, and building construction. With its extensive expertise and vast workforce, Strabag continues to deliver high-quality construction solutions across Europe and beyond.
#15 Skanska
Employees: 40K
Revenue: 16.7B$
Website: https://group.skanska.com
Description: Skanska, headquartered in Stockholm, Sweden, is a leading construction company operating in the construction industry. With a rich history dating back to 1887, Skanska has established itself as a trusted name in the industry. The company employs approximately 40,000 professionals globally, dedicated to delivering high-quality construction projects. Skanska operates across various sectors, including commercial, residential, infrastructure, and industrial construction. They are committed to sustainable practices and prioritize incorporating green solutions into their projects. Skanska's revenue in recent years has reached an impressive 16.7 billion dollars, solidifying their position as a key player in the construction industry.
#14 Larsen & Toubro
Employees: 30K
Revenue: 18B$
Website: https://www.larsentoubro.com
Description: Larsen & Toubro is a leading construction company headquartered in Mumbai, India. Founded in 1938, the company has grown to become a major player in the construction industry. With a workforce of approximately 30,000 employees, Larsen & Toubro undertakes a wide range of construction projects including residential buildings, commercial complexes, infrastructure development, and industrial facilities. The company has a strong presence in India and has expanded its operations globally, undertaking projects in various countries. Larsen & Toubro has achieved significant revenue growth, with annual revenue reaching 18 billion dollars. With its expertise and commitment to quality, Larsen & Toubro continues to be a trusted name in the construction industry.
#13 Fluor Corporation
Employees: 43K
Revenue: 19.2B$
Website: https://www.fluor.com
Description: Fluor Corporation is a leading construction company based in Irving, United States. With its headquarters in North America, Fluor operates globally in the construction industry. Founded in 1912, the company has a rich history and extensive experience in delivering construction projects. With a workforce of approximately 43,000 employees, Fluor offers a wide range of construction services, including engineering, procurement, fabrication, construction, and maintenance. The company has established a strong reputation for its expertise in various sectors, such as energy, chemicals, infrastructure, mining, and more. Fluor has consistently generated significant revenue, with annual earnings reaching approximately 19.2 billion dollars. Through its commitment to quality and innovation, Fluor continues to be a prominent player in the construction industry.
#12 Valeo
Employees: 110K
Revenue: 19.5B$
Website: https://www.valeo.com
Description: Valeo, headquartered in Paris, France, is a leading global supplier of automotive technology and systems. With a history dating back to 1923, Valeo has a strong presence in the construction industry, providing innovative solutions for various construction applications. The company's expertise lies in developing and manufacturing a wide range of components and systems for construction machinery, including electrical systems, drivetrain systems, thermal systems, and lighting systems. Valeo's commitment to sustainability is evident in its focus on developing energy-efficient solutions that reduce environmental impact. With a workforce of approximately 110,000 employees, Valeo generates an impressive annual revenue of 19.5 billion dollars, making it a key player in the construction industry.
#11 CRH
Employees: 90K
Revenue: 28B$
Website: https://www.crh.com
Description: CRH is a leading global building materials company headquartered in Beijing, China. With a history dating back to 1970, CRH is involved in every aspect of the construction industry, including the production and distribution of cement, aggregates, asphalt, and ready-mix concrete. The company operates in over 30 countries across Asia, Europe, and the Americas, providing innovative solutions and sustainable building materials for a wide range of construction projects. With a workforce of 90,000 employees, CRH is dedicated to delivering superior quality products and services to its customers. In 2020, the company reported a revenue of 28 billion dollars, solidifying its position as a major player in the global construction industry.
#10 LafargeHolcim
Employees: 80K
Revenue: 28B$
Website: https://www.lafargeholcim.com
Description: LafargeHolcim is a leading player in the global construction industry. Headquartered in Zurich, Switzerland, the company operates in Europe and around the world. With a history dating back to 2015, LafargeHolcim has established itself as a prominent name in the industry. The company employs approximately 80,000 individuals, contributing to its success and growth. LafargeHolcim generates an impressive revenue of 28 billion dollars, highlighting its significant presence and influence in the construction sector. With its commitment to sustainable construction solutions and innovative building materials, LafargeHolcim continues to shape the future of the industry.
#9 Bechtel
Employees: 55K
Revenue: 32B$
Website: https://www.bechtel.com
Description: Bechtel is a renowned construction company headquartered in San Francisco, United States. With a rich history dating back to 1898, Bechtel has established itself as a global leader in the construction industry. The company employs approximately 55,000 professionals worldwide, contributing to its impressive revenue of 32 billion dollars. Bechtel specializes in engineering, procurement, and construction (EPC) projects across various sectors such as energy, infrastructure, transportation, and telecommunications. With a strong focus on innovation and sustainability, Bechtel delivers complex and high-profile projects that shape the modern world. Their commitment to excellence and expertise has earned them a stellar reputation in the construction industry.
#8 Hochtief
Employees: 45K
Revenue: 32B$
Website: https://www.hochtief.com/
Description: Hochtief, headquartered in Essen, Germany, is a leading construction company operating in the construction industry. With a history dating back to 1874, Hochtief has established itself as a prominent player in the global construction market. The company boasts a workforce of approximately 45,000 employees, who contribute to its success in delivering innovative and sustainable construction solutions. Hochtief's impressive revenue of 32 billion dollars highlights its strong financial performance. Through its expertise in various sectors such as infrastructure, energy, and real estate, Hochtief continues to undertake and successfully complete complex construction projects worldwide.
#7 Bouygues
Employees: 130K
Revenue: 37.7B$
Website: https://www.bouygues.com/
Description: Bouygues, headquartered in Paris, France, is a leading player in the global construction industry. With a rich history dating back to 1952, the company has established itself as a trusted name in the sector. Bouygues specializes in a wide range of construction activities, including residential, commercial, and infrastructure projects. The company's extensive portfolio showcases its expertise in delivering iconic structures that shape skylines and improve urban landscapes. With a workforce of approximately 130,000 employees, Bouygues brings together a diverse team of professionals dedicated to excellence and innovation. In 2020, the company reported an impressive revenue of 37.7 billion dollars, solidifying its position as a key player in the construction industry.
#6 ACS Group
Employees: 160K
Revenue: 39B$
Website: https://www.grupoacs.com/
Description: ACS Group is a prominent player in the construction industry, headquartered in Madrid, Spain. With a workforce of approximately 160,000 employees, ACS Group is one of the largest construction companies in Europe. Founded in 1997, the company has established itself as a global leader in infrastructure development, energy, and services. ACS Group undertakes a wide range of construction projects, including the construction of highways, railways, bridges, tunnels, and buildings. The company has successfully completed numerous iconic projects worldwide, contributing to the development of sustainable and innovative infrastructure. With a revenue of 39 billion dollars, ACS Group continues to expand its presence and deliver exceptional construction solutions on a global scale.
#5 Vinci
Employees: 195K
Revenue: 48.1B$
Website: https://www.vinci.com
Description: Vinci is a leading construction company based in Paris, France. With its headquarters in Europe, Vinci operates globally and has a strong presence in the construction industry. The company was founded in 1899 and has a long history of delivering high-quality construction projects. Vinci employs approximately 195,000 people worldwide, making it one of the largest employers in the industry. The company's revenue reached 48.1 billion dollars, showcasing its significant financial success. Vinci specializes in various construction sectors, including building, infrastructure, and energy, and has established a reputation for excellence and innovation in the industry.
#4 Nippon Steel & Sumitomo Metal
Employees: 93K
Revenue: 53B$
Website: https://www.nipponsteel.com
Description: Nippon Steel & Sumitomo Metal, headquartered in Tokyo, Japan, is a major player in the construction industry. With a workforce of approximately 93,000 employees, the company operates globally and is known for its expertise in steel production and construction materials. Founded in 2012 through the merger of Nippon Steel Corporation and Sumitomo Metal Industries, the company has a strong presence in the Asian market and beyond. Nippon Steel & Sumitomo Metal offers a wide range of construction products and solutions, including structural steel, pipes, sheets, and plates, which are essential for various construction projects. With an impressive revenue of 53 billion dollars, the company continues to be a leading provider of high-quality construction materials and contributes significantly to the global construction industry.
#3 China Communications Construction
Employees: 300K
Revenue: 60B$
Website: https://www.cccc.com.cn/en/
Description: China Communications Construction (CCCC) is a leading company in the Construction industry based in Beijing, China. Founded in 2005, CCCC has grown to become one of the largest construction companies in the world. With a workforce of approximately 300,000 employees, the company operates on a global scale, undertaking major infrastructure projects in various countries. CCCC specializes in the construction of highways, bridges, ports, railways, and other transportation infrastructure. The company has a strong track record of delivering high-quality projects that contribute to economic development and connectivity. With annual revenues of around 60 billion dollars, CCCC continues to be a key player in the construction industry, driving innovation and sustainable development.
#2 China Railway Construction
Employees: 302K
Revenue: 128.7B$
Website: https://www.crcc.cn/
Description: China Railway Construction (CRCC) is a leading construction company based in Beijing, China. With its headquarters in Asia, CRCC has a strong presence in the construction industry. Since its founding in 1958, the company has grown to employ approximately 302,000 employees. CRCC has achieved significant success in the industry, reporting a revenue of 128.7 billion USD. The company is known for its expertise in various construction projects, including railways, highways, bridges, tunnels, and urban development. CRCC's commitment to quality and innovation has made it a trusted name in the construction industry both in China and internationally.
#1 China State Construction Engineering
Employees: 270K
Revenue: 173B$
Website: https://www.cscec.com/
Description: China State Construction Engineering, headquartered in Beijing, China, is a prominent player in the construction industry. Founded in 1957, the company has grown to become one of the largest construction and engineering firms globally. With a workforce of approximately 270,000 employees, China State Construction Engineering undertakes a wide range of construction projects, including residential, commercial, infrastructure, and industrial developments. The company's impressive revenue of 173 billion dollars showcases its significant market presence and success. With its extensive expertise and vast resources, China State Construction Engineering continues to contribute to the construction industry's growth and development in China and beyond.
Summary
The construction industry is a highly competitive sector with numerous companies vying for dominance. However, a few companies have managed to stand out from the rest due to their exceptional performance and significant accomplishments.
One unexpected finding is that despite the challenges faced by the construction industry, the top companies have managed to thrive and even expand their operations.
Among the premier companies in the construction sub-industry are ABC Construction, XYZ Builders, and DEF Contractors.
These leading firms share a common approach of prioritizing quality, innovation, and customer satisfaction. They have invested in cutting-edge technology and machinery to enhance productivity and efficiency. Additionally, they have established strong relationships with suppliers and subcontractors to ensure timely project completion.
What sets these eminent companies apart from their rivals is their commitment to sustainability and green building practices. They have embraced environmentally friendly construction methods and materials, reducing their carbon footprint and contributing to a greener future. Moreover, these companies have a strong focus on safety, implementing stringent safety protocols to protect their workers and prevent accidents on construction sites.