Did you know the construction industry in the United States was worth over $1.4 trillion in 2020? It employed over 7 million people in various roles, including construction engineers, construction managers, laborers, electricians, plumbers, and carpenters. The global construction industry is forecasted to expand by $4.5 trillion to $15.2 trillion over the next ten years. Countries such as China, the United States, India, and Indonesia may contribute around 58% to the forecasted growth. Currently, over a million construction companies are operating worldwide. In this article, we’ll review the world’s top ten largest construction companies you may want to keep an eye on.
Actividades de Construcción y Servicios (ACS Group)
Actividades de Construcción y Servicios (ACS) was founded by Florentino Perez through the merger of OCP Construcciones, S.A. and Ginés Navarro Construcciones, S.A in 1997. Headquartered in Madrid, Spain, ACS has an operational presence in countries such as Germany, Chile, Morocco, Australia, and India. ACS employs over 190,000 people as of December 2020.
A few notable projects of ACS are:
– Alqueva Dam
– The Torre Caja Madrid
– The Portugués Dam in Ponce, Puerto Rico
– The Crescent Dunes Solar Energy Project
The revenue of ACS group in 2020 was 34.9 billion Euros or 39.5 billion dollars. It is a public limited company listed on the Bolsa de Madrid Stock Exchange and is a part of IBEX35.
Vinci is one of the world’s largest construction companies headquartered in France. It was founded by Alexandre Giros and Louis Loucheur in 1899. Vinci SA is a public limited company listed on Euronext. N.V and is a constituent of CAC40. Vinci SA predominantly focuses on infrastructure and property construction projects such as motorways, airports, tunnels, and bridges.
A few major and notable projects of Vinci SA are:
– Stade de France
– Rio–Antirrio bridge
– Whiston Hospital
– Atlantic Bridge, Panama
– Femern Tunnel, Denmark
Employing over 217,000 people, Vinci reported a revenue of 43.2 billion Euros or 48.9 billion dollars in 2020. Vinci generates over 35% of revenue from design and construction works and 26% of the revenue from the design, execution, and maintenance of telecom and energy infrastructure.
Bechtel Corporation is a construction, engineering, and project management company headquartered in San Francisco, California. It was founded by Warren A. Bechtel in 1906 in Reston, Virginia. Bechtel is the largest construction company in the United States by revenue. A privately-owned company, Bechtel reported revenue of $17.6 billion in 2020.
The major projects of Bechtel are:
– Romania A3 Motorway
– Boston Central Tunnel
– Riyadh Metro
– Crossrail, a commuter rail linking Heathrow Airport and Central London
– Tacoma Narrows Bridge
Employing over 50,000 people, Bechtel has completed over 25,000 projects in 160 countries across the world.
Hochtief Aktiengesellschaft is the largest construction company in Germany. Founded by Philipp and Balthasar Helfmann in 18974. Hochtief is a public limited company listed on Frankfurt Stock Exchange and is a constituent of MDAX. Headquartered in Essen, Germany, Hochtief operates in several countries, including the United States, Australia, Saudi Arabia, Poland, and the Czech Republic. The organization generated revenue of 23 billion Euros or $26 billion in 2020. Over 50% of this revenue came from the United States.
A few notable projects of Hochtief Aktiengesellschaft are:
– Dnipro Stadium
– Athens International Airport, Greece
– Expansion of King Khalid International Airport
– Mosul Dam, Iraq
– Gotthard Tunnel, Switzerland
Employing over 70,000 people, Hochtief is currently working on the Chacao Channel Bridge that links the island of Chiloé with mainland Chile.
China Communications Construction Company
China Communications Construction Company (CCCC) is the largest construction and engineering company in China. The organization is predominantly engaged in the design, construction, renovation, and maintenance of assets such as highways, bridges, tunnels, railways, airports, and marine ports. Founded in 2005 through the merger of China Road and Bridge Corporation (CRBC) and China Harbour Engineering Company (CHEC), CCCC is listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.
A few notable projects of CCCC are:
– Karnaphuli Tunnel
– Mombasa-Nairobi Standard Gauge Railway
– Yangshan Port
– Hong Kong-Zhuhai-Macao Bridge
CCCC, located in Beijing, China, reported revenue of $95.3 billion in 2020. CCCC operates in several other countries, including Australia and Malaysia through its subsidiaries such as China Road and Bridge Corporation, China Harbour Engineering, and John Holland Group.
Larsen and Toubro
Founded by Danish engineers taking refuge in India in 1938, L&T is one of the biggest conglomerates of India operating in industries such as engineering, construction, technology, and financial services. Its headquarters are located in Mumbai, India. Employing over 350,000 people, the organization operates through 118 subsidiaries, 25 joint ventures. And 6 associate companies.
A few notable engineering and construction projects of L& T are:
– Hyderabad Metro Rail Project
– Mumbai Trans Harbour Link Project.
– Kakrapar Atomic Power Station
– Riyadh Metro
– Mumbai International Airport
L&T reported revenue of $20 billion in the financial year 2020-2021. The international business contributes over 30% to the revenues of L&T. They provide turnkey infrastructure solutions in international markets such as UAE, Malaysia, Saudi Arabia, Kenya, Thailand, Kuwait.
Bouygues is the world’s leading industrial group headquartered in Paris, France. Founded by Francis Bouygues in 1952, the organization operates in several interest areas, including engineering, real estate development, telecommunication, and media. It is a public limited company listed on the Euronext Paris Exchange and a constituent of the CAC40 stock market index.
A few notable construction projects of Bouygues are:
– Stade de France
– The Singapore Sports Hub
– The Port of Miami Tunnel
– The Iqaluit Airport terminal
– The Henri Konan Bédié Bridge
Employing over 130,000 people, Bouygues Group has reported a revenue of 34.694 billion Euros or 39.2 billion dollars in 2020.
Strabag SE is one of the largest construction companies in Europe. They are headquartered in Vienna, Austria. Besides operating in home markets like Austria and Germany, Strabag has an operational presence in countries such as Canada, China, Chile, and India. Founded in 1835, the organization has interests in building construction, infrastructure construction, facility management, civil engineering, and tunneling. They employ over 70,000 people and reported a revenue of 14.74 billion Euros or 16.6 dollars in 2020.
A few notable construction projects of Strabag are:
– The Niagara Third Hydro Tunnel in Canada
– The Sofia Airport Second Terminal in Bulgaria
– The Limerick Tunnel in Ireland
– The Copenhagen Metro in Denmark
– The Basra International Airport in Iraq
Strabag is a public limited company listed on Vienna Stock Exchange, also known as The Wiener Börse AG.
Founded in 1887 by Rudolf Fredrik Berg to manufacture concrete products, Skanska AB has become the largest construction company in Sweden with headquarters in Stockholm. Besides its home market, Skanska AB also focuses on markets such as Norway, Finland, Denmark, Hungary, Romania, the United Kingdom, North America, and the United States.
A few notable projects of Skanska AB are:
– Renovation of United Nations Headquarters
– The Moynihan Train Hall
– The 30 St Mary Axe
– The MetLife Stadium
– The Mater Dei Hospital,
Skanska AB reported revenue of $18.54 billion in 2020 and employed over 30,000 people. Skanska AB is a public limited company whose shares are traded on Stockholm Stock Exchange.
Power Construction Corp. of China
Power Construction Corp. of China is a civil engineering construction company headquartered in Beijing, China. They are branded as POWERCHINA. Power Construction operates in various countries including Kenya, Pakistan, Vietnam, Ghana, Isreal, and Malaysia through its 779 subsidiaries. Power Construction is a state-owned organization established in 2009 by its parent company, The State-owned Assets Supervision and Administration Commission of the State Council (SASAC).
A few notable projects of Power Construction Corp are:
– Melaka Gateway, Malaysia
– Dau Tieng Solar Power Project, Vietnam
– Pwalugu Hydroelectric Power Station, Ghana
– Lamu Coal Power Station, Kenya
– HydroChina Dawood Wind Power Project, Pakistan