Total sales for world’s largest contractors revealed
31 July 2023
The total amount of sales generated by the world’s top 200 construction contractors in 2022 has been revealed in the ICON 200 table to be at a record-level of US$2.028 trillion.
This figure is an increase on the total amount produced in the previous listing (which was also a record amount) of US$1.968 trillion.
There are a number of factors that contributed to this record-high figure of US$ 2.028 trillion, and one of the main ones is the performance of China-based contractors. Contractors from China account for approximately 44% of the total amount. To put that into context, the country with the next highest percentage is the US with 13.7%.
The performance of the Chinese contractors underlines the strength of the country’s Belt and Road Initiative around the world, as construction activity in China itself in 2022 was down.
US-based contractors also had a strong year in 2022; of the 33 companies in the list 21 saw their placings increase, three stayed the same and nine fell. The percentage total of 13.7% is an increase on last year’s 12.5%.
The top ten contractors in the world by sales contains six companies from China, two from France, one from Spain and one from the US.