Construction Risk Consulting Market Report 2026

The construction risk consulting market size has grown strongly in recent years. It will grow from $8.46 billion in 2025 to $9.19 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to rising emphasis on regulatory compliance, increased use of risk audits in construction, growing involvement of insurance advisory services, expansion of complex infrastructure projects, rising demand for contractual risk evaluation.

The construction risk consulting market size is expected to see strong growth in the next few years. It will grow to $12.64 billion in 2030 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to growing adoption of digital risk management tools, rising use of AI-driven risk prediction, expansion of blockchain-based documentation, increasing deployment of real-time site monitoring solutions, growth in integrated construction risk platforms. Major trends in the forecast period include integration of AI-based risk assessment models, expansion of cloud-enabled risk consulting platforms, adoption of IOT-driven site risk monitoring, advancement of automated risk control workflows, implementation of blockchain-based contract and claims verification.

The increasing number of mega-projects is expected to drive the growth of the construction risk consulting market moving forward. Mega-projects are large-scale infrastructure initiatives typically valued at over $1 billion, involving multiple stakeholders, complex regulatory frameworks, and substantial financial risks. The rise in mega-projects is driven by the demand for extensive infrastructure to accommodate urbanization, motivating governments and private entities to develop major transportation, energy, and smart city projects to address growing urban needs. Construction risk consulting helps ensure these mega-projects remain on schedule and within budget by proactively identifying, quantifying, and mitigating complex risks before they turn into costly delays or disputes. For example, in February 2024, a report by ConstructConnect, a US-based software company, indicated that the upward trend in mega-projects (valued above $1 billion) continued through 2023, with their total value remaining stable compared to 2022. Consequently, the growth of mega-projects is propelling the expansion of the construction risk consulting market.

Leading companies in the construction risk consulting market are focusing on technological innovations, such as horizontal and open SaaS digital twin platforms, to improve project visibility, enhance risk assessment accuracy, and optimize decision-making throughout the construction lifecycle. A horizontal and open SaaS digital twin platform is a cloud-based, interoperable system that creates real-time digital representations of physical assets, allowing seamless integration across multiple applications and industries while enabling data sharing and collaboration via an open architecture. For example, in November 2023, Nemetschek Group, a Germany-based software provider, introduced dTwin to improve data integration, collaboration, and asset management across the construction lifecycle. The platform centralizes and harmonizes all building and operational data into a single digital twin, enhancing visibility and efficiency and supporting data-driven decision-making. It minimizes risks, eliminates information silos, and fosters better collaboration among stakeholders by providing real-time insights and actionable analytics. The dTwin solution is designed to optimize building performance, reduce costs, and promote sustainable facility management for complex assets such as hospitals, airports, and universities.

In January 2025, Baker Engineering and Risk Consultants Inc., a US-based process safety and risk management consulting firm, acquired Haines Fire and Risk Consulting LLC for an undisclosed sum. This acquisition enables BakerRisk to broaden its fire protection engineering and risk consulting offerings by incorporating Haines Fire and Risk’s expertise in fire protection design, hazardous area classification, and risk analysis. Haines Fire and Risk Consulting LLC is a US-based firm specializing in fire protection engineering and construction risk consulting.

Major companies operating in the construction risk consulting market are Chubb Limited, PricewaterhouseCoopers LLP, Zurich Insurance plc, CBRE Group Inc., Boston Consulting Group Inc., HDI Global SE, Bain & Company Inc., Baker Tilly US LLP, FTI Consulting Inc., Rider Levett Bucknall Ltd., Lockton Companies LLC, American International Group Inc. (AIG), Turner & Townsend Partners LLP, LEK Consulting LLC, Conner Strong & Buckelew Companies Inc., J.S. Held LLC, AEI Consultants, Baker Engineering and Risk Consultants Inc., Spire Consulting Group LLC, Red Brick Consulting Inc.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the construction risk consulting market by increasing costs for imported digital tools, cybersecurity systems, cloud hardware, and data management equipment used to support risk assessment and compliance operations. Public and private sector clients across North America, Europe, and Asia-Pacific are most affected due to dependence on imported IT infrastructure. However, tariffs are driving domestic investment in digital risk platforms, regional data storage solutions, and innovation in locally developed compliance technologies, enhancing long-term service resilience.

The construction risk consulting market research report is one of a series of new reports that provides construction risk consulting market statistics, including construction risk consulting industry global market size, regional shares, competitors with a construction risk consulting market share, construction risk consulting market segments, market trends and opportunities, and any further data you may need to thrive in the construction risk consulting industry. This construction risk consulting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Construction risk consulting involves specialized professional services focused on identifying, assessing, mitigating, and managing potential risks throughout the entire lifecycle of construction projects. These services generally encompass desktop reviews, on-site audits, loss scenario assessments, contractual risk transfer analysis, and claims support.

The primary categories of construction risk consulting include contract review, project evaluation, risk control, and others. Contract review entails the examination and analysis of contracts to identify, manage, and minimize potential risks before and during project execution. Key service areas cover sustainability and green building, technology integration, supply chain management, quality assurance, and health and safety management. The various applications consist of real estate development, infrastructure construction, among others, and serve multiple end users such as public sector clients, private sector clients, real estate developers, insurance companies, and not-for-profit organizations.North America was the largest region in the construction risk consulting market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in construction risk consulting report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction risk consulting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The construction risk consulting market includes revenues earned by entities through risk assessment, project risk management, safety and regulatory compliance consulting, insurance advisory, and claims management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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