Religious Buildings Global Market Report 2025

A religious building refers to a specially designed structure intended for religious activities, where individuals or groups engage in acts of devotion and religious study. These locations serve as places for members of religious communities to come together to commemorate significant events in life, such as births, fostering a sense of shared belief and community connection.

The main types of religious buildings can be categorized as residential and non-residential. Residential religious buildings are those inhabited by a community of monks or nuns. Various construction activities associated with religious buildings include new construction, repair and maintenance, refurbishment, and demolition. These structures are utilized in various applications, including ownership and rental.

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.

The sharp rise in U.S. tariffs and the resulting trade tensions in spring 2025 are having a considerable impact on the construction sector, particularly in the areas of material procurement and overall project expenses. Increased duties on imported steel, aluminum, lumber, and machinery have raised costs for builders, contractors, and infrastructure developers, resulting in higher project bids and delays in execution. Manufacturers of construction equipment are also facing challenges, as tariffs on key components and raw materials are driving up production costs and compressing profit margins. Furthermore, retaliatory tariffs from major export markets have reduced demand for U.S.-made construction equipment and materials, putting additional pressure on revenue streams. In response, the sector is increasingly focusing on local sourcing, adopting modular construction methods, and diversifying supply chains to better manage rising costs and maintain project feasibility amid ongoing trade instability.

The religious buildings market research report is one of a series of new reports from The Business Research Company that provides religious buildings market statistics, including religious buildings industry global market size, regional shares, competitors with a religious buildings market share, detailed religious buildings market segments, market trends, and opportunities, and any further data you may need to thrive in the religious buildings industry. The religious buildings 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.

The religious buildings market size has grown marginally in recent years. It will grow from $21.12 billion in 2024 to $21.27 billion in 2025 at a compound annual growth rate (CAGR) of 0.7%. The growth in the historic period can be attributed to religious practices and worship, community growth and demographics, cultural and architectural heritage, urban development and zoning, migration, and diaspora communities.

The religious buildings market size is expected to see steady growth in the next few years. It will grow to $23.33 billion in 2029 at a compound annual growth rate (CAGR) of 2.3%. The growth in the forecast period can be attributed to cultural and interfaith dialogue, community outreach and social services, sustainability and environmental considerations, adaptation to changing religious practices, urban renewal, and redevelopment. Major trends in the forecast period include community engagement initiatives, preservation and restoration, art and symbolism, adaptive reuse of historic buildings, accessibility and inclusivity.

The forecast of 2.3% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to affect US worship facility construction by delaying specialized architectural elements, sourced from artisans in Italy and Israel, potentially extending project completion dates. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The rising trend in religious donations is anticipated to boost the growth of the religious building market in the future. Religious donations refer to contributions made for the benefit of a religious organization, which are used entirely or significantly by that organization. These donations are typically allocated for constructing structures or places of worship (religious buildings), funding education programs, supporting missionary efforts, and providing wellness initiatives (regardless of religion, nationality, or race). For example, in April 2023, the Office of International Religious Freedom, a U.S. Department of State entity, reported that the UK government announced it would allocate $31.1 million (£24.5 million) to Muslim groups and $4.4 million (£3.5 million) to other non-Jewish faith groups for enhancing security in their places of worship and schools in England and Wales. Additionally, the government has provided $22.9 million (£18 million), which is $5 million (£4 million) more than the previous year. Thus, the increasing religious donations are driving the growth of the religious building market.

The expansion of the construction industry is expected to drive the growth of the religious building market in the future. Construction activities have been increasing due to rapid industrialization and urbanization. A growing economy typically results in heightened construction activities, including the building of religious structures. As communities and individuals experience economic prosperity, the demand for new religious spaces may rise. For example, in February 2024, the Office for National Statistics, a UK-based government department, reported that the total annual construction output grew by 2.0% in 2023 compared to the previous year, 2022. Therefore, the growth in the construction industry is contributing to the expansion of the religious building market during the forecast period.

Technological advancement emerges as a notable trend gaining traction in the religious building market. Major players in the market are directing their efforts toward leveraging various construction technologies, such as 3D printing, to enhance their market standing. 3D printing involves the manufacturing of construction elements or entire buildings using a 3D printer to print materials such as concrete, polymer, metal, or others layer by layer. For instance, in February 2022, the Lake California Community Church partnered with Don Ajamian Construction to construct a church using 3D printing technology, significantly reducing construction costs and achieving optimal acoustics through the innovative interior wall design.

Prominent organizations in the religious buildings market are securing investments to develop more affordable housing options for homeless individuals. In October 2023, St. Luke's Episcopal Church secured a $7 million state funding to construct a 55-unit affordable housing development in New Haven. This initiative aims to increase the availability of affordable housing in the city, contributing to the broader effort to revitalize neighboring areas.

In October 2022, M. B. Kahn Construction Co Inc, a Columbia-based general contractor, announced its acquisition agreement with McKenzie Construction Corporation for an undisclosed amount. This strategic acquisition positions M. B. Kahn Construction to enhance its presence in the U.S. market and better serve its clients, potentially expanding its capabilities, including the construction of religious buildings. McKenzie Construction Corporation, based in the U.S., offers full-service construction and renovation services for residential, commercial, and industrial properties, including religious buildings.

Major companies operating in the religious buildings market include Stenz Construction Corporation, Skanska AB, Vinci SA, Turner Construction Company, Lincoln Construction Co., Churches by Daniels Inc., Hochtief AG, BGW Architects, Delphi Construction Inc., Marker Inc., Hencken & Gaines Inc., CB Construction LLC, Scherrer Construction Co. Inc., Tejjy Inc., Hankins Construction Company, Clark Construction Group LLC, Hensel Phelps Construction Co., PCL Construction Enterprises Inc., McCarthy Building Companies Inc., The Whiting-Turner Contracting Company, Gilbane Building Company, M. A. Mortenson Co., JE Dunn Construction, Balfour Beatty US, Webcor Builders Inc., Swinerton Builders, DPR Construction, Holder Construction Company, Brasfield & Gorrie LLC, The Henry C. Beck Company, Ryan Companies US Inc., Hoffman Construction Company, The Boldt Company, The Korte Company

Asia-Pacific was the largest region in the religious buildings market in 2024. The regions covered in the religious buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the religious buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The religious buildings market includes revenues earned by entities by constructing religious buildings such as a church, mosques, temples, and synagogues that serve as a place of worship. 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.

Religious Buildings Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on religious buildings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for religious buildings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The religious buildings market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: Residential; Non-residential
• 2) By Construction Activity: New Construction; Repair And Maintenance; Refurbishment; Demolition
• 3) By Application: Owned; Rental
• Subsegments:
• 1) By Residential: Monasteries; Convents; Religious Retreat Centers
• 2) By Non-Residential: Churches; Temples; Mosques; Synagogues; Other Worship Spaces
• Companies Mentioned: Stenz Construction Corporation; Skanska AB; Vinci SA; Turner Construction Company; Lincoln Construction Co.; Churches by Daniels Inc.; Hochtief AG; BGW Architects; Delphi Construction Inc.; Marker Inc.; Hencken & Gaines Inc.; CB Construction LLC; Scherrer Construction Co. Inc.; Tejjy Inc.; Hankins Construction Company; Clark Construction Group LLC; Hensel Phelps Construction Co.; PCL Construction Enterprises Inc.; McCarthy Building Companies Inc.; The Whiting-Turner Contracting Company; Gilbane Building Company; M. A. Mortenson Co.; JE Dunn Construction; Balfour Beatty US; Webcor Builders Inc.; Swinerton Builders; DPR Construction; Holder Construction Company; Brasfield & Gorrie LLC; The Henry C. Beck Company; Ryan Companies US Inc.; Hoffman Construction Company; The Boldt Company; The Korte Company
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.