Construction Market Growth, Size, Emerging Trends and Competitive Landscape Forecast to 2028

Market Size – USD 12,639.41 Billion in 2020, Market Growth – at a CAGR of 7.4%, Market Trends –Technological advancements for completing projects efficiently and in lesser time

Rapid urbanization with increasing global population is expected to continue to drive construction market revenue growth to a significant extent during the forecast period. This steady revenue growth can be attributed to increasing population in Asia Pacific in countries such as India and China among others and rising need for residential and commercial infrastructure and projects. Growing demand for more environment-friendly homes with a lower carbon footprint along with open green spaces is expected to augment growth of the global construction market going forward.

The authors of the study also offer a holistic view of the globalConstructionmarket based on the earnings, volume, and sales recorded. The research report furnishes clear guidelines for players to intensify their market position in the globalConstructionmarket. It prepares them to deal with potential challenges and optimize profitable opportunities by providing an extensive analysis of the market scenario. It also guides them to recognize new business goals simultaneously keeping track of the changes in the customer preferences, needs, and the vendor landscape of the globalConstructionmarket.

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The key companies studied in the report are:

China State Construction Engineering Co., Ltd., Al Habtoor Group LLC, Larsen Toubro Ltd., Bauer Group Ltd., China Communications Construction Group Ltd., Skanska AB, Vinci SA, Actividades de Construccin Y Servicios SA, Bechtel Corporation, and Samsung CT Corporation.

The report studies the historical data of the Construction market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Construction industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Construction market.

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The report addresses the following key points:

  • The report estimates the expected market size from 2020-2027
  • The report provides a forecast of market drivers, restraints, and future opportunities for the Construction market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

Emergen Research has segmented the construction market on the basis of type, building, construction machinery, end-use and region:

Type Outlook (Revenue, USD Billion; 20182028)

  • Building Construction
  • Heavy and Civil Engineering Construction
  • Specialty Trade Contractors
  • Land Planning and Development

Building Outlook (Revenue, USD Billion; 20182028)

  • Residential Building
  • Non-residential Building

Construction Machinery Outlook (Revenue, USD Billion; 20182028)

  • Earth Moving Machinery
  • Material Handling Machinery
  • Concrete Road Construction Machinery

End-Use Outlook (Revenue, USD Billion; 20182028)

  • Housing
  • Healthcare
  • Industrial
  • Infrastructure
  • Commercial
  • Educational

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.

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