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Construction Market Market Revenue, Driving Factors, Key Players, Strategies, Trends, Forecast Till 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

Global construction market size reached USD 12,639.41 Billion in 2020 and is expected to register a CAGR of 7.4% during the forecast period, according to latest analysis by Emergen Research. Increasing government expenditure and investment to improve domestic infrastructure and for sustaining economic growth is driving growth of the construction market, especially in developing countries. However, variable raw material cost across countries makes it difficult for construction companies to use standardized products in the same budget in different countries, which is a major factor expected to hamper construction market growth to some extent during the forecast period.

The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

 

Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends:https://www.emergenresearch.com/industry-report/construction-market

Top competitors of the Construction Market profiled in the report include:

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 Construcción Y Servicios SA, Bechtel Corporation, and Samsung C&T Corporation.

The research provides answers to the following key questions:

  • What will be the growth rate of the Construction market for the forecast period, 2018 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?
  • What are challenges and threats faced by the prominent vendors operating in the Construction market?
  • Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
  • What are the past, present and emerging trends likely to influence the growth rate of the Construction market for the forecast period, 2018 to 2028?
  • What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?

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SCOPE OF THE REPORT

The study draws a forecast of the growth of the Construction market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

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

Type Outlook (Revenue, USD Billion; 2018–2028)

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

Building Outlook (Revenue, USD Billion; 2018–2028)

  • Residential Building
  • Non-residential Building

Construction Machinery Outlook (Revenue, USD Billion; 2018–2028)

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

End-Use Outlook (Revenue, USD Billion; 2018–2028)

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

In market segmentation by geographical regions, the report has analysed the following regions-       

   North America

   Europe

   Asia-Pacific

   Middle East and Africa

   Latin America  

 

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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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Emergen Research | Web: www.emergenresearch.com

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