Construction Market To Grow At A Higher Rate

The Business Research Company’s global construction market, covers the year-on-year growth of the global construction historic and forecast growth. It also includes chapters on the construction’s trends, geographical analysis, and competitive landscape.

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The global construction market is forecast to grow at a CAGR (compound annual growth rate) of around 9 % to 2022.

Construction Trends

3D printing in heavy and civil engineering construction, prefabrication of heavy construction projects and building information modelling (BIM) to improve productivity are the major trends witnessed in the global construction market.

Economic growth coupled with an increase in global urbanization is expected to increase the demand for new residential and commercial buildings. Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam and the Philippines which are becoming increasing popular for export-oriented manufacturing

The global construction is primarily driven by increase in urbanization, global construction mergers and acquisitions and economic growth.

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The global construction market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With emergence of new infrastructure projects, and growing population the global construction market is expected to increase in potential and scope. TBRC’s report also covers the global construction market report drivers and restraints in the market.

The global construction market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global construction report are China State Construction Engineering Co Ltd, China Railway Group Ltd, China Railway Construction Corporation Limited, China Communications Construction Group Ltd, Vinci SA.

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