Learn about the global construction market through The Business Research Company, which provides information on construction market size, construction market drivers and restraints, construction market players, the COVID-19 impact on the construction market, and more.

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The global construction market size is expected to grow from $13570.90 billion in 2021 to $15171.80 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The growth in the construction market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The construction market is expected to reach $22873.96 billion in 2026 at a CAGR of 10.8%.

The increasing construction activities in emerging markets is expected to drive innovation in construction manufacturing, thus driving the market during the forecast period.

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The construction market consists of sales of construction services and related goods by entities (organizations, sole traders and partnerships) that construct buildings or engineering projects (e.g., highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs.

Global Construction Market Segments Include:

By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development
By End User: Private, Public

Subsegments Covered: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction, Foundation, Structure, And Building Exterior Contractors, Building Equipment Contractors, Building Finishing Contractors, Other Specialty Trade Contractors, Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the construction market in 2021.

Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact.

TBRC’s construction market report covers:

Major Market Players: China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co., Ltd., China Evergrande Group.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Construction Global Market Report 2022: Market Size, Trends, And Global Forecast 2022 – 2026  is one of a series of new reports from The Business Research Company that provides construction market overviews, analyses and forecasts market size, share, construction market players, construction market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s construction market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Construction Machinery Global Market Report 2021

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