Take up Global Construction Market Opportunities with clear Industry Data – Includes Construction Industry
The Business Research Company’s report goes into great detail on the construction market size and growth, construction market regional analysis, construction market competitive landscape, and other critical information needed to excel in the construction industry.
Major players in the construction market include China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co., Ltd., China Evergrande Group.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
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%.
Asia Pacific was the largest region in the construction market in 2021.
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.
The increasing construction activities in emerging markets is expected to propel the growth of the construction market over coming years.
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 global construction market report is segmented:
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
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 an overview of the construction market globally and regionally, analyzes and forecasts market size, share, construction market players, construction market segments, leading competitor revenues, profiles and market shares.
Here is a list of similar reports from The Business Research Company:
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