Global Construction Market Size, Forecasts, And Opportunities – Includes Construction Market Share
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.
The construction market size is expected to grow from $13.57 trillion in 2021 to $22.87 trillion in 2026 at a rate of 9.8%. The global construction market size is then expected to grow at a CAGR of 11.5% from 2026 and reach $39.35 trillion in 2031.
Rapid growth in investments in renewable power generation capacities is expected to drive the construction market in the forecast period.
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The construction market consists of the sales revenues earned by entities (organizations, sole traders and partnerships) that construct buildings or engineering projects (for example, 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 of Construction: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development
By End User Sector: Public, Private
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, accounting for 42.2% of the global 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.
Major Market Players: China State Construction Engineering Co Ltd, China Railway Group Ltd, China Railway Construction Corporation Limited, Vinci S.A, Grupo ACS
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 (2016-21) and ten years forecast (2022-2026-2031)
The Construction Market Report 2022 is one of a series of new reports from The Business Research Company that provides construction market overviews, analyzes 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.
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