The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Construction Global Market Report 2023, the construction market is expected to show significant growth in the forecast period.

Key insights from the construction market forecast include:

1. Market Size

The global construction market anticipates a 6.6% growth from $14,503.87 billion in 2022 to $15,461.84 billion in 2023, and it’s projected to reach $19,519.26 billion by 2027, with a 6.0% CAGR.

2. Major Driver

Rising construction in emerging markets like China, Brazil, India, Saudi Arabia, and Indonesia will drive the construction market. In China, for example, construction output surged to 25.9% of GDP in 2020 from 6.2% in 2019, fueling market growth.

View More On The Construction Market Report 2023 – https://www.thebusinessresearchcompany.com/report/construction-global-market-report

3. Key Trend

Building firms adopt green methods to boost energy efficiency and cut costs. The World Green Building Trends Survey reports 60% global construction involvement in green projects. Certifications like LEED aid in constructing sustainable buildings, offering tax benefits and marketing advantages. The UK uses eco-friendly materials like natural paints and recycled steel beams. Green practices like cross-ventilation, Construction Suite software, and Green Globes management tool gain popularity. Major companies like Turner Construction Co, Clark Group, AECOM, Hensel Phelps, and Holder Construction employ green techniques.

4. Major Players

Major companies in the 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.

5. Top Market Segments

The global construction market is segmented –

1) By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development

2) By End User: Private, Public

3) By Type of Contractor: Large Contractors, Small Contractors

Request A Sample Of The Global Construction Market Report 2023:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3598&type=smp

The Construction Global Market Report 2023  provides an in-depth analysis on the construction market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Single Family Modular And Prefabricated Housing Construction Global Market Report 2023

3D Printing Building Construction Global Market Report 2023

Buildings Construction Global Market Report 2023

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