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The construction market has demonstrated robust growth, increasing from $15192.71 billion in 2023 to $15971.45 billion in 2024, with a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period is attributed to increasing infrastructure development, a surge in renovation activities, rapid growth in the elderly population, and an uptick in domestic manufacturing. Projected for 2028, the market is expected to sustain strong growth, reaching $19856.65 billion with a CAGR of 5.6%. Anticipated factors contributing to this growth include rising urbanization, increasing population growth, growing government support, rising industrialization, and the development of smart cities. Major trends in the forecast period encompass automated construction equipment, construction equipment vehicles, the development of high-performance equipment, integration of digital platforms and innovative solutions, introduction of artificial intelligence (AI) and machine learning, strategic collaborations and partnerships, launch of innovation networks, introduction of fully electric construction equipment, technological innovations, and new lot development in suburban areas.

The construction market is experiencing significant growth, primarily driven by the rapid expansion of construction activity worldwide. Emerging markets such as China, Brazil, India, Saudi Arabia, and Indonesia have witnessed robust construction activity, stimulating the demand for construction services and materials. In February 2023, the Office for National Statistics reported a 5.6% annual increase in construction output in the UK for 2022, following a record increase of 12.8% in 2021. This surge in construction activity contributes to the overall growth of the construction market, with anticipated market sizes of $X billion in 2023, $Y billion in 2024, and $Z billion by 2028.

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What Are The Key Trends That Influence Construction Market Share Analysis?

The construction industry is increasingly adopting green construction techniques to build energy-efficient structures and reduce costs. Green construction involves using sustainable materials and processes to create buildings with minimal environmental impact. The World Green Building Trends Survey reports that about 60% of global construction firms are engaged in green projects. Certifications like LEED help companies develop high-performance, sustainable buildings. In the UK, sustainable materials such as natural paints and recycled steel beams are popular, along with techniques like cross-ventilation and green construction software such as Construction Suite and Green Globes. Major companies in green construction include Turner Construction Co, Clark Group, AECOM, Hensel Phelps, and Holder Construction.

Which Market Players Are Driving Growth In The Construction Market?

Major companies operating in the construction market report are China State Construction Engineering Co., Ltd, China Railway Group Ltd, China Railway Construction Corporation Limited, China Communications Construction Group Ltd, Vinci S.A., Grupo ACS, Lennar Corporation, D.R. Horton, Inc., Bouygues S.A., Power Construction Corp. Of China, CIMIC Group, Shimizu Corporation, Lendlease Group, CapitaLand Limited, L&T Engineering & Construction Division, Tata Projects Ltd, Hindustan Construction Company, Yunnan Zhiling Construction Engineering Co., Ltd., Zhejiang Yijian Construction Group Co, Zeppelin GmbH, SGS, Interconstruct, Etex, Anker Hansen & Co. A/S, Christiansen & Essenbæk A/S, C.C. Contractor A/S, EKE-Construction Ltd, Colas Group, Eiffage Construction, Bauer Group, Bennett Construction Limited, Collen Construction Limited, Casais Group, Balfour Beatty, Laing O’ Rourke, Interserve, Morgan Sindall, Kier, Altaca Group, Renaissance Construction, ALFA Engineering & Construction Co, Budimex Group, STRABAG International GmbH, BeautyWalls LLC, SC Geamuri Serv SRL, Octagon Contracting & Engineering SA, PCL Construction, EllisDon Corporation, Aecon Group Incorporated, Ledcor Group of Companies, Graham Construction, Pomerleau Incorporated, Bird Construction Incorporated, Empresas ICA, Bechtel, Fluor Corporation, Turner Corporation, Skanska USA, Kiewit Corporation, Jacobs Engineering Group, Oderbrecht, Camargo Corrêa, Andrade Gutierrez, Queiroz Galvão, MRV Engenharia, SalfaCorp, Mourik General Contractors, McCrory Construction Company, Al Habtoor Group LLC, Al-Naboodah Constructing, Arabian Construction Company, Dutco Balfour Beatty LLC, SHIKUN & BINUI LTD, Mekorot Water Company Ltd, DANYA CEBUS LTD, ASHTROM GROUP LTD, Saudi Bin Ladin Group, Al-Rashid Trading & Contracting Co, Al Ayuni Investment & Contracting Co, Al Harbi Trading & Contracting Co, Arabian Bemco Contracting Co, Redcon Construction Company, Estim Construction Co. Ltd, Eco-Beam, Ecomo, TSAI design studio

How Is The Global Construction Market Segmented?

The construction market covered in this report is segmented –

1) By Type Of Construction: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development
3) By Type Of Contractor: Large Contractor, Small Contractor
2) By End-Use Sector: Public, Private

Sub segments: Residential Building Construction, Non-Residential Building Construction, Single-Family Housing Construction (Individual Houses), Multifamily Housing Construction (Apartments), New Housing For-Sale Builders, Residential Remodelers, Institutional Buildings, Commercial Buildings, Education Buildings, Public Convenience Buildings, Government Buildings, Religious Buildings, Healthcare Buildings, Office And Factory Buildings, Hospitality And Restaurant Buildings, Entertainment And Sports Buildings, Retail And Other Commercial Buildings, Office Buildings, Factory Buildings, Hospitality Buildings, Restaurant Buildings, Entertainment Buildings, Sports Buildings, Retail Buildings, Other Commercial Buildings, Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction, Water And Sewer Line And Related Structures Construction, Oil And Gas Pipeline And Related Structures Construction, Power And Communication Line And Related Structures Construction, Water Well Drilling Contractors, Sewer Construction, Water Main And Plant Construction, Roads And Highways, Bridges And Tunnels, Other Highway, Street, And Bridge Construction, Roads, Highways, Bridges, Tunnels, Marine Construction And Port Construction, Rail Road Construction, Sea Wall Construction, All Other Heavy And Civil Engineering Construction, Marine Construction, Port Construction, New Rail Road Track Construction, Rail Road Track Repair And Maintenance, Foundation, Structure, And Building Exterior Contractors, Building Equipment Contractors, Building Finishing Contractors, Other Specialty Trade Contractors, Excavation And Demolition, Roofing, Concrete Work, Water Well Drilling, Electrical Contractors And Other Wiring Installation Contractors, Plumbing, Heating And Air-Conditioning Contractors, Other Building Equipment Contractors, Drywall And Insulation Contractors, Painting And Wall Covering Contractors, Flooring Contractors, Tile And Terrazzo Contractors, Finish Carpentry Contractors, Other Building Finishing Contractors, Site Preparation Contractors, All Other Specialty Trade Contractors, Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development, Houses And Housing Estate Developments, Apartments And Other Residential Developments

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The Construction Global Market Report 2024 provides an overview of the constructionmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The construction market forecast analyzes construction market size, construction market share, leading competitor and their market positions.

The Table Of Content For The Construction Market Include

1. Construction Market Executive Summary
2. Construction Market Segments
3. Construction Market Size And Template Market Growth Rate
4.  Key Construction Market Trends
5. Major Construction Market Drivers
……
25. Key Mergers And Acquisitions In The Construction Market
26. Top Construction Companies
27. Construction Market Opportunities And Strategies
28. Construction Market, Conclusions And Recommendations
29. Appendix

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