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Rapid growth in investments in renewable power generation capacities is expected to drive the construction in the forecast period, as per The Business Research Company’s construction market opportunities and strategies report.

The construction market 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.

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Major players in the construction market include China State Construction Engineering Co Ltd, China Railway Group Ltd, China Railway Construction Corporation Limited, Vinci S.A, Grupo ACS.

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.

The Global Construction Market Is Segmented:

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

TBRC’s Construction Market Report Covers:

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 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough construction market research, analyzes and forecasts construction market size, construction market share, construction market players, construction market trends, construction market segmentation 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.

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.

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