Examining Construction Market Growth and Size for Strategic Decision-Making
Global construction market size reached USD 12,639.41 Billion in 2020 and is expected to register a CAGR of 7.4% during the forecast period, according to latest analysis by Emergen Research. Rapid urbanization with increasing global population is expected to continue to drive construction market revenue growth to a significant extent during the forecast period. This steady revenue growth can be attributed to increasing population in Asia Pacific in countries such as India and China among others and rising need for residential and commercial infrastructure and projects. Growing demand for more environment-friendly homes with a lower carbon footprint along with open green spaces is expected to augment growth of the global construction market going forward. Rising awareness among investors regarding environmental protection is driving focus on construction materials and designs of homes that are more ecologically viable. Global construction market is growing rapidly with young working demography aspiring to own homes. Increasing government expenditure and investment to improve domestic infrastructure and for sustaining economic growth is driving growth of the construction market, especially in developing countries.
This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and boost sales.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Construction market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
China State Construction Engineering Co., Ltd., Al Habtoor Group LLC, Larsen & Toubro Ltd., Bauer Group Ltd., China Communications Construction Group Ltd., Skanska AB, Vinci SA, Actividades de Construcción Y Servicios SA, Bechtel Corporation, and Samsung C&T Corporation
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Emergen Research has segmented the global Construction market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
- Type Outlook (Revenue, USD Billion; 2018–2028)Building ConstructionHeavy and Civil Engineering ConstructionSpecialty Trade ContractorsLand Planning & Development
- Building Outlook (Revenue, USD Billion; 2018–2028)Residential BuildingNon-residential Building
- Construction Machinery Outlook (Revenue, USD Billion; 2018–2028)Earth Moving MachineryMaterial Handling MachineryConcrete & Road Construction Machinery
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Construction Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Construction Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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The construction market's growth and size play a crucial role in making informed strategic decisions, especially for double-storey home builders like Innova Homes in Doonside, NSW. As demand increases, staying updated on market trends allows us to offer innovative designs and efficient project management. Our focus remains on delivering quality, cost-effective solutions that meet the evolving needs of homeowners. With the right insights, we can continue to enhance our services and maintain a competitive edge in the construction industry.
The construction market's growth and size play a crucial role in making informed strategic decisions, especially for double-storey home builders like Innova Homes in Doonside, NSW. As demand increases, staying updated on market trends allows us to offer innovative designs and efficient project management. Our focus remains on delivering quality, cost-effective solutions that meet the evolving needs of homeowners. With the right insights, we can continue to enhance our services and maintain a competitive edge in the construction industry.
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