Global Construction Market to Grow at a CAGR of 6.50% between 2026 and 2035

The global construction market is being led by regions such as Latin America and the Asia Pacific, which accounted for more than 50% of the world's construction output in 2016. This share is expected to increase to more than 55% by 2021. Construction is referred to as the action of building something, usually a large structure like buildings, bridges, etc. The new emerging trend in the global construction market is the successful implementation and future adantages of the large-scale construction outsourcing model in countries such as the United States. The market is being further driven by the rising government expenditure on planned infrastructure projects.

Skanska AB (STO: SKA-B) and Fluor Corporation (NYSE: FLR) are some of the major key players in the global construction market. In 2020, Skanska AB, a major global development and construction firm, announced the official launch of the company's commercial development in Los Angeles, along with its first acquisition of a commercial development site in Beverly Hills.

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Market Analysis by End-Use and Region:

• The construction market, on the basis of end-use, is divided into commercial, residential, industrial, education and research, and medical and healthcare, among others.
• Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global construction market is driven by the rising population, increasing urbanisation, and the growth in domestic manufacturing.
• The residential and non-residential segment has shown a strong growth, enhancing the market further.
• Globalisation has led to a transformation in the transportation sector, modernizing it, and further aiding the construction market growth.
• The market growth has been augmented by the bilateral trade agreements and assistance from China to increase Chinese investments in Latin America.
• The rise in the infrastructure and government expenditure on the housing sector is propelling the market growth of the construction industry.
• The prevailing manufacturing footprint and increasing foreign investments in India are providing further impetus to the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global construction market for the periods (2019-2025) and (2026-2035).
• The report also offers the historical (2019-2025) and forecast (2026-2035) markets for the end-uses and regional markets of construction.
• It gives an in-depth look at the regional price trends of sheet (HRC) for the periods (2019-2025) and (2026-2035).

Top Players:

Key players in the global construction market

• ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A.
• HOCHTIEF Aktiengesellschaft
• VINCI SA
• China Communications Construction Company Limited
• Bouygues SA
• STRABAG International GmbH
• Power Construction Corporation of China
• China State Construction Engrg. Corp. Ltd.
• Skanska AB
• Ferrovial SE
• Fluor Corporation
• PCL Constructors Inc.
• Eiffage S.A. (Eiffage Construction)
• Bechtel Corporation
• Kiewit Corporation
• Lennar Corporation
• D.R. Horton, Inc.
• CIMIC Group
• Shimizu Corporation
• Lendlease Group
• CapitaLand Limited
• L&T Engineering & Construction Division
• Tata Projects Ltd
• Hindustan Construction Company
• China Railway Engineering Corporation
• Yunnan Zhiling Construction Engineering Co., Ltd.
• Zhejiang Yijian Construction Group Co

The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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