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The global construction market reached a value of nearly USD 11.7 trillion in the year 2020. The industry is further estimated to grow at a CAGR of 3.5% between 2021 and 2026 to reach a value of almost USD 14.4 trillion by 2026.
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The global construction market is driven by the rising government spending on planned infrastructure projects. In 2016, Latin America and the Asia Pacific accounted for more than half of the world’s construction output. The two regions are expected to hold a share of more than 55% by 2021. Countries such as India, the United States, and China are expected to account for a 50% share in the projected incremental construction spending. The successful implementation and potential benefits of the construction outsourcing model on a large-scale in the United States is an emerging trend in the region. The global construction sector is aided by the reduction in time enabled by the usage of technologies such as BIM (3D & 4D), laser scanning, 3D printing, and smart building systems.
Europe was the largest construction market by value in 2020 after the Asia Pacific region. In Europe, countries such as the United Kingdom, Germany, France, and Italy are driving the market growth due to their economies stabilizing, which are creating greater employment opportunities in the region. The rising need for the modernization of ageing infrastructure and the growing housing demand in the United Kingdom are strengthening the industry growth. However, Brexit is expected to impact the Europe construction market significantly. Currently, the United Kingdom exports most of its total building materials exports to European countries. It also imports a significant percentage of the complete construction building materials from other European countries.
Construction refers to the act of creating commercial, institutional, or residential infrastructures like bridges, buildings, roads, and other structures. Based on end-use, the construction industry can be divided into:
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The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global construction market is driven by the growing population, increasing urbanisation, and the rise in domestic manufacturing. The residential segment is exhibiting a strong growth, primarily in the single-family construction segment. The non-residential buildings sector has also shown a growth in the historical period, thus, further enhancing the growth of the global construction market. The increasing modernisation of transportation infrastructure is also aiding market growth. Infrastructure related to sporting events is propelling the market forward. Bilateral trade agreements and support by China in the form of increasing Chinese investments in Latin America are augmenting the growth of the industry.
An increase in the infrastructure and housing spending by governments across the globe is invigorating the market growth for construction. Increasing private sector investments in construction is further aiding the growth of the industry. Expanding manufacturing footprint and rising foreign investments in India are also enhancing the construction market growth. In developed regions, such as North America, active non-residential construction activities, such as education, healthcare, and industrial facilities, will be the key drivers for the industry growth in the coming years. The increasing demand for consumer-oriented construction will drive the construction market in the forecast period. In South America, Argentina and Colombia are expected to drive the market aided by the rising demand from the industrial and manufacturing construction sectors.
The rising disposable income is likely to drive construction demand in the forecast period. The global construction industry is further propelled forward by the significant growth in the construction sector in emerging markets, such as India, China, Vietnam, Australia, and Indonesia. Increased investment in construction activities across various industries is providing further impetus for the construction market growth. Different technologies such as DataCAD, CADKEY, ArchiCAD, ConSteel, REVIT, NavisWorks, StruCad and Nemetschek, Corel Draw, and Bentley Systems, among others, are being increasingly used in the global construction market, which saves on time and costs during the entire process of construction, thus, further pushing the growth of the industry.
September 2018- Fluor Corporation (NYSE: FLR) completed the construction of Solvay’s high-performance adhesives manufacturing facility in Wrexham, Wales.
The report gives a detailed analysis of the following key players in the global transformer oils market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Region|
|Breakup by End Use||Commercial, Residential, Industry, Education and Research, Medical and Health, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Fluor Corporation, Skanska AB, PCL Constructors Inc., GS E&C Corp., CIMIC Group Limited, Obayashi Corporation, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Construction Market Analysis
8.1 Key Industry Highlights
8.2 Global Construction Historical Market (2016-2020)
8.3 Global Construction Market Forecast (2021-2026)
8.4 Global Construction Market by End Use
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2016-2020)
220.127.116.11 Forecast Trend (2021-2026)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
8.4.4 Education and Research
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2016-2020)
220.127.116.11 Forecast Trend (2021-2026)
8.4.5 Medical and Health
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
8.5 Global Construction Market by Region
8.5.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
22.214.171.124 United States of America
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Fluor Corporation
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.2 Skanska AB
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.3 PCL Constructors Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.4 GS E&C Corp.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.5 CIMIC Group Limited
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.6 Obayashi Corporation
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12 Industry Events and Developments
List of Figures and Tables
1. Global Construction Market: Key Industry Highlights, 2016 and 2026
2. Global Construction Historical Market: Breakup by End Use (USD Million), 2016-2020
3. Global Construction Market Forecast: Breakup by End Use (USD Million), 2021-2026
4. Global Construction Historical Market: Breakup by Region (USD Million), 2016-2020
5. Global Construction Market Forecast: Breakup by Region (USD Million), 2021-2026
6. North America Construction Historical Market: Breakup by Country (USD Million), 2016-2020
7. North America Construction Market Forecast: Breakup by Country (USD Million), 2021-2026
8. Europe Construction Historical Market: Breakup by Country (USD Million), 2016-2020
9. Europe Construction Market Forecast: Breakup by Country (USD Million), 2021-2026
10. Asia Pacific Construction Historical Market: Breakup by Country (USD Million), 2016-2020
11. Asia Pacific Construction Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Latin America Construction Historical Market: Breakup by Country (USD Million), 2016-2020
13. Latin America Construction Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Middle East and Africa Construction Historical Market: Breakup by Country (USD Million), 2016-2020
15. Middle East and Africa Construction Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Global Construction Market Structure
The global construction market attained a value of nearly USD 11.7 trillion in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3.5%. The market is projected to reach a value of almost USD 14.4 trillion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on the end-user segment, the construction market can be segmented into commercial, residential, industry, education and research, and medical and health, among others. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the construction market, with the Asia Pacific accounting for the majority of the market share. The key players in the above industry are Skanska AB, Fluor Corporation, STRABAG International GmbH, Vinci, PCL Constructors Inc., Consolidated Contractors Company, GS E&C Corp., CIMIC Group Limited, Obayashi Corporation, and McConnell Dowell Corporation Limited, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, rising single family constructions, growing residential infrastructure planned by governments, rising FDI flows in countries like India, and growth in industrial and manufacturing infrastructure are driving the growth of the construction market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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