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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 (NYSE: FLR), 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 (2017-2021)
8.3 Global Construction Market Forecast (2022-2027)
8.4 Global Construction Market by End Use
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.4.4 Education and Research
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.4.5 Medical and Health
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.5 Global Construction Market by Region
8.5.1 Market Share
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
184.108.40.206 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
220.127.116.11 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
18.104.22.168 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 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 (NYSE: FLR)
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
11.2.2 Skanska AB
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
11.2.3 PCL Constructors Inc.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
11.2.4 GS E&C Corp.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
11.2.5 CIMIC Group Limited
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
11.2.6 Obayashi Corporation
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 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 Trillion), 2017-2021
3. Global Construction Market Forecast: Breakup by End Use (USD Trillion), 2022-2027
4. Global Construction Historical Market: Breakup by Region (USD Trillion), 2017-2021
5. Global Construction Market Forecast: Breakup by Region (USD Trillion), 2022-2027
6. North America Construction Historical Market: Breakup by Country (USD Trillion), 2017-2021
7. North America Construction Market Forecast: Breakup by Country (USD Trillion), 2022-2027
8. Europe Construction Historical Market: Breakup by Country (USD Trillion), 2017-2021
9. Europe Construction Market Forecast: Breakup by Country (USD Trillion), 2022-2027
10. Asia Pacific Construction Historical Market: Breakup by Country (USD Trillion), 2017-2021
11. Asia Pacific Construction Market Forecast: Breakup by Country (USD Trillion), 2022-2027
12. Latin America Construction Historical Market: Breakup by Country (USD Trillion), 2017-2021
13. Latin America Construction Market Forecast: Breakup by Country (USD Trillion), 2022-2027
14. Middle East and Africa Construction Historical Market: Breakup by Country (USD Trillion), 2017-2021
15. Middle East and Africa Construction Market Forecast: Breakup by Country (USD Trillion), 2022-2027
16. Global Construction Market Structure
In 2020, the global construction market attained a value of nearly USD 11.7 trillion.
The market is projected to grow at a CAGR of 3.5% between 2021 and 2026.
Major drivers include the growing global population, rapid urbanisation, rising disposable incomes, increasing modernisation of transportation infrastructure, increasing private sector investments, increased investment in construction activities, and growing housing demand.
Growing expenditure on infrastructure projects by the government and the rise in domestic manufacturing are the key factors leading the industry’s growth.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific with Latin America, and Asia Pacific accounting for the largest share in the market.
Commercial, residential, industry, education and research, and medical and health, among others are the end-uses of the industry.
The major players in the industry are Fluor Corporation, Skanska AB, PCL Constructors Inc., GS E&C Corp., CIMIC Group Limited, and Obayashi Corporation, among others.
The global construction market attained a value of USD 11.7 trillion in 2020, driven by growing expenditure on infrastructure projects by the government. Aided by the rapid urbanisation and increasing modernisation of transportation infrastructure , the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on end uses, the global construction market can be segmented into commercial, residential, industry, education and research, and medical and health, among others. The major regional markets for the global construction are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific, with Latin America, and Asia Pacific accounting for the largest share of the market. The key players in the above market include Fluor Corporation, Skanska AB, PCL Constructors Inc., GS E&C Corp., CIMIC Group Limited, and Obayashi Corporation, among others.
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 market insights that are accurate, actionable, and help them remain ahead of their competition.
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