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Construction Market to Witness Massive Growth by 2028

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Construction Market to Witness Massive Growth by 2028

August 13
00:27 2021
Construction Market to Witness Massive Growth by 2028
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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.

The research report on the Global Construction Market is formulated with insightful data that will help the established companies and new entrants to analyze the business trends and capitalize on investment strategies.The Construction market is analyzed with an aim to provide assistance to the readers to gain maximum returns on the investment and to enable an informed decision-making process.The report is furnished with the latest updates about the current market scenario with regards to the COVID-19 pandemic.The report considers COVID-19 as a key contributor to the dynamically altered market scenario.The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.

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.

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Some Key Highlights From the Report

  • Land planning and development segment revenue is expected to expand at a significantly robust CAGR during the forecast period. Increasing demand for optimal utilization of available resources along with need to contemplate future condition of the property are expected to boost revenue growth of this segment going ahead.
  • Factors such as increasing population as well as robust presence of major players in Asia Pacific is expected to drive growth of the construction market in the region during the forecast period.
  • Major players in the market include 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.
  • In April 2021, Samsung C&T Corporation got the USD 1.60 billion construction contract of terminal 3 in Taoyuan airport in Taiwan. This is a complex construction project due to the large construction size of the airport, reiterates Samsung C&T Corporation’s aim of being the top airport construction company in the world. This also opens doors to other construction companies in airport construction and is expected to evolve as a highly lucrative market moving forward.

Emergen Research has segmented the construction market on the basis of type, building, construction machinery, end-use and region:

  • Type Outlook (Revenue, USD Billion; 2018–2028)
    • Building Construction
    • Heavy and Civil Engineering Construction
    • Specialty Trade Contractors
    • Land Planning and Development
  • Building Outlook (Revenue, USD Billion; 2018–2028)
    • Residential Building
    • Non-residential Building
  • Construction Machinery Outlook (Revenue, USD Billion; 2018–2028)
    • Earth Moving Machinery
    • Material Handling Machinery
    • Concrete & Road Construction Machinery
  • End-Use Outlook (Revenue, USD Billion; 2018–2028)
    • Housing
    • Healthcare
    • Industrial
    • Infrastructure
    • Commercial
    • Educational

The market is spread across several key geographical regions, and the report covers the regional analysis as well as the production, consumption, revenue, and market share in those regions for the forecast period of 2021-2028. The regions include North America, Latin America, Europe, AsiaPacific, and Middle East and Africa.

Comprehensive Regional Analysis Covers the Following Regions:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • AsiaPacific (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)

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Key Coverage of the Construction Market:

  • Insightful information regarding the global Construction market
  • Identification of growth in various segments and sub-segments of the Construction market
  • Strategic recommendations for investment opportunities
  • The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
  • Emerging trends and current market segment analysis to help investors formulate new business strategies
  • Accelerates the decision-making process through the availability of the drivers and limitations

Table of Content

Chapter 1.    Methodology & Sources
1.1.    Market Definition
1.2.    Research Scope  
1.3.    Methodology
1.4.    Research Sources
1.4.1.    Primary
1.4.2.    Secondary
1.4.3.    Paid Sources
1.5.    Market Estimation Technique
Chapter 2.    Executive Summary
2.1.    Summary Snapshot, 2021–2028
Chapter 3.    Key Insights
Chapter 4.    Construction Market Segmentation & Impact Analysis
4.1.    Construction Market Material Segmentation Analysis
4.2.    Industrial Outlook
4.2.1.    Market indicators analysis
4.2.2.    Market drivers analysis
4.2.2.1.    Rapid urbanization due to growing population
4.2.2.2.    Increasing demand for environment friendly infrastructure
4.2.2.3.    Economic growth in emerging economies
4.2.2.4.    Lowering of interest rates in developing countries
4.2.3.    Market restraints analysis 
4.2.3.1.    Variable raw material costs across countries
4.2.3.2.    Concerns regarding health and working condition of construction laborers
4.3.    Technological Insights 
4.4.    Regulatory Framework
4.5.    Porter’s Five Forces Analysis
4.6.    Competitive Metric Space Analysis
4.7.    Price trend Analysis
4.8.    Covid-19 Impact Analysis
Chapter 5.    Construction Market By Type Insights & Trends, Revenue (USD Billion)
5.1.    Type Dynamics & Market Share, 2021–2028
5.1.1.    Building Construction
5.1.2.    Heavy and Civil Engineering Construction
5.1.3.    Specialty Trade Contractors
5.1.4.    Land Planning and Development

CONTINUED…!!

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Thank you for reading our report. To know more about the report, please connect with us, and our team will ensure the report is customized to meet your requirements.

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