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.

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The report concludes with a panoramic view of the global Construction industry, which comprises the salient global and regional market aspects, supported by key statistical data and industry-verified facts. It thoroughly examines the market size, share, and volume existing throughout the historical years (2018-2019) in order to forecast the same for the projected years (2021-2028). Furthermore, the report studies a wide array of growth prospects and threats and challenges that are poised to influence the performance of the key market players in the near future.

Market Segmentation by Key Player:

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.

Some Key Highlights From the Report

• Increasing demand for large commercial, residential, and infrastructure projects due to rapidly growing economies is expected to foster revenue growth of the material handling machinery segment. Growing automation of material handling machinery with an aim to control these remotely is a key factor expected to augment revenue growth of the material handling machinery segment in construction market during the forecast period.
• 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.
• 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.

Construction Market Segmentation:

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

Key geographical regions analyzed in the report:

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)

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Key points covered in the report:

• The report provides the reader with a detailed study of the global Construction market, including essential data beneficial for business.
• The prominent factors driving and restraining market growth, latest product trends, and technological advancements have been extensively discussed by the authors of the report.
• A broad market categorization, based on product type, application gamut, and end-user landscape, has been included in the report.
• It further entails the latest product development, incorporation of new techniques, and profiles of major competitors in the market.

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

Chapter 6.    Construction Market By Building Insights & Trends, Revenue (USD Billion)
6.1.    Building Dynamics & Market Share, 2021–2028
6.1.1.    Residential Building
6.1.2.    Non-residential Building

READ MORE…!

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