Construction Market To Grow At A Higher Rate

The Business Research Company’s global construction market, covers the year-on-year growth of the global construction historic and forecast growth. It also includes chapters on the chemical’s trends, geographical analysis, and competitive landscape.

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The global construction market is forecast to grow at a CAGR (compound annual growth rate) of around 9 % to 2022.

Construction Market Trends:

3D printing in heavy and civil engineering construction, prefabrication of heavy construction projects and building information modelling (BIM) to improve productivity are the major trends witnessed in the global construction market.

Economic growth coupled with an increase in global urbanization is expected to increase the demand for new residential and commercial buildings. Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam and the Philippines which are becoming increasing popular for export-oriented manufacturing

The global construction is primarily driven by increase in urbanization, global construction mergers and acquisitions and economic growth.

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The global construction market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With emergence of new infrastructure projects, and growing population the global construction market is expected to increase in potential and scope. TBRC’s report also covers the global construction market report drivers and restraints in the market.

The global construction market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global construction report are China State Construction Engineering Co Ltd, China Railway Group Ltd, China Railway Construction Corporation Limited, China Communications Construction Group Ltd, and Vinci SA

The global construction market is further segmented based on type and geography.

By Type - The construction market is segmented into building construction, heavy and civil engineering, construction, specialty construction contractors and land planning and development among these segments, the building construction, heavy and civil engineering, construction market accounts for the largest share in the global construction market.

By Geography - The global construction is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific construction market accounts the largest share in the global construction market.

The construction market consists of the sales revenues earned by entities (organizations, sole traders and partnerships) that construct buildings or engineering projects (e.g., highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs.

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