The global construction industry includes preparation of construction land, alteration, and repairing of residential, commercial and industrial as well as civil engineering works. Factors that were driving the construction industry before pandemic COVID-19 include continuous growth in the economy of the emerging countries, rising investors’ confidence in the infrastructure sector and significant investment by the government in transport, energy and housing projects. Besides, the rising disposable income of the people was also augmenting the demand for well-constructed residential buildings in the emerging economies.
A full report description of Global Construction Market at https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-global-construction-industry
However, after the COVID-19 pandemic, one of the most affected sectors all across the globe is building & construction. Multiple countries have been lockdown and most of the construction activities have been halted until the eradication of the virus. Due to this, millions of temporary workers have lost their jobs in the construction industry. Besides, the effect of COVID-19 will be witnessed in the long term in the construction industry. Due to coronavirus, governments all across the globe are providing billions as relief packages, which results in increasing the debt of the respective countries. In the future, those countries can compromise with their infrastructure development projects by allocating fewer funds to balance their debt.
Request a Free Report on Sample of Global Construction Market at @ https://www.omrglobal.com/request-sample/impact-of-covid-19-on-global-construction-industry
Global Construction Market Segmentation
• Residential Building
• Commercial Buildings
• Heavy and Civil Engineering Construction
• Other (Site preparation)
• United States
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• ACS (Actividades de Construcción y Servicios) S.A
• Bechtel Corp.
• Bouygues S.A.
• China Communications Construction Co., Ltd.
• Hochtief AG
• Larsen & Toubro Ltd.
• Obayashi Corp.
• Power Construction Corporation of China, Ltd.
• Shanghai Construction Group Co., Ltd.
• Skanska AB
• STRABAG SE
• VINCI SA
• The China State Construction Engineering Corp.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-on-global-construction-industry
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
For More Information, Visit https://www.omrglobal.com
Company Name: Orion Market Research
Contact Person: Mr. AnuragTiwari
Email: [email protected]
Contact no: +1 646-755-7667, +91 780-304-0404