Global Construction Market Research Report Forecast to 2030


Posted July 22, 2020 by sonikashukla98

The buildings construction market is further segmented by type into residential building construction and nonresidential building construction.
 
Bharat Book Bureau Provides the Trending Market Research Report on “Construction Global Market Opportunities And Strategies to 2030”under Construction Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Global Construction Market Opportunities And Strategies To 2030: COVID 19 Impact And Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global construction market.

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Description:
Where is the largest and fastest growing market for the construction market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global construction market report to 2030: COVID 19 impact and recovery report from the Business Research Company answers all these questions and many more.
The report covers the following chapters
• Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
• Report Structure - This section gives the structure of the report and the information covered in the various sections.
• Introduction - This section gives the segmentation of the construction market by geography and by product type covered in this report.
• Market Characteristics - The market characteristics section of the report defines and explains the construction market. This chapter includes different goods covered in the report and basic definitions.
• Value Chain - The section of the report defines and explains value chain of the construction industry.
• Product/Service Analysis - The product/service analysis section of the report describes the leading products/services in the market along with key features and differentiators for those products.
• Customer Information - This chapter covers recent customers’ trends/preferences in the global construction market.
• Trends And Strategies - This chapter describes the major trends shaping the global construction market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
• PESTEL Analysis - This chapter provides the market opportunity assessment using PESTEL analysis of the global construction market.
• Highest Valued Construction Projects - This section covers the highest valued global construction projects still under construction.
• Impact Of COVID-19 On The Construction Market - This chapter describes the COVID-19 impact on supply side, demand side factors and regulatory inventions. The section also provides brief overview of COVID impact in all the regions.
• Global Market Size And Growth - This section contains the global historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
• Global Macro Comparison - The global construction market comparison with macro-economic factors gives the construction market size, percentage of GDP, and average construction market expenditure.
• Regional Analysis - This section contains the historic (2015-2019), and forecast (2019-2023), (2023-2025), and (2025-2030) market values and growth and market share comparison by region.
• Segmentation - This section contains the market values (2015-2030) and analysis for different segments in the market.
• Regional Market Size and Growth - This section contains the region’s market size (2019), historic and forecast (2015- 2023), (2023-2025), and (2025-2030) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
• Competitive Landscape - This section covers details on the competitive landscape of the global construction market, estimated market shares and company profiles of the leading players.
• Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
• Market Opportunities And Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
• Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
• Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:
The global Construction market is segmented into -
By Construction Type: Buildings Construction; Heavy And Civil Engineering Construction; Specialty Trade Contractors; Land Planning And Development
By Type Of Buildings Construction: Residential Building Construction; Nonresidential Building Construction
By Type Of Heavy And Civil Engineering Construction: Utility System Construction; Highway, Street, And Bridge Construction; Other Heavy And Civil Engineering Construction
By Type Of Specialty Trade Contractors: Building Equipment Contractors; Building Finishing Contractors; Foundation, Structure, And Building Exterior Contractors; Other Specialty Trade Contractors
By Type Of Land Planning And Development: Residential Land Planning And Development; Commercial And Institutional Land Planning And Development; Industrial Land Planning And Development
By End-User Sector: Public; Private
Companies Mentioned: China State Construction Engineering Co., Ltd.; China Railway Group Ltd.; China Railway Construction Corporation Limited.; China Communications Construction Group Ltd.; Vinci S.A.
Countries: China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia, South Korea, Singapore, Thailand, Indonesia, Vietnam, Philippines, Malaysia, New Zealand, Hong Kong, Belgium, Sweden, Austria, Denmark, Netherlands, Norway, Finland, Portugal, Switzerland, Ireland, Poland, Czech Republic, Romania, Canada, Mexico, Argentina, Peru, Venezuela, Colombia, Chile, Saudi Arabia, Turkey, UAE, Israel, South Africa, Egypt, Nigeria
Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This report describes and evaluates the global construction market. It covers 2015 to 2019, termed the historic period, and 2019 to 2023 termed the forecast period, along with further forecasts for the periods 2023-2025 and 2025-2030.

The global construction market reached a value of nearly $12,744.4 billion in 2019, having increased at a compound annual growth rate (CAGR) of 6.1% since 2015. The market is expected to decline from $12,744.4 billion in 2019 to $12,633.9 billion in 2020 at a growth rate of -0.9%. The growth decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7.5% from 2021 ad reach $15,482.0 billion in 2023.

Growth in the historic period resulted from strong economic growth in emerging markets, low interest rates in most developed countries, increasing the demand for elderly friendly infrastructure and technological development. Factors that negatively affected growth in the historic period were geo-political tensions, and rising material costs. Going forward, increasing growth in investments in renewable power generation capacities and Urbanization will drive the growth. Factors that could hinder the growth of the construction market in the future include outbreak of coronavirus disease (COVID-19) and health and safety measures.

The construction market is segmented by type into buildings construction, heavy and civil engineering construction, land planning and development and specialty trade contractors. The buildings construction market was the largest segment of the construction market segmented by type, accounting for 51.7% of the total in 2019. Going forward, the land planning and development segment is expected to be the fastest growing segment in the construction market, at a CAGR of 8.6% during 2019-2023.

The buildings construction market is further segmented by type into residential building construction and nonresidential building construction. The residential building construction market was the largest segment of the buildings construction market segmented by type, accounting for 58.2% of the total in 2019 and going forward, this segment is expected to be the fastest growing segment in the buildings construction market, at a CAGR of 6.0% during 2019-2023.

The heavy and civil engineering construction market is further segmented by type into utility system construction, highway, street, and bridge construction and other heavy and civil engineering construction. The utility system construction market was the largest segment of the heavy and civil engineering construction market segmented by type, accounting for 43.9% of the total in 2019. Going forward, the highway, street, and bridge construction segment is expected to be the fastest growing segment in the heavy and civil engineering construction market, at a CAGR of 4.9% during 2019-2023.

The specialty trade contractors market is further segmented by type into foundation, structure, and building exterior contractors, building equipment contractors, building finishing contractors and other specialty trade contractors. The building equipment contractors market was the largest segment of the specialty trade contractors market segmented by type, accounting for 44.3% of the total in 2019. Going forward, the building finishing contractors segment is expected to be the fastest growing segment in the specialty trade contractors market, at a CAGR of 4.8% during 2019-2023.

The land planning and development market is further segmented by type into residential land planning and development, commercial and institutional land planning and development and industrial land planning and development. The residential land planning and development market was the largest segment of the land planning and development market segmented by type, accounting for 77.9% of the total in 2019 and going forward, this segment is expected to be the fastest growing segment in the land planning and development market, at a CAGR of 8.8% during 2019-2023.

Asia Pacific was the largest region in the global construction market, accounting for 41.0% of the total in 2019. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the construction market will be Middle East, and Asia Pacific, where growth will be at CAGRs of 7.6% and 6.6% respectively. These will be followed by the Easter Europe, and Africa, where the markets are expected to grow at CAGRs of 4.7% and 4.4% respectively.

The construction market is highly fragmented, with a large number of small players. The top ten players constitute about 4.7% of the market. Major players in the market include China State Construction Engineering Co., Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Group Ltd., Vinci S.A. and others

The top opportunities in the construction market segmented by type, will arise in the buildings construction market segment, which will gain $1,637.1 billion of global annual sales by 2023. The top opportunities in the buildings construction market segmented by type will arise in the residential building construction market segment, which will gain $1,011.5 billion of global annual sales by 2023. The top opportunities in the heavy and civil engineering construction market segmented by type will arise in the highway, street, and bridge construction market segment, which will gain $130.0 billion of global annual sales by 2023. The top opportunities in the specialty trade contractors market segmented by type, will arise in the building equipment contractors segment, which will gain $287.9 billion of global annual sales by 2023. The top opportunities in the land planning and development market segmented by type will arise in the residential land planning and development market segment, which will gain $36.9 billion of global annual sales by 2023.

The construction market size will gain the most in China at $ 663.9 billion. Market-trend-based strategies for the construction market include using autonomous construction vehicles, adopting green construction techniques, using digital technologies to improve construction safety, and using advanced building materials. Player-adopted strategies in the construction industry include investing in green building projects, and expanding businesses through strategic partnerships and acquisitions, among other strategies.
Amidst the unprecedented outbreak of corona virus, governments across the world are advising people to stay indoors and practice social distancing, to reduce the spread of the pandemic. This has reduced economic activity across the world, thereby decreasing short-term potential growth opportunities for the construction industry. Construction activity reduced significantly as workers stayed indoors and supply of construction materials was affected. As countries lifted lockdown restrictions, construction activity resumed slowly. Stakeholders in ongoing construction projects are expected to review their agreements and disputes are expected to arise as construction projects generally are time bound projects.

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Last Updated July 22, 2020