Global Construction Market 2024-2028
Construction Market 2024-2028
The construction market is forecasted to grow by USD 1179.2 bn during 2023-2028, accelerating at a CAGR of 5.31% during the forecast period. The report on the construction market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased investment in infrastructure, expanding manufacturing and distribution facilities, and increasing focus on building earthquake-resilient buildings.
Technavio's construction market is segmented as below:
By Type
- Buildings construction
- Heavy and civil engineering construction
- Land planning and development
- Specialty trade contractors
By End-user
- Private sector
- Public sector
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the emergence of smart cities as one of the prime reasons driving the construction market growth during the next few years. Also, adoption of dry construction techniques and development of green buildings will lead to sizable demand in the market.
The report on the construction market covers the following areas:
- Construction market sizing
- Construction market forecast
- Construction market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading construction market vendors that include ACS Actividades de Construccion Y Servicios SA, Al Habtoor Group LLC, BAUER AG, Bechtel Corp., Bennett Construction Ltd., China Railway Group Ltd., China State Construction Engrg. Corp. Ltd., Christiansen and Essenbaek AS, Colas SA, Eiffage, EKE Group, Etex NV, Hindustan Construction Co. Ltd, Larsen and Toubro Ltd., Lendlease Corp. Ltd., MCC Group, Shimizu Corp., Skanska AB, Vinci, and ZEPPELIN GmbH. Also, the construction market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.