Construction Market Size, Share, Growth & Forecast 2031
Construction Market Size, Share, Growth & Forecast 2031
Segments - Construction Market by Types (Land Planning & Development, Heavy & Civil Engineering Construction, Specialty Trade Contractors, and Building Construction), End-users (Private and Public), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
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| Report ID :CM-4028
| 4.3 Rating
| 77 Reviews
| 165 Pages
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Report Description
The global construction market size was valued at USD 12,633.9 billion in 2021 and is anticipated to expand at a CAGR of 6.2% during the forecast period, 2022–2030. The growth of the market is attributed to technological development and convenient infrastructure.
Construction includes maintenance, repairs, additions, and new work for organizations and sole traders. The construction market includes services such as subdividing land for sale as building sites and preparing sites for new enterprises. The construction of roadways is essential to the operation structures and services such as transportation and travelling. The construction division consists of renovating existing residential structures and specialized building equipment such as escalators, elevators, and service station equipment. The construction business gave rise to employment such as an interior designer, a construction manager, a contractor, and advisors. The design of the building should be convenient and appropriate for use, and financially possible to build. The financial structure must be sufficient to construct the design suggested by the client and to pay all legally owed amounts. The new surge of antibacterial construction provides protection against microbes and bacteria. Antibacterial technology is used for maintaining floors & carpets, wiring accessories, wall coverings, and door handles.
The COVID-19 pandemic negatively affected various industries, due to the social distancing norms and lockdown imposed by governments. The pandemic caused great damage to the value chain at all scale and levels. Many construction projects are cancelled and postponed, as lockdowns were imposed, which had a negative impact on small and medium businesses. People returned to workplace and businesses and adapted the hybrid working environment recently. Therefore, the need for commercial real estate sub-sector is increasing, as companies need convenient space for their employees.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing automation in public space is anticipated to drive the market during the forecast period.
- Rising investments in renewable energy infrastructure boost the market.
- Increasing awareness about antibacterial construction materials is expected to propel the market.
- Volatile prices of raw materials used in different types of construction is expected to hinder the market in the coming years.
- Construction involves working at heights and close contact with hazardous substances. Hence, labor safety and health issues are estimated to hinder the market expansion.
- Use of digital technology and autonomous construction vehicles are expected to create lucrative opportunities for key market players.
Scope of the Report
The report on the global construction market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Construction Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2021 |
|
Historic Data |
2019–2020 |
|
Forecast Period |
2022–2030 |
|
Segmentation |
Types (Land Planning & Development, Heavy & Civil Engineering Construction, Specialty Trade Contractors, and Building Construction), and End-users (Private and Public) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Bechtel Corporation; AI Habtoor Group LLC; Larsen & Toubro Ltd.; PCL Construction Enterprises; Skanska Construction; and Balfour Beatty |
Market Segment Insights
Land planning & development segment to expand at a considerable CAGR
On the basis of types, the construction market is segmented into land planning & development, heavy & civil engineering construction, specialty trade contractors, and building construction. The land planning & development segment is projected to expand at a considerable CAGR during the forecast period, due to increasing awareness of optimal utilization of environmental guidelines for the construction projects and operations. The building construction segment is anticipated to account for a major market share during the forecast period, owing to rising per capita income in developing countries.
Public segment to hold a significant share of the market
In terms of end-users, the market is divided into private and public. The public segment is expected to hold a significant share of the market in the coming years, due to rapid urbanization in developing countries and increasing number of people looking for their own residential properties. The private segment accounts for a significant market share, owing to increasing technological investments in advanced commercial projects. In some developing economies, governments try to attract foreign direct investments for the private industry expansion.
Asia Pacific is anticipated to constitute a key market share
In terms of regions, the construction market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period, owing to the presence of key market players in the region. Growing population and construction projects in Asia Pacific is expected to boost the market in the coming years. The market in Europe is anticipated to expand at a rapid pace during the forecast period, due to increasing renovation and reconstruction of residential infrastructure.
Segments
The global construction market has been segmented on the basis of
Types- Land Planning & Development
- Heavy & Civil Engineering Construction
- Specialty Trade Contractors
- Building Construction
- Private
- Public
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Bechtel Corporation
- AI Habtoor Group LLC
- Larsen & Toubro Ltd.
- PCL Construction Enterprises
- Skanska Construction
- Balfour Beatty
Competitive Landscape
Key players competing in the global construction market are Bechtel Corporation; AI Habtoor Group LLC; Larsen & Toubro Ltd.; PCL Construction Enterprises; Skanska Construction; and Balfour Beatty.
Some prominent players in the market are implementing new technologies and procedures to increase their market revenue share. For instance,
- BioCote develops antibacterial construction materials, which have been shown to survive longer than their conventional counterparts. These materials also reduce the risk of cross contamination.
- TATA Projects Limited and Indian Hotels Company collaborated for the construction of Ginger hotel in Mumbai. It is constructed by an all-women engineering team over the course of 19 months. The construction process involves advanced technologies and techniques.
Frequently Asked Questions
The global construction market size was valued at USD 12.633.9 billion in 2021.
The prominent key players of global construction market are Bechtel Corporation; AI Habtoor Group LLC; Larsen & Toubro Ltd.; PCL Construction Enterprises; and Skanska Construction.
The global construction market is anticipated to expand at a CAGR of 6.2% during the forecast period, 2022–2030.
Rising investments in renewable energy infrastructure and increasing awareness about antibacterial construction materials are expected to propel the market.
Volatile prices of raw materials used in different types of construction and labour safety and health issues are estimated to hinder the market expansion.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Construction Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Construction Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Construction Market - Supply Chain
4.5. Global Construction Market Forecast
4.5.1. Construction Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Construction Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Construction Market Absolute $ Opportunity
5. Global Construction Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Construction Market Size and Volume Forecast by Types
5.3.1. Land Planning & Development
5.3.2. Heavy & Civil Engineering Construction
5.3.3. Specialty Trade Contractors
5.3.4. Building Construction
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Construction Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Construction Market Size and Volume Forecast by End Users
6.3.1. Private
6.3.2. Public
6.3.3.
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Construction Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Construction Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Construction Demand Share Forecast, 2019-2026
8. North America Construction Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Construction Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Construction Market Size and Volume Forecast by Types
8.4.1. Land Planning & Development
8.4.2. Heavy & Civil Engineering Construction
8.4.3. Specialty Trade Contractors
8.4.4. Building Construction
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Construction Market Size and Volume Forecast by End Users
8.7.1. Private
8.7.2. Public
8.7.3.
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Construction Demand Share Forecast, 2019-2026
9. Latin America Construction Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Construction Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Construction Market Size and Volume Forecast by Types
9.4.1. Land Planning & Development
9.4.2. Heavy & Civil Engineering Construction
9.4.3. Specialty Trade Contractors
9.4.4. Building Construction
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Construction Market Size and Volume Forecast by End Users
9.7.1. Private
9.7.2. Public
9.7.3.
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Construction Demand Share Forecast, 2019-2026
10. Europe Construction Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Construction Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Construction Market Size and Volume Forecast by Types
10.4.1. Land Planning & Development
10.4.2. Heavy & Civil Engineering Construction
10.4.3. Specialty Trade Contractors
10.4.4. Building Construction
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Construction Market Size and Volume Forecast by End Users
10.7.1. Private
10.7.2. Public
10.7.3.
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Construction Demand Share Forecast, 2019-2026
11. Asia Pacific Construction Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Construction Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Construction Market Size and Volume Forecast by Types
11.4.1. Land Planning & Development
11.4.2. Heavy & Civil Engineering Construction
11.4.3. Specialty Trade Contractors
11.4.4. Building Construction
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Construction Market Size and Volume Forecast by End Users
11.7.1. Private
11.7.2. Public
11.7.3.
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Construction Demand Share Forecast, 2019-2026
12. Middle East & Africa Construction Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Construction Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Construction Market Size and Volume Forecast by Types
12.4.1. Land Planning & Development
12.4.2. Heavy & Civil Engineering Construction
12.4.3. Specialty Trade Contractors
12.4.4. Building Construction
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Construction Market Size and Volume Forecast by End Users
12.7.1. Private
12.7.2. Public
12.7.3.
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Construction Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Construction Market: Market Share Analysis
13.2. Construction Distributors and Customers
13.3. Construction Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Bechtel Corporation
13.4.2. AI Habtoor Group LLC
13.4.3. Larsen & Toubro Ltd.
13.4.4. PCL Construction Enterprises
13.4.5. Skanska Construction
13.4.6. Balfour Beatty
Methodology
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