Global Construction Markets Report 2022: Huge economic growth in developing countries and low interest rates in number of developed countries drive the sector – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Added the “Construction Market by Construction Type, by Sector – Global Opportunity Analysis and Industry Forecast 2022-2030” report ResearchAndMarkets.com Offer.

Market definition:

Construction market size was estimated at USD 7.28 trillion in 2021 and is expected to reach USD 14.41 trillion by 2030, with a CAGR of 7.3% from 2022 to 2030. Construction refers to the erection, maintenance and repair of buildings or other immovable structures, as well as the construction of roads and public facilities. It also includes structural additions and modifications such as load-bearing walls, beams and exterior walls. Additionally, each type of construction project requires unique planning, financing, design, execution, and execution, as well as repairs, maintenance, and work improvement. The construction market consists of the sales proceeds generated by companies such as retailers, organizations and partnerships that construct buildings and engineering projects, including highways and utility systems.

Market dynamics and trends

Demand for construction is increasing due to tremendous economic growth in developing countries and low interest rates in a number of developed countries. . Factors such as rising private sector investment in construction, technological development and rising disposable income are also likely to drive the growth of the market over the forecast period. Additionally, increased infrastructure and housing spending by governments around the world is stimulating the market growth.

However, volatility in commodity prices and increasing concerns about the health and well-being of workers employed by construction companies at low wages are factors expected to restrain the growth of the market over the forecast period. On the other hand, the increasing demand for infrastructure development through the use of advanced technologies, machinery and equipment for construction in developed countries with the aim of reducing the overall completion time of projects is expected to bring ample growth opportunities for market players in the coming years.

Market Segmentations and Scope of Study:

The DIY store size was segmented by building type, industry and geography. Depending on the type of construction, the market is divided into extensions, renovations and new buildings. Based on sectors, the market is segmented into commercial, residential, industrial, infrastructure, energy and utility construction. The commercial construction segment is further divided into office buildings, retail buildings, hospitality and luxury buildings, restaurants, entertainment, sports facilities and other commercial buildings.

The housing segment is further divided into luxury, mid-range and affordable. The industrial construction segment is further subdivided into production plants, chemical and pharmaceutical plants, metal and material processing plants and other industrial buildings.

The infrastructure construction segment is further subdivided into marine and inland waterway infrastructure and inland transportation infrastructure. The Infrastructure Construction segment is further subdivided into Oil & Gas Infrastructure, Communications Infrastructure, Energy Infrastructure, and Water & Wastewater Infrastructure. The geographic breakdown and analysis of each of the above segments includes regions comprising North America, Europe, Asia Pacific and RoW.

Geographic Analysis

Asia-Pacific holds the lion’s share of the global construction market and is expected to continue to dominate the market during the forecast period. This is attributed to factors such as growing populations and increased construction activity in India, Indonesia, Vietnam, China and Southeast Asian countries. There is also significant growth potential for home improvement players in this region due to advances in technology, regulatory policies and favorable government standards. In addition, the presence of major players such as Tata Projects, L&T, KEC International Limited, China State Construction Engineering Corporation, China Railway Group Limited, Obayashi Corporation and Shapoorji Pallonji Co. Pvt. ltd contribute to the growth of the Asia-Pacific construction market.

In Europe, however, a steady increase in the construction market is expected due to the increasing renovation activities of residential infrastructure in this region. The market is expected to grow significantly due to the increasing demand for consumer-oriented construction and increasing demand from the industrial and manufacturing sectors.

KEY MARKET SEGMENTS:

building type

  • additions

  • refurbishment

  • new buildings

  • sector

commercial building

  • office building

  • retail building

  • Gastronomy and luxury building

  • restaurant

  • entertainment

  • sports facility

  • Other commercial constructions

housing

  • luxury

  • middle class

  • Payable

industrial construction

  • manufacturing facilities

  • Chemical and pharmaceutical facilities

  • Metal and material processing units

  • Other industrial buildings

infrastructure construction

  • Marine and inland water infrastructure

  • infrastructure for domestic transport

Energy and supply construction

  • Oil and gas infrastructure

  • communication infrastructure

  • power infrastructure

  • Water and sewer infrastructure

Main topics covered:

1 Introduction

2. Hardware Store – Summary

3. Market Overview

4. Covid-19 Analysis

5. Global Construction Market by Construction Type

6. Global Construction Market by Sector

7. Global Construction Market by Regions

8. Company Profiles

companies mentioned

  • China State Construction Engineering Corp

  • China Railway Group Limited

  • Vinci S.A

  • China Railway Construction Corporation Limited

  • Metallurgical Corporation of China Limited

  • Group ACS

  • Bouygues SA

  • Skanska AB

  • Obayashi Corporation

  • DR Horton, Inc.

For more information about this report, visit https://www.researchandmarkets.com/r/hsvfga

About Thelma Wilt

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