Construction Market
Construction Market Global Industry Assessment & Forecast
Segments Covered
- By Product Housing and Civil Engineering and Bridge Engineering Construction, Construction and Installation Industry, Architectural Decoration Industry, Other Construction Industry
- By Application Residential, Commercial, Municipal
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 12.5 Trillion |
Revenue 2028: | 22.13 Trillion |
Revenue CAGR (2021 - 2028): | 7.4 |
Fastest Growing Region (2022 - 2028) | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The report delivers an acute breakdown of the
market based on various segments such as Product, Application,
and Region. All the segments are studied considering historical and future
trends across geographies. All the segments are analyzed based on trends,
market size, and forecast, and the data is provided for the years 2016–2028.
Several growth factors and opportunities impacting various segments have been
incorporated in the report. On the basis of Product,
the market is divided into Housing and Civil Engineering and Bridge Engineering Construction, Construction and Installation Industry, Architectural Decoration Industry, Other Construction Industry,. Housing and Civil Engineering and Bridge Engineering Construction held the largest
share in 2020 and is projected to grow at a noteworthy CAGR within the forecast
period.
Based on Application,
the market is divided into Residential, Commercial, Municipal,. Industrial attributed to
the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Construction Market: Product Segment Analysis
-
- Housing and Civil Engineering and Bridge Engineering Construction
- Construction and Installation Industry
- Architectural Decoration Industry
- Other Construction Industry
Global Construction Market: Application Segment Analysis
-
- Residential
- Commercial
- Municipal
FAQ
Frequently Asked Question
What is the global demand for Construction in terms of revenue?
-
The global Construction valued at 12.5 Trillion in 2020 and is expected to reach 22.13 Trillion in 2028 growing at a CAGR of 7.4%.
Which are the prominent players in the market?
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The prominent players in the market are Bouygues SA, Vinci SA, Grupo ACS, Skanska Group, Bechtel Corporation, Balfour Beatty, Power Construction Corp. of China, Hochtief..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 7.4% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Construction include
- Rapid urbanization due to the growing population coupled with the growing need for own property among the people is creating a positive scope for the market.
- Increasing demand for environment-friendly infrastructure is expected to further drive market growth over the forecast timeline.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Construction in 2020.