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Construction Market

Construction Market

Construction Market Global Industry Assessment & Forecast

# Pages:

180

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0818

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 YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 12.5 Trillion
Revenue 2028Revenue 2028: 22.13 Trillion
Revenue CAGRRevenue CAGR (2021 - 2028): 7.4
Fastest Growing Region 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

Research Methodology: Construction Market - Global Market Assessment, 2021 - 2028

The global Construction market study is based on the infallible and rigorous research process involving 3 stages namely: Secondary Research, Primary Research, and Data Triangulation. We have conducted more than 120 primary interviews for the Construction market either through mail or telephone call. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market. 

Secondary Research

Primary Research:

Along with the exhaustive secondary research, we at Vantage Market Research, conduct in-depth primary research to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the data requirements such as Construction supply-demand scenario in the global and regional markets, global and regional market size and segmental trends, and revalidation of secondary research outcomes and findings among others. 

Data Triangulation and Market Size Estimations

After the determination of the overall market size, from the secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market.  The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Construction market. 

FAQ
Frequently Asked Question
  • 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%.

  • 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..

  • The market is project to grow at a CAGR of 7.4% between 2021 and 2028.

  • 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.

  • Asia Pacific was the leading regional segment of the Construction in 2020.