The future of the global construction industry looks promising with opportunities in the residential, non-residential, and infrastructure building sectors. The global construction industry is forecast to reach $12.9 trillion by 2028 with a CAGR of 4.4% from 2023 to 2028. The major drivers for the growth of this market are increasing housing starts and rising infrastructure due to increasing urbanization and growing population.
This report of less than 196 pages has been developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Industry by Segment
In this industry, residential is the largest segment by type.
The study includes trends and forecast for the global construction industry by type and region, as follows:
Answer: The global construction industry is expected to reach an estimated $12.9 trillion by 2028.
Q2. What is the growth forecast forconstruction industry?
Answer: The construction industry is expected to grow at a CAGR of ~4.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of theconstruction industry?
Answer: The major drivers for this market are increasing housing starts and rising infrastructure due to increasing urbanization and growing population.
Q4. What are the major types for theconstruction industry?
Answer: Residential, non-residential, and infrastructure are the major types of construction.
Q5. What are the emerging trends inconstruction industry?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for green construction to reduce carbon footprint, building information systems for efficient building management, and use of fiber-reinforced polymer composites for rehabilitation of aging structure.
Q6. Who are the keyconstruction companies?
Answer: Some of the key construction companies are as follows:
Answer: The analyst forecasts residential construction to remain the largest type segment, and it is also expected to witness the highest growth over the forecast period due to rising per capita income and higher disposable income.
Q8. Inconstruction industry, which region is expected to be the largest in the next five years?
Answer: Asia Pacific is expected to be the largest region over the next five years.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
Q. 2. Which products segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q5. What are the business risks and competitive threats in this market?
Q6. What are the emerging trends in this market and the reasons behind them?
Q7. What are some of the changing demands of customers in the market?
Q8. What are the new developments in the market and which companies are leading these developments?
Q9. Who are the major players in this market? What strategic initiatives are being initiated by key companies for business growth?
Q10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q. 11. What M&A activity has occurred in the last 5 years?
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Emerging Trends in Construction Industry
Emerging trends, which have a direct impact on the dynamics of the construction industry, include increasing demand for green construction to reduce carbon footprint, bridge lock-up device systems to enhance the life of structures, building information systems for efficient building management, and use of fiber-reinforced polymer composites for rehabilitation of aging structure.This report of less than 196 pages has been developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Industry by Segment
In this industry, residential is the largest segment by type.
The study includes trends and forecast for the global construction industry by type and region, as follows:
Construction Industry by Type [$B shipment analysis for 2017 - 2028]:
- Residential
- Non-Residential
- Healthcare
- Education
- Hospitality
- Retail
- Office
- Infrastructure
- Transport Infrastructure
- Roads and Bridges
- Power and Energy
- Water and Wastewater
- Others
Construction Industry by Region [$B shipment analysis for 2017 - 2028]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Russia
- Spain
- Italy
- APAC
- China
- Japan
- India
- ROW
- Brazil
- UAE
List of Construction Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, construction companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction companies profiled in this report include-- China Railway Group Limited
- China Railway Construction Corp. Limited
- Grupo ACS
- China State Construction Engineering
- VINCI SA
- Bouygues
- Construction Industry Insights
- Within this market, residential construction will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to rising per capita income and higher disposable income.
- Asia Pacific will remain the largest region due to increasing urbanization and higher expenditure on infrastructural development in this region. Growing population, increasing consumer spending, and affordable housing financing solutions in developing countries, such as India and China, are driving the construction industry in this region.
Features of Global Construction Industry
- Market size estimates: Construction industry size estimation in terms of value ($B) shipment.
- Trend and forecast analysis: Market trends (2017-2022) and forecast (2023-2028) by segment and region.
- Segment analysis: Construction industry size by type
- Regional analysis: Construction industry breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different types and regions for construction.
- Strategic analysis: This includes M&A, new product development, and competitive landscape for construction industry.
- - Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the construction industry size?Answer: The global construction industry is expected to reach an estimated $12.9 trillion by 2028.
Q2. What is the growth forecast forconstruction industry?
Answer: The construction industry is expected to grow at a CAGR of ~4.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of theconstruction industry?
Answer: The major drivers for this market are increasing housing starts and rising infrastructure due to increasing urbanization and growing population.
Q4. What are the major types for theconstruction industry?
Answer: Residential, non-residential, and infrastructure are the major types of construction.
Q5. What are the emerging trends inconstruction industry?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for green construction to reduce carbon footprint, building information systems for efficient building management, and use of fiber-reinforced polymer composites for rehabilitation of aging structure.
Q6. Who are the keyconstruction companies?
Answer: Some of the key construction companies are as follows:
- China Railway
- China Railway Construction
- China Communication Construction
- Grupo ACS
- China State Construction Engineering
- Vinci
- Bouygues
- HOCHTIEF
- Metallurgical Corporation
Answer: The analyst forecasts residential construction to remain the largest type segment, and it is also expected to witness the highest growth over the forecast period due to rising per capita income and higher disposable income.
Q8. Inconstruction industry, which region is expected to be the largest in the next five years?
Answer: Asia Pacific is expected to be the largest region over the next five years.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
This report addresses the following key questions:
Q. 1. What are some of the most promising, high growth opportunities for the global construction industry by type (residential, non-residential, and infrastructure) and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q. 2. Which products segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q5. What are the business risks and competitive threats in this market?
Q6. What are the emerging trends in this market and the reasons behind them?
Q7. What are some of the changing demands of customers in the market?
Q8. What are the new developments in the market and which companies are leading these developments?
Q9. Who are the major players in this market? What strategic initiatives are being initiated by key companies for business growth?
Q10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q. 11. What M&A activity has occurred in the last 5 years?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends and Forecasts
3.1: Global Construction Industry Trends and Forecast
3.2: Global Construction Industry by Type
3.2.1 Residential
3.2.2 Non-Residential
3.2.3 Infrastructure
4. Market Trends and Forecast Analysis by Region
4.1: Global Construction Industry by Region
4.2: North American Construction Industry
4.2.1 North American Construction Industry Market by Type
4.2.2 The United States Construction Industry
4.2.3 The Canadian Construction Industry
4.2.4 The Mexican Construction Industry
4.3: European Construction Industry
4.3.1: European Construction Industry Market by Type
4.3.2: Germany Construction Industry of
4.3.3: The French Construction Industry
4.3.4: United Kingdom Construction Industry of the
4.3.5: The Russian Construction Industry
4.3.6: The Spanish Construction Industry
4.3.7:The Italian Construction Industry
4.4: APAC Construction Industry
4.4.1: APAC Construction Industry Market by Type
4.4.2: Indian Construction Industry
4.4.3: Japanese Construction industry
4.4.4: The Chinese Construction Industry
4.5: ROW Construction Industry
4.5.1: Brazilian Construction Industry
4.5.2: UAE Construction Industry
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
6. Cost Structure Analysis
6.1: Cost of Goods Sold
6.2: SG&A
6.3: EBITDA Margin
7. Growth Opportunities and Strategic Analysis
7.1: Growth Opportunity Analysis
7.1.1: Growth Opportunities for the Global Construction Industry by Type
7.1.2: Growth Opportunities for the Global Construction Industry by Region
7.2: Emerging Trends in the Global Construction Industry
7.3: Strategic Analysis
7.3.1: Emerging projects in the global construction industry by Major Players
7.3.2: Certification and Licensing
7.3.3: Mergers, Acquisitions, Joint Ventures, and Other Collaborations in the Global Construction Industry
7.3.4: Technological Development
8. Company Profiles of Leading Players
8.1: China State Construction Engineering Corporation
8.2: China Railway Group Limited
8.3: VINCI SA
8.4: China Railway Construction Corp. Limited
8.4: Metallurgical Corporation of China
8.5: Grupo Acs
8.6: Bouygues SA
8.7: Skanska AB
8.8: Obayashi Corporation
8.9: D.R. Horton, Inc.
Companies Mentioned
- China State Construction Engineering Corporation
- China Railway Group Limited
- VINCI SA
- China Railway Construction Corp. Limited
- Metallurgical Corporation of China
- Grupo Acs
- Bouygues SA
- Skanska AB
- Obayashi Corporation
- D.R. Horton, Inc.
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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