According to the recent study the construction industry is projected to reach an estimated $13.2 billion by 2027 from $9.6 billion in 2021, at a CAGR of 5.5% from 2021 to 2027. Growth in this market is primarily driven by increasing housing starts and rising infrastructure due to increasing urbanization and growing population.
Browse XX figures /
charts and XX tables in this 200 -page report to understand trends,
opportunities and forecast in construction industry by type (residential,
non-residential, and infrastructure) and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Download sample report by clicking on https://www.lucintel.com/construction-market.aspx.
“Residential construction market is
expected to remain the largest segment during the forecast period.”
Based on type, the
construction industry is segmented into r residential, non-residential, and infrastructure. Lucintel
forecasts that the residential construction market is expected to remain the
largest segment due to rising per capita income and higher disposable income.
“Asia pacific will dominate the construction industry in near
future.”
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.
Download Brochure of this report by clicking on https://www.lucintel.com/construction-market.aspx
Major players of
construction industry are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. China Railway Group
Limited, China Railway Construction Corp. Limited, China Communications
Construction, Grupo ACS, China State Construction Engineering, Vinci, Bouygues,
HOCHTIEF, and Metallurgical Corporation of China are among the major
construction industry providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/construction-market.aspx or helpdesk@lucintel.com.
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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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