According to
a new market report published by Lucintel, the future of global construction
industry looks good with opportunities in residential and infrastructure
segment. The global construction industry is forecast to grow at a CAGR of 5.5%
from 2016 to 2021. The major drivers of growth for this market are increasing rate of urbanization and growing
population.
The global
construction industry is classified mainly into three types, which are
residential, commercial, and infrastructure. On the basis
of a comprehensive research, Lucintel forecasts that infrastructure will remain
the largest segment during the forecast period. Increasing rate of urbanization
in emerging economies like China and India and development of new cities are
the major drivers for the growth in infrastructure segment. Lucintel forecasts
that the infrastructure segment is expected to show the highest growth during
the forecast period.
The APAC
construction market is expected to remain the largest market due to rapid
growth in rising per capita income along with increasing urbanization in the
region.
Asia Pacific and the North America are
expected to witness good growth over the forecast period with growing housing
starts and infrastructural development.
For business expansion,
the report suggests geographical expansion and new project development to
reduce the risk exposure of the company by lowering the impact of regional or
national factors. Emerging trends, which have a direct impact on the dynamics
of the industry, include the increasing demand of green construction to reduce carbon
foot print, bridge lock-up device system to enhance the life of structure,
building information system for efficient building management, and use of fiber
reinforced polymer composite for rehabilitation of aging structure. China State
Construction Engineering Corp. ,China Railway Group, China Railway
Corp.Limited, Vinci S.A, Grupo ACS are the major construction contractor.
Lucintel, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities in the global construction
industry by end use application and region
and has come up with a comprehensive research report, “Growth
Opportunities in the Global Construction Industry 2016-2021: Trends, Forecast,
and Opportunity Analysis.” The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the growth opportunities in the global
construction industry by end use application and region as follows:
By end use
application [value $ billion from 2010 to 2021]-
·
Residential
·
Commercial
·
Infrastructure
By region [value $ billion from 2010 to 2021]-
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
About Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth consulting, M&A, and due diligence services to executives
and key decision-makers in a variety of industries. For further information,
visit www.lucintel.com.
This
report answers following 11 key questions:
1. What are some
of the most promising, high-growth opportunities for construction industry by construction
type and regions?
Q. 2. Which
product /segments will grow at a faster pace and why?
Q. 3. Which
region will grow at a faster pace and why?
Q.4 What are the
key factors affecting market dynamics? What are the drivers and challenges of
the market?
Q.5. What are the
business risks and threats of this market?
Q.6 What are the
emerging trends in this market and reasons behind them?
Q.7 What are some changing
demands of customers in the market?
Q.8 What are the
new developments in the market? Which companies are leading these developments?
Q.9 Who are the
major players in this market? What strategic initiatives are being implemented
by key players for business growth?
Q.10 How is the
competitive rivalry and threat of substitution in this market?
Q.11. What are
M&A activities in the last 5 years in this market? What reasons to these
activities and how have they impacted the industry?
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