According to a new market report published by Lucintel, the future of the
global construction industry looks good with opportunities in residential,
non-residential, and infrastructure. The global construction industry is
expected to reach an estimated $10.5 trillion by 2023, and it is forecast to
grow at a CAGR of 4.2% from 2018 to 2023. The major drivers for the growth of
this market are increasing housing starts and rising infrastructure due to
increasing urbanization and growing population.
In this market, the main segments by type are residential,
non-residential, and infrastructure. On the basis of comprehensive research, Lucintel forecasts that the residential segment is expected
to show above average growth
during the forecast period.
Within the global construction industry,
the residential segment is expected to remain the largest segment. Financing
for residential construction projects has become available with improvements in
market fundamentals, like lower interest rates.
APAC is
expected to remain the largest market during the forecast period mainly due to increasing
urbanization, higher expenditure on infrastructural development, and affordable
housing projects.
Emerging
trends which have a direct impact on the dynamics of the 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 the use of fiber-reinforced polymer
composites for the rehabilitation of aging structures. China State Construction
Engineering Corporation, China Railway Group Limited, China Railway
Construction Corporation, Vinci SA, and Grupo ACS are among the major contractors
of construction industry.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global construction industry by type and region,
and has compiled a comprehensive research report entitled “Growth
Opportunities in the Global Construction Industry 2018-2023: Trends, Forecast,
and Opportunity Analysis.” The Lucintel report serves as a catalyst for
growth strategy by providing comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global construction
industry by type and region,
as follows:
By Type [Value ($ Billion) from 2012 to 2023]:
· Residential
· Non-Residential
− Healthcare
− Education
− Hospitality
− Retail
− Office
− Others
·
Infrastructure
− Transport Infrastructure
− Roads and Bridges
− Power and Energy
− Water and Wastewater
− Others
By Region [Value
($ Billion) from 2012 to 2023]:
· North America
− United States
− Canada
− Mexico
· Europe
− Germany
− France
− United Kingdom
− Russia
− Spain
− Italy
· APAC
− China
− Japan
− India
· ROW
−
Brazil
−
United Arab
Emirates
This
168-page 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 helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT
Analysis.
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 addresses the following key
questions:
Q. 1. What are some of the most promising,
high-growth opportunities for 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 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, challenges, and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this
market and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the
market and which companies are leading these developments?
Q.9. Who are the major players in this
market? What strategic initiatives are being taken by key companies for
business growth?
Q.10. 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 activities have occurred
in the last 5 years?
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