Global Construction Market Value Expected To Reach $15,482 Billion By 2023

 Breaking News
  • No posts were found

Global Construction Market Value Expected To Reach $15,482 Billion By 2023

November 03
20:22 2020
Global Construction Market Value Expected To Reach $15,482 Billion By 2023

Construction Market – By Type (Building Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, And Land Planning And Development), By End-User Sector (Public, Private), And By Region, Opportunities And Strategies – Global Forecast To 2030

China State Construction Engineering Is One Of The Largest Players In The Construction Market, According To The Business Research Company’s Construction Market – By Type (Building Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, And Land Planning And Development), By End-User Sector (Public, Private), And By Region, Opportunities And Strategies – Global Forecast To 2030

The global construction market reached a value of nearly $12,744.4 billion in 2019, having increased at a compound annual growth rate of 6.1% since 2015. The market is expected to decline from $12,744.4 billion in 2019 to $12,633.9 billion in 2020 at a growth rate of -0.9%. The growth decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a compound annual growth rate of 7.5% from 2021 ad reach $15,482.0 billion in 2023. 

Read More On The Global Construction Market Report At – https://www.thebusinessresearchcompany.com/report/construction-market

The construction market consists of the sales revenues earned by entities (organizations, sole traders and partnerships) that construct buildings or engineering projects (for example, highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs

Global Construction Market Segmentation –
1 )By Type-  Residential Building Construction, Nonresidential Building Construction
2) By End-User Sector – Public, Private

Global Construction Market Driver –
Rapid growth in investments in renewable power generation capacities is expected to drive the construction market in the forecast period. A large number of power generation companies are investing in renewable energy sources, especially in the USA and European countries.

Request For A Sample Of The Global Construction Market Report At – https://www.thebusinessresearchcompany.com/sample.aspx?id=807&type=smp

Few Points From The Global Construction Market TOC
1. Construction Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1.1. Segmentation By Geography
6.1.2. Segmentation By Type
6.1.3. Segmentation By End-User Sector
7. Construction Market Characteristics
7.1. Market Definition
7.2. Market Segmentation By Type Of Construction
7.2.1. Buildings Construction
7.2.2. Heavy And Civil Engineering Construction
7.2.3. Specialty Trade Contractors
7.2.4. Land Planning And Development
7.3. Market Segmentation By Type Of End-User Sector
7.3.1. Public
7.3.2. Private

Interested to know more about The Business Research Company?
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

Media Contact
Company Name: The Business Research Company
Contact Person: Oliver Guirdham
Email: Send Email
Phone: +44 20 7193 0708
Address:
City: London
State: Greater London
Country: United Kingdom
Website: https://www.thebusinessresearchcompany.com/

Categories