Report Feature
Construction Industry Trends and Forecast
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 $12.9 trillion by 2028 with a CAGR of 4.4% from 2023 to 2028. The major drivers for the growth of this market are increasing housing starts and rising infrastructure due to increasing urbanization and growing population.
Emerging Trends in Construction Industry
Emerging trends, which have a direct impact on the dynamics of the construction industry, include increasing demand for green construction to reduce carbon footprint, bridge lock-up device systems to enhance the life of structures, building information systems for efficient building management, and use of fiber-reinforced polymer composites for rehabilitation of aging structure.
This report of less than 196 pages has been developed to help in your business decisions. Sample figures with some insights are shown below.
This report of less than 196 pages has been developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Industry by Segment
In this industry, residential is the largest segment by type.
The study includes trends and forecast for the global construction industry by type and region, as follows:
The study includes trends and forecast for the global construction industry by type and region, as follows:
Construction Industry by Type [$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.
FAQ
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 for construction 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 the construction 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 the construction industry?
Answer: Residential, non-residential, and infrastructure are the major types of construction.
Q5. What are the emerging trends in construction 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 key construction companies?
Answer: Some of the key construction companies are as follows:
Answer: The global construction industry is expected to reach an estimated $12.9 trillion by 2028.
Q2. What is the growth forecast for construction 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 the construction 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 the construction industry?
Answer: Residential, non-residential, and infrastructure are the major types of construction.
Q5. What are the emerging trends in construction 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 key construction 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
Q7. Which will be the largest construction type segment in the future?
Answer: Lucintel 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. In construction 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, Lucintel provides 10% customization without any additional cost.
Answer: Lucintel 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. In construction 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, Lucintel provides 10% customization without any additional cost.
