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. 

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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.

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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

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