Global Land Planning And Development Market, Global Land Planning And Development Market Research Report

Land Planning And Development Global Market Forecast To 2022

Asia Pacific was the largest region in the global land planning and development market, accounting for 44% of the market in 2018. North America was the second largest region accounting for 25% of the global land planning and development market. Africa was the smallest region in the global land planning and development market.

The decrease in productivity of on-land construction is a significant trend in the construction industry. This can be attributed to the industry becoming less capital-intensive and lesser consolidation among industry players. Profit margins in the construction industry are getting thinner, thus making investments even less likely. Workers are replacing machinery, and subcontractors are looking to maximize profit rather than collaborate to contain costs. According to a research done at Oxford University, more than 90% of world’s infrastructure projects are either late or over-budget. American builders’ productivity has plunged by half since the late 1960s. In the past 20 years, Germany and Japan have seen negligible growth in construction productivity. In France and Italy, the productivity has fallen by one-sixth.

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