The construction industry includes architectural services, the physical processes of building, infrastructure development, civil engineering, the assembly and installation of prefabricated components and equipment, and repairs and maintenance for already built structures.
The largest geographic markets by consumption in the construction sector are Asia, Americas and Europe. In 2016 Asia was the largest geographic market in the construction sector accounting for 40% of the global market and worth more than $2000 billion. Major growth in this region is expected to be driven by China and India from 2016-2020. China is expected to overtake the USA as the largest construction market .
Green Building Practices was the latest trend observed in the construction industry as of 2016. Green building trends are driving construction market opportunities. The USA, Australia and European countries are most driven by green factors . Client demand, corporate commitments and lower operating costs are the top three factors driving green building activities. Green building practices are also known to promote health and well-being, increase worker productivity and also encourage sustainable business practices. They reduce energy and water consumption, improve indoor air quality, protect natural resources and lower greenhouse gas emissions. Lack of government support and incentives and lack of public awareness are the major challenges to increase green building activity.
Construction Market Characteristics 4
Construction Sector Historic Growth 5
Drivers of the Market 5
Restraints on the Market 6
Construction Market Forecast 7
Drivers of the Market 7
Restraints on the Market 8
Construction Market Comparison With Other Markets 9
Construction Market Historic and Forecast Growth Comparison With Other Markets 11
Construction Market Segmentation 13
Commercial building 13
Other residential building 13
Highways and streets building 13
Manufacturing structures 13
Construction Market Geography Split 15
Construction Market Competitors 16
Construction Market Key Mergers and Acquisitions 19
Construction Market Trends and Strategies 20
Green Building Practices 20
APAC Outperforming Other Regions 20
Globalization Transforming World And National Economies 20
Research Methodology 21
NAICS Definitions Of Industry Covered In This Report 21
Research Inquiries 25
The Business Research Company 25
Copyright and Disclaimer 26
Figure 1: Global Construction Market, Historic Market Size, 2012-2016, $ Billion 5
Figure 2: Global Construction Market, Forecast Market Size, 2016-2020,$ Billion 7
Figure 3: Global Construction Market Value, Comparison With Other Markets, 2016, $ Billion 9
Figure 4: Global Construction Market, Historic and Forecast Growth Rate, Comparison With Other Industries, 2012-2020, Percentage (%) 11
Figure 5: Global Construction Market, Split By Segments, 2016, $ Billion 13
Figure 6: Global Construction Market, Split By Region, 2016, $ Billion 15
Figure 7: Global Construction Market, Key Competitor Market Shares, 2015, Percentage (%) 16
Table 1: Global Construction Market, Historic Market Size, 2012-2016, $ Billion 5
Table 2: Global Construction Market Forecast Market Size, 2016-2020,$ Billion 7
Table 3: Global Construction Market Value, Comparison With Other Markets, 2016, $ Billion 9
Table 4: Global Construction Market, Historic and Forecast Growth Rate, Comparison With Other Industries, 2012-2020, Percentage (%) 11
Table 5: Global Construction Market, Split By Segments, 2016, $ Billion 14
Table 6: Global Construction Market, Split By Region, 2016, $ Billion 15
Table 7: Global Construction Market, Key Competitor Market Shares, 2015, Percentage (%) 16
Vinci, Bechtel, Hochtief, Skanska, Transurban, WSP and AMEC
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