The global specialty trade
contractors market, a part of the construction industry, grew at a compound
annual growth rate (CAGR) of around 4% during the historic period. The construction
industry showed a steady growth. This market has registered steady growth rate
in the historic period due to rapid urbanization, rising disposable income and
increased public and private investments in infrastructure, in emerging
countries such as China and India and access to credit at low interest rates
for business establishments and individual customers.
In the forecast period, the global
specialty trade contractors market size is expected to be over $4000 billion by
2021, growing at a CAGR of nearly 7%. This is expected due to the expected
increase in demand for specialty construction contractor services due to
growing demand for infrastructure and housing, strong economic growth in developing
countries, rapid urbanization, rising disposable income, development of new
cities in emerging countries and increasing government spending on
infrastructure globally. Furthermore, rising population, increase in
dispensable income, and increasing per capita incomes are expected to drive the
global specialty trade contractors market in the future.
Find TBRC’s report on the specialty trade contractors market:
https://www.thebusinessresearchcompany.com/report/specialty-trade-contractors-global-market-report-2018
Specialty Construction
Contractors are using building information modeling (BIM) to improve labor
productivity, customer management and material handling. BIM is a digital
representation or 3D model of a building, which can be used to efficiently
plan, design, construct and manage buildings. Contractors use BIM to design
structures, lighting, HVAC systems and mechanical, electrical and plumbing
systems.
Major companies in the specialty trade
contractors market, offering new technology include Vinci SA, Grupo ACS, Quanta
Services Inc., Kier Group, Interserve, Comfort Systems USA, Inc., Balfour
Beatty, Morgan Sindall, Baker Concrete Construction Inc., Ceco Concrete
Construction Delaware, L.L.C.
Download a sample report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=216&type=smp
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