The Business Research Company’s global construction market
analysis covers the year-on-year growth of the global construction market historic and
forecast growth. It also includes chapters on the construction market trends,
geographical analysis, and competitive landscape.
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The global construction market is forecast to grow at a CAGR
(compound annual growth rate) of around 8.5% by 2020.
Market Segmentation
According to TBRC’s global construction market research, the
market is split by segments into Building Construction, Heavy And Civil
Engineering Construction and Specialty Construction Contractors.
Buildings Construction
was the largest segment in the market at 50% of the market share. This was
mainly due to the large number of building construction companies in both
developed and developing countries. This segment includes establishments
involved in the construction of residential and nonresidential buildings.
Heavy and Civil Engineering Construction was the second largest
segment. This segment market comprises companies carrying out utilities,
highway, street and bridge construction. This market also includes companies
servicing land and subdividing property into lots for sale to builders.
Specialty Construction
Contractors was the third largest segment in the market.
This segment includes establishments involved in performing specific activities
such as pouring concrete, site preparation, plumbing, painting and electrical
work related to construction of buildings. These establishments are not
responsible for an entire construction project but perform activities such as
new work, additions, alterations, maintenance and repairs.
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Buildings
Construction had the highest CAGR (compound annual growth rate) of 8% during
2013-2017; this segment is expected to grow at a CAGR of around 10% during
2017-2021. This high growth was mainly due to surging urban population in many
developing countries, increasing private and public investments in
infrastructure in both developed and developing economies.
The global construction market
report covers the following regions under the geographical analysis section:
Asia Pacific, Western Europe, North America, Middle East, Africa, South
America, and Eastern Europe. Major countries under each of these regions are
also covered under the country analysis chapters.
The global Building Construction, Heavy And Civil Engineering
Construction and Specialty Construction Contractors market’s segment shares in
each geographic region are mentioned in the report, along with the historic and
forecast growth rates for each segment presented visually with supporting
reasons to justify the growth rates.
The top companies included in the report are China State
Construction Engineering Co., Ltd., China Railway Group Ltd., China Railway
Construction Corporation Limited, China Communications Construction Group Ltd.
and Vinci SA.
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