Some of the major key players in the construction market are: China State Construction Engineering Corporation, China Railway Group Limited, Vinci SA, China Railway Construction Corporation Limited, Metallurgical Corporation of China Limited, Grupo ACS, Bouygues S.A., Skanska AB, Obayashi Corporation and D.R. Horton, Inc. among others.
Construction refers to those activities that lead to the building of something. Construction could be of anything from building of roads, motorways to shopping malls, office blocks, and movie theatres to anything. Construction activities are happening all the time around us. Rise in the construction activities is likely to bolster the growth of the global construction market in the years to come. The time period of a construction project depends on the size the of the project. The bigger the project, the longer the time for construction, which could last from a few weeks to some years. There is a lot of hard work and brainstorming needed in the construction of anything. The global construction market is likely to be influenced by the rising disposable income of the people and rapid urbanization in several countries.
Access Full Description of this report at: -
https://www.nextmsc.com/report/construction-market
The global construction market have evolved at a rapid pace over the past few decades. Progress in technology, significant improvements in construction techniques, and use of superior grades of raw materials are some of the factors that have boosted the construction market in the past few years. While economic factors remain pivotal in the growth of the construction sector across the world, the rapidly growing global population is expected to create a substantial demand for heavy & civil engineering as well as general construction worldwide.
The Construction Market size was valued at USD 7.28 trillion in 2021 and is predicted to reach USD 14.41 trillion by 2030 with a CAGR of 7.3% from 2022-2030.
The Asia Pacific was the largest region in the global construction market, accounting for 42% of the market in 2020. North America was the second largest region accounting for 26% of the global construction market. Africa was the smallest region in the global construction market.
Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey 2015, about 51% of construction firms in the UK were involved in green construction projects. Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK. Other green construction techniques such as cross-ventilation for a more natural environment, green construction software such as Construction Suite to ensure green compliance, and Green Globes management tool are also being used in the construction industry. For instance, some, major companies using green construction techniques include Turner Construction Co, Clark Group, AECOM, Hensel Phelps and Holder Construction.
Request sample copy of this report at:-
https://www.nextmsc.com/construction-market/request-sample
About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
For more insights, please visit, https://www.nextmsc.com
Having an accurate, precise set of construction documents can be beneficial in several ways for 3D CAD design services.
Having a precise, accurate construction documentation set can help you in producing excellent buildings and providing efficient facilities management.
