Buildings Construction Market is Projected to Reach $8224.9 Billion by 2023 | TBRC Report Insights | Covid 19 Impact And Recovery

The Business Research Company offers "Buildings Construction Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global buildings construction market is expected to decline from $6587.8 billion in 2019 to $6574.4 billion in 2020 at a compound annual growth rate (CAGR) of -0.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $8224.9 billion in 2023.

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The building construction market consists of the sales revenues earned by entities (organizations, sole traders and partnerships) that construct buildings. Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The building ocnstruction market includes new work, additions, alterations, maintenance, and repairs.

Construction companies are increasingly using autonomous construction vehicles and heavy equipment to improve productivity. These automated vehicles are equipped with sensors, cameras and GPS. Real-time data obtained from these devices helps in remote monitoring of jobsite and reduces construction time. Vehicles connected through IoT, telematics and RFID tracking technologies are also helping the construction industry to be more collaborative, efficient and safe. Leading manufacturers such as Komatsu, Caterpillar and Volvo CE are continuously releasing new models of autonomous, semi-autonomous and remote controlled excavators and other heavy equipment. Royal Truck & Equipment is pilot testing with Florida DOT for self-driving crash trucks for work zones.

Buildings Construction Market Segmentation: -
By Type
Residential Building Construction
Nonresidential Building Construction

By End User Sector
Private
Public

By Buidling Type
Smart Buildings
Traditional Buildings

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Supermarkets And Hypermarkets Market Characteristics
4. Supermarkets And Hypermarkets Market Product Analysis
5. Supermarkets And Hypermarkets Market Supply Chain
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20. Buildings Construction Market Competitive Landscape
21. Key Mergers And Acquisitions In The Buildings Construction Market
22. Market Background: Construction Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the Buildings Construction Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Buildings Construction Market are China State Construction Engineering Co Ltd; D.R. Horton Inc; China Railway Construction Corporation Limited; Lennar Corporation; Kiewit Building Group

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

This release was published on openPR.