Press release
Construction and Demolition Waste Management Market 2022 - Strategic recommendations, Trends, Segmentation, Use case Analysis, Competitive Intelligence, Global and Regional Forecast to 2029
Construction and Demolition Waste Management Market
New study report" Construction and Demolition Waste Management Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2029″ has been added to Fortune Business Insights.
Market Overview:
At the beginning of a recently published report on the Construction and Demolition Waste Management Market 2022-2029, extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the Construction and Demolition Waste Management market.
The global construction and demolition waste management market size is expected to gain momentum by reaching USD 142.92 billion by 2029 while exhibiting a CAGR of 4.0% between 2022 to 2029. That the market stood at USD 115.11 billion in 2020.
Various segments of the market have been divided into different divisions. They have been depicted maximum share and profit maximization of the market during the forecasting period of 2022 to 2029. This is mentioned in the report too. Depending on the information, it has been recognized with different data and figures offered by the analysis of the overall understanding of the market place and value. Various distinctive features involve the market's knowledge based on the factors like the demographic changes, market dimensions, historical details, and market overviews. The research is also included in the strategic movements that are undertaken by the top-notch markets. Moreover, these key players affect the market growth and the profit rate of the overall market. In this report, the internal dimensions and assessments of the Construction and Demolition Waste Management market are revealed. The study of the Construction and Demolition Waste Management market's description has been taking place during the 2022 period and the last year of the foreseen period that extends to 2029.
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List of Key Players Covered in the Construction and Demolition Waste Management Market Report:
Alliance Construction and Demolition Waste Management
Liebherr
Schwing Stetter
Ajax Fiori Engineering
Sany Heavy Industry Co., Ltd.
DY Construction and Demolition Waste Management
PCP Group LLC
Xuzhou Construction Machinery Co,Ltd
Zoomlion Heavy Industry Science & Technology Co., Ltd.
Zhejiang Truemax Engineering Co., Ltd.
Sebhsa
Concord Construction and Demolition Waste Management
Junjin
COVID-19 Impact:
The COVID-19 pandemic has caused a substantial economic downturn and a sense of uncertainty in the market. The stringent lockdown imposed worldwide acted as a major downturn for various industries, including the construction and development industry. The reduction in construction activities led to a drop in cash liquidity, thereby obstructing construction activities. For instance, the International Labor Organization report suggested that the unavailability of the working force at construction sites in the Indian construction market has obstructed the pace of construction activities in the country, thus hampering the market growth.
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Drivers & Restraints:
Development of Circular Economy is Expected to Fuel Market Growth
The increasing effort of environmental organizations to promote the circular economy, i.e., collect, recycle, and reuse in new infrastructure and construction activities, drive the construction and demolition waste management market growth. For instance, the European Commission has emphasized the re-use of demolished materials during construction, excluding hazardous materials. Such environment-friendly endeavors will bolster the global market growth during the forecast period.
On the flip side, many countries do not have to recycle centers to segregate demolished waste. Thus lack of recycling and regular filling of landfills are major restraints of the market.
Market Segmentation:
By material type, the market is divided into concrete & gravel, bricks and ceramics, asphalt and tar, timber and wood, metal, and others. On the basis of source, the market is segmented into demolition, construction, and renovation
Based on the source, the renovation segment held a global construction and demolition waste management market share of 17.3% in 2020. This is attributable to low cost, as renovation allows waste recycling over time.
By service, the market is bifurcated into disposal and collection. Finally, based on region, the market is categorized into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Regional Insights:
Asia Pacific to Remain at Forefront; Increasing Adoption of Recyclable Material in Construction Sector to Aid Growth
Asia Pacific is expected to hold the largest market share during the forecast period. This is ascribable to the factors such as extensive emphasis of the government on infrastructural development in developing economies such as India and China. For instance, the Indian Ministry of Housing and Urban Affairs (MoHUA) is focusing on developing the construction sector in India through supportive policies. Moreover, the waste generated in the country is enough to provide raw material to recycling centers, thereby contributing to green buildings and eco-friendly construction. The region stood at USD 20.52 billion in 2020.
North America is expected to experience significant growth in this market during the forecast period. This is attributable to the hefty investments made by key market players to establish and operate new recycling construction projects in the region.
Key Industry Development:
January 2020: Krause Manufacturing is working on an AI-powered robotic waste sorting system. This will help in segregating various debris automatically. Later this debris can be sent to recycling facilities for further use.
Major Table of Content:
Introduction
Executive Summary
Market Dynamics
Key Insights
Construction and Demolition Waste Management Market Analysis, Insights and Forecast, 2022-2029
North America Construction and Demolition Waste Management Market Analysis, Insights and Forecast, 2022-2029
Europe Construction and Demolition Waste Management Market Analysis, Insights and Forecast, 2022-2029
Asia Pacific Construction and Demolition Waste Management Market Analysis, Insights and Forecast, 2022-2029
Middle East and Africa Construction and Demolition Waste Management Market Analysis, Insights and Forecast, 2022-2029
Latin America Construction and Demolition Waste Management Market Analysis, Insights and Forecast, 2022-2029
Market Share Analysis, By Key Players, 2022
Competition Matrix
Company Profile
Continue….
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