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Global Construction Market Size By Type, Application, Key Players, Geographic Scope and Forecast 2023 - 2032 | China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communica
Construction Market
As per the Construction market report by The Business Research Company, The increasing construction activities in emerging markets are expected to propel the growth of the construction market over the coming years. Emerging markets which registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For instance, according to the National Bureau of Statistics, construction output contributed for 25.9% of China's GDP in 2020, up from 6.2% in 2019. This rapid growth in construction activity contributed to the growth of the construction market.
The global construction market grew from $14503.87 billion in 2022 to $15461.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The construction market is expected to grow to $19519.26 billion in 2027 at a CAGR of 6.0%.
Read More On The Construction Market Report Here:
https://www.thebusinessresearchcompany.com/report/construction-global-market-report
Major competitors in the Construction market include China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co Ltd., China Evergrande Group
The Construction Market is segmented -
• By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development
• By End User: Private, Public
• By Type of Contractor: Large Constractors, Small Contractors. Asia-Pacific was the largest region in the construction market in 2022.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=3598&type=smp
Construction is the process of building, altering, repairing, improving, or demolishing any structures or buildings using a detailed design and plan.
The different types of construction are buildings construction, heavy and civil engineering construction, specialty trade contractors, land planning and development. Building construction includes the dismantling of existing structures, the construction of new structures, the addition of latest structures to existing structures, and the required modifications to existing structures to correspond to any recent additions.
The Table Of Content For The Construction Market Include:
1. Executive Summary
2. Report Structure
3. Construction Market Characteristics
4. Construction Market Product Analysis
5. Construction Market Supply Chain
……
30. Nigeria Construction Market
31. Construction Market Competitive Landscape And Company Profiles
32. Key Mergers And Acquisitions In The Construction Market
33. Construction Market Future Outlook and Potential Analysis
34. Appendix
The "Global Construction Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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