Construction Global Market 2023 - By Industry Size, Maeket Trends, Growth Rate, By Sector And Forecast To 2032

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The Business Research Company's latest "Global Construction Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. 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 can be adopted to beat the competition in the industry

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The global construction market grew from $14,393.63 billion in 2022, having increased at a compound annual growth rate (CAGR) of 4.6% since 2017. The market is expected to grow from $14,393.63 billion in 2022 to $18,819.04 billion in 2027 at a rate of 5.5%. The market is then expected to grow at a CAGR of 6.6% from 2027 and reach $25,928.27 billion in 2032.

Construction is the process of constructing a structure, such as building, framework or model, using various materials. Any construction project is made out of specific variations within a fixed framework of distinct stages - design, production and conversion of raw materials into manufactured products and construction. Each of these stages consist of its own internal stages, processes and aspects that combine together to complete a construction project.

Companies operating in the construction market are focused on developing new and innovative construction equipment to sustain their position in the market. Construction machinery like bulldozers, excavators and cranes can be monitored and controlled via automation. Material handling: Materials like concrete, bricks and stones can be handled, transported and put in their proper locations using automated processes. For example, in February 2023, Trimble, a USA-based construction company, launched advanced path tech, to automate construction equipment. This new technology was developed to aid in the automation of the path, speed and overall trajectory of heavy equipment for contractors and equipment makers. According to the business, technology should make job activities go more quickly and bring autonomous equipment one step closer to the construction sector.

Construction Market Segmentation:
By Type Of Construction-
The construction market is segmented by type of construction into
a) Buildings Construction
b) Heavy And Civil Engineering Construction
c) Specialty Trade Contractors
d) Land Planning And Development

By End-User Sector -
The construction market is segmented by end-user sector into
a) Public
b) Private

By Type Of Contractor -
The construction market is segmented by type of contractor into
a) Large Contractor
b) Small Contractor

By Geography -
Asia Pacific was the largest region in the construction market.

Some of the key players involved in the Construction market are China State Construction Engineering Co., Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Group Ltd., Vinci S.A.

The regions covered in the global Construction market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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A Few Points From The Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
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17. Western Europe Market
18. Eastern Europe Market
19. North America Market
20. South America Market
21. Middle East Market

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