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Global Excavation And Demolition Market: Projections, Drivers, Players, and Trends
Projected Growth and Significant Developments in the Excavation and Demolition Market
What Is The Projected Market Size Of The Global Excavation And Demolition Market And Its Growth Rate?
The excavation and demolition market have been experiencing steady growth over the years and is set for further expansion:
- The market size increased from $540.84 billion in 2024 to $560.01 billion in 2025, recording a compound annual growth rate (CAGR) of 3.5% during this period.
- The market size is projected to further grow to $628.19 billion in 2029 at a CAGR of 2.9%.
What Is Driving The Growth In The Excavation And Demolition Market?
Growth in the excavation and demolition market is primarily driven by the expansion of government infrastructure projects. Infrastructure development involving the construction of energy and transportation networks requires excavation as a basic step. For instance, the U.S. Department of Transportation and the Federal Highway Administration invested heavily in various infrastructure projects, including Federal Highway projects, development of public transport, airports, ports, and waterways in November 2022.
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Who Are the Key Players Driving Excavation And Demolition Market Growth?
Key players driving the excavation and demolition market include:
- VINCI SA
- Actividades de Construcción y Servicios S.A.
- Bechtel Group Inc.
- Hochtief AG
- Skanska AB
- Balfour Beatty plc
- Bouygues Construction SA
- Kiewit Corporation
- Koninklijke BAM Groep
- Laing O'Rourke plc
- Eiffage SA
- Acciona SA
- China Railway Construction Corporation Limited
- Ferrovial SA
- Independence Demolition Inc.
- NorthStar Group Services Inc.
- Brandenburg Industrial Service Company
- Penhall Company
- Granite Construction Inc.
- AECOM Inc.
- Jacobs Engineering Group Inc.
- Fluor Corporation
- Turner Construction Company
- Clark Construction Group LLC
- PCL Construction Enterprises Inc.
- McCarthy Building Companies Inc.
- The Whiting-Turner Contracting Company
- M. A. Mortenson Company
- DPR Construction
- Gilbane Building Company
- Hathaway Dinwiddie Construction Company
- JE Dunn Construction Group Inc.
- Ryan Companies US Inc.
- Sundt Construction Inc.
- Swinerton Inc.
- Webcor Builders Inc.
What Are The Key Trends In The Excavation And Demolition Market?
Key trends in the excavation and demolition market include:
- Remote operation and telematics
- Selective demolition techniques
- Innovations in excavation equipment
- Urban mining
- Digital twin technology
What Are The Segments Of The Global Excavation And Demolition Market?
The global excavation and demolition market is segmented into:
- By Type: Building Construction, Heavy and Civil Engineering Construction, Specialty Trade Contractors, Land Planning and Development
- By Equipment Type: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Equipment
- By End-User: Housing, Healthcare, Industrial, Infrastructure, Commercial, Educational
Which Region Leads The Excavation And Demolition Market?
Asia-Pacific was the largest region in the excavation and demolition market in 2024. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Excavation And Demolition Market Global Market Report?
- Market Size Analysis: Analyze the Excavation And Demolition Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Excavation And Demolition Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Excavation And Demolition Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Excavation And Demolition Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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