Transformative Trends Impacting the Construction Market Landscape: The Growing Adoption Of Green Construction Techniques For Energy-Efficient And Eco-Friendly Buildings

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What Will the Construction Industry Market Size Be by 2025?
The expansion of the construction market has been robust in the past few years. The market, currently valued at $16152.39 billion in 2024, is anticipated to reach $17045.95 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.5%. Factors contributing to such impressive growth during the historic time include upswing in infrastructure progress, a surge in remodeling activities, accelerated expansion of the senior citizen population, and the swelling of domestic manufacturing.

What's the Long-Term Growth Forecast for the Construction Market Size Through 2029?
In the ensuing years, the construction market is predicted to experience robust growth. The market is expected to burgeon to $21260.28 billion by the year 2029, boasting a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in this forecast period can be accredited to factors such as burgeoning urbanization, population increase, escalating government support, industrial upsurge, and the expansion of smart cities. The forecast period is likely to see predominant trends such as the incorporation of automated construction equipment and vehicles, manufacture of high-performance equipment, the convergence of digital platforms with creative solutions, the advent of artificial intelligence (AI) and machine learning (ML), strategic alliances and partnerships, establishment of innovation networks, the emergence of completely electric construction equipment, technological revolutions, and fresh lot development in suburban regions.

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What Are the Key Growth Drivers Fueling the Construction Market Expansion?
The escalating trend in global construction activities is predicted to augment the expansion of the construction industry in the future. Countries that showcased significant growth in construction activities encompass China, Brazil, India, Saudi Arabia, and Indonesia. Such activities foster the demand for construction services and supplies, subsequently bolstering the growth of the construction industry. As an example, records from the Office for National Statistics, a respected UK statistics agency, indicated that annual construction output saw a surge of 5.6% in 2022 compared to the previous year, succeeding a record-breaking increase of 12.8% in 2021. This swift upsurge in construction activities played a significant role in the growth of the construction industry.

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What Are the Key Trends Driving Construction Market Growth?
The trend of utilizing green construction methods is steadily increasing among building construction businesses, particularly for the purpose of creating energy-efficient structures and reducing costs related to construction. Essentially, green construction involves the use of eco-friendly construction materials and methods resulting in energy-saving buildings with negligible environmental damage. As per the World Green Building Trends Survey, roughly 60% of global construction companies are engaged in eco-friendly construction projects. Accreditations like Leadership in Energy and Environmental Design (LEED) serve as guides for these companies to create sustainable, high-efficiency residential and commercial structures, and they also provide a range of advantages, such as tax relief and promotional opportunities. Eco-friendly construction materials like natural paints and recycled steel beams are highly popular in the UK. Additionally, construction businesses are employing other green building strategies like cross-ventilation for a more natural indoor atmosphere, green construction software like Construction Suite for green compliance and Green Globes management tool. Key companies that are employing these eco-friendly construction methods include Turner Construction Co, Clark Group, AECOM, Hensel Phelps, and Holder Construction.

How Is the Construction Market Segmented?
The construction market covered in this report is segmented -

1) By Type Of Construction: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development
2) By Type Of Contractor: Large Contractor, Small Contractor
3) By End-Use Sector: Public, Private

Subsegments:
1) By Buildings Construction: Residential Buildings, Commercial Buildings, Institutional Buildings, Industrial Buildings
2) By Heavy and Civil Engineering Construction: Highways and Roads, Bridges, Railways, Utilities and Infrastructure
3) By Specialty Trade Contractors: Electrical Contractors, Plumbing, Heating, and Air-Conditioning Contractors, Roofing Contractors, Flooring Contractors
4) By Land Planning and Development: Site Development, Land Subdivision, Urban Planning, Environmental Planning

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Which Companies Are Leading the Charge in Construction Market Innovation?
Major companies operating in the construction market include China State Construction Engineering Co., Ltd, China Railway Group Ltd, China Railway Construction Corporation Limited, China Communications Construction Group Ltd, Vinci S.A., Grupo ACS, Lennar Corporation, D.R. Horton, Inc., Bouygues S.A., Power Construction Corp. Of China, CIMIC Group, Shimizu Corporation, Lendlease Group, CapitaLand Limited, L&T Engineering & Construction Division, Tata Projects Ltd, Hindustan Construction Company, Yunnan Zhiling Construction Engineering Co., Ltd., Zhejiang Yijian Construction Group Co, Zeppelin GmbH, SGS, Interconstruct, Etex, Anker Hansen & Co. A/S, Christiansen & Essenbæk A/S, C.C. Contractor A/S, EKE-Construction Ltd, Colas Group, Eiffage Construction, Bauer Group, Bennett Construction Limited, Collen Construction Limited, Casais Group, Balfour Beatty, Laing O' Rourke, Interserve, Morgan Sindall, Kier, Altaca Group, Renaissance Construction, ALFA Engineering & Construction Co, Budimex Group, STRABAG International GmbH, BeautyWalls LLC, SC Geamuri Serv SRL, Octagon Contracting & Engineering SA, PCL Construction, EllisDon Corporation, Aecon Group Incorporated, Ledcor Group of Companies, Graham Construction, Pomerleau Incorporated, Bird Construction Incorporated, Empresas ICA, Bechtel, Fluor Corporation, Turner Corporation, Skanska USA, Kiewit Corporation, Jacobs Engineering Group, Oderbrecht, Camargo Corrêa, Andrade Gutierrez, Queiroz Galvão, MRV Engenharia, SalfaCorp, Mourik General Contractors, McCrory Construction Company, Al Habtoor Group LLC, Al-Naboodah Constructing, Arabian Construction Company, Dutco Balfour Beatty LLC, SHIKUN & BINUI LTD, Mekorot Water Company Ltd, DANYA CEBUS LTD, ASHTROM GROUP LTD, Saudi Bin Ladin Group, Al-Rashid Trading & Contracting Co, Al Ayuni Investment & Contracting Co, Al Harbi Trading & Contracting Co, Arabian Bemco Contracting Co, Redcon Construction Company, Estim Construction Co. Ltd, Eco-Beam, Ecomo, TSAI design studio

Which Regions Are Leading the Global Construction Market in Revenue?
Asia-Pacific was the largest region in the construction market in 2024. North America was the second-largest region in the construction market. The regions covered in the construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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