Lucintel identifies and prioritizes opportunities for growth in the construction industry by construction type (residential, commercial and infrastructure) and region

According to a new market report published by Lucintel, the future of global construction industry looks good with opportunities in residential and infrastructure segment. The global construction industry is forecast to grow at a CAGR of 5.5% from 2016 to 2021. The major drivers of growth for this market are increasing rate of urbanization and growing population.
The global construction industry is classified mainly into three types, which are residential, commercial, and infrastructure. On the basis of a comprehensive research, Lucintel forecasts that infrastructure will remain the largest segment during the forecast period. Increasing rate of urbanization in emerging economies like China and India and development of new cities are the major drivers for the growth in infrastructure segment. Lucintel forecasts that the infrastructure segment is expected to show the highest growth during the forecast period.
The APAC construction market is expected to remain the largest market due to rapid growth in rising per capita income along with increasing urbanization in the region.
Asia Pacific and the North America are expected to witness good growth over the forecast period with growing housing starts and infrastructural development.
For business expansion, the report suggests geographical expansion and new project development to reduce the risk exposure of the company by lowering the impact of regional or national factors. Emerging trends, which have a direct impact on the dynamics of the industry, include the increasing demand of green construction to reduce carbon foot print, bridge lock-up device system to enhance the life of structure, building information system for efficient building management, and use of fiber reinforced polymer composite for rehabilitation of aging structure. China State Construction Engineering Corp. ,China Railway Group, China Railway Corp.Limited, Vinci S.A, Grupo ACS are the major construction contractor.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global construction industry by end use application and region and has come up with a comprehensive research report, “Growth Opportunities in the Global Construction Industry 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities in the global construction industry by end use application and region as follows:
By end use application [value $ billion from 2010 to 2021]-
• Residential
• Commercial
• Infrastructure
By region [value $ billion from 2010 to 2021]-
• North America
• Europe
• Asia Pacific
• Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports,
Strategic Growth Consulting, Commercial Due Diligence Report and Market Research Reports Online.

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel LLC
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This release was published on openPR.