Published on : Apr 19, 2018
ALBANY, New York, April 19, 2018: A new research report has recently been added by ResearchMoz.us to its vast collection of research studies. The study, titled “Global Construction Outlook 2022,” offers a detailed overview of the market, highlighting the key aspects that are likely to determine the overall growth of the construction industry throughout the forecast period. In addition, the key geographical segmentation, product segmentation, and the competitive landscape of the global construction industry have been discussed thoroughly in the scope of the study. A list of the prominent players operating in the market has been stated in the study.
According to the Construction Intelligence Center, the global construction industry is anticipated to witness high growth throughout the forecast period. In December 2017, the global market registered a growth of 3.6%; however; with several improvements and technological advancements, the global construction industry is expected a pace of expansion of 3.7% a year in the next few years. As per Construction Intelligence Center, in 2017, the global construction industry was worth US$10.4 trillion and is predicted to reach a value of US$12.4 trillion by the end of 2022.
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A tremendous growth in the construction activities, thanks to the technological advancements in this field is one of the key factors estimated to encourage the growth of the overall market in the coming years. The potential growth opportunities in developing nations is another major factor anticipated to accelerate the growth of the market throughout the forecast period. The increasing government investments for infrastructure development and the favorable rules and regulations for commencing new construction projects are expected to act as a major opportunity for the leading players operating in the global market.
Among the key regional segments, North America and Europe are estimated to witness slow growth throughout the forecast period. On the other hand, Asia Pacific is likely to register a tremendous growth in the coming years. The increasing contribution from India, China, and Japan is projected to encourage the growth of the construction market. The research report offers a detailed overview of the geographical segmentation along with the market share and estimated growth rate.
The research study further throws light on the competitive landscape of the global construction industry. The increasing competition in the market owing to the presence of a large number of players is estimated to accelerate the market’s growth throughout the forecast period. A list of around 83 leading players has been given in the report, including their growth strategies, financial status, product portfolio, and the SWOT analysis. This is estimated to help the readers as well as new entrants in deciding their policies.
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