The global buildings construction market is expected to grow from $5878.86 billion in 2020 to $6454.05 billion in 2021 at a compound annual growth rate (CAGR) of 9.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8751.56 billion in 2025 at a CAGR of 8%.
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The building construction market consists of sales of buildings construction services and related goods by entities (organizations, sole traders and partnerships) that construct buildings. Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The building construction market includes new work, additions, alterations, maintenance, and repairs. The buildings construction market is segmented into residential building construction and non-residential building construction.
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The buildings construction market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the buildings construction market are China State Construction Engineering Co Ltd; D.R. Horton Inc; China Railway Construction Corporation Limited; Lennar Corporation; Kiewit Building Group
The global buildings construction market is segmented –
1) By Type: Residential Building Construction, Nonresidential Building Construction
2) By End User Sector: Private, Public
3) By Buidling Type: Smart Buildings, Traditional Buildings
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The buildings construction market report describes and explains the global buildings construction market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The buildings construction report evaluates the market across each region and for the major economies within each region.
The countries covered in the global buildings construction market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global buildings construction market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Buildings Construction Market Characteristics
- Buildings Construction Market Product Analysis
- Buildings Construction Market Supply Chain
- Key Mergers And Acquisitions In The Buildings Construction Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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