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Construction Market Summary, Competitive Analysis and Forecast to 2027 (Global Almanac)

Construction Market Summary, Competitive Analysis and Forecast to 2027 (Global Almanac)

Summary

Global Construction industry profile provides top-line qualitative and quantitative summary information including: Industry size (value 2018-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Industry.

Key Highlights

- The construction market is defined as the value of work put in place annually for both, residential and non-residential construction.
- The non-residential construction market includes five key construction sectors: commercial & leisure, energy & utilities, industrial, infrastructure, and institutional.
- The residential construction market is defined as the value of work put in place annually for residential buildings.
- Market value is defined as the output value of construction activity in any given time period, including costs related to construction materials, equipment and services in new construction, refurbishment, repair and maintenance and demolition.
- All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
- The global construction industry generated total revenues of $13,699.6 billion in 2022, representing a compound annual growth rate (CAGR) of 5.7% between 2017 and 2022.
- The non-residential construction segment dominated the industry in 2022, with total revenues of $8,123.8 billion, equivalent to 59.3% of the industry's overall value.
- Governments around the world are investing in infrastructure development. For instance, the US government 2021 launched a $1.2 trillion infrastructure plan, which is creating significant opportunities for the construction industry.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global construction Industry
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global construction Industry
- Leading company profiles reveal details of key construction Industry players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global construction Industry with five year forecasts

Reasons to Buy

- What was the size of the global construction Industry by value in 2022?
- What will be the size of the global construction Industry in 2027?
- What factors are affecting the strength of competition in the global construction Industry?
- How has the Industry performed over the last five years?
- What are the main segments that make up the global construction Industry?