Published on : Jan 03, 2019
Albany, New York, January 3, 2019: Advancement in technology is projected to lead to efficiency and greater output with lower cost which is attributed to drive the global construction industry. Besides, construction material materials will witness developments and trends as sophisticated and pre-fabrications materials will be applied on the backdrop of growing concern for combating pollution and embracing sustainability. Having said that, developing markets are anticipated to shy away from using sophisticated materials which could be attributed to penchant for traditional building designs and ever-increasing costs, thereby transition is expected to take place at a tortoise pace.
These insights are in line with the report titled, “Construction Global Industry Guide 2013-2022,” which has been latterly encompassed in the repository of Market Research Hub (MRH). According to the study, digitalization, automation and advanced materials are set to be the driving factor to augment the global construction industry.
Global construction industry is primarily spurred by the U.S., India and China as India is projected to grow twice as fast as China. The U.S construction industry is projected to grow at a relatively quicker pace than China. The construction market in China will surge gradually while India is slated to dethrone Japan to become world’s third largest market by 2021. On the other hand, given until 2025 Europe won’t recover to reach pre-crisis levels, the U.K is set to overtake Germany to become world’s sixth largest construction market by 2030.
On the backdrop of burgeoning population, urbanization and massive labor force, emerging Asia is projected to sustain a considerable growth rate which includes India, China, Philippines and Indonesia, namely. In addition, $1 trillion U.S infrastructure, Silk Road economic belt and Saudi Vision are prominent drivers underpinning demand in construction market.
Global Construction Industry: Report Synopsis
The report offers an exhaustive analysis on the construction industry in the global basis through the assessment of drivers, opportunities and trends helping boost the industry and at the same time focuses on the factors that might inhibit the growth.
The report analyzes the industry on the basis of residential and non-residential segments. The report also peruses into the shaping of various countries and regions in the industry.
The report starts with the executive summary followed by market overview and market outlook. The report does the assessment of the industry through the macroeconomic indicators. The report includes the Porters’ Five Force Analysis to analysis the competitive landscape of construction industry.
Global Construction Industry: Research Methodology
The report provides a robust research methodology incorporating secondary and primary research. The analysis in the report is on account of secondary research, primary interviews and reviews by expert panel. The report has been prepared on the basis of absolute dollar analysis which has often been overlooked.
The secondary research include trade journals, regulatory database and relevant patent, financial reports, SEC filings, broker reports, company websites, Factiva, statistical database and industry white paper. Besides, it also incorporates national government documents, press releases, news articles, recent trade and internal & external proprietary databases. The primary research includes technical writing, surveys, e-mail interaction, and interviews analysis of seasoned analyst, trade associations and phonic interviews. To provide the readers with an honest report, expert panel assesses the data collated from different sources.
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