PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1358185
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1358185
Circularity is the Way Forward for Transformational Growth of Building Construction
The global building construction market saw a decline in output in 2020 due to the COVID-19 pandemic. However, following the reopening of economic activities in 2021, market recovery in many countries resulted in an extraordinary growth of 14.7% that year. The market will register a CAGR of 5.8% from 2022 to 2028.
Three major strategic imperatives impact the building construction market, namely Transformative Mega Trends, Disruptive Technologies, and Industry Convergence.
This study also provides an overview of sustainability innovation, examples of technologies or solutions pertaining to sustainability solutions, and 15 growth opportunities that support the building lifecycle stages-design, construction, and operations.