Market Research Report
Construction - Market Summary, Competitive Analysis and Forecast, 2016-2025 (Global Almanac)
|Construction - Market Summary, Competitive Analysis and Forecast, 2016-2025 (Global Almanac)|
Published: January 15, 2022
Content info: 829 Pages
Delivery time: 1-2 business days
Global Construction industry profile provides top-line qualitative and quantitative summary information including: Industry size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Industry.
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 includes six key construction sectors: commercial & leisure, energy & utilities, industrial, infrastructure, institutional and residential.
The residential construction market is defined as the value of work put in place annually for residential buildings.
Market value is defined in general as the total output value of construction activity in any given time period, including costs related to construction materials, equipment and services for 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 2020 annual average exchange rates.
Forecast figures presented in this report are calculated using crisis scenarios for the industry. The length of the pandemic and restrictions introduced by various countries are still difficult to predict. Many governments had introduced the national lockdowns and temporarily banned sales of products that are deemed "non-essential". This has resulted in issues and delays within the supply chain. As the length of the pandemic and its impact on this market is not certain, the data used in this report has been modeled taking forecast impacts on national economics into consideration.
The global construction industry had total revenues of $10,955,785.7bn in 2020, representing a compound annual growth rate (CAGR) of 3% between 2016 and 2020.
The non-residential construction segment was the industry's most lucrative in 2020, with total revenues of $6,499,326.6bn, equivalent to 59.3% of the industry's overall value.
The value of the global construction industry declined by 2.8% in 2020.