1. Market Research
  2. > Construction

Construction Industry Outlook: Find the Latest Market Statistics &Trends

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
7 votes

Global Construction Industry

The global construction industry is expected to be worth over $3 trillion in 2015, increasing over 30% in a five-year period, according to MarketLine. The industry is involved in the construction of various structures, including housing, factories, schools, bridges and roads. Apart from constructing new buildings and structures, the industry also encompasses setting up new sites, repair, maintenance and modification of existing structures.

Most contractors are specialized in one kind of construction, for example commercial or residential buildings. Apart from work carried out by the team contracted to do a specific job, contractors also subcontract parts of the job to external crews such as specialty trade contractors, who do specific jobs such as carpentry, heating or painting. The general contractor remains solely responsible for the job.

General infrastructure projects fall under the remit of civil engineers and heavy construction contractors. This sector includes the construction of structures such as bridges, sewers, roads and tunnels as well as all services created around the industry.

Construction Key Market Segments

Building Materials: The world aluminum industry will be worth just under $100 billion in 2011, according to research from Visiongain. Recycling will have a role to play in changes to the industry moving forward, both in residential and non-residential construction. The industry will see dynamic growth in developing countries where industrialization will mean many major construction projects.

Construction Equipment: Though slowed by the economic downturn, the global market for escalators and elevators is beginning to rebound. The leading four companies, according to Koncept Analytics, hold the lion’s share of the market. Demand for escalator and elevators is strongest in the EU, representing almost 50% of the overall installed base of these structures. China represents the fastest-growing market segment for new installations. Future market growth will be fuelled by general worldwide construction activity.

Home Building & Improvement: Global demand for windows and doors is expected to expand at 7% yearly through 2015, according to Freedonia, for an overall worth of $200 billion. China is the world’s leading market, expected to grow 2% to almost 30% of the overall market segment in 2015. Economic developing and bigger housing units will fuel demand. The US will see high growth of 9% yearly through 2015. Plastic windows and doors will constitute the most dynamic market sub segment in terms of growth, though plastic doors will not breach the 10% marker of overall door demand. Vinyl windows will see increased demand thanks to their longevity, low cost, energy efficiency and low maintenance.

US Window & Door Demand, *In US$ Bn

Construction Industry's Leading Regional Markets

Building construction and urban development are two important employing sectors (with high employment rate in sectors such as civil engineering), with over 2.5 million people employed in general and specialty trade outside of residential structures in 2010, or just under 50% of overall construction jobs, according to the Associated General Contractors of America. The industry employs 5.5 million people overall. Non-residential construction represented over $285 billion in the same year, while non-building construction neared $270 billion and residential buildings reached almost $250 billion. MarketLine research showed that the Asia-Pacific region represents over 25% of the world construction and engineering industry in terms of market worth.

Read more »

Share
24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 79000 reports

Global Construction Industry - Forecast

  • March 2017
    8 pages
  • Construction  

  • World  

    China  

View report >

Construction Industry in the US - Forecast

  • April 2017
    8 pages
  • Construction  

  • United States  

View report >

The future of the Construction Industry in Singapore and Asia

  • March 2017
    7 pages
  • Construction  

  • Singapore  

    Asia  

    World  

View report >

Construction Forecast Statistics in Japan

  • March 2017
    18 pages
  • Construction  

  • Japan  

    United States  

View report >

Construction Forecast Statistics in France

  • March 2017
    6 pages
  • France  

    Germany  

View report >

Construction Industry in Germany and Europe

  • December 2016
    26 pages
  • Construction  

  • Germany  

    Europe  

View report >

Construction Industry in Italy and Europe

  • October 2016
    21 pages
  • Construction  

  • Italy  

    Europe  

    World  

View report >

Construction Demand Forecast in the UK

  • April 2017
    10 pages
  • United Kingdom  

View report >

Construction Statistics in Canada, Weekly Update

  • April 2017
    7 pages
  • Construction  

  • Canada  

    North America  

    United States  

View report >


About 34000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 7850)

Global Crane Market - Growth, Trends and Forecast Analysis (2017 - 2022)

Global Crane Market - Growth, Trends and Forecast Analysis (2017 - 2022)

  • $ 7850
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

The global crane market is expected to grow at a CAGR of over 6% till 2022. The market accounted to USD 32.45 billion in 2016. Innovations in manufacturing and smart design have resulted in adaptable, ...

Mega Trends In Latam, Forecast To 2025

February 2017 $ 7000

Industrial Boilers: Technologies And Developing Markets

February 2017 $ 6650

Analysis Of Key Sectors Of Colombia: Agriculture, Healt ...

January 2017 $ 6000

Smart Home As A Service Market - Global Industry Analys ...

March 2017 $ 5795

Next Generation Processors Market - Global Industry Ana ...

March 2017 $ 5795

Energy Recovery Ventilators Market - Global Industry An ...

February 2017 $ 5795

Waterproofing Admixture Market - Global Industry Analys ...

February 2017 $ 5795

Light Tower Market By Light Type (metal Halide, Led), E ...

April 2017 $ 5650

Green And Bio Polyols Market By Type (polyether, Polyes ...

April 2017 $ 5650

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.