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: In the world aluminum industry, 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: China is the world’s leading market. Economic developing and bigger housing units will fuel demand. 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.

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). The industry employs 5.5 million people overall. 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

+1 646 893 5945

1-10 of about 84000 reports

Global Non-Residential Construction Industry

  • November 2017
    9 pages
  • Non-Residential...  

  • United States  

    World  

    China  

View report >

Construction Statistics in the US

  • November 2017
    11 pages
  • Construction  

  • United States  

    Japan  

    South Africa  

View report >

Construction Industry in Bosnia and Herzegovina and Europe

  • November 2017
    5 pages
  • Construction  

  • Bosnia and Herz...  

    Europe  

View report >

Construction Industry in France and Australia - Forecast

  • October 2017
    11 pages
  • Construction  

  • France  

    Australia  

View report >

Construction Markets in Germany - Forecast

  • October 2017
    10 pages
  • Construction  

  • Germany  

    Europe  

View report >

Construction Industry in the UK and the US - Forecast

  • November 2017
    7 pages
  • Construction  

  • United Kingdom  

    United States  

View report >

Construction Forecast Statistics in the US and Canada

  • November 2017
    21 pages
  • United States  

    Canada  

    China  

View report >


About 27000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 35200)

Epoxy Adhesives Market: Global Forecast until 2026

  • $ 9000
  • Industry report
  • December 2016
  • by MarketsandMarkets

“The global market for epoxy adhesives is projected to grow at a CAGR of 6.63% from 2016 to 2026”The global epoxy adhesives market is projected to reach USD 10.13 billion by 2026, at a CAGR of 6.63%, ...

Smart Building Market: Global Forecast until 2022

August 2017 $ 7150

Energy Management System Market: Global Forecast until ...

August 2016 $ 7150

Biomass Boiler Industry in Boilers - Global: Forecasts ...

September 2016 $ 5795

District Heating and Cooling Industry: Forecasts to 202 ...

August 2016 $ 5795

Ductless Heating & Cooling Systems Market: Global Forec ...

October 2016 $ 5652

Laminated Glass Market: Global Forecast until 2022

October 2017 $ 5650

Air Quality Monitoring Software Market: Global Forecast ...

September 2017 $ 5650

Extruders Market: Global Forecast until 2022

September 2017 $ 5650

Fire Protection Materials Market: Global Forecast until ...

August 2017 $ 5650

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