Construction Industry Overview
The construction market is expected to reach over $19519.26 billion in 2027 at a CAGR of 6.0%!
Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey, about 60% of construction firms across the globe were involved in green construction projects. Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings. major companies using green construction techniques include Turner Construction Co, Clark Group, AECOM, Hensel Phelps and Holder Construction.
Construction Market Coverage
The construction market consists of sales of construction services and related goods by entities (organizations, sole traders and partnerships) that construct buildings or engineering projects (e.g., highways and utility systems). The Business Research Company covers 81 markets overall in the construction market. The market is segmented in the following manner:
- 1. Buildings Construction
The building construction market consists of sales of buildings construction services and related goods by entities that construct buildings.- 1.1. Residential Building Construction
- 1.2. Nonresidential Building Construction
- 1.3. 3D Printing Building Construction
- 2. Heavy And Civil Engineering Construction
The heavy and civil engineering construction market consists of sales of heavy and civil engineering construction services and related goods by entities that undertake heavy and civil engineering construction projects.- 2.1. Utility System Construction
- 2.2. Highway, Street, And Bridge Construction
- 2.3. Other Heavy And Civil Engineering Construction
- 3. Specialty Trade Contractors
The specialty trade contractors market consists of sales of specialty trade contractors services and related goods by entities that perform specific activities involved in building construction.- 3.1. Foundation, Structure, And Building Exterior Contractors
- 3.2. Building Equipment Contractors
- 3.3. Building Finishing Contractors
- 3.4. Other Specialty Trade Contractors
- 4. Land Planning And Development
The land planning and development market consists of sales of land planning and development services and related goods by entities that service land and subdivide real property into lots.- 4.1. Residential Land Planning And Development
- 4.2. Commercial And Institutional Land Planning And Development
- 4.3. Industrial Land Planning And Development
How Can We Help?
The Business Research Company`s Construction Market Research Practice provides marketing, planning and strategy departments with a wider range of market, business, customer and competitor intelligence services across different segments of the construction industry. The construction market research services and solutions The Business Research Company provides are as follows —
- Construction Market Sizing, Forecast and Trend Analysis
- Construction Market Competitor Analysis
- Construction Market Supply Chain Analysis
- Construction Market Customer Research
- Construction Market Partner or Distribution Research
- Construction Market Entry Strategy Research Study
- Construction Industry Analysis and Profiling
- Construction Market Regulations
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