Dublin, Aug. 22, 2024 (GLOBE NEWSWIRE) — The “Construction Spending – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Construction Spending was estimated at US$3.9 Trillion in 2023, and is projected to reach US$5 Trillion by 2030, growing at a CAGR of 3.6% from 2023 to 2030.
This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the construction spending market is driven by several factors, including technological advancements in building materials and construction methods. The adoption of green building practices, aimed at reducing carbon footprints and enhancing energy efficiency, has spurred new projects that adhere to stricter environmental regulations. Furthermore, government fiscal policies, particularly public spending on infrastructure projects, significantly influence construction spending.
Economic recovery packages, often including substantial allocations for infrastructure, can lead to surges in sector activity. Consumer behavior, particularly the increased demand for customized and luxury residential properties, also plays a critical role in driving construction spending. These multifaceted growth drivers ensure that the construction industry remains robust and capable of adapting to evolving economic and environmental landscapes.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Buildings Construction segment, which is expected to reach US$2.2 Trillion by 2030 with a CAGR of a 4.2%. The Heavy & Civil Engineering segment is also set to grow at 3.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.1 Trillion in 2023, and China, forecasted to grow at an impressive 6.9% CAGR to reach $1.0 Trillion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Construction Spending Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Construction Spending Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Construction Spending Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AlJaber Engineering W.L.L, Arabian Bemco Contracting Co. Ltd., Bechtel Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 273 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $3.9 Trillion |
| Forecasted Market Value (USD) by 2030 | $5 Trillion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Construction Spending – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
- AlJaber Engineering W.L.L
- Arabian Bemco Contracting Co. Ltd.
- Bechtel Corporation
- Consolidated Contractors Company
- El Seif Engineering Contracting
- Esta Construction
- HBK Contracting Company W.L.L
- Mushrif Trading and Contracting Company
- Oman Shapoorji Construction Co
- Orascom Construction PLC
- Panattoni Development Company Inc.
- Ramaco Trading and Contracting W.L.L
- Redcon Construction
- Saudi Bin Ladin Group
- Shapoorji Pallonji And Company
3. MARKET TRENDS & DRIVERS
- Rising Demand for Residential Housing Drives Market Development
- Increasing Focus on Infrastructure Modernization Expands Construction Opportunities
- Stringent Building Regulations and Sustainability Standards Enhance Construction Practices
- Growth in Public-Private Partnerships Spurs Investment in Large-Scale Projects
- Expansion of Urban Populations and Smart City Initiatives Generates Construction Demand
- Technological Innovations in Construction Methods Boost Efficiency and Reduce Costs
- Enhanced Focus on Energy-Efficient and Green Buildings Propels Sector Growth
- Rising Popularity of Modular and Prefabricated Construction Influences Market Dynamics
- Shift Towards Renovation and Retrofitting of Existing Buildings
- Growing Investments in Healthcare and Educational Infrastructure
- Adoption of BIM and 3D Modeling in Construction Projects Boosts Precision
For more information about this report visit https://www.researchandmarkets.com/r/sccxbg
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- Global Construction Spending Market
