Title: Construction Market Detailed Analysis And Future Demand, 2020-2023
1Global Construction Market (Covid-19) Analysis,
Growth Strategies And Forecast To 2023
2Construction Market Characteristics
- The global construction market is expected to
decline from 12744.5 billion in 2019 to 12633.9
billion in 2020 at a compound annual growth rate
(CAGR) of -0.9. The decline is mainly due to
economic slowdown across countries owing to the
COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow
at a CAGR of 8 from 2021 and reach 15482
billion in 2023. - Construction Global Market Report 2020 is the
most comprehensive report available on this
market and will help gain a truly global
perspective as it covers 60 geographies. The
chapter on the impact of COVID-19 gives valuable
insights on supply chain disruptions, logistical
challenges, and other economic implications of
the virus on the market. The chapter also covers
markets which have been positively affected by
the pandemic. - Construction companies are increasingly using
autonomous construction vehicles and heavy
equipment to improve productivity. These
automated vehicles are equipped with sensors,
cameras and GPS. Real-time data obtained from
these devices helps in remote monitoring of
jobsite and reduces construction time. Vehicles
connected through IoT, telematics and RFID
tracking technologies are also helping the
construction industry to be more collaborative,
efficient and safe.
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3Major Key Players China State
Construction Engineering Co Ltd, China Railway
Group Ltd, China Railway Construction
Corporation Limited, China Communications
Construction Group Ltd, Vinci SA
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4Table Of Content
- 1. Executive Summary
- 2. Report Structure
- 3. Construction Market Characteristics
- 4. Construction Market Product Analysis
- 5. Construction Market Supply Chain
-
- 20. Construction Market Competitive Landscape
- 21. Key Mergers And Acquisitions In The
Construction Market - 22. Recommendations
- 23. Appendix
- 24. Copyright And Disclaimer
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