The global construction market will reach $14.41 trillion by 2030, highlights a new report from Next Move Strategy Consulting – Yahoo Finance | Region & Cash

Next Move Strategy Consulting

An increase in economic growth in developing countries, low interest rates on real estate loans, increasing private sector investment and technological developments are driving the growth of the global construction market.

NEW YORK, July 27, 2022 (GLOBE NEWSWIRE) — According to the report published by Next Move Strategy Consulting, the global hardware store generated $7.28 trillion in 2021 and is projected to generate $14.41 trillion by 2030, at a CAGR of 7.3% from 2022 to 2030. The study offers a detailed competitive scenario along with changing market trends, top and sub-segments and regional landscape. Additionally, the revenue of each segment and sub-segment is provided over the forecast period to determine the market conditions and the steps to be taken to achieve sustainable growth.

With the comprehensive analysis of the construction industry in 545 pages, which also includes 678 tables and 347 figures, the report is helpful for leading players, investors and new entrants to identify opportunities, enter growing segments and gain a competitive advantage. The study also highlights the impact of the Covid-19 pandemic on the market size.

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report coverage


forecast period


base year


Market size in 2021

$7.28 trillion

Market size in 2030

$14.41 trillion



number of pages






segments covered

Type, Sector and Geography.


Increase in private sector investment

Increasing economic growth in developing countries


Use of advanced technology, machinery and equipment for construction activities

Increased spending on infrastructure and housing by developing country governments

The study provides a detailed analysis of the drivers, growth limiting factors and opportunities of the global construction market. An increase in economic growth in developing countries, low interest rates on real estate loans, an increase in private sector investment and technological developments are driving the growth of the market. However, fluctuations in commodity prices and increasing concerns about the health and well-being of workers are limiting market growth.

Commenting on the opportunities expected to contribute to the growth of the overall construction market in the coming years, the Lead Analyst for the Construction & Manufacturing Category at Next Move Strategy Consulting said: β€œThe deployment of advanced technologies, machinery and equipment is accelerating to boost construction activity for smart cities. In addition, increases in infrastructure and housing spending by developing country governments present new opportunities in the market.”

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The report provides detailed segmentation of the global construction market by type, industry sector and geography. The report analyzes each individual segment and its sub-segments to outline a detailed scenario for market players and investors. Based on type, the report further segmentes the market into supplement, new development, and new construction.

On the basis of sector, the study divides the market into commercial, residential, industrial, infrastructure, energy and utility construction. Research breaks down each of these segments into further sub-segments. The commercial construction segment is divided into office buildings, hospitality and luxury buildings, retail buildings, sports facilities, entertainment, restaurant and other commercial buildings. The housing segment is further divided into luxury, mid-range and affordable. The industrial construction segment is divided into production plants, metal and material processing plants, chemical and pharmaceutical plants and other industrial buildings. The infrastructure construction segment is further subdivided into marine and inland waterway infrastructure and inland transportation infrastructure. The Infrastructure Construction segment is divided into Oil & Gas Infrastructure, Power Infrastructure, Communications Infrastructure, and Water & Wastewater Infrastructure.

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Based on geography, the study segments the market into North America, Europe, Asia Pacific and RoW. According to the report, Asia Pacific accounted for the highest market share in 2021 and will maintain its strongest revenue continuity during the forecast period. This is due to the increase in construction activities in India, Vietnam, Indonesia, China and Southeast Asian countries, as well as technological advances, supportive regulatory policies and favorable government norms. However, it is estimated that Europe will witness steady growth during the forecast period, driven by an increase in residential building and apartment renovation activities and an increase in demand for consumer-facing construction activities.

The report also provides a detailed analysis of each region and country based on the above segments and sub-segments. This analysis is valuable in determining segments and regions with tremendous opportunities and increasing the Construction market share in the coming years.

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The report provides a detailed profile and analysis of leading players operating in the construction market. This is helpful in outlining the competitive scenario and determining strategies that need to be employed to gain competitive advantage. Leading players analyzed in the study are China State Construction Engineering Corporation, Vinci SA, China Railway Group Limited, Metallurgical Corporation of China Limited, China Railway Construction Corporation Limited, Bouygues SA, Grupo ACS, Obayashi Corporation, Skanska AB and DR Horton, Inc The study provides its business performance, key strategies and developments, and sales based on business segments to highlight the competitive landscape.

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About us:

Next Move Strategy Consulting is a leading market research and management consulting firm committed to providing clients with strategically analyzed, well-documented, cutting-edge research reports. The research industry is awash with many companies to choose from. What sets Next Move apart from the rest is its world-class research and obsession with turning data into knowledge by analyzing every piece of it and providing fact-based research recommendations backed by information gathered from over 500 million websites, paid databases, industry journals, and Individual consultations with industry experts from a variety of industries have been collected. The high quality, customized research reports with actionable insights and excellent end-to-end customer service help our clients make important business decisions that enable them to go ahead and have a competitive advantage in the industry.

We’ve served over 1,000 clients worldwide for over a decade, including 90% of the Fortune 500 companies. Our analysts constantly follow various high-growth markets and identify hidden opportunities in each sector or industry. We offer one of the industry’s best syndicates as well as custom research reports across 10 different industry verticals. We strive to deliver high quality research solutions in alignment with your business needs. Ranging from pre-consultation to after-sales service, our industry-standard delivery solutions deliver a superior customer experience and ensure the right strategic decision-making for businesses.

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