(EMAILWIRE.COM, December 21, 2018 ) The Business Research Companys global construction market analysis covers the year-on-year growth of the global construction market historic and forecast growth. It also includes chapters on the construction market trends, geographical analysis, and competitive landscape.
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The global construction market is forecast to grow at a CAGR (compound annual growth rate) of around 8.5% by 2020.
Market Segmentation
According to TBRCs global construction market research, the market is split by segments into Building Construction, Heavy And Civil Engineering Construction and Specialty Construction Contractors.
Buildings Construction was the largest segment in the market at 50% of the market share. This was mainly due to the large number of building construction companies in both developed and developing countries. This segment includes establishments involved in the construction of residential and nonresidential buildings.
Heavy and Civil Engineering Construction was the second largest segment. This segment market comprises companies carrying out utilities, highway, street and bridge construction. This market also includes companies servicing land and subdividing property into lots for sale to builders.
Specialty Construction Contractors was the third largest segment in the market. This segment includes establishments involved in performing specific activities such as pouring concrete, site preparation, plumbing, painting and electrical work related to construction of buildings. These establishments are not responsible for an entire construction project but perform activities such as new work, additions, alterations, maintenance and repairs.
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Buildings Construction had the highest CAGR (compound annual growth rate) of 8% during 2013-2017; this segment is expected to grow at a CAGR of around 10% during 2017-2021. This high growth was mainly due to surging urban population in many developing countries, increasing private and public investments in infrastructure in both developed and developing economies.
The global construction market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global Building Construction, Heavy And Civil Engineering Construction and Specialty Construction Contractors markets segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are China State Construction Engineering Co., Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Group Ltd. and Vinci SA.
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