COVID-19 Impact on Construction Market Growth Opportunities, Development Status, Top Leaders, Expansion Strategy and Regional Forecast 2030

Construction Global Market Opportunities And Strategies To 2030: COVID 19 Impact And Recovery Including: By Construction Type: Buildings Construction; Heavy And Civil Engineering Construction; Specialty Trade Contractors; Land Planning And Development By Type Of Buildings Construction: Residential Building Construction; Nonresidential Building Construction By Type Of Heavy And Civil Engineering Construction: Utility System Construction; Highway, Street, And Bridge Construction; Other Heavy And Civil Engineering Construction By Type Of Specialty Trade Contractors: Building Equipment Contractors; Building Finishing Contractors; Foundation, Structure, And Building Exterior Contractors; Other Specialty Trade Contractors By Type Of Land Planning And Development: Residential Land Planning And Development; Commercial And Institutional Land Planning And Development; Industrial Land Planning And Development By End-User Sector: Public; Private Covering: China State Construction Engineering Co., Ltd.; China Railway Group Ltd.; China Railway Construction Corporation Limited.; China Communications Construction Group Ltd.; Vinci S.A.

Market Overview

The global construction market reached a value of nearly $12,744.4 billion in 2019, having increased at a compound annual growth rate (CAGR) of 6.1% since 2015. The market is expected to decline from $12,744.4 billion in 2019 to $12,633.9 billion in 2020 at a growth rate of -0.9%. The growth decline is mainly due to lockdown and social distancing norms imposed by various countries and 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 7.5% from 2021 ad reach $15,482.0 billion in 2023.

Growth in the historic period resulted from strong economic growth in emerging markets, low interest rates in most developed countries, increasing the demand for elderly friendly infrastructure and technological development. Factors that negatively affected growth in the historic period were geo-political tensions, and rising material costs. Going forward, increasing growth in investments in renewable power generation capacities and Urbanization will drive the growth. Factors that could hinder the growth of the construction market in the future include outbreak of coronavirus disease (COVID-19) and health and safety measures.

The construction market is segmented by type into buildings construction, heavy and civil engineering construction, land planning and development and specialty trade contractors. The buildings construction market was the largest segment of the construction market segmented by type, accounting for 51.7% of the total in 2019. Going forward, the land planning and development segment is expected to be the fastest growing segment in the construction market, at a CAGR of 8.6% during 2019-2023.

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The buildings construction market is further segmented by type into residential building construction and nonresidential building construction. The residential building construction market was the largest segment of the buildings construction market segmented by type, accounting for 58.2% of the total in 2019 and going forward, this segment is expected to be the fastest growing segment in the buildings construction market, at a CAGR of 6.0% during 2019-2023.

The heavy and civil engineering construction market is further segmented by type into utility system construction, highway, street, and bridge construction and other heavy and civil engineering construction. The utility system construction market was the largest segment of the heavy and civil engineering construction market segmented by type, accounting for 43.9% of the total in 2019. Going forward, the highway, street, and bridge construction segment is expected to be the fastest growing segment in the heavy and civil engineering construction market, at a CAGR of 4.9% during 2019-2023.

The specialty trade contractors market is further segmented by type into foundation, structure, and building exterior contractors, building equipment contractors, building finishing contractors and other specialty trade contractors. The building equipment contractors market was the largest segment of the specialty trade contractors market segmented by type, accounting for 44.3% of the total in 2019. Going forward, the building finishing contractors segment is expected to be the fastest growing segment in the specialty trade contractors market, at a CAGR of 4.8% during 2019-2023.

The land planning and development market is further segmented by type into residential land planning and development, commercial and institutional land planning and development and industrial land planning and development. The residential land planning and development market was the largest segment of the land planning and development market segmented by type, accounting for 77.9% of the total in 2019 and going forward, this segment is expected to be the fastest growing segment in the land planning and development market, at a CAGR of 8.8% during 2019-2023.

Asia Pacific was the largest region in the global construction market, accounting for 41.0% of the total in 2019. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the construction market will be Middle East, and Asia Pacific, where growth will be at CAGRs of 7.6% and 6.6% respectively. These will be followed by the Easter Europe, and Africa, where the markets are expected to grow at CAGRs of 4.7% and 4.4% respectively.

The construction market is highly fragmented, with a large number of small players. The top ten players constitute about 4.7% of the market. Major players in the market include China State Construction Engineering Co., Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Group Ltd., Vinci S.A. and others

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The top opportunities in the construction market segmented by type, will arise in the buildings construction market segment, which will gain $1,637.1 billion of global annual sales by 2023. The top opportunities in the buildings construction market segmented by type will arise in the residential building construction market segment, which will gain $1,011.5 billion of global annual sales by 2023. The top opportunities in the heavy and civil engineering construction market segmented by type will arise in the highway, street, and bridge construction market segment, which will gain $130.0 billion of global annual sales by 2023. The top opportunities in the specialty trade contractors market segmented by type, will arise in the building equipment contractors segment, which will gain $287.9 billion of global annual sales by 2023. The top opportunities in the land planning and development market segmented by type will arise in the residential land planning and development market segment, which will gain $36.9 billion of global annual sales by 2023.

Markets Covered:

By Construction Type: Buildings Construction; Heavy And Civil Engineering Construction; Specialty Trade Contractors; Land Planning And Development
By Type Of Buildings Construction: Residential Building Construction; Nonresidential Building Construction
By Type Of Heavy And Civil Engineering Construction: Utility System Construction; Highway, Street, And Bridge Construction; Other Heavy And Civil Engineering Construction
By Type Of Specialty Trade Contractors: Building Equipment Contractors; Building Finishing Contractors; Foundation, Structure, And Building Exterior Contractors; Other Specialty Trade Contractors
By Type Of Land Planning And Development: Residential Land Planning And Development; Commercial And Institutional Land Planning And Development; Industrial Land Planning And Development
By End-User Sector: Public; Private

Companies Mentioned: China State Construction Engineering Co., Ltd.; China Railway Group Ltd.; China Railway Construction Corporation Limited.; China Communications Construction Group Ltd.; Vinci S.A.

Geographically, this report is segmented into several key Regions, with production, sales, revenue (million USD), and market share and growth rate of Construction market in these regions, from 2015 to 2030 (forecast), covering

Market Segment by Regions 2015 2020 2030 Share (%) CAGR (2019-2030)
North America xx xx xx xx% xx%
Southeast Asia xx xx xx xx% xx %
Europe xx xx xx xx% xx%
Japan xx xx xx xx% xx %
India xx xx xx xx% xx%
China xx xx xx xx% xx%
Total xx xx xx xx% xx%

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Construction Market Competitive Insights and Future Scope 2020

Global Construction Market Research Report published by market insight reports explores the current outlook in global and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the global market, and divides the Market into several parameters.

This Construction Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes the projected growth of the global market for approaching years from 2019 to 2030. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.

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Market Overview: –

Asia Pacific was the largest region in the global construction market, accounting for 41% of the market in 2019. North America was the second largest region accounting for 26% of the global construction market. Africa was the smallest region in the global construction market.

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. Leading manufacturers such as Komatsu, Caterpillar and Volvo CE are continuously releasing new models of autonomous, semi-autonomous and remote controlled excavators and other heavy equipment. Royal Truck & Equipment is pilot testing with Florida DOT for self-driving crash trucks for work zones.

The construction market consists of the sales revenues earned by entities (organizations, sole traders and partnerships) that construct buildings or engineering projects (e.g., highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs.

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.

Market Scope: –

Markets Covered:
1) By Type: Buildings Construction; Heavy And Civil Engineering Construction; Specialty Trade Contractors; Land Planning And Development
2) By End User Sector: Private; Public

Subsegments Covered: Residential Building Construction; Nonresidential Building Construction; Utility System Construction; Highway, Street, And Bridge Construction; Other Heavy And Civil Engineering Construction; Foundation, Structure, And Building Exterior Contractors; Building Equipment Contractors; Building Finishing Contractors; Other Specialty Trade Contractors; Residential Land Planning And Development; Commercial And Institutional Land Planning And Development; Industrial Land Planning And Development

Companies Mentioned: China State Construction Engineering Co Ltd; China Railway Group Ltd; China Railway Construction Corporation Limited; China Communications Construction Group Ltd; Vinci SA

Metrics Covered: Number of Enterprises; Number of Employees

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, Construction indicators comparison.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Browse in-depth and report summary TOC on “ Construction Market” : –

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Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Construction Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Construction Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

Finally, the Construction market report offers a complete and detailed study of global Construction market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter’s five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except than this, market insight reports will provide customization as per specific demands.

We also offer customization on reports based on specific client requirement:

1- Free country level analysis for any 5 countries of your choice.

2- Free Competitive analysis of any 5 key market players.

3- Free 40 analyst hours to cover any other data points.

Note: – All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Qatar Construction Market To Witness Huge Growth By 2026 BESIX, L&T, GCC, Arabian Construction Company, ASTAD, PetroServ Limited

Image result for Construction

Construction Market – Growth, Trends, And Forecast (2019 – 2024) this market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

The Qatari construction market is expected to register a CAGR of 9.6% over the forecast period, 2019-2024.

Qatar is expected to be among the fastest-growing global construction markets during the forecasted years, with robust growth forecasts as the government works to meet its significant infrastructure requirements.
– The countrys construction industry is expected to benefit from investments made in preparation for the 2022 FIFA World Cup and Qatar National Vision 2030.
– The construction sector will be primarily driven by public investment into the countrys transport and commercial construction sectors. The main trends in the construction sector remain to develop Qatars transport infrastructure, create a modern residential and hospitality environment to support the predicted increase in population and to create a range of world-class sporting venues.

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Market ByTop Leading Players-

BESIX, L&T, GCC (Global Contracting Company), Fluor Corp., Lotte Engineering & Construction Co. Ltd., Jacob Bros Constructions, J&P (Overseas) Ltd., Arabian Construction Company, ASTAD, PetroServ Limited, Boom Construction Company Doha, QD-SBG Construction, Qatar Building Company, Redco Construction Almana, Porr Qatar Construction

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Scope of the Report

Qatar Construction market is expected to witness a CAGR of 6.7% during the forecast period. Certain factors that are driving the market growth include increasing incidence of cardiovascular diseases and rise in demand for minimally invasive procedures.

Market Key Insights-

FIFA World Cup 2022

The Qatar government has planned to spend around USD 103 billion on major infrastructure projects in preparations for the FIFA 2022 World Cup. The construction industry plays a very important role in achieving infrastructure development and thereby attracting foreign direct investments into the country, which is consistent with Qatars vision of becoming a leading hub in the region for world events, including the FIFA 2022 World Cup.

The official budget for World Cup-specific construction ranges between USD 8 billion and USD 10 billion, although that is supported by the USD 200 billion being spent more generally to have a new metro system and huge infrastructure ready for 2022.

Qatar is spending approximately around USD 500 million a week on capital projects; such as stadiums, training camps, athlete villages and infrastructure projects; such as roads, hospitals and transport hubs, which are necessary to make the country ready for 2022..

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Qatar National Vision 2030

Under the Qatar National Vision 2030, the country is set to award an estimated USD 85 billion worth of planned projects in the coming years. Out of these proposed projects (but unawarded), about USD 9.1 billion worth of projects are under study, while about USD 31.7 billion worth of projects are at some stage of tendering, and USD 44 billion projects are in the designing stage. About USD 12.1 billion worth of projects are planned or underway in the oil and gas project market. Upstream projects account for the lion’s share (about 55%) of the country’s oil and gas projects. Qatars ten biggest construction clients together have about USD 55.1 billion worth of projects in execution with Qatari Diar topping the list with about USD 18.5 billion of projects under construction. Barwa Real Estate Company was Qatars second-biggest construction client with about USD 10.9 billion worth of projects under construction followed by Msheireb Properties with about USD 5.7 billion worth of projects in execution.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Qatar and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Construction Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

The research includes historic data from 2014 to 2019 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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