The COVID-19 pandemic has changed the way the construction industry operates. It affected everything from the scheduling of projects and the hiring of workers to meet clients to closing them. The pandemic will have a major impact on the future of many industries.
The construction industry is changing rapidly thanks to new technology. This has helped increase profits, win more projects and improve profitability. The roles of professionals in the industry and frontline workers are being reshaped by current trends and movements.
It takes time to plan and build infrastructure. Most infrastructure projects are designed to support a specific maximum population or use and have a finite life span. Planners in both the public and private sectors face a challenge in forecasting population density and infrastructure use on a forward-looking base. This allows them to design systems that will support future populations for 10-30 years.
The following trends are directly impacting the construction industry: green construction to reduce carbon footprint; bridge lock-up device systems to increase structure life; building information systems to optimize building management; and the use of cutting-edge technologies.
This is where Market.us comes into play.
We use the power of analytics and research for our clients to create and implement platform-based business models, along with making informed decisions.
Market.us has established itself as a reliable source of verifiable business information. We offer extensively valuable insights on various business data needs that professionals in Building and Construction may then use to address potential challenges, thus positively influencing the growth trajectory of their respective organizations or business.
We analyze and comprehend the key trends and developments in the sector to support our clients’ key strategic plans and business decisions. We can provide the right help which our clients can leverage. They can then gain the right business intelligence needed and build more efficient and economically-sound strategies.
We utilize primary and secondary information sources when formulating comprehensively quantifiable strategies that address our clients’ areas of interest.
Market.us provides a short gist on this Building and Construction Industry.
The global Building and Construction sector was valued at USD 8.5 trillion by the end of 2022 and is expected to increase to USD 17.04 trillion by 2032. This growth was projected at a CAGR of 8.5% during the period 2022-2032.
Many European countries, including Spain, Ireland, Romania, and Ireland, have seen a boom in construction in recent years. Asia-Pacific will lead the construction market over the next few years with India and China driving the growth. In the next five years, China, India, Indonesia, and other emerging markets will account for nearly 3/4 of the global construction market.
In 2018, 36% of final energy consumption was accounted for by the buildings and construction industry. 39% of all energy-related carbon dioxide (CO2) emission in 2018 came from energy and process-related CO2. 11% of these emissions were caused by manufacturing building materials, such as steel, cement, and glass.
Our Building and Construction category segmentation encompasses:
Roads & Highways
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Residential Construction, and Improvement