Lucintel Forecasts Construction Industry to Reach $12.9 Billion by 2028


Posted March 28, 2023 by Lucintel

According to the recent study the construction industry is projected to reach an estimated $12.9 billion by 2028 from $9.9 billion in 2022, at a CAGR of 4.4% from 2023 to 2028

 
According to the recent study the construction industry is projected to reach an estimated $12.9 billion by 2028 from $9.9 billion in 2022, at a CAGR of 4.4% from 2023 to 2028. Growth in this market is primarily driven by increasing housing starts and rising infrastructure due to increasing urbanization and growing population.
Browse XX figures / charts and XX tables in this 196 -page report to understand trends, opportunities and forecast in construction industry by type (residential, non-residential, and infrastructure) and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report by clicking on below link https://www.lucintel.com/construction-market.aspx

“Residential construction market is expected to remain the largest segment during the forecast period.”
Based on type, the construction industry is segmented into r residential, non-residential, and infrastructure. Lucintel forecasts that the residential construction market is expected to remain the largest segment due to rising per capita income and higher disposable income.
“Asia pacific will dominate the construction industry in near future”
Asia Pacific will remain the largest region due to increasing urbanization and higher expenditure on infrastructural development in this region. Growing population, increasing consumer spending, and affordable housing financing solutions in developing countries, such as India and China, are driving the construction industry in this region.
Download Brochure of this report by clicking on https://www.lucintel.com/construction-market.aspx
Major players of construction industry are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. China Railway Group Limited, China Railway Construction Corp. Limited, China Communications Construction, Grupo ACS, China State Construction Engineering, Vinci, Bouygues, HOCHTIEF, and Metallurgical Corporation of China are among the major construction industry providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/construction-market.aspx or [email protected]
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Issued By LUCINTEL
Country United States
Categories Business
Last Updated March 28, 2023