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The global construction market grew from $14503.87 billion in 2022 to $15461.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The construction market is expected to grow to $19519.26 billion in 2027 at a CAGR of 6.0%.
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Construction Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Construction Market Definition Construction is the process of building, altering, repairing, improving, or demolishing any structures or buildings using a detailed design and plan. Click Here To Read More Insights on This Report @The Business Research Company. All rights reserved.
Construction Market Characteristics: Global Construction Market Size Forecast To 2032 The global construction market grew from $14503.87 billion in 2022 to $15461.84 billion 19519.26 in 2023 at a compound annual growth rate 15461.84 14503.87 (CAGR) of 6.6%. The construction market is expected to grow to $19519.26 billion in 2027 at a CAGR of 6.0%. 2022 2023 2027 Click Here To Get A Sample Report @The Business Research Company. All rights reserved.
Key Market Drivers And Trends Drivers Trends The increasing construction activities in emerging markets are expected to propel the growth of the construction market over the coming years. Construction costs have increased steadily due to rising material costs in the historic period. For More Detailed Information On The Market Drivers, Trends, Restraints, Strategies, And Opportunities On The Template Market Request For A Sample @The Business Research Company. All rights reserved.
Construction Market Segments The report covers the Construction market’s segments- By Type of Contractor By End User By Type Private, Public Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development Large Constractors, Small Contractors @The Business Research Company. All rights reserved.
Major companies in the market include China State Construction Engineering Corporation Ltd. China Railway Group Ltd. Key Market Players China Railway Construction Corporation Limited China Communications Construction Co Ltd. China Evergrande Group Click Here To Get A Sample Report @The Business Research Company. All rights reserved.
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