: 5 · The Philippines construction market size was $65.2 billion in 2023. The market will achieve an AAGR of more than 7% during 2025-2028. The government’s focus on infrastructure and energy development will support market expansion in real terms in 2024. Furthermore, the government’s focus on developing transport and energy
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Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator for the U.S. was up slightly at 8.3 months in March 2022, up 0.5 months from March 2021. Because the backlog identifies the amount of construction activity currently in the pipeline, higher backlogs generally indicate greater construction demand.
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UK Construction Market size was valued at USD 239.46 billion in 2022 and is projected to register a CAGR of over 3.5% between 2023 and 2032. As European countries prioritize energy efficiency, sustainability, and technological integration in building projects, the UK construction sector has been compelled to adapt to these evolving trends to
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January 16, 2024 — Global Construction forecasts that the volume of construction output will grow by 85% to $15.5 trillion worldwide by 2030. 1 In recent years, litigation trends, a challenging labor market, building and labor cost escalation, and supply-chain disruptions have heightened the complexity of claims risk in the construction industry.
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· The China construction market size was $4.7 trillion in 2023. The market will achieve an AAGR of more than 3% during 2025-2028. The following are some of the key highlights of the China construction market: The China construction market growth will be supported by investment in energy and infrastructure projects during the forecast period.
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Construction Market by Type (Renovation and New Construction), by Sector (Real Estate, Infrastructure, and Industrial)-Global Opportunity Analysis and Industry Forecast, 2024–2030 Market Definition The Construction Market size was valued at USD 10436.02 billion in 2023, and is predicted to reach USD 16108.43 billion by 2030, with a CAGR of
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· The construction industry is set for significant transformation in 2024, driven by innovative technologies, sustainable practices, and evolving market dynamics. From advancements in digital tools to a stronger focus on environmental responsibility,
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· The New Zealand construction market size was $56.3 billion in 2023 and will achieve an AAGR of 3% during 2025-2028. The New Zealand construction market research report offers a comprehensive understanding of project types and construction activities in the country. The market report further discusses the key sectors in the
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· Construction Market – Latest News & Developments. In September 2023, the government announced it plans to add 2,500km of high-speed railway lines and expand its total rail network by 50,000km by 2025. Furthermore, the NDRC and the Ministry of Transport’s plan to construct 461,000km of highways by 2035, with 162,000km of
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The Australia Construction Market size is estimated at USD 172.29 billion in 2024, and is expected to reach USD 225 billion by 2029, growing at a CAGR of 5% during the forecast period (2024-2029). The huge investment flowing in the industry is driving the market. Furthermore, the industry is being driven by technological innovation and demand
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· This paper presents an economic framework for designing demand curves in Forward Capacity Market (FCM). Capacity demand curves have been recognized as a way to reduce the price volatility inherited from fixed capacity requirements. However, due to the lack of direct demand bidding in FCM, obtaining demand curves that
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Global Residential Construction Market Outlook. The global residential construction market size reached approximately USD 4.92 trillion in 2023. The market is further projected to grow at a CAGR of 5.0% between 2024 and 2032, reaching a value of USD 7.66 trillion by 2032.
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The global construction equipment market was valued at USD 190.23 billion in 2022 and growing at a CAGR of 8.7% from 2023 to 2032. The prospering construction industry and the introduction of modern automation technology is anticipated to positively impact the construction equipment market. The expanding infrastructure projects across
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The construction industry entered 2023 marked by a 7% increase in nominal value added and a 6% increase in nominal gross output compared to the previous year. 1 As of the
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This study develops a model to forecast the size of demand in the construction market based on a systematic approach. The developed model’s primary utilization value is to analyze the existing demand environment and forecast the future demand scale. Changing the construction industry’s demand structure can provide a basis for structural
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The 2023 Global Construction Survey finds the industry in a cautiously optimistic mood, as the combination of widespread government infrastructure stimuli, the renewable energy
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:Construction Market ReportGlobal Construction Market Size 2022 · According to the AIA Construction Consensus Spending Forecast, the outlook for construction volume is negative for most sectors over the next two years.
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· KEY MARKET INSIGHTS. The global modular construction market size was USD 79.92 billion in 2022 and is projected to grow from USD 84.48 billion in 2023 to USD 131.58 billion by 2030, exhibiting a CAGR of 6.5% during the forecast period. The Asia Pacific dominated the modular construction market with a share of 45.34% in 2022.
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· As we step into 2023, the construction market continues to show resilience despite the challenges posed by the COVID-19 pandemic and other economic uncertainties. In this article, we will explore the current state of the construction market, highlighting key trends, challenges, and opportunities. Resilience The construction
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:Construction Market SizeConstruction Market ReportThe global construction market size was valued at USD 12,633.9 billion in 2021 and is anticipated to expand at a CAGR of 6.2% during the forecast period, 2022–2030. The
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:Construction Market ForecastGlobal Construction Market Size 2022 · The Federal Open Market Committee (FOMC) continues fine-tuning interest rates to return inflation to the targeted 2% range. The CBRE Construction Cost Index showed a decline in annual escalation compared to the record high 2022. 2023 concluded at 4.9% (± 2%). This is still higher than the industry pre-COVID average of 2-5% per year.
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The construction tech industry in the United States is expected to reach a market share of US$ 3,409.2 million by 2033, expanding at a CAGR of 14.1%. The increased investment in infrastructure development has led to a surge in demand for construction technology solutions and services.
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16 April 2024. Our construction market outlook report analyses the latest economic and market data in the UK. We look at the impact of trends on the construction industry – both in the short and longer-term. As we move through 2024, we reflect on the current state of the market. Despite anticipated growth towards the end of the year, global
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· Access a live Vietnam Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028 dashboard for 12 months, with up-to-the-minute insights. Fuel your decision making
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· The Ethiopia construction market size was $54.8 billion in 2022. The market is projected to attain an AAGR of more than 8% during 2024-2027. The industry’s growth over the forecast period will be attributed to the rising foreign direct investment (FDI) in the country, coupled with the re-start of halted development projects, followed by the
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Oct 04, 2023-Precast Concrete Construction Market is projected to register a high CAGR from 2023 to 2030. Geographically, the market is classified into major regions such as North America, Europe, Asia Pacific, Latin America, Middle East, and Africa
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· The Australia construction market size was $186.5 billion in 2023 and will achieve an AAGR of more than 2% during 2025-2028. The Australia construction market research report gives a comprehensive understanding of project types and construction activities in the country. The report analyzes the mega-project pipeline, focusing on
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· The industrial construction sector’s market size was estimated at $11.3 billion in 2022. Overview of the Construction Industry in Canada The construction industry plays a vital role in the Canadian economy by developing commercial buildings and private homes to meet the demands of a growing population as well as through non-building
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The global industry was valued at US$ 12.1 Bn in 2022. It is estimated to grow at a CAGR of 4.5% from 2023 to 2031 and reach US$ 17.1 Bn by the end of 2031. Analysts’ Viewpoint. Increase in industrialization, and growth in population in developing regions are major factors fueling the construction market size.
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:Construction Market SizeConstruction Market Report15 · The global industry was valued at US$ 12.1 Bn in 2022. It is estimated to grow at a CAGR of 4.5% from 2023 to 2031 and reach US$ 17.1 Bn by the end of 2031. Analysts’ Viewpoint. Increase in
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