Construction Market Huge Growth Opportunities and Trends to 2030

1. The Construction Market size was valued at USD 7.28 trillion in 2021 and is predicted to reach USD 14.41 trillion by 2030 with a CAGR of 7.3% from 2022-2030. Construction is the process of constructing a structure such as building, framework or model using various materials. Any construction project is made out of specific variations within a fixed framework of distinct stages - design, production and conversion of raw materials into manufactured products, and construction. Each of these stages consist of its own internal stages, processes, and aspects that combine together to complete a construction project. The market by value is defined as the revenues that enterprises gain from goods and/or services within the specified market and geography. It does not include revenues from resales either further along the supply chain or as part of other products. Only goods and services traded between entities or to end consumers are included. Whether specifically stated or not, the markets for goods include related services and the markets for services include related goods. The revenues for a specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. Value is defined as revenues generated from goods or services in a given market through sales, grants or donations in terms of currency. Access Full Description of this report at: - https://www.nextmsc.com/report/construction-market Construction is the installation, maintenance, and repair of buildings and other stationary structures, as well as the construction of roadways and service facilities that form fundamental components of structures and are required for their operation. Construction encompasses the processes involved in constructing buildings, infrastructure, and industrial facilities, as well as related operations, from start to finish. A complete assessment of the Construction Market includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments in the report. The report sheds a light on the market trends like growth factors, restraints, and opportunities in this sector. The competitive landscape of the Construction Market is depicted through the profiles of active key players. Some of the major key players in the construction market are: China State Construction Engineering Corporation, China Railway Group Limited, Vinci SA, China Railway Construction Corporation Limited, Metallurgical Corporation of China Limited, Grupo ACS, Bouygues S.A., Skanska AB, Obayashi Corporation and D.R. Horton, Inc. among others. Recent Developments: •January 2022: The Heavy Civil Infrastructure business of L&T Construction won a prestigious order from Delhi Metro Rail Corporation Limited (DMRC) to design and construct the Underground Metro Project of Phase-1 of Patna MRTS. The major scope of work for the project comprises design & construction of a Twin Tunnel by Shield TBM of approximately 6 Km, Tunnel by Cut & Cover, an Underground (UG) Ramp at Rajendra Nagar and six UG Metro Stations located at Rajendra Nagar, Moin Ul Haq Stadium, University, PMCH, Gandhi Maidan, and Akashvani, along with other associated structures including architectural finishing, water supply, sanitary installation, and drainage works on the new ISBT to Patna Station of Corridor- 2 of Phase-1 of Patna MRTS. The project passes through the heart of Patna City and is scheduled to be completed within 42 months. •December 2021: Indian Hotels Company (IHCL) collaborated with TATA Projects Limited for the construction of its new Ginger hotel at Santacruz, Mumbai, by an all-woman engineering

2. team. The 371-room hotel with a built-up area of over 19,000 square meters will be constructed over a course of 19 months. The building process will incorporate the latest construction techniques and technologies. Located at a prime location in close proximity to Mumbai Airport and Western Express Highway, this will be a flagship Ginger hotel and is being constructed by one of India’s leading construction companies. Request sample copy of this report at:- https://www.nextmsc.com/construction-market/request-sample About Next Move Strategy Consulting Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses. For more insights, please visit, https://www.nextmsc.com