Building and Construction Market Research Reports, Analysis & Trends
The building and construction industry includes the complete process of the construction of buildings, infrastructure, industrial facilities and their associated activities. The global buildings construction market is growing rapidly backed by the rising demand for housing and working spaces for the increasing population. According to the data by the World Bank, the global population reached 7.753 billion in 2020. Moreover, out of these, 4.352 billion people reside in urban areas, which means 56.15% of the total global population is urban population. In addition to this, activities, such as, migration to cities for work or higher education, have increased the stress on urban infrastructure t Read More...The building and construction industry includes the complete process of the construction of buildings, infrastructure, industrial facilities and their associated activities. The global buildings construction market is growing rapidly backed by the rising demand for housing and working spaces for the increasing population. According to the data by the World Bank, the global population reached 7.753 billion in 2020. Moreover, out of these, 4.352 billion people reside in urban areas, which means 56.15% of the total global population is urban population. In addition to this, activities, such as, migration to cities for work or higher education, have increased the stress on urban infrastructure to accommodate the growing population in the cities. The global urban population increased by 1.827% in 2020, as compared to 2019. This has generated a massive demand for construction of new buildings, including residential buildings, offices and banks, shopping arcades, parks and recreational centers, and industries to support the growing needs of the people. At present, the building and construction industry is witnessing immense magnification, with a wide variety of market players investing in the market. The key players range from manufacturers of raw materials such as adhesives or cement, to construction cobots, designers, as well as construction firms.
Moreover, some of the latest building and construction market trends, which include the adoption of sustainable construction practices in the industry, such as the introduction of zero-waste buildings, and green cement, is expected to expand the building and construction market size significantly in the coming years. According to the data by the U.S. Environment Protection Agency (EPA), buildings account for 39% of the total energy use, while it accounts for 68% of the total electricity use. Furthermore, economic development is bound to raise the demand for investments in new constructions. In developing economies, the construction industry is estimated to attain significant growth, as infrastructure is expanding in the developing economies. Moreover, countries with more tourism opportunities require more infrastructures for tourist accommodations. The building and construction market research reports by Kenneth Research cover five major regions, including, North America, Europe, Asia Pacific, South America, and Middle East and Africa.
Kenneth Research is a global market research and consultancy platform that provides research analysis for more than 14 different sectors and industries. The building and construction market analysts at Kenneth Research provide proficient market insights that can help any existing or new market player to expand their business. The detailed building and construction market analysis by Kenneth Research delivers answers to various queries of the market players, such as, how to stay upfront of the contemporary construction companies. Moreover, our research reports provides solutions based on the use of environment friendly construction practices in the building and construction industry.