HTF MI recently introduced Global Construction Services Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Bechtel Corporation (United States), China State Construction Engineering Corporation (China), VINCI Construction (France), Skanska AB (Sweden), Bouygues Construction (France), Hochtief AG (Germany), Fluor Corporation (United States), Kiewit Corporation (United States), Obayashi Corporation (Japan), Balfour Beatty plc (United Kingdom), Turner Construction (United States), Shimizu Corporation (Japan), Laing O’Rourke (United Kingdom), Lendlease Corporation (Australia), PCL Construction (Canada).
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According to HTF Market Intelligence, the Global Construction Services market is expected to grow from 12 Trillion USD in 2023 to 18 Trillion USD by 2030, with a CAGR of 10.6% from 2024 to 2030. The market is segmented by Global Construction Services Market Breakdown by Application (Housing, Industrial, Commercial, Infrastructure) by Type (Residential Building Construction, Non-Residential Building Construction, Heavy and Civil Engineering Construction, Specialty Trade Contractors) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
Providing construction services entails a broad range of duties related to the organizing, developing, building, and maintaining infrastructure and systems. Planning before creation, designing by engineers and architects, acquiring materials, managing missions, and carrying out construction are some of these services. Key elements include managing project schedules and costs with venture control and utilizing contemporary technology such as Building Information Modeling (BIM) for precise planning and visualization. Ensuring that substances and workmanship fulfill the required specifications is a crucial aspect of quality control. Safety must always come first, and regulations must be strictly adhered to to guarantee the health and safety of the general public as well as employees. Sustainability is becoming more and more important, with an emphasis on using environmentally friendly materials and techniques to reduce environmental damage.
Market Drivers:
- Increasing urbanization and infrastructure development.
- Government investments in construction projects.
Market Opportunities:
- Expansion in emerging markets.
- Adoption of sustainable building practices.
- Growth in smart city projects.
Dominating Region:
- Asia-Pacific
Fastest-Growing Region:
- Asia-Pacific
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Construction Services market segments by Types: Residential Building Construction, Non-Residential Building Construction, Heavy and Civil Engineering Construction, Specialty Trade Contractors
Detailed analysis of Construction Services market segments by Applications: Housing, Industrial, Commercial, Infrastructure
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Construction Services Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Construction Services Market:
Chapter 01 – Construction Services Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Construction Services Market – Pricing Analysis
Chapter 05 – Global Construction Services Market Background or History
Chapter 06 — Global Construction Services Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Worldwide Construction Services Market
Chapter 08 – Global Construction Services Market Structure & worth Analysis
Chapter 09 – Global Construction Services Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms Chapter 11 – Construction Services Market Research Methodology
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