The building construction industry includes establishments involved in the construction of residential and nonresidential buildings.
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The global building construction industry has shown high growth in the past years with a CAGR of about 8%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the building construction market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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The global building construction market is expected to grow at a compound annual growth rate (CAGR) of 10%. This high growth can be attributed to the expected increase in demand for housing in emerging markets such as China and India, due to increasing per capita income, changing consumer lifestyles preferences. Increasing rate of urbanization and development of new cities in emerging economies such as China and India are expected to be major drivers of growth in the forecast period.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are China State Construction Engineering Co.Ltd, China Railway Construction Corporation Limited, D.R. Horton Inc, Kiewit Building Group and Lennar Corporation.
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