Construction market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 6, 2023 /PRNewswire/ -- According to Technavio, the global construction market size is estimated to grow by USD 1,123.8 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 5.3% during the forecast period. APAC will account for 50% of the market's growth during the forecast period - For more Insights on market size Request a sample report

Global construction market - Five forces
The global construction market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global construction market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global construction market - Segmentation assessment

Segment overview
Technavio has segmented the market based on type (buildings construction, heavy &civil engineering, land planning and development, and specialty trade contractors), end-user (private sector and public sector), and geography (APAC, Europe, North America, Middle East, and Africa, and South America). 

• The market share growth of the building construction segment will be higher than the other segments during the forecast period. Building construction has increased as the burden on the fastest-growing cities has intensified. The primary driver of the building construction sector is certainly the rise in spending on construction-related activities.

Geography Overview
By geography, the global construction market is segmented into APAC, Europe, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global construction market.

• APAC will account for 50% of the market's growth during the forecast period. The expansion of the construction industry in APAC is due to increasing construction activity in developing nations like India, Afghanistan, and Bangladesh. In APAC, the construction industry is expected to expand gradually during the forecast period, creating a need for new infrastructure to accommodate the expanding urban population's need for homes and businesses.

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Global construction market – Market dynamics

Key factor driving market growth

• Increasing infrastructure investment is a key factor in the growth of the market.
• Governments all around the world make major investments in the construction of sports facilities and infrastructure. Over the following 10 years, it is anticipated that investments in capital-intensive projects and infrastructure development will rise dramatically, boosting market expansion.
• Governments, however, are eager to spend money on hospital construction and healthcare infrastructure. It is projected that these expenditures in the building sector will accelerate market growth.

Leading trends influencing the market 

• The emergence of smart cities is an important growth trend in the market.
• In order to manage city operations efficiently, smart cities integrate information and communication while utilizing the most recent technologies. The emergence of smart cities results in advancements in functional areas including management, energy efficiency, and sustainability.
• The necessity for installing traffic safety equipment in advanced road network systems is growing as the number of smart city projects expands globally. Furthermore, the adoption of dry construction techniques and the development of green buildings will boost the market growth during the forecast period.

Major challenges hindering the market growth

• The lack of work in the construction industry is a major challenge to the growth of the market.
• The problem of a shortage of trained workers is particularly severe in a number of locations, including APAC, Europe, and South America. This makes it more challenging to outsource work to other nations.
• One way the construction industry and the government are trying to intervene is by hiring immigrants. However, the majority of immigrants are illiterate and ignorant. Such factors are expected to hinder the growth of the market during the forecast period.

Driver, Trend & Challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this construction market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the construction market between 2023 and 2027
• Precise estimation of the size of the construction market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the construction market across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of construction market vendors

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Related Reports:

Commercial Construction Market in US by Sector, Type, and Geography - Forecast and Analysis 2023-2027: The US commercial construction market is estimated to grow at a CAGR of 1.62% between 2022 and 2027. The size of the market is forecast to increase by USD 107.69 billion. The increase in the construction of green buildings is notably driving the market growth, although factors such as a lack of workforce in the construction industry may impede the market growth.

Smart Buildings Market by Product, Solution, and Geography - Forecast and Analysis 2023-2027: The smart buildings market is estimated to grow at a CAGR of 9.73% between 2022 and 2027. The size of the market is forecast to increase by USD 46,123.2 million. The growing need for building automation to enhance business outcomes is notably driving the market growth, although factors such as high switching and installation cost may impede the market growth.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global construction market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global construction market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Buildings construction - Market size and forecast 2022-2027
• Exhibit 34: Chart on Buildings construction - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Buildings construction - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Buildings construction - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Buildings construction - Year-over-year growth 2022-2027 (%)

• 6.4 Heavy and civil engineering construction - Market size and forecast 2022-2027
• Exhibit 38: Chart on Heavy and civil engineering construction - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Heavy and civil engineering construction - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Heavy and civil engineering construction - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Heavy and civil engineering construction - Year-over-year growth 2022-2027 (%)

• 6.5 Land planning and development - Market size and forecast 2022-2027
• Exhibit 42: Chart on Land planning and development - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Land planning and development - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Land planning and development - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Land planning and development - Year-over-year growth 2022-2027 (%)

• 6.6 Specialty trade contractors - Market size and forecast 2022-2027
• Exhibit 46: Chart on Specialty trade contractors - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Specialty trade contractors - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Specialty trade contractors - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Specialty trade contractors - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Type
• Exhibit 50: Market opportunity by Type ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 51: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 52: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user
• Exhibit 53: Chart on Comparison by End-user
• Exhibit 54: Data Table on Comparison by End-user

• 7.3 Private sector - Market size and forecast 2022-2027
• Exhibit 55: Chart on Private sector - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Private sector - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Private sector - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Private sector - Year-over-year growth 2022-2027 (%)

• 7.4 Public sector - Market size and forecast 2022-2027
• Exhibit 59: Chart on Public sector - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Public sector - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Public sector - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Public sector - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user
• Exhibit 63: Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 India - Market size and forecast 2022-2027
• Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.10 US - Market size and forecast 2022-2027
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography
• Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers
• 10.2 Market challenges
• 10.3 Impact of drivers and challenges
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027
• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview
• 11.2 Vendor landscape
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
• 11.3 Landscape disruption
• Exhibit 112: Overview on factors of disruption
• 11.4 Industry risks
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 114: Vendors covered
• 12.2 Market positioning of vendors
• Exhibit 115: Matrix on vendor position and classification
• 12.3 Actividades de Construccion y Servicios SA
• Exhibit 116: Actividades de Construccion y Servicios SA - Overview
• Exhibit 117: Actividades de Construccion y Servicios SA - Product / Service
• Exhibit 118: Actividades de Construccion y Servicios SA - Key offerings
• 12.4 Al Habtoor Group LLC
• Exhibit 119: Al Habtoor Group LLC - Overview
• Exhibit 120: Al Habtoor Group LLC - Product / Service
• Exhibit 121: Al Habtoor Group LLC - Key offerings
• 12.5 BAUER AG
• Exhibit 122: BAUER AG - Overview
• Exhibit 123: BAUER AG - Business segments
• Exhibit 124: BAUER AG - Key offerings
• Exhibit 125: BAUER AG - Segment focus
• 12.6 Bechtel Corp.
• Exhibit 126: Bechtel Corp. - Overview
• Exhibit 127: Bechtel Corp. - Product / Service
• Exhibit 128: Bechtel Corp. - Key news
• Exhibit 129: Bechtel Corp. - Key offerings
• 12.7 China Railway Group Ltd.
• Exhibit 130: China Railway Group Ltd. - Overview
• Exhibit 131: China Railway Group Ltd. - Product / Service
• Exhibit 132: China Railway Group Ltd. - Key offerings
• 12.8 China State Construction Engrg. Corp. Ltd.
• Exhibit 133: China State Construction Engrg. Corp. Ltd. - Overview
• Exhibit 134: China State Construction Engrg. Corp. Ltd. - Business segments
• Exhibit 135: China State Construction Engrg. Corp. Ltd. - Key offerings
• Exhibit 136: China State Construction Engrg. Corp. Ltd. - Segment focus
• 12.9 Etex NV
• Exhibit 137: Etex NV - Overview
• Exhibit 138: Etex NV - Business segments
• Exhibit 139: Etex NV - Key news
• Exhibit 140: Etex NV - Key offerings
• Exhibit 141: Etex NV - Segment focus
• 12.10 Hindustan Construction Co. Ltd.
• Exhibit 142: Hindustan Construction Co. Ltd. - Overview
• Exhibit 143: Hindustan Construction Co. Ltd. - Business segments
• Exhibit 144: Hindustan Construction Co. Ltd. - Key offerings
• Exhibit 145: Hindustan Construction Co. Ltd. - Segment focus
• 12.11 Larsen and Toubro Ltd.
• Exhibit 146: Larsen and Toubro Ltd. - Overview
• Exhibit 147: Larsen and Toubro Ltd. - Business segments
• Exhibit 148: Larsen and Toubro Ltd. - Key news
• Exhibit 149: Larsen and Toubro Ltd. - Key offerings
• Exhibit 150: Larsen and Toubro Ltd. - Segment focus
• 12.12 Lendlease Corp.
• Exhibit 151: Lendlease Corp. - Overview
• Exhibit 152: Lendlease Corp. - Business segments
• Exhibit 153: Lendlease Corp. - Key offerings
• Exhibit 154: Lendlease Corp. - Segment focus
• 12.13 MCC
• Exhibit 155: MCC - Overview
• Exhibit 156: MCC - Product / Service
• Exhibit 157: MCC - Key offerings
• 12.14 Shimizu Corp.
• Exhibit 158: Shimizu Corp. - Overview
• Exhibit 159: Shimizu Corp. - Business segments
• Exhibit 160: Shimizu Corp. - Key offerings
• Exhibit 161: Shimizu Corp. - Segment focus
• 12.15 Skanska AB
• Exhibit 162: Skanska AB - Overview
• Exhibit 163: Skanska AB - Business segments
• Exhibit 164: Skanska AB - Key offerings
• Exhibit 165: Skanska AB - Segment focus
• 12.16 Vinci SA
• Exhibit 166: Vinci SA - Overview
• Exhibit 167: Vinci SA - Business segments
• Exhibit 168: Vinci SA - Key offerings
• Exhibit 169: Vinci SA - Segment focus
• 12.17 ZEPPELIN GmbH
• Exhibit 170: ZEPPELIN GmbH - Overview
• Exhibit 171: ZEPPELIN GmbH - Product / Service
• Exhibit 172: ZEPPELIN GmbH - Key offerings

13 Appendix

• 13.1 Scope of the report
• 13.2 Inclusions and exclusions checklist
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist
• 13.3 Currency conversion rates for US$
• Exhibit 175: Currency conversion rates for US$
• 13.4 Research methodology
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources
• 13.5 List of abbreviations
• Exhibit 179: List of abbreviations

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