Global Construction Industry Databook Report 2024-2028: Technological Advancements Reshaping the Industry, Increased Focus on Sustainability, Labor Shortages and Skills Gaps - ResearchAndMarkets.com

The "Global Construction Industry Databook Series - Market Size & Forecast by Value and Volume (area and units), Q2 2024 Update" report has been added to ResearchAndMarkets.com's offering.

The global construction industry is entering a transformative phase characterized by significant growth opportunities and challenges. As economies recover from the pandemic, various regions are witnessing increased investments in infrastructure, residential, and commercial projects.

This report provides data and trend analyses on Global construction industry, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 1,500+ charts and 1,200+ tables. It details market size and forecast, top cities construction data, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.

The global construction industry is poised for significant growth, driven by government initiatives, urbanization, and increasing foreign investment. As the sector navigates challenges such as rising material costs and labour shortages, stakeholders must remain proactive in leveraging emerging trends and aligning with government priorities.

By embracing sustainable practices, adopting innovative technologies, and fostering strategic partnerships, construction companies can capitalize on the immense opportunities presented by the global construction boom and contribute to long-term prosperity. In summary, the construction industry is at a crossroads where sustainability, technological advancement, and strategic investment will dictate its future trajectory. Executives must focus on agility and adaptability to thrive in this dynamic environment.

• Increased Focus on Sustainability: Sustainability is becoming a central theme in construction, with companies adopting eco-friendly practices and materials. The shift towards green building certifications and energy-efficient designs is a regulatory requirement and a response to growing consumer demand for environmentally responsible projects.
• Technological Advancements Reshaping the Industry: The integration of technologies such as Building Information Modeling (BIM), artificial intelligence (AI), and the Internet of Things (IoT) is transforming construction processes. These technologies enhance project efficiency, improve safety, and reduce costs, enabling firms to deliver projects more effectively.
• Labor Shortages and Skills Gaps: A persistent challenge facing the construction industry is the shortage of skilled labour. As demand for construction services increases, companies struggle to find qualified workers, prompting them to invest in training and development programs to build a more skilled workforce.

Residential Construction: Meeting Growing Housing Demands

• Surge in Housing Demand: The residential construction sector is witnessing a significant uptick in demand, driven by urbanization and population growth. In many regions, particularly in emerging markets, there is a pressing need for affordable housing solutions to accommodate growing urban populations.
• Focus on Affordable Housing Initiatives: Governments are implementing various initiatives to promote affordable housing. For example, in the United States, the Biden administration has proposed increased funding for affordable housing projects as part of its infrastructure plan to address the housing crisis exacerbated by the pandemic.

Commercial Construction: Adapting to Changing Market Dynamics

• Investment in Mixed-Use Developments: The commercial construction sector is evolving, focusing on mixed-use developments that integrate residential, retail, and office spaces. This trend is particularly evident in urban areas where land scarcity necessitates multifunctional spaces that cater to diverse needs.
• Growth of E-commerce and Logistics Facilities: E-commerce has led to increased demand for logistics and distribution centers. Companies are investing in warehouse facilities to streamline their supply chains and meet the growing consumer demand for quick delivery services.

Institutional Construction: Enhancing Public Services

• Increased Spending on Education and Healthcare: Governments worldwide are allocating substantial funds to construct educational and healthcare facilities. For instance, the UK government has significantly invested in school infrastructure and hospital upgrades to improve public services.
• Focus on Disaster Resilience: Institutional projects are increasingly incorporating disaster resilience measures into their designs. This focus ensures that essential services can continue during and after natural disasters, enhancing community safety and preparedness.

Industrial Construction: Supporting Economic Growth

• Expansion of Manufacturing Facilities: The industrial construction sector is experiencing growth driven by increased manufacturing and logistics facilities demand. Governments are promoting local production capabilities to reduce reliance on imports, fuelling investments in this area.
• Investment in Renewable Energy Infrastructure: Significant investments are being made in renewable energy projects, particularly solar and wind energy. Countries are setting ambitious targets for renewable energy capacity, necessitating extensive industrial construction efforts.

Infrastructure Construction: Building for the Future

• Major Infrastructure Projects Underway: Infrastructure construction remains a cornerstone of economic development, with numerous projects underway globally. The Belt and Road Initiative in Asia and significant transportation upgrades in the United States are examples of large-scale infrastructure investments to enhance connectivity and economic growth.
• Focus on Transportation Networks: Governments are prioritizing the development of transportation infrastructure, including roads, railways, and airports, to facilitate trade and improve logistics. Investments in transportation networks are essential for boosting economic competitiveness and regional integration.

Scope for Each Country Report

Market Data and Insights: This report provides market size and forecast across 40+ construction segments for ten years from 2019 - 2028. KPIs covered include the following:

• Market size by value
• Market size by volume of construction
• Number of units

Economic Indicators

Top Cities Construction Data

Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Housing type (multi family, single family)
• Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
• Price point/income level (luxury, mid-tier, affordable)
• Construction stage (new construction, re-development & maintenance)

Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Green building by Housing type (multi family, single family)
• Green building by Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
• Green building by Price point/income level (luxury, mid-tier, affordable)

Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Office (further broken down by Grade A, Grade B, and Grade C)
• Retail (further broken down by Grade A, Grade B, and Grade C)
• Hospitality (further broken down by Grade A, Grade B, and Grade C)
• Restaurant (further broken down by Grade A, Grade B, and Grade C)
• Entertainment
• Sports facility
• Other commercial building construction
• Construction stage (new construction, re-development & maintenance)

Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Office green building construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction

Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)

• Manufacturing Plants building construction
• Chemical & Pharmaceutical building construction
• Metal & Material Processing building construction
• Construction stage (new construction, re-development & maintenance)

Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Healthcare construction
• Educational construction
• Other building construction
• Construction stage (new construction, re-development & maintenance)

Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Healthcare green building construction
• Educational green building construction

Infrastructure Construction Sectors: 10-year market size & forecast in value terms by

• Marine and inland water infrastructure
• Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
• Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
• Construction stage (new construction, re-development & maintenance)

Green Infrastructure Construction: 10-year market size & forecast in value terms

Construction Cost Structure Analysis: 10-year market size & forecast in value terms

• Cost Analysis by Type (Material, Labour, Equipment, Others)
• By Material & Work Cost: It provides the cost outlook of material costs by type of materials used in construction (Cement, Steel, Sand, Aggregates, Bricks, Wood, Windows Glazing, Flooring, Plumbing, Electrical, Painting, Other Materials)
• By Labour Cost: It provides the cost outlook of labour costs (RCC Construction Work, Masonry and Plastering Work, Plumbing Work, Water Proofing Work, Carpentry Work, Electrical Work, Tile Fixing Work, CATV Antenna Points, Painting Work, Departmental Labour)
• By Type of Construction (New, Re-Development)
• By Material Cost: It provides the cost outlook of material costs by type of materials used in construction (Concreting Sand, Stone Aggregate, Ordinary Portland Cement, Reinforced Concrete (Grade 30 MPA), Reinforced Concrete (Grade 40 MPA), High Tensile Steel bars, Mild Steel Round Bars, Structural Steelwork, Plywood Formwork (1800*900*12mm), Clay Bricks)
• Type of Labour (Skilled vs. unskilled)

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