The Business Research Company’s latest report Buildings Construction Global Market Report 2020 covers Buildings Construction market drivers, Buildings Construction market trends, Buildings Construction market segments, Buildings Construction market growth rate, Buildings Construction market major players, and Buildings Construction market size. The report provides in-depth analysis of the impact of COVID-19 on the Buildings Construction industry, along with revised market numbers due to the effects of the coronavirus.
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Buildings Construction Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global buildings construction market is expected to decline from $6587.8 billion in 2019 to $6574.4 billion in 2020 at a compound annual growth rate (CAGR) of -0.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $8224.9 billion in 2023.
The report covers the buildings construction market’s segments-
1) By Type: Residential Building Construction, Nonresidential Building Construction.
2) By End User Sector: Private, Public.
3) By Building Type: Smart Buildings, Traditional Buildings.
Subsegments Covered: Single-Family Housing Construction (Individual Houses), Multifamily Housing Construction (Apartments), New Housing For-Sale Builders, Residential Remodelers, Institutional Buildings, Commercial Buildings.
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