Industria
Global Construction Industry Forecast - Market Size, Growth Rate And Leading Region, By The Global Market Model
Key insights from the Global Market Model's latest forecast for the construction industry are:
The global construction market was valued at accounting for
The market is expected to grow at a compound annual growth rate of during 2022 to 2032 attributing to the following factors -
The was the leading market in the construction industry, accounting for of the total in 2022.
Global Market Model, in its latest forecast for the construction market, has kept the expected forecast growth (CAGR) over the next ten years unchanged. The low housing prices due to high interest rates and fewer mortgages in circulation, were already taken into account during our previous forecasts update. Hence, our forecasts for this market remained same during this update cycle. The demand for construction activities is likely to get impacted due to recession pressure.
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Through the Global Market Model, gain further in-depth insights on the construction industry by analyzing the key industry metrics -
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