The global General/Civil Construction Services market reached a value of USD 12.89 trillion in 2021. The industry is projected to grow at a CAGR of around 2.5% in the forecast period of 2022-2027 to reach a value of USD 14.94 trillion by 2027.
The General/Civil Construction Services industry report comprehensively analyses the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The international market is propelled by the progress in the developing and developed nations, increasing population, expanding urbanisation, and the increase in local or domestic production abilities. Asia is the highest category spender by region which is driving the demand for the General/Civil Construction Services industry.
General and civil construction services comprise construction or building and allied engineering services offered including construction activities for buildings and civil engineering, fixing and fitting assemblage activities, along with completing the building and other related work. The industry provides services to build huge structures such as buildings, bridges, etc. Also, professional engineering services in this sector include all architectural and engineering facilities. The global General/Civil Construction Services industry report comprises segments based on region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa).
The construction services market in Asia has been expanded by mutual trade contracts and assistance from China to boost the Chinese investments in Latin America. The growth of the Asian market is also propelled by the suggested government expenditure on infrastructure ventures. Moreover, even though the construction activities are moving sluggishly in China in terms of growth, it, however, holds a 60% share in the region and remains the major market. Furthermore, owing to the vigorous construction activities in emerging nations like China, Brazil, India, Saudi Arabia, and Indonesia, there has been an escalation in the market growth. Additionally, the rise in foreign investments and the existing production footprint in India are giving further momentum to the progress of the market.
The worldwide construction services market is primarily pushed by the growth in urbanisation, increasing population, and the rise in local production activities. The construction activities have seen a rise in both residential and non-residential segments which is improving the face of the market. In addition, there has been a huge revolution in the transportation industry, and reforming it resulted from globalisation which is further facilitating the progress of the construction services market. Besides, the growth in the infrastructural initiatives and investments made by the government in the housing industry is also driving the market.
Nevertheless, major issues connected with the growth of the industry in both the short and medium term may be listed as interruptions in the supply of electricity, heightened shortages of labour, increasing prices of oil, and challenges in the supply chain.
The global General/Civil Construction Services oil industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by General/Civil Construction Services providing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.
The general and civil construction service market comprises the revenues and profits from sales done by organisations or partners that conduct construction activities to build buildings, bridges, and other infrastructural structures along with engineering ventures such as highways and utility systems. Businesses that arrange or set up sites for new construction activities and those that split up the land for sale as developing sites are also a part of this market. The construction services market consists of new activities, add-ons, embellishment, renovations, fixes, and upkeep, alongside building distribution lines, structures for utilities, and installation of specialised building equipment like elevators, escalators, and service station equipment.
The sustained and lifted investment and other steps taken by the government to assist the expansion of the housebuilding projects in the residential sector are in turn leading to the growth of global construction services. Additionally, investments in the infrastructure and energy and utility divisions have been a key factor for the recuperation in the complete construction productivity. For instance, the residential housing segment in the US construction industry has been the major driver of rising in the overall construction activity.
The key zones in the industry are North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The construction services firms are progressively utilising self-sufficient or automated construction vehicles and robust equipment to enhance output. These autonomous vehicles and equipment are fitted with sensors, cameras, and GPS that help in gathering real-time information that in turn supports remotely monitoring Jobsite and decreases the time for construction. Moreover, diverse technologies that are being utilised at present in the construction services industry for engineering and design are ArchiCAD, ConSteel, REVIT, NavisWroks, DataCAD, CADKEY, Nemetschek, Corel Draw, and Atlantis.
1. Executive Summary
2. General/Civil Construction Services Market Snapshot
2.1. General/Civil Construction Services Market Outlook
2.2. Region Overview
2.2.1. North America
2.2.3. Asia Pacific
2.2.4. Latin America
2.2.5. Middle East and Africa
3. Impact of Recent Events
4. General/Civil Construction Services Value Chain Analysis
5. General/Civil Construction Services Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. General/Civil Construction Services Cost Structure
9. General/Civil Construction Services Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. General/Civil Construction Services Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. Swot Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New Entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Skanska AB
14.2. Strabag SE
14.3. Vinci SA
14.4. Actividades de Construcción y Servicios, S.A
14.5. GS E&C Corp.
In 2021, the global attained a value of USD 12.89 trillion 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 2.5%.
The global construction services market is primarily pushed by the growth in urbanisation, increasing population, and the rise in local production activities.
The major regions in the industry are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Some of the leading players in the industry are Skanska AB, Strabag SE, Vinci SA, Actividades de Construcción y Servicios, S.A, and GS E&C Corp.
The global General/Civil Construction Services market reached a value of USD 12.89 trillion in 2021 and is projected to grow at a CAGR of around 2.5% in the forecast period of 2022-2027. The growth of the Asian market is also propelled by the suggested government expenditure on infrastructure ventures. Moreover, China holds a 60% share in the region and remains the major market. The worldwide construction services market is primarily pushed by the growth in urbanisation, increasing population, and the rise in local production activities along with the rise in the construction activities in both residential and non-residential segments. Some of the leading players in the industry are Skanska AB, Strabag SE, Vinci SA, Actividades de Construcción y Servicios, S.A, and GS E&C Corp.
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