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Global General/Civil Construction Services Industry Report: Analysis and Forecast 2022-2027

Global General/Civil Construction Services Industry Report: Analysis and Forecast 2022-2027

Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the General/Civil Construction Services Industry Report

The global General/Civil Construction Services industry was valued to be worth USD 12.89 trillion in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 2.5 percent, achieving a value of around USD 14.94 trillion by 2027.

The General/Civil Construction Services industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. The worldwide market for construction services is pushed by the development in the emerging and established economies, growth in the population, rise in urbanization, and the surge in domestic production capabilities. Asia is the biggest category spender by region which is impelling the demand for the General/Civil Construction Services industry.

General/Civil Construction Services: Industry Definition and Segmentation

Scope

The general and civil construction services industry consists of building and associated engineering activities provided by firms such as building and civil engineering services, installation and assembling activities, finishing the building, and other correlated activities. The market offers services to construct big structures like bridges, buildings, etc. In addition, all architectural and engineering services are included in the professional engineering services.

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The General/Civil Construction Services industry report comprises segments by:

  • Region – Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

Snapshot of the Report

The regional market for the Meetings & Events industry can be divided into North America, Europe, Asia Pacific, and Latin America.

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Category Drivers

  • The global construction services market is mainly pushed by the rise in urbanization, growing population, and the increase in domestic production activities.
  • The construction services have witnessed an increase in both residential and non-residential sectors which is boosting the market.
  • There has been a high-level revolution in the transportation industry and modernizing it resulted from globalization which is further enabling the advancement of the construction services market.
  • The growth in the investments and infrastructural initiatives put together by the government in the housing sector is also propelling the progress of the market.

Category Insight by Region

  • 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.
  • 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.
  • Due 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.
  • The increase in foreign investments and the existing production outline in India are giving further momentum to the progress of the market.

Best Procurement Practices

The Procurement Resource’s global General/Civil Construction Services industry report gives an extensive analysis of the best buying practices followed by General/Civil Construction Services supplying and consuming regions around the world, including engagement models, buyer, and supplier negotiation levers, and contract terms among others.

Category Management Analyses

The general and civil construction service market encompasses the returns and profits from sales done by firms or partners that perform construction activities to construct buildings, bridges, and other infrastructural buildings along with engineering projects such as highways and utility systems. Corporations that organise or set up sites for new construction pursuits and those that split up the land for sale as emerging sites are also a part of this market. The construction services market involves embellishment, new activities, add-ons, fixes, upkeep, and renovations, alongside structures for utilities, building distribution lines, and systems and fittings of specialised building equipment like elevators, escalators, and service station equipment.

Strategic Market Players Incorporated in the Global General/Civil Construction Services Industry Report

The prominent companies in the market are Skanska AB, Strabag SE, Vinci SA, Actividades de Construcción y Servicios, S.A, and GS E&C Corp.

The industry report contains mergers and acquisitions, plant shutdowns, investments/divestments, capacity additions, and other latest developments in the market.

Also Check Other Industry Reports

We Provide Lots of Industries Reports With Full Analysis, For That You Should Visit Our Procurement Resource Website, Apart From This, We Also Provide the Latest Price Trends of Various Products Including Almonds Price, Acetone Price and Barley Price.

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Procurement Resource

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts.