The construction industry includes architectural services, the physical processes of building, infrastructure development, civil engineering, the assembly and installation of prefabricated components and equipment, and repairs and maintenance for already built structures.
The global construction market was valued at around $17 trillion in 2017. Asia Pacific was the largest region in the construction market in 2017, accounting for more than 60% market share. China was the largest country in the market in 2017, accounting for nearly 35% market share.
Construction companies are increasingly using autonomous construction vehicles and heavy equipment to improve productivity. These automated vehicles are equipped with sensors, cameras and GPS. Real-time data obtained from these devices helps in remote monitoring of jobsite and reduces construction time. Vehicles connected through IoT, telematics and RFID tracking technologies are also helping the construction industry to be more collaborative, efficient and safe.
The top five companies covered are China State Construction Engineering Co., Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Group Ltd. and Vinci SA. China State Construction Engineering Corp. was the largest company in the construction market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Construction market is segmented into Building Construction, Heavy And Civil Engineering Construction and Specialty Construction Contractors.
Building Construction industry includes establishments involved in the construction of residential and nonresidential buildings.
Heavy And Civil Engineering Construction market comprises companies carrying out utilities, highway, street and bridge construction. This market also includes companies servicing land and subdividing property into lots for sale to builders.
Specialty Trade Contractors industry includes establishments involved in performing specific activities such as pouring concrete, site preparation, plumbing, painting and electrical work related to construction of buildings.