Global Hydro Electricity Market

The non-residential green building market consists of sales of non-residential green buildings. Green Buildings, in their design, construction or operation, have minimal or no negative impacts on the environment and climate but have positive impacts by preserving precious natural resources and improving the quality of life. This practise creates and uses healthier and more resource-efficient models of construction, renovation, operation, maintenance, and demolition. The market consists of revenue generated by companies and people through the sale of non-residential green buildings. The main product types of non-residential green buildings are interior products and exterior products. Interior products are low-impact natural materials, including natural clay plaster, natural fibre flooring, paperless drywall, and low VOC content paints and coatings, that replace synthetic materials in the interior finishes of green buildings. The major components include roofing, insulation, framing, exterior siding, interior finishing, and others and are used in offices, education, hotels and restaurants, retail, institutional/assembly, healthcare, and warehouses. The non-residential green buildings market research report is one of a series of new reports from The Business Research Company that provides non-residential green building market statistics, including non-residential green building industry global market size, regional shares, competitors with a non-residential green building market share, detailed non-residential green building market segments, market trends and opportunities, and any further data you may need to thrive in the non-residential green buildings industry. This non-residential green building market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global nonresidential green buildings market grew from $859.52 billion in 2021 to $951.77 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The non-residential green building market is expected to grow to $1,354.59 billion in 2026 at a CAGR of 9.2%. An increasing need for sustainable and eco-friendly solutions has contributed to the growth of the non-residential green building market. According to the USGBC (U.S. Green Building Council) report, green buildings can reduce carbon emissions by 34% and consume 25% less energy than conventional buildings. For instance, in India, by the end of 2019, there were more than 5,723 green building projects registered and most of the projects are commercial spaces. It has now become essential for commercial construction companies to give priority to sustainable design and construction techniques to utilise our planet's finite resources in a sensible way. Encouraging sustainable business practises is an important reason for building green in most countries, for the conservation of energy and protection of natural resources. Moreover, increased concerns about global warming resulted in sustainable and eco-friendly activities, which increased the demand for non-residential green building markets. Concern about affordability and the perception that green is for high-end projects is expected to limit the growth of the non-residential green building market. It is associated with high-end projects, a perception that is growing worldwide. According to the North American Dodge Data & Analytics green building trends report, nearly 37% in the US and 36% in Canada perceive those green buildings are not affordable and are only meant for high-end projects, and 1/3 of respondents in Germany perceive accordingly. Similarly, around 41% of the UAE, 32% of Southeast Asians, and 37% of South Africans reported it as an obstacle and one of the major challenges. Decreasing affordability due to an increased perception that green is for high-end projects is limiting the growth of the market. Living roofs, or green roofs, are increasingly being implemented in green buildings. A green roof is a roof of a building that is covered with vegetation and soil, or a growing medium, planted over a waterproofing membrane. Green roofs last longer when compared to conventional roofs. They also reduce energy costs with natural insulation; reduce temperatures (heat and cold) by absorbing and trapping them; reduce storm water runoff; filter pollutants and carbon dioxide out of the air; and increase wildlife habitat in built-up areas. It is believed that to reduce the ambient temperature of the city by 2%, 8% of the roofs in the city must be greener. In the USA, around 25 cities have some sort of programme to encourage green roofs, and in Portland, Ore., it is mandatory to have vegetation cover 100% of the roofs on buildings in the central city over 20,000 square feet (with some exceptions). Therefore, green roofs are an emerging trend in the nonresidential green building market. Major players in thenon-residential green buildings market are Turner Corp.; Clark Construction; AECOM; Swinerton; Hensel Phelps; Skanska; Whiting-Turner Contracting Co.; Holder Construction; Webcor; Walsh Group Asia Pacific is the largest region in the nonresidential green buildings market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the non-residential green buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the nonresidential green buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global nonresidential green buildings market is segmented - 1) By Product: Interior Products, Exterior Products 2) By Application: Office, Education, Hotels and Restraurants, Retail, Institutional/ Assembly, Healthcare , Warehouse 3) By Component: Roofing, Insulation, Framing, Exterior Siding, Interior Finishing, Others

The single-family smart homes market consists of sales of smart appliances and their related services used in single-family homes. Smart homes are futuristic buildings equipped with advanced electronics and wireless devices. The smart home system requires a web portal or smartphone application to interact with the automated system as a user interface. Smart home appliances include smart entertainment, smart lighting, home security, and smart appliances, which are controlled by sensors, timers, switches, and remote controllers. The main types of products in single-family smart homes are smart lighting, entertainment, smart appliances, and others. Smart lighting is a type of lighting that is designed to save energy while also providing security and convenience. This could incorporate energy-efficient fixtures and automatic controls that adjust based on factors including occupancy or daylight availability. The different technologies include Wi-Fi, Bluetooth, GSM/GPRS, RFID, and others, and the software and services used include proactive and behavioral. These types of services are provided by large contractors and small contractors. The single-family smart homes market research report is one of a series of new reports from The Business Research Company that provides single-family smart homes market statistics, including single-family smart homes industry global market size, regional shares, competitors with a single-family smart homes market share, detailed single-family smart homes market segments, market trends and opportunities, and any further data you may need to thrive in the single-family smart homes industry. This single-family smart homes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global single-family smart homes market grew from $70.15 billion in 2021 to $83.78 billion in 2022 at a compound annual growth rate (CAGR) of 19.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The single-family smart homes market is expected to grow to $162.87 billion in 2026 at a CAGR of 18.1%. The increasing number of connected homes and the growing implementation of smart home appliances, including speakers, home healthcare products, lightning systems, smart kitchens, smart furniture, and HVAC control solutions, is projected to contribute to the higher demand for the single-family smart homes market. According to the smart home statistics of 2021, 57% of homes in Britain contain a smart device, and 23% of Britain, i.e., 66.44 million people, have a smart item. In addition, in the UK, there are 2.22 million smart homes . Therefore, the increasing implementation of smart home appliances together with a growing number of connected homes across the globe is anticipated to boost the demand for the single-family smart home market over the forecast period. High installation costs are projected to limit the growth of the single-family smart home market. For instance, the typical cost to automate a home in the US is between $2,000 and $7,000, with most homeowners spending around $5,500 to automate their lights, door locks, and thermostats, as well as install a smart speaker, hub, and smart plugs in three rooms. Therefore, the high installation cost associated with high-cost smart appliances is expected to act as a major restraint on the growth of the single-family smart home market. Technological advancements related to the internet of things (IoT) and smart home devices are a major trend in the industry. According to a report published by TrendinFocus in July 2019, a large number of users have started using IoT devices and smart homes. In 2020, the number of connected IoT devices used was 11.3 billion. According to IoT Analytics, the global number of linked IoT devices will reach 27 billion by 2025. The newly launched smart speakers by Google Assistant and Amazon Alexa are shaping the growth of smart devices. Moreover, in December 2019, Lenovo, a Chinese multinational technology company, launched a range of smart home devices, including smart bulbs, smart displays, and smart cameras. The company aims at expanding its product portfolio in India. Therefore, technological advancement in IoT and smart home devices is expected to remain a key trend and boost the revenue for the single-family smart home market. Major players in the single-family smart homes market are Lennar Corporation; Meritage Homes Corporation; Metricon; Porter Davis; Henley; Carlisle; Elan Homes (Nortek Security & Control, LLC); PulteGroup Inc.; KB Smart Home; TRI Pointe Group. Asia Pacific is the largest region in the single-family smart homes market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the single-family smart homes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the single-family smart homes report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global single-family smart homes market is segmented - 1) By Product: Smart Lighting, Entertainment, Smart Appliances, Others 2) By Technology: Wi-Fi, Bluetooth, GSM/GPRS, RFID, Others 3) By Software and Service: Proactive, Behavioral

The 3D printing building construction market consists of the sales revenue earned by entities (organizations, sole traders, and partnerships) that construct buildings through 3D printers and offer related services. 3D printing, or additive manufacturing, is a computer-controlled sequential layering of materials to create three-dimensional shapes. In the construction industry, 3D printing is used to build components of a building or to create a whole building. It helps to construct faster and more accurate structures with reduced labour costs and less wastage. The main types of 3D printing building construction are modular and full-building. Modular building entails generating standardised structural components in an off-site factory and then assembling them on-site. The processes used are extrusion, powder bonding, and others, and the materials used are concrete, plastic, metal, hybrid, and others. 3D printing building construction includes residential, commercial, and industrial construction. The 3D printing building construction market research report is one of a series of new reports from The Business Research Company that provides 3D printing building construction market statistics, including 3D printing building construction industry global market size, regional shares, competitors with a 3D printing building construction market share, detailed 3D printing building construction market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printing building construction industry. This 3D printed building construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global 3d printing building construction market grew from $0.01 billion in 2021 to $0.02 billion in 2022 at a compound annual growth rate (CAGR) of 246.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The 3D printing building construction market is expected to grow to $1.31 billion in 2026 at a CAGR of 182.3%. The capability to build complex structures within a stipulated time for a reasonable cost is a major factor driving the demand for 3D printing in the building construction market. 3D printing building construction is cost-effective, saves time, provides more precision, is safe, cuts labour costs, is environmentally friendly, and easily helps build complex building structures. 3D printing in construction is economical in terms of material usage when compared with the traditional manufacturing process. Moreover, 3D printing reduces labour costs by 50%–80%, production time by 50%–75%, and construction waste by 30%–60%. Therefore, the economic benefits offered by 3D printing construction are expected to significantly boost the market's growth. A high initial capital investment requirement is anticipated to impact the growth of the 3D printing building construction market over the coming years. The high cost of 3D printers and their maintenance is a major challenge for industry players. According to Winsun 3D Builders, a 3D printing construction company, the high initial investment of 3D concrete printers is currently at a level that requires high capital and decent construction projects in order to support small and medium-sized companies to overcome the capital requirements for expansion and growth. The requirement of high initial capital to set up the process is expected to hinder the growth of the 3D printing building construction market in the forecast period. Increasing flexibility in 3D printing operations using advanced software is a major trend shaping the growth of the 3D printing building construction market. In November 2019, AMFG, a UK-based provider of MES software, announced a strategic partnership with EOS to enable machine connectivity and end-to-end workflow automation for additive manufacturing. The companies together plan to offer customers the management of their entire additive manufacturing operations with AFMG’s Manufacturing Execution System (MES) and direct connectivity to machines with the software platform. EOS is a technology supplier in the field of industrial 3D printing of polymers and metals. In January 2019, Apis Cor, a company engaged in 3D printing in construction, announced a strategic collaboration with Gerdau, a supplier of long and special steel worldwide. The collaboration is aimed at accelerating Apis Cor’s ability to 3D print in the construction industry in the USA and South America. Gerdau previously supported Apis Cor in the "3D printing habitat challenge" organised by NASA. Gerdau was founded in 1901 and is a long-established steel producer based in Brazil. Major players in the 3D printing building construction market are XtreeE; Winsun (Yingchuang Building Technique); Skanska; Apis Cor; Al build; Branch Technology; Zhuoda Group; Cazza Construction Company; Contour Crafting Corporation. Asia Pacific is the largest region in the 3D printing building construction market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global utility system construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the utility system construction market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global 3D printing building construction market is segmented - 1) By Construction : Modular, Full Building 2) By Process: Extrusion, Powder Bonding, Others 3) By Printing Material: Concrete, Plastic, Metal, Hybrid, Others 4) By End User : Residential , Commercial, Industrial

The single-family modular and prefabricated housing construction market consists of sales of single-family modular and prefabricated houses and related services that are used in the residential, commercial, and industrial sectors. Modular construction is a method in which, through managed plant circumstances, a building is developed off-site using the same resources and constructing the same codes and specifications as conventionally designed structures but in about half the time. All modular buildings are prefabricated, but all prefabricated buildings might or might not be modular. The main types of single-family modular and prefabricated housing construction are permanent and relocatable houses. A partially or fully assembled building that is created at a building manufacturing facility employing a modular construction technique and meets applicable codes or state standards is referred to as relocatable home construction. Relocatable buildings are intended to be reused or repurposed several times before being transferred to new construction locations. The different materials include steel, wood, concrete, and others and are used in residential, commercial, and industrial applications. The single-family modular and prefabricated housing construction market research report is one of a series of new reports from The Business Research Company that provides single-family modular and prefabricated housing construction market statistics, including single-family modular and prefabricated housing construction industry global market size, regional shares, competitors with a single-family modular and prefabricated housing construction market share, detailed single-family modular and prefabricated housing construction market segments, market trends and opportunities, and any further data you may need to thrive in the single-family modular and prefabricated housing construction industry. This single-family modular and prefabricated housing construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global single-family modular and prefabricated housing construction market grew from $40.74 billion in 2021 to $42.64 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The single-family modular and prefabricated housing construction market is expected to grow to $51.23 billion in 2026 at a CAGR of 4.7%. The significant focus on cost savings is a key factor driving the growth of the single-family modular and prefabricated housing construction market. Modular design can minimise project deadlines by as much as 50% and costs by 20%. They lead to increased productivity and lower employment expenses associated with purchasing units along a production line. According to a report on modular construction in Europe and the US, the modular market value in new real-estate construction is expected to reach $130 billion by 2030, delivering an annual cost saving of $20 billion. Therefore, the significant cost savings are expected to drive the growth of the single-family modular and prefabricated housing construction market. The risks associated with transportation are a key factor impacting the growth of the single-family modular and prefabricated housing markets. As modules are prefabricated in a factory away from the worksite, they must either be transported specifically to the construction site or assembled in a surrounding venue and then set up. The transporters and operators must be extremely cautious with each module. If one fails during transportation, the entire module may require major repairs or replacements. So, it is necessary for transport and rigging businesses to make a serious effort to trace the routes and plan the mechanics to transfer the modules along their path. For instance, a construction project in Philadelphia had modular units arrive, positioned, and set relatively smoothly, but the interior drywall was cracked due to the raising of the modules. Implementation of Building Information Modeling (BIM) in modular construction is an emerging trend in the single-family modular and prefabricated housing construction market. Building Information Modeling (BIM) is a revolutionary technique for designing, building, and managing construction models. This 3D model-based technology provides a digital representation of a building's physical and functional qualities. The technology enables all parties engaged in the built asset's creation and lifespan management to share data and collaborate. During the pre-construction phase, BIM provides specialists with a 3D picture of the structure. It allows specialists to detect potential incompatibilities in mechanical, electrical, and plumbing (MEP) systems and address them at an early stage. For instance, in October 2021, AGACAD, a Lithuania-based software company, launched Panel Packer based on 3D technology. In Autodesk Revit, Panel Packer is a sophisticated tool for organising the sorting, packing, and loading of prefabricated construction components . In January 2020, GS Engineering & Construction (E&C), a South Korea-based construction company, acquired Danwood S.A. from Enterprise Investors for a deal amount of $155 million. Through this acquisition, GS E&S planned to enter the European modular housing market by utilising the strength, networks, and technology of Danwood. Danwood S.A. is a Poland-based company that specialises in the construction of timber-framed houses. Major players in the single-family modular and prefabricated housing construction market are Red Sea Housing Services; Skanska AB; Bouygues Construction; ACS Actividades de Construcción y Servicios SA; Lindal Cedar Homes Inc.; Kiewit Corporation; Balfour Beatty Plc.; Taisei Corporation; System House R & C Co. Ltd; Larsen & Toubro Limited. Asia Pacific is the largest region in the single-family modular and prefabricated housing construction market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the single-family modular and prefabricated housing construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the single-family modular and prefabricated housing construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global single-family modular and prefabricated housing construction market is segmented - 1) By Type: Permanent, Re-locatable 2) By Material: Steel, Wood, Concrete, Others 3) By Application: Residential, Commercial, Industrial

The construction market consists of sales of construction services and related goods by entities (organizations, sole traders and partnerships) that construct buildings or engineering projects (e.g., highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs. The different types of construction are buildings construction, heavy and civil engineering construction, specialty trade contractors, land planning and development. Building construction includes the dismantling of existing structures, the construction of new structures, the addition of latest structures to existing structures, and the required modifications to existing structures to correspond to any recent additions. The different sectors include private and public. These type of services are provided by large contractors and small contractors. The global construction machinery market grew from $275.61 billion in 2021 to $308.64 billion in 2022 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The construction market is expected to grow to $423.91 billion in 2026 at a CAGR of 8.3%. The increasing construction activities in emerging markets is expected to propel the growth of the construction market over coming years. Emerging markets which registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For instance, according to the National Bureau of Statistics, construction output contributed for 25.9% of China's GDP in 2020, up from 6.2% in 2019 . This rapid growth in construction activity contributed to the growth of the construction market. Construction costs have increased steadily due to rising material costs in the historic period. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil, a key component of asphalt reached $41.96 per barrel in 2020, softwood lumber, a major component used for buildings construction, rose by 112% in February 2021 compared to 2020. Therefore, high material prices adversely affected the construction market during historic period. Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey, about 60% of construction firms across the globe were involved in green construction projects . Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK. Other green construction techniques such as cross-ventilation for more natural environment, green construction software such as Construction Suite to ensure green compliance, and Green Globes management tool are also being used in the construction industry. For instance, some, Major companies using green construction techniques include Turner Construction Co, Clark Group, AECOM, Hensel Phelps and Holder Construction. Major companies in the market include China State Construction Engineering Corporation Ltd.; China Railway Group Ltd.; China Railway Construction Corporation Limited; China Communications Construction Co.,ltd.; China Evergrande Group Asia Pacific was the largest region in the construction market in 2021. North America was the second-largest region in the construction market. The regions covered in the construction report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction market report are Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam The global construction market is segmented - 1) By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development 2) By End User: Private, Public 3) By Type of Contractor: Large Constractors, Small Contractors Subsegments Covered: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction, Foundation, Structure, And Building Exterior Contractors, Building Equipment Contractors, Building Finishing Contractors, Other Specialty Trade Contractors, Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development

The construction machinery market consists of sales of construction machinery, surface mining machinery, and logging equipment by entities (organizations, sole traders, or partnerships) that produce construction machinery, including backhoes, bulldozers, construction and surface mining-type rock drill bits, construction-type tractors, and attachments, off-highway trucks, pile-driving equipment, portable crushing, pulverizing and screening machinery, powered post hole diggers, road graders and surface mining machinery (except drilling). Only goods and services traded between entities or sold to end consumers are included. The main products of construction machinery are earthmoving, material handling, building & road construction equipment, and autonomous construction equipment. Earthmoving refers to machinery that is used for digging and moving large amounts of soil. The various applications involved are excavation & mining, lifting & material handling, earthmoving, transportation, and other applications. The various end-users involved are Oil & Gas, Construction & Infrastructure, Manufacturing, Mining, and other end-users. The construction machinery market research report is one of a series of new reports from The Business Research Company that provides construction machinery market statistics, including construction machinery industry global market size, regional shares, competitors with a construction machinery market share, detailed construction machinery market segments, market trends and opportunities, and any further data you may need to thrive in the construction machinery industry. This construction machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global construction machinery market grew from $275.61 billion in 2021 to $308.64 billion in 2022 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The construction machinery market is expected to grow to $423.91 billion in 2026 at a CAGR of 8.3%. Increasing investment in infrastructure is anticipated to contribute to the construction machinery’s market growth. According to the World Economic Forum, the investment in infrastructure worldwide is projected to reach $79 trillion by 2040. According to Acuris, financial news and data firm in January 2020, the investment in infrastructure in India increased by 25% to $28.74 billion in 2019. The surge in investments in infrastructure is likely to generate higher demand for construction machinery and equipment, thereby driving the growth of the construction machinery market. The COVID19 outbreak acted as a major restraint on the construction machinery market during 2020. The rapid surge in the number of people suffering from coronavirus forced the government to impose lockdowns resulting in the temporary closure of many businesses. Large infrastructure building projects were kept on hold due to social distancing practices imposed worldwide. This led to decreased demand for construction machinery and companies in the market had to halt or slow down their production impacting the revenues of the market. For instance, Hitachi Construction Machinery Co., Ltd., a Japan-based construction company engaged in manufacturing and sales of construction and transportation machinery announced the halt of production at many sites including Russia, the Middle East, Africa, and Asia during COVID19 lockdowns. The construction machinery market has been observing multiple strategic initiatives such as partnerships and innovative product launches over recent years. Major companies in the market are continuously focusing on collaborating with other companies to expand their product portfolio and geographical presence. For instance, Caterpillar Inc, US-based construction machinery and equipment manufacturer announced a partnership agreement with Newmont Mining, a US-based gold producer to develop underground vehicle automation technology. The companies together plan to focus on Caterpillar's semi-autonomous system for underground loaders and improving existing technology. In April 2019, The Toro Company, a US-based company that designs, manufactures, and sells construction equipment acquired The Charles Machine Works, Inc. Oklahoma Corporation and the parent company of Ditch Witch for $700 million. The acquisition is expected to bring together the leading brands of The Toro Company with The Charles Machine Works, Inc.’s product portfolio to better serve the needs of end-use customers of the company. The Charles Machine Works, Inc. is a US-based company engaged in the manufacturing and distribution of underground construction machinery and equipment. Major players in the construction machinery market are Caterpillar Inc, Komatsu Ltd, Deere & Company, Volvo AB, Hitachi Ltd, Zoomlion Heavy Industry Science, and Technology Co. Ltd, Liebherr Group, EXOR Group, Doosan Infracore Co Ltd, and Oshkosh Corp. Asia Pacific was the largest region in the construction machinery market in 2021. Western Europe was the second-largest region in the construction machinery market. The regions covered in the construction machinery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the construction machinery market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global construction machinery market is segmented - 1) By Product: Earthmoving, Material Handling, Building & Road Construction Equipment, Autonomous Construction Equipment 2) By Application: Excavation & mining, Lifting & material handling, Earth moving, Transportation, Other Applications 3) By End User : Oil & Gas, Construction & Infrastructure, Manufacturing, Mining, Other End Users