CONSTRUCTION INDUSTRY:

With potential in residential, non-residential, and infrastructure construction, the global construction industry’s future appears bright. Increased home starts and increased infrastructure as a result of expanding urbanisation and population increase are the primary drivers of this market’s growth. Increasing demand for green construction to reduce carbon footprint, bridge lock-up device systems to extend the life of structures, building information systems for efficient building management, and the use of fiber-reinforced polymer composites for the rehabilitation of ageing structures are all emerging trends that have a direct impact on the dynamics of the construction industry. The usage of autonomous construction vehicles, digital technologies for increasing construction safety, and prefabrication of construction projects are all growing trends in the worldwide construction sector. 

GLOBAL BUILDING MATERIALS INDUSTRY:

The global construction materials market is growing at a CAGR of over 16%. Consumption in major growing nations is driving global demand for building materials. Through sustainable transition, innovation, efficient pricing, and sales execution tactics, companies that quickly adjust to this shifting marketplace emerge as top performers and generate attractive profits. The rapid development of the middle-class population, combined with rising disposable incomes, has resulted in an increase in housing unit building and residential activities. Furthermore, the market is being driven by an increase in demand for sustainable infrastructure, growing environmental concerns, and the use of eco-friendly construction materials.

INDIAN CONSTRUCTION INDUSTRY:

The construction business in India is one of the most important industries and a major economic driver in the country. Its operations account for more than 8% of India’s GDP. India’s construction sector will continue to grow due to increased demand from real estate and infrastructure projects, particularly due to government projects that provide major up-side push to the sector. In India, the construction sector is divided into two categories: real estate and urban development. Residential, office, retail, hotels, and leisure parks are all included in the Real Estate section. Water supply, sanitation, urban transportation, schools, and healthcare are all sub-segments of the urban development segment.

MARKET OUTLOOK GLOBALLY:

The global construction industry is predicted to increase at a 4.2 percent compound annual growth rate (CAGR). The construction market consists of sales of construction services and related items by companies that construct buildings or engineering projects (organisations, sole traders, and partnerships) (e.g., highways and utility systems). This sector includes businesses who prepare sites for new development and those who subdivide land for sale as building sites. New construction, additions, changes, maintenance, and repairs are all part of the construction market. Buildings construction, heavy and civil engineering construction, specialty trade contractors, and land planning and development make up the construction market. With 42 percent of the worldwide construction market, Asia Pacific is the largest region. The second largest region, North America, accounted for 26% of the worldwide construction market. In the global construction business, Africa is the tiniest region. Green construction approaches are increasingly being used by building construction businesses to create energy efficient structures and lower construction costs. 

TOP PLAYERS WORLDWIDE:

• ACS
• Tata Projects Ltd
• Ultratech – Cement Production.
• Saint Gobain
• VISA Steel- Pioneering Private Steel Companies
• CEMEX
• RDC Concrete (India) Pvt Ltd- Ready-mixed concrete
• China National Building Material Company
• Volve Construction Equipment India
• ArcelorMittal
• Asahi India Glass- Glass companies.
• Century Elasto- Plywood Brand