The global construction equipment market is growing steadily with improving economic conditions and increasing investment in construction sector globally. Emerging economies across the world are investing significant amount in energy, transportation and other construction projects to support their economic developments. In addition, end users in developed markets are replacing their outdated equipment with advanced solutions.
The worldwide Geomembrane market volume was 781.12 million square meters during year 2014. Growing spending on waste management practices in construction sector, mining sector and oil & gas sector due to growing focus on environmental security is predicted to stimulate the demand and growth of the global Geomembrane market.
Limestone, granite, traprock, dolomite and quartz are the major rock types which are processed by the crushed stone industry. Natural stone processes, use a multi-stage crushing process for producing defined grain size from large lumps of rock. Stone processing has gained high importance in the market.
Flooring is basically the materials which are used to cover the floor area. The materials which are applied to the floor are finished products which enable makes the floor walk able. The materials used in the industry are application based such as wood, carpets & rugs, vinyl & rubber, laminate flooring and tile among others. These materials are used for commercial and industrial areas according to specific requirements.
An air handling unit (AHU), often referred to as air handler, is a component of the HVAC (heating, ventilating, and air-conditioning) systemused to circulate air throughout the system. The air handling unit is typically designed in a large metal box comprising various components such as fans, filters,heating/cooling elements, silencers and dampers. The metal box is typically made up of galvanized steel or aluminum alloys in order to ensure better environmental protection. In addition, the AHUs are equipped with joint sealing, weatherproof lids and others for longer life. The AHUs are connectedto the air conditioning system using a ductwork ventilation system which further circulates the conditioned air throughout the application (buildings etc.).
Due to harsh environmental conditions observed in offshore applications, it becomes essential to use air handling units manufactured using corrosion-resistant and light-weight materials. Air handling units, also referred to as air handler, acts as lungs of the overall HVAC system and hence becomes a crucial component of the overall system. In offshore applications, the major concern is to protect the air handling units from salty air, rain and stormy weather aboard the offshore facilities.
Stone are one of the most widely used traditional building materials in human history. Architecture and construction industry have been the major consumers of stones since ages. The stones which are used for construction activities are naturally occurring rocks of sedimentary, igneous or metamorphic origin which can be cut or shaped into blocks and slabs. Stones which are used for building and construction occur throughout the geographical column and have a worldwide distribution. The use of stones in the past years was limited to large scale public gathering, government building and homes of wealthy. The reason behind it was the same labor-intensive stone-processing techniques used for centuries were practiced, making use of stone exclusive because of its high cost. However, the architects have invented modern ideas in making use of stones in the building and construction industry. Hence, stones have been widely used in the market worldwide.
This report analyzes the global hydraulic fluid connectors market in terms of product type, end-use application, and geography. Based on product type, the global hydraulic fluid connectors market is segregated into mobile hydraulic fluid connectors and stationary hydraulic fluid connectors. Similarly, on the basis of end-use application, the market for hydraulic fluid connectors is further classified into construction and earth moving, aerospace, agriculture, industrial manufacturing and material handling, and automotive among others.
Vehicle entrance barrier systems refer to the equipment deployed for protecting various critical sites against any unauthorized or harmful vehicle entrance into the premises. The vehicle entrance barrier systems comprise numerous types of products including rising arm barriers, road block, bollards, armored gates, spike strips, speed bumps and humps, among others. The vehicle entrance barrier systems perform numerous tasks ranging from limiting vehicle’s entrance speed to bringing a vehicle to a complete halt.
The market for underground mining trucks was estimated US$ 1.28 Bn in 2016 which is expected to reach US$ 2.35 Bn by 2025 at a CAGR of 6.8% through the forecast period 2017 - 2025. Rising number of underground mines in order to satisfy global demand for metals and minerals is expected encourage the sale of underground mining trucks across the world.
Heavy-duty wear protection is defined as the additional protection provided to the heavy-duty machines and equipment to protect them against hostile working conditions. A variety of materials and methods are used to prevent machines from heat, magnetic interference, vibration, abrasion, shock and corrosion. The protective material is either coated, wrapped, fastened, welded or covered in order to protect crucial parts which are exposed to the aforementioned conditions.
Panelized modular building systems have emerged as a potential catalyst in enhancing productivity, certainty in delivery, skills and data transparency of any construction project. Panelized modular building system refers to structural components of building structures such as roof trusses, wall frames, wood kits, floor, stairs and others which are manufactured and delivered to the site where it is to be assembled as stick build homes.
The global market for earth moving equipment was valued at US$ 81.5 Bn in 2017 and expected to cross US$ 148.0 Bn by 2026 at a CAGR of 7.0% from 2018 to 2026. The market for earth moving equipment is expected to witness considerable growth with improving economic conditions and resurgence in construction industry.
Industrial mezzanines are the simple artificial floor constructed inside the building infrastructure in order to expand the existing working space. Industrial mezzanines serve as a vital tool in effective utilization of unused vertical space available in manufacturing units.
Scarcity of potable water left human race with limited alternatives including water recycling and seawater desalination that allowed the global water desalination market to register market value of US$ 16.4 Bn in 2017. The market expected to reach US$ 37.6 Bn in 2026 with a growth rate of 9.5%, an eye-opening number of several industrial giants planning to venture into water desalination.
Moderately paced construction industry is getting ready for automation revolution with construction equipment giants introducing their ace products in market. Autonomous construction equipment can be operated with little or no human intervention for performing a predefined task. Autonomous equipment has potential to propose exceptional combination of efficiency productivity and safety which is a rare sight in construction industry.
The global construction industry is steadily recovering and rising income level is motivating people across the world to invest in luxurious apartments. Facilities available in residential complexes such as swimming pool, club house, gyms etc are influencing buyers’ decision during purchase of new home.
Human race is facing a monstrous issue of water scarcity and water treatment plant is one of the few ways out of this calamity humans have brought onto themselves. Setting up water treatment plants allow some amount of wastewater to be used again for essential and lifesaving application.
Global Building and Construction Market Analysis
The worldwide building and construction market was predicted to be valued at more than three trillion dollars in year 2015. This market sector has occupied itself in the business of building & construction activities of schools, roads, housing, bridges and factories. Apart from building new structures and buildings , the market also includes setting up of new building sites, maintenance, repairs and changes in current structures.
Many of the contractors have expertise in one type of construction activities. For example, construction of residential and commercial buildings. Along with the job performed by the team who are hired on contractual basis to perform a particular task, contractors also sub contract parts of the task to outside crews like field trade contractors, who perform particular tasks like painting, carpentry and heating. The common contractor remains only responsible for the task that is performed .
General infrastructural projects come under the abate of heavy construction workers and civil engineers. This section comprises the construction of edifices like roads, bridges,tunnels and sewers produced across the business sector.
Increase in the rate of population in fast emerging economies like India and China, rise in per capita income, increase in disposable income and low rate of unemployment in developed economies are the key aspects adding to the growth and development of the building and construction market all across the globe.
Economic growth will usually demand for considerable amount of business investments in new constructions and developments within the current infrastructure. Nations promoting tourism as a business and having such tourist places or destinations need more of such infrastructures for accommodating the tourists and thus they are likely to contribute to the growth of this building and construction industry.
Key Market Sections
The building and construction market includes home buildings, building materials and construction device.
Home buildings includes windows and doors. Building materials include non residential as well as residential constructions while construction equipment includes escalators.
The worldwide demand for doors and windows was predicted to grow at a rate of 7% annually through year 2015 as per the reports provided by a reputed market research agency. China was the global market leader in year 2015 and was projected to register about 30% growth (from 2% growth) during that year. Fiscal growth and larger housing units are predicted to propel the demand for doors and windows in future. USA was expected to observe high growth and expansion of about 9% annually through year 2015. Plastic doors and windows will comprise of the most active industry sub section in growth & development terms although the doors made up from plastic material will not violate ten percent margin of the overall demand for doors. Windows made from vinyl material will see enhanced demand owing to its less cost, power efficacy, low cost of maintenance and durability.
Aluminum which is one of the building materials used for purpose of carrying out construction activities was projected to be evaluated for under 100 billion US dollars in year 2011 as per the reports provided by a reputed market research agency. Recycling has a key role to play in industrial changes taking place both in non residential construction activities as well as residential construction segments. The industry is expected to witness an active expansion and growth in emerging economies where industrialization mean enormous developments of key building & construction activities as well as key projects on buildings & constructions.
Geographical Market Share
As per the reports provided by an reputed market research firm over more than 2.5 million people were employed in the general as well as specialty business activities of the building & construction market sector in year 2010. The market sector provides jobs to about 5.5 million people all across the globe.
Non residential construction section amassed more than 285 billion dollars in year 2010. While non building construction touched the total income margin or total revenue margin of about 270 billion dollars. Residential buildings sector touched the revenue margin of almost about 250 billion US dollars.
As per the reports provided by a reputed market research firm, APAC region represented more than twenty five percent of the global construction and engineering business sector in relation to its market value.
European countries like Romania, Spain and Ireland are witnessing a large scale growth in the building and construction sector these days. APAC region is predicted to lead the building and construction industry in future with nations like India and China stimulating its expansion and growth. Growing markets like Indonesia, India and China as well as developed economies of Russia and USA are forecasted to contribute nearly about 75% of the overall building and construction market share in future.
Industry Overview
The universal economic downturn took a strong toll on the building and construction sector, primarily due to the dependence of new housing building & construction activities upon the favorable economic environment. The building & construction industry also suffers a knock out effect from various other industrial sectors. For example a slack in profit of dealers prevents them from investing in new building & construction business activity. Thus, it adversely affects the growth of the building & construction industry sector.
Building & construction these days are becoming more power sufficient and power efficient owing to high costs of power supply. Further, the demand for greater amount of building & construction activities with minimal adverse effects on the surroundings will continue to grow facilitating and enhancing the greater utilization of recyclable materials.
Commercial building & construction activities is expected to lead the market in future. Fiscal growth in nations like China and Middle East regions are few of the aspects behind the growth of the commercial business industry.
