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 In addition, end users in developed markets are replacing their outdated equipment with advanced solutions.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.
In 2021, the global building stones market was valued at USD xx million and projected to reach USD xx million by 2028.
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.
In 2021, the global Swimming Pool Construction market was valued at USD 6829.5 Million and is projected to reach at the value of USD 8395.19 million by 2028. The demand for Swimming Pool Construction is projected to increase substantially in the coming years.
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.
Acyclic nature of mining and construction industry have a direct impact on the bulk material handling equipment market. Consequently, bulk material handling equipment projected to reach US$ 56.83 Bn in 2026 from US$ 38.29 Bn in 2017. The market estimated to register a moderate growth rate of 4.5% owing to modest mining and construction sector.
Significance of wire fencing as front-line protection aided wire fencing equipment to grow with a CAGR of 5.2% from 2018 to 2026 from market value of US$ 73.2 Mn in 2017. Wire fences are considered as the first line of defense against unknown threats to any property.
The global cable trays market expected to exhibit robust CAGR during the forecast period from 2018 to 2026, up from US$ 2,956.9 Mn in 2017. Cable trays are rigid cable management products used to transport and support the cables. These are designed to support several types of wiring including high voltage power lines, power distribution cables, optical cables, telecom lines and several others.
The aerial work platforms market volume stood at 90,100 units in the year 2017 and is set to register robust growth over the forecast period. The ease of operation, mobility offered, and safety provided by aerial work platforms have made them ideal solutions for infrastructure development, maintenance and repair activities across numerous applications.
Growing awareness towards water conservation and global warming has certainly stimulated the need for rainwater harvesting systems across different end-user. Government across several nations and environmental agencies are putting their sincere efforts in order to promote eco-friendly techniques such as rainwater harvesting for residential, commercial and industrial end-users. Owing to this, global rainwater harvesting market registered market value of US$ 1.35 Bn in 2017 and expected to reach US$ 2.24 Bn by 2026. The market is estimated to grow with a compound annual growth rate of 5.9% throughout the forecast period from 2018 to 2026.
The mobile toilets market worldwide is expected to cross the US$ 9 Bn mark by 2026, growing with a double digit CAGR during the forecast period. Mobile toilets, also called as portable toilets, have emerged among the most useful inventions for various outdoor applications. Some of the most popular applications using mobile toilets are construction sites, event venues, public infrastructure/places, tourist places and several others. Mobile toilets offer a highly convenient solution with relatively minimal costs and maintenance.
Global Capsule Hotels Market is projected to increase at a significant CAGR of 7.9 % in the coming years. In 2021, the global Capsule Hotels Market was valued at USD 239.4 million and is projected to reach at value of USD 377.7 million by 2028.
The global waste management market expected to expand at a CAGR of 7.5% during the forecast period from 2018 to 2026. Rapid urbanization has resulted in manifold challenges with respect to urban environment due to industrialization, economic activities, population growth, changing lifestyle, and new technology advances. Urban waste management is one such boiling issue that has surface because of aforementioned factors leading to cities and towns worldwide crumble under heaps of garbage and waste left in the open.
The global electrical conduit fittings market expected to exhibit a CAGR of 6.7% during the forecast period from 2018 to 2026. Electrical conduit fittings cover wide array of products used for installing electrical conduit systems in wiring system. The market growth is highly driven by the consistently growing construction sector worldwide across commercial, industrial and residential segments. Electrical conduit systems are among the most popular methods of wiring system across the construction sector. Subsequently, rise in demand for electrical conduit systems directly supports the related fittings market.
The Global Luxury Tiles Market generated revenue of around USD 50.67 billion in 2020 and is anticipated to grow at a CAGR of over 7.08% during the forecast period from 2021 to 2027 to reach around USD 95.46 billion in 2027.
The growth in the large mining shovels market has been stable over the last few years, majorly supported by steady growth in population and consequent demand for metals and minerals worldwide. With continual technology advancements, the large mining shovel market would be benefitted from the replacement of obsolete systems with the state-of-the-art equivalents.
The cable protection tubes market worldwide is expected to grow with a CAGR of 6.30% during the forecast period from 2019 to 2027. Cable protection tube is used to protect and align the overall cabling/wiring in a building or other structures. The market is primarily dependent upon the construction industry worldwide and related spending on cable management products. In 2018, construction industry contributed to more than 13% of the world GDP. Subsequently, the demand for cable management products (such cable protection tubes) is expected to remain strong in years to come.
Globally, the fall protection equipment market is expected to grow with a CAGR of 7.2% during the forecast period from 2019 to 2027, starting from US$ 1.65 Bn in 2018. The fall protection equipment market is growing at a significant pace based on various factors such as increasing awareness regarding industrial safety, growing demand of fall protection equipment for recreational activities, growing utilization of fall protection equipment in construction, industrial and utility sectors and stringent government regulations pertaining to safety in various industries.
Globally, the water sink market is expected to grow with a CAGR of 2.5% during the forecast period from 2019 to 2027, starting from US$ 41.60 Bn in 2018. Water sinks or skinner, washbasin or hand basin are designed for wash hand and another purpose. They have different size and shape with attached taps to supply the water. The water skins are commonly used stainless steel, plastic, concrete and marble materials in the manufacturing. The rapidly growing demand for water skins in the commercial sector drives the growth of water sink market worldwide.
Globally, the bridge expansion joints market is expected to grow with a CAGR of more than 5.9% during the forecast period from 2019 to 2027, starting from US$856.5 Mn in 2018. Bridge expansion joints are also called as movement joint that allows the bridges to contract and expand with respect to the environmental conditions such as changing temperature. Globally, there is rapid development in the construction industry. This is primarily driving the demand for bridge expansion joints.
Globally, the clad pipe market is expected to grow with a CAGR of more than 5.8% during the forecast period from 2019 to 2027, starting from US$2.2 Bn in 2018. Clad pipes are made by welding the pipe with clad material. This process is done mainly to increase the strength of the pipe, reduce corrosion, and achieve maximum cost benefits. The clad pipes are mostly used in oil and gas industry to withstand the high-pressure and high temperature environment. The primary factor associated with increased utilization of clad pipes is concerns regarding corrosion.
Globally, the RCCB market is projected to grow with a CAGR of 7.3% during the forecast period. RCCB is power input of circuit breaker devices, which senses current and disconnects the circuit if there is any low voltage or unbalanced current whenever any fault occurs. These devices protect the human’s life from shocks by disconnecting the main circuit within seconds during a short circuit.
Globally, the crawler excavator market is expected to grow with a CAGR of 2.5% during the forecast period from 2019 to 2027. The increasing industrialization and urbanization across the globe is the primary factor driving the demand for the crawler excavators. As the industrialization across the emerging countries is increasing, the rural population is swiftly shifting from the remote areas to the cities in search of jobs and better life style.
Globally, the ready-to-move-in homes market is expected to grow with a CAGR of 7.0% during the forecast period from 2019 to 2027. Ready to move in homes provide residents with a benefit of staying away from the hassle of setting the house and spending time in waiting to get the possession of their new home. These houses meet all the basic requirements of residents including operable plumbing, structural stability, electricity, and many other amenities. Furthermore, these houses are available in a way that they do not require any structural renovations or changes to make it more functional and habitable.
Globally, the paddle & rocker switches market is expected to grow with a CAGR of 4.0% during the forecast period from 2019 to 2027. A rocker and paddle switched are commonly used across various industries based on its easy handling and reliable properties. The rocker switches are used in surge protectors, computer power supplies, display monitors, and many other applications and devices. Whereas, paddle-switch can be operated easily without switching on unintentionally.
The global foundation repair services market is growing competently, expected to grow at a CAGR of 7.2% during the estimated period from 2019 to 2027, starting from US$ 2.82 Bn in 2018. The adoption of foundation repair services has been growing worldwide with increasing needs for restructuring and repair of the foundations of commercial, residential, and industrial buildings. Furthermore, the foundation repair services are engaged in fixing cracks over basement walls, concrete slabs, bricks & blocks, and chimney settlements.
Large scale use of extruded aluminium products in the number of industries is impacting the growth of aluminium extrusion market on a global level. Aluminium extrusion is the process of melting and transforming aluminium alloy into objects with definitive cross-sectional profiles for a number of industrial as well as domestic uses. Extruded aluminium products such as bar, beam, rod, and angles are widely used in the building & construction industry, electrical industry for transmission and distribution of electricity and automotive industry, etc.
The mounting focus on environmental sustainability has influenced the use of white cement across the globe. The growing use of white cement due to its heat-reflecting properties and beautiful appearance of artwork are driving the global white cement market in recent years. Moreover, white cement is currently an ideal choice for architectural works due to freedom of choice of colors, textures, shapes, sizes, and patterns to accommodate a multitude of applications that takes their artistic expression to a higher level.
The popularity and implementation of green-roof concept is gaining traction around the globe as it helps in lowering the temperature on roofs, thereby decreasing the ambient temperature. This is achieved by growing plants on rooftops that help absorb the radiation from the sun and reduce the urban heat island effect.
The global white marble industry is predicted to recover at a rapid pace from significant dip in 2020 and likely to witness double digit CAGR to reach over two-fold of its market size in 2020.
The Rubber floor tiles had a market value of $ 2,077.1 million in 2020, and it is expected to reach $ 2,851.2 million by 2027. The market is expected to grow at a CAGR of 4.0% over the forecast period. One of the major factors driving up demand for rubber floor tiles is rising population.
Global Industrial Sandblasting Machines market was valued at around USD 368.75 million in 2020 and expected to reach over USD 475.05 million by growing at acAGR of over 2.28% between 2021 and 2027.
The revenue generated by the global Industrial Mold market in 2021 was over USD 83,862 million and expected to generate revenue worth USD 113,024 million in 2028.
Global Solder Fume Extraction market has generated revenue of over USD 52.66 million in 2021. It is expected to exhibit CAGR of over 2.47% during the forecast period to reach over USD 63.10 million by the end of 2028.
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.