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The global building construction
industry has shown high growth in the past years with a CAGR of about 8%.
The year 2017 recorded highest ever market value in this industry as per TBRC’s
inhouse consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the building
construction market to grow at a higher CAGR by 2021 as compared to
2017, along with geographies best suited for investments with highest return
rate.
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report at
The global building construction market is expected to grow at a
compound annual growth rate (CAGR) of 10%. This high growth can be attributed
to the expected increase in demand for housing in emerging markets such as
China and India, due to increasing per capita income, changing consumer
lifestyles preferences. Increasing rate of urbanization and development of new
cities in emerging economies such as China and India are expected to be major
drivers of growth in the forecast period.
Companies included in the report are China State Construction
Engineering Co.Ltd, China Railway Construction Corporation Limited, D.R. Horton
Inc, Kiewit Building Group and Lennar Corporation.
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