Market Overview:
The global construction spending market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for infrastructure development, rising disposable income, and growing urbanization. In terms of type, the cost of labor and materials segment is expected to dominate the market during the forecast period owing to the increase in wages and prices of raw materials. However, in terms of CAGR, the cost of architectural and engineering work segment is projected to grow at a higher rate than other segments during 2018-2030. In terms of application, residential sector dominates the global construction spending market followed by industrial sector; however, commercial sector is projected to witness highest growth rate during 2018-2030.
Product Definition:
Construction spending is the total dollar value of construction put in place in a given month. It includes both public and private expenditures on new construction, renovation, and repairs. Construction spending is important because it can be used as a measure of economic activity and growth.
Cost of Labor and Materials:
Cost of Labor and Materials (COLM) is a cost model that represents the buying power of consumers, their spending capacity, and the amount they are willing to pay for a particular good or service. It does this by tracking how much people earn in wages and salaries, how much they spend on rent or mortgage payments, transportation costs (gasoline/fueling), food costs (groceries), utilities bills etc.
Cost of Architectural and Engineering Work:
Cost of architectural and engineering work and it's usage in construction spending market is the total cost required to build a structure according to the blueprints. It includes designing, planning, preparing site, obtaining permits & licenses from government bodies along with any other costs incurred during its construction.
It also includes designing & building an interior space as per the plans provided by architects or engineers.
Application Insights:
The industrial sector accounted for the largest revenue share of over 30.0% in 2017 and is expected to witness significant growth over the forecast period. The rise in demand for construction materials, machinery and equipment is anticipated to drive industrial construction spending during the analysis period.
The residential sector was estimated to account for a revenue share of 29.9% in 2017 owing to increasing urbanization resulting in rising real estate prices across various countries including China, India and Australia among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing robust economic growth on account of increasing foreign investments, rising disposable income, and expanding construction sector.
The regional growth can be attributed to various factors including growing population, rapid urbanization due to changing lifestyles of individuals coupled with rising standards of living; increasing need for commercial spaces such as shopping malls and offices; expansion of industrial sectors owing to growing demand from end-use industries; etc.
Europe accounted for a significant share in terms of revenue generation in 2017 owing to high levels offreedom associated with procurement processes followed by European Union (EU) member states along with other countries such as Norway, Switzerland, Turkey and Russia among others. This trend is projectedto continue over the forecast period thereby augmenting industry size across this region significantly.
Growth Factors:
- Increasing population – as the population grows, the demand for new homes, schools, hospitals and other infrastructure also increases, driving up construction spending.
- Urbanization – as more people move to cities and towns, there is a corresponding increase in demand for new housing and infrastructure projects.
- Economic growth – when the economy is strong, businesses invest more in new construction projects to meet their growing needs.
- Aging population – as the Baby Boomer generation ages they will require more healthcare facilities and other types of retirement homes which will spur on construction spending growth. 5) Government investment - governments at all levels are increasingly investing in infrastructure projects such as roads, bridges and public transportation systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Construction Spending Market Research Report
By Type
Cost of Labor and Materials, Cost of Architectural and Engineering Work, Overhead Costs, Interest and Taxes Paid During Construction, Others
By Application
Residential Sector, Industrial Sector, Commercial Sector
By Companies
AlJaber Engineering, Arabian Bemco Contracting, Arabtec Construction, HBK Group, Mushrif Trading and Contracting Company, Saudi Bin Ladin Group, Ashghal, Bechtel, Consolidated Contractors, El Seif Engineering Contracting, Ramaco Trading and Contracting, Oman Shapoorji Construction Co
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Construction Spending Market Report Segments:
The global Construction Spending market is segmented on the basis of:
Types
Cost of Labor and Materials, Cost of Architectural and Engineering Work, Overhead Costs, Interest and Taxes Paid During Construction, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Sector, Industrial Sector, Commercial Sector
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AlJaber Engineering
- Arabian Bemco Contracting
- Arabtec Construction
- HBK Group
- Mushrif Trading and Contracting Company
- Saudi Bin Ladin Group
- Ashghal
- Bechtel
- Consolidated Contractors
- El Seif Engineering Contracting
- Ramaco Trading and Contracting
- Oman Shapoorji Construction Co
Highlights of The Construction Spending Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cost of Labor and Materials
- Cost of Architectural and Engineering Work
- Overhead Costs
- Interest and Taxes Paid During Construction
- Others
- By Application:
- Residential Sector
- Industrial Sector
- Commercial Sector
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Construction Spending Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Construction spending is the sum of all outlays on new construction projects, including residential, commercial, and industrial.
Some of the major players in the construction spending market are AlJaber Engineering, Arabian Bemco Contracting, Arabtec Construction, HBK Group, Mushrif Trading and Contracting Company, Saudi Bin Ladin Group, Ashghal, Bechtel, Consolidated Contractors, El Seif Engineering Contracting, Ramaco Trading and Contracting, Oman Shapoorji Construction Co.
The construction spending market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Construction Spending Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Construction Spending Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Construction Spending Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Construction Spending Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Construction Spending Market Size & Forecast, 2020-2028
4.5.1 Construction Spending Market Size and Y-o-Y Growth
4.5.2 Construction Spending Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cost of Labor and Materials
5.2.2 Cost of Architectural and Engineering Work
5.2.3 Overhead Costs
5.2.4 Interest and Taxes Paid During Construction
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Sector
6.2.2 Industrial Sector
6.2.3 Commercial Sector
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Construction Spending Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Construction Spending Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cost of Labor and Materials
9.6.2 Cost of Architectural and Engineering Work
9.6.3 Overhead Costs
9.6.4 Interest and Taxes Paid During Construction
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Sector
9.10.2 Industrial Sector
9.10.3 Commercial Sector
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cost of Labor and Materials
10.6.2 Cost of Architectural and Engineering Work
10.6.3 Overhead Costs
10.6.4 Interest and Taxes Paid During Construction
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Sector
10.10.2 Industrial Sector
10.10.3 Commercial Sector
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cost of Labor and Materials
11.6.2 Cost of Architectural and Engineering Work
11.6.3 Overhead Costs
11.6.4 Interest and Taxes Paid During Construction
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Sector
11.10.2 Industrial Sector
11.10.3 Commercial Sector
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cost of Labor and Materials
12.6.2 Cost of Architectural and Engineering Work
12.6.3 Overhead Costs
12.6.4 Interest and Taxes Paid During Construction
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Sector
12.10.2 Industrial Sector
12.10.3 Commercial Sector
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cost of Labor and Materials
13.6.2 Cost of Architectural and Engineering Work
13.6.3 Overhead Costs
13.6.4 Interest and Taxes Paid During Construction
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Sector
13.10.2 Industrial Sector
13.10.3 Commercial Sector
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Construction Spending Market: Competitive Dashboard
14.2 Global Construction Spending Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AlJaber Engineering
14.3.2 Arabian Bemco Contracting
14.3.3 Arabtec Construction
14.3.4 HBK Group
14.3.5 Mushrif Trading and Contracting Company
14.3.6 Saudi Bin Ladin Group
14.3.7 Ashghal
14.3.8 Bechtel
14.3.9 Consolidated Contractors
14.3.10 El Seif Engineering Contracting
14.3.11 Ramaco Trading and Contracting
14.3.12 Oman Shapoorji Construction Co
