Urbanization amplifies demand for construction equipment contractor market

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Global Construction Equipment Contractors Market Report 2022 – Market Size, Global Trends and Forecast 2022 – 2026

The Business Research Company Global Construction Equipment Contractors Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, UK, January 5, 2022 /EINPresswire.com/ – A rapidly growing urban population is expected to increase demand for new residential and commercial buildings during the forecast period. According to the United Nations World Urbanization Outlook report, it is predicted that more than two-thirds (60%) of the world’s population will live in cities by 2050. For example, great opportunities are expected to present themselves. in Asian countries such as Indonesia. , Vietnam and the Philippines which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, the urban population in South Asia is expected to increase by 250 million by 2030. Forecasts of the construction equipment contractors market say that rapid urbanization is expected to stimulate demand for new infrastructure and boost the market for new infrastructure. construction equipment contractors during the forecast period.

The global construction equipment contractor market size is expected to grow from $ 2.50 trillion in 2021 to $ 2.79 trillion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The growth in the construction equipment contractors market is primarily driven by the reorganization of their operations and the recovery from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, labor at distance and closure of business activities which resulted in operational challenges. The construction equipment contractors market growth is expected to reach $ 4.17 trillion in 2026 at a CAGR of 10.5%.

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The major players in the global construction equipment contractors industry are KONE Corporation, Comfort Systems USA, Inc., Balfour Beatty plc, Fletcher Building Ltd., Vinci SA.

Asia-Pacific was the largest region in the construction equipment contractors market in 2021. North America was the second largest region in the construction equipment contractors market. The regions covered by the Construction Equipment Contractors Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The global TBRC Construction Equipment Contractors Market report is segmented by Type into Electrical Contractors and Other Wiring Installation Contractors, Plumbing, Heating & Air Conditioning Contractors, Other Construction Equipment Contractors, by Application in Construction of residential buildings, non-residential building construction, utility system construction, other, by service provider in large chain companies, independent contractors, by online mode, offline.

Global Construction Equipment Contractors Market Report 2022 – By Type (Electrical Contractors and Other Wiring Installation Contractors, Plumbing, Heating & Air Conditioning Contractors), By Application (Residential Building Construction, Non-Residential Building Construction, utility system construction), by service provider (large chain companies, independent contractors), by mode (online, offline) – Market size, global trends and forecast 2022 – 2026 is one of a series of new reports from The Business Research Company which provides global construction equipment contractors market overview, forecast construction equipment contractors market size and growth for the entire market, construction equipment contractors market segments , geographies, market trends for construction equipment contractors ion, construction equipment contractors market drivers, restraints, revenues, profiles and market shares of major competitors.

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