The global construction market size reached USD 12,639.41 Billion in 2020 and is expected to register a CAGR of 7.4% during the forecast period. Increasing urbanisation due to growing population globally with rise in disposable income is expected to drive global construction market revenue growth over the forecast period. In addition, rapid technological advancements in infrastructure development with growing demand for environment-friendly buildings with low carbon footprint are other key factors augmenting growth of the global construction market. Another factor expected to propel construction market growth is improving economic conditions in developing countries thus resulting in rising disposable income among consumers and increasing government investment on public infrastructure.
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