Asia-Pacific Construction Market is predicted to reach USD 8.65 Trillion by 2030

According to the study by Next Move Strategy Consulting, the Asia-Pacific Construction Market size is predicted to reach USD 8.65 trillion, at a CAGR of 7.2% by 2030.

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The construction market in the Asia-Pacific region is experiencing a significant upward trend, primarily fueled by substantial government funding directed towards infrastructure development. Key areas of focus include transportation systems, energy, water systems, and urbanization projects.

Furthermore, there is a clear emphasis on environmentally friendly building practices and energy efficiency, expected to further drive expansion and development in the construction market in the region.

The market players operating in the Asia-Pacific infrastructure industry include China State Construction Engineering Corp. Ltd. (CSCEC), China Railway Group Ltd. (CREC), China Railway Construction Corp. Ltd. (CRCC), China Communications Construction Group Ltd. (CCCC), Metallurgical Corporation of China Ltd. (MCC), Power Construction Corp. of China, Vinci SA, China Energy Engineering Corp. (CEEC), Shanghai Construction Group (SCG), Bouygues Group, and others.