Construction Market Analysis: Challenges, Growth Factors, and Future Outlook

According to the study by Next Move Strategy Consulting, the Construction Market size is predicted to reach USD 16.10 trillion with a CAGR of 5.9% till 2030.

Economic expansion is a crucial driving force behind the growth of the construction industry. It significantly influences the demand for a wide range of construction projects, including infrastructure, commercial ventures, and residential developments. 

The increasing global population and the trend towards urban migration are fueling a persistent demand for new residential complexes, commercial structures, shopping centers, and public infrastructure to cater to the expanding urban population.

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