出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2021年 8月
Impact of COVID-19 on Construction Industry Market by Type (Residential, Non-Residential, and Heavy & Civil Engineering) and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) – Global Forecast to 2024
COVID-19が建設業界市場に与える影響のタイプ（住宅、非住宅、重土木工学）および地域（北米、ヨーロッパ、アジア太平洋、中東およびアフリカ、南米）別
| ページ数 | 82 |
| 図表数 | 57 |
| 種別 | 英文調査報告書 |
| 価格 |
The global construction market size is declined from USD 11,217.4 billion in 2019 to USD 10,741.2 billion in 2020. However, the industry is showing signs of recovery since the beginning of 2021 and reach a market size of USD 13,572.4 billion in 2024, projecting a CAGR of 6.0% between 2020 and 2024. An increase in automation in public spaces, government initiatives along with the rising awareness about antibacterial construction materials, is expected to boost the construction industry post COVID-19 pandemic. However, shutdown of manufacturing facilities, non-availability of raw materials, and impact on supply chain and logistics is expected to restrain the industry growth.
“Heavy & civil engineering sector to be the fastest-growing construction type during the forecast period.”
The coronavirus pandemic has created many challenges for several businesses, governments, organizations, and societies around the world. Companies working in different sectors are reacting in different ways to ensure business continuity, supply chain flexibility, and other such measures to innovative ways to generate revenue. The uncertainties with regard to this pandemic have affected the heavy & civil engineering sector. Despite the effects of COVID-19, a few civil engineering activities have been maintained to some extent and are likely to continue in long term. There was no complete lockdown in several countries, and hence, companies are willing to continue executing their contracts to avoid liquidation damages. However, in 2020 these activities were halted for some time, as supply chains was disrupted by a shortage of equipment and materials. In addition, public agencies and administrations had terminated contracts to control expenses.
“APAC is the fastest-growing construction market.”
APAC is projected to register the highest CAGR in terms of value in the global construction industry during the forecast period. APAC dominated the construction industry in 2019. The construction companies have ample opportunities in the APAC market in comparison to the European and North American counterparts owing to low-cost labor and raw materials. Various raw material companies have halted their production sites across various countries in initial phase of covid-19 to avoid further spread of coronavirus. This halt in production has led to reduced supplies in various Asian countries, including India and China.
This study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided into the following three categories:
• By Company Type- Tier 1- 45%, Tier 2- 32%, and Tier 3- 23%
• By Designation- C Level- 43%, Managers- 38%, and Others- 19%
• By Region- North America- 35%, APAC- 33%, Europe- 25%, Middle East & Africa and South America- 7%
The report provides a comprehensive analysis based on construction companies such as:
• Bechtel Group (US)
• Balfour Beatty (UK)
• Grupo ACS (Spain)
• China State Construction Engineering Corporation Limited (China)
• L&T Construction (India)
• PCL Construction Enterprises (Canada)
• Skanska Construction (Sweden)
Research Coverage
This report covers the global construction industry and forecasts the market size until 2021. The report includes the market segmentation –Type (Residential, Non-Residential, and Heavy & Civil Engineering) and Region (Europe, North America, APAC, South America, and the Middle East & Africa). Porter’s Five Forces analysis, along with the drivers and restraints, are discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global construction industry.
Key benefits of buying the report:
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the global construction industry comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the construction industry and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses.
Reasons to buy the report:
The report will help market leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall construction industry and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
目次
1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 COVID-19 14
1.3 CONFIRMED CASES AND DEATHS BY COUNTRY 15
FIGURE 1 UNPRECEDENTED PROPAGATION OF COVID-19 PANDEMIC 15
1.4 MARKET SCOPE 16
1.4.1 MARKET DEFINITION 16
FIGURE 2 CONSTRUCTION INDUSTRY SEGMENTATION 16
FIGURE 3 YEARS CONSIDERED FOR THE STUDY 16
1.5 CURRENCY 17
1.6 LIMITATIONS OF THE STUDY 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
FIGURE 4 IMPACT OF COVID-19 ON CONSTRUCTION INDUSTRY: RESEARCH DESIGN 18
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 20
2.2.1 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 20
FIGURE 5 IMPACT OF COVID-19 ON GLOBAL CONSTRUCTION INDUSTRY: MARKET SIZE ESTIMATION (METHOD 1) 20
2.2.2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 21
FIGURE 6 IMPACT OF COVID-19 ON GLOBAL CONSTRUCTION INDUSTRY: MARKET SIZE ESTIMATION (METHOD 2) 21
FIGURE 7 DIFFERENT SCENARIOS FOR CONSTRUCTION MARKET 22
2.3 DATA TRIANGULATION 23
FIGURE 8 CONSTRUCTION INDUSTRY: DATA TRIANGULATION 23
3 MACROECONOMIC INDICATORS 24
FIGURE 9 IMPACT OF COVID-19 IN 2020 ON DIFFERENT COUNTRIES 26
FIGURE 10 THREE SCENARIO-BASED ANALYSES OF IMPACT OF COVID-19
ON OVERALL BUSINESS 27
4 CUSTOMER ANALYSIS 28
4.1 SHIFT IN INSTITUTIONAL/INDUSTRIAL CUSTOMERS 28
4.1.1 DISRUPTION IN INDUSTRIAL/COMMERCIAL SECTORS 28
4.1.2 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/
IMPROVE PRODUCTION 28
4.1.2.1 Impact on customers’ revenues 28
4.1.2.2 Impact on construction of new facilities 29
4.1.2.3 Short-term strategies to manage cost structure and supply chains 29
4.1.2.4 Long-term strategies to manage cost structure and supply chains 29
4.1.3 NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES 30
4.1.3.1 Measures taken by customers in 2020 30
4.1.3.2 Customers’ perspective on growth outlook 31
4.2 SHIFT IN RESIDENTIAL CUSTOMER SEGMENTS 31
4.2.1 DISRUPTION IN CONSTRUCTION INDUSTRY 31
4.2.2 IMPACT ON CUSTOMER SPENDING PATTERNS 32
4.2.2.1 Changing income levels 32
4.2.2.2 Customers’ perspective on growth outlook/new construction 32
5 COVID-19 IMPACT: CONSTRUCTION ECOSYSTEM 33
5.1 VALUE CHAIN ANALYSIS 33
FIGURE 11 VALUE CHAIN OF CONSTRUCTION INDUSTRY 33
5.1.1 RESIDENTIAL BUILDING CONSTRUCTION 34
5.1.2 NON-RESIDENTIAL BUILDING CONSTRUCTION 34
5.1.3 HEAVY & CIVIL ENGINEERING CONSTRUCTION 34
5.2 IMPACT ON VALUE CHAIN & MEASURES TAKEN 35
5.2.1 FINANCING 35
5.2.2 DESIGN/ARCHITECTS 35
5.2.3 CONSTRUCTION MATERIAL SUPPLIERS 35
5.2.4 LOGISTICS/EQUIPMENT SUPPLIERS 36
5.2.5 CONSTRUCTION CONTRACTORS/CONSULTANTS 37
5.2.6 MAINTENANCE/USERS/SERVICE PROVIDERS 37
FIGURE 12 IMPACT OF VALUE CHAIN OF CONSTRUCTION INDUSTRY 37
5.3 MARKET DYNAMICS 38
FIGURE 13 IMPACT OF COVID-19 ON CONSTRUCTION MARKET: DRIVERS
AND RESTRAINTS 38
5.3.1 DRIVERS 38
5.3.1.1 Increasing automation in public spaces and rising awareness
about antibacterial construction materials 38
5.3.1.2 Population growth and rapid urbanization 38
TABLE 1 APAC URBANIZATION TREND, 1990–2050 39
5.3.1.3 Increasing demand for energy-efficient buildings 39
5.3.2 RESTRAINTS 40
5.3.2.1 Shutdown of manufacturing facilities 40
5.3.2.2 Non-availability of raw materials 40
5.3.2.3 Impact on supply chain and logistics 40
5.3.2.4 Volatility in raw material prices 40
FIGURE 14 CRUDE OIL PRICE TREND 41
5.3.2.5 Global housing crisis 41
6 IMPACT OF COVID-19 ON CONSTRUCTION COMPANIES 42
6.1 TOP-PERFORMING SECTORS 42
6.1.1 RESIDENTIAL 42
6.2 MAJORLY HAMPERED, SECTORS 43
6.2.1 NON-RESIDENTIAL 43
6.2.2 HEAVY & CIVIL ENGINEERING 43
6.3 TOP PERFORMER BY CONSTRUCTION TECHNOLOGIES 44
6.3.1 PREFABRICATED TECHNOLOGY 44
6.3.2 AUTOMATED CONSTRUCTION TECHNOLOGY 44
6.3.3 COMPUTER INTEGRATED/SMART CONSTRUCTION TECHNIQUES 45
6.3.4 WORKFORCE SOURCING 45
6.4 COVID-19 IMPACT ON TOP COMPANIES 45
6.4.1 BECHTEL GROUP 45
6.4.2 BALFOUR BEATTY 46
6.4.3 ACS GROUP 47
6.4.4 CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED 47
6.4.5 L&T CONSTRUCTION 48
6.4.6 PCL CONSTRUCTION ENTERPRISES 49
6.4.7 SKANSKA AB 49
7 WINNING STRATEGIES OF CONSTRUCTION COMPANIES 51
7.1 WINNING STRATEGIES TO GAIN MARKET SHARE 51
7.1.1 SHORT-TERM STRATEGIES (TILL Q12021) 51
7.1.2 MIDTERM STRATEGIES (2021–2022) 52
7.1.3 LONG-TERM STRATEGIES (2024 ONWARDS) 52
7.2 COVID-19-RELATED DEVELOPMENTS/STRATEGIES OF STAKEHOLDERS
IN CONSTRUCTION VALUE CHAIN 53
8 IMPACT OF COVID-19 ON CONSTRUCTION INDUSTRY 56
8.1 SCENARIO-BASED FORECASTING, BY TYPE 56
8.1.1 PESSIMISTIC SCENARIO 56
TABLE 2 GLOBAL PESSIMISTIC SCENARIO: COVID-19 IMPACT ON CONSTRUCTION MARKET SIZE, BY TYPE, 2019–2024 (USD BILLION) 56
8.1.2 REALISTIC SCENARIO 56
TABLE 3 GLOBAL REALISTIC SCENARIO: COVID-19 IMPACT ON CONSTRUCTION MARKET SIZE, BY TYPE, 2019–2024 (USD BILLION) 56
8.1.3 OPTIMISTIC SCENARIO 56
TABLE 4 GLOBAL OPTIMISTIC SCENARIO: COVID-19 IMPACT ON CONSTRUCTION MARKET SIZE, BY TYPE, 2019–2024 (USD BILLION) 56
8.2 BY TYPE, REALISTIC SCENARIO 57
8.2.1 RESIDENTIAL CONSTRUCTION 57
TABLE 5 COVID-19 IMPACT ON RESIDENTIAL CONSTRUCTION MARKET SIZE,
BY REGION, 2019–2024 (USD BILLION) 57
8.2.2 NON-RESIDENTIAL CONSTRUCTION 57
TABLE 6 COVID-19 IMPACT ON NON-RESIDENTIAL CONSTRUCTION MARKET SIZE,
BY REGION, 2019–2024 (USD BILLION) 57
8.2.3 HEAVY & CIVIL ENGINEERING CONSTRUCTION 57
TABLE 7 COVID-19 IMPACT ON HEAVY & CIVIL ENGINEERING CONSTRUCTION MARKET SIZE, BY REGION, 2019–2024 (USD BILLION) 57
8.3 BY REGION, REALISTIC SCENARIO 58
TABLE 8 POST-COVID-19: CONSTRUCTION MARKET SIZE, BY REGION,
2019–2024 (USD BILLION) 58
TABLE 9 POST-COVID-19: CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 58
8.3.1 APAC 59
TABLE 10 POST-COVID-19: APAC CONSTRUCTION MARKET SIZE, BY COUNTRY,
2019–2024 (USD BILLION) 59
TABLE 11 POST-COVID-19: APAC CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 60
8.3.1.1 China 60
8.3.1.1.1 Construction industry heavily dependent on rural
migrant workers 60
TABLE 12 POST-COVID-19: CHINA CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 60
8.3.1.2 Japan 61
8.3.1.2.1 Economic situation in country under control 61
TABLE 13 POST-COVID-19: JAPAN CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 61
8.3.1.3 India 61
8.3.1.3.1 Rapid growth of construction industry 61
TABLE 14 POST-COVID-19: INDIA CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 62
8.3.1.4 Australia 62
8.3.1.4.1 Construction industry to significantly contribute to GDP 62
TABLE 15 POST-COVID-19: AUSTRALIA CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 63
8.3.1.5 Indonesia 63
8.3.1.5.1 Construction industry supporting country’s
economic growth 63
TABLE 16 POST-COVID-19: INDONESIA CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 64
8.3.1.6 South Korea 64
8.3.1.6.1 Government’s high economic interest in residential, commercial, and infrastructure projects 64
TABLE 17 POST-COVID-19: SOUTH KOREA CONSTRUCTION MARKET SIZE, BY TYPE, 2019–2024 (USD BILLION) 64
8.3.1.7 Rest of APAC 65
TABLE 18 POST-COVID-19: REST OF APAC CONSTRUCTION MARKET SIZE, BY TYPE, 2019–2024 (USD BILLION) 65
8.3.2 EUROPE 65
TABLE 19 POST-COVID-19: EUROPE CONSTRUCTION MARKET SIZE, BY COUNTRY, 2019–2024 (USD BILLION) 66
TABLE 20 POST-COVID-19: EUROPE CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 66
8.3.2.1 UK 66
8.3.2.1.1 Lockdown restrictions and other measures to have a negative impact on construction activities 66
TABLE 21 POST-COVID-19: UK CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 67
8.3.2.2 Germany 67
8.3.2.2.1 German construction industry in relatively good position 67
TABLE 22 POST-COVID-19: GERMANY CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 67
8.3.2.3 France 68
8.3.2.3.1 Revival of construction market expected by end of 2021 68
TABLE 23 POST-COVID-19: FRANCE CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 68
8.3.2.4 Italy 68
8.3.2.4.1 Construction market to witness growth in near future 68
TABLE 24 POST-COVID-19: ITALY CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 68
8.3.2.5 Russia 69
8.3.2.5.1 Demand for construction material remained high 69
TABLE 25 POST-COVID-19: RUSSIA CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 69
8.3.2.6 Spain 69
8.3.2.6.1 Country to witness strong and balanced growth in 2021 69
TABLE 26 POST-COVID-19: SPAIN CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 70
8.3.2.7 Rest of Europe 70
TABLE 27 POST-COVID-19: REST OF EUROPE CONSTRUCTION MARKET SIZE, BY TYPE, 2019–2024 (USD BILLION) 70
8.3.3 NORTH AMERICA 70
TABLE 28 POST-COVID-19: NORTH AMERICA CONSTRUCTION MARKET SIZE,
BY COUNTRY, 2019–2024 (USD BILLION) 71
TABLE 29 POST-COVID-19: NORTH AMERICA CONSTRUCTION MARKET SIZE,
BY TYPE, 2019–2024 (USD BILLION) 71
8.3.3.1 US 71
8.3.3.1.1 Contractors facing difficulties with material supply chain 71
TABLE 30 POST-COVID-19: US CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 72
8.3.3.2 Canada 72
8.3.3.2.1 Construction sector relatively less impacted by COVID-19 72
TABLE 31 POST-COVID-19: CANADA CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 73
8.3.3.3 Mexico 73
8.3.3.3.1 Beginning of recovery expected by 2021 73
TABLE 32 POST-COVID-19: MEXICO CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 73
8.3.4 SOUTH AMERICA 74
TABLE 33 POST-COVID-19: SOUTH AMERICA CONSTRUCTION MARKET SIZE,
BY COUNTRY, 2019–2024 (USD BILLION) 74
TABLE 34 POST-COVID-19: SOUTH AMERICA CONSTRUCTION MARKET SIZE,
BY TYPE, 2019–2024 (USD BILLION) 74
8.3.4.1 Brazil 75
8.3.4.1.1 Has potential to become an important market for construction 75
TABLE 35 POST-COVID-19: BRAZIL CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 75
8.3.4.2 Argentina 76
8.3.4.2.1 High government investment for road, housing, and sanitation infrastructure 76
TABLE 36 POST-COVID-19: ARGENTINA CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 76
8.3.4.3 Rest of South America 77
TABLE 37 POST-COVID-19: REST OF SOUTH AMERICA CONSTRUCTION MARKET SIZE, BY TYPE, 2019–2024 (USD BILLION) 77
8.3.5 MIDDLE EAST & AFRICA 77
TABLE 38 POST-COVID-19: MIDDLE EAST & AFRICA CONSTRUCTION MARKET SIZE,
BY COUNTRY, 2019–2024 (USD BILLION) 78
TABLE 39 POST-COVID-19: MIDDLE EAST & AFRICA CONSTRUCTION MARKET SIZE,
BY TYPE, 2019–2024 (USD BILLION) 78
8.3.5.1 Saudi Arabia 78
8.3.5.1.1 Healthcare sector to witness an increase in projects 78
TABLE 40 POST-COVID-19: SAUDI ARABIA CONSTRUCTION MARKET SIZE, BY TYPE, 2019–2024 (USD BILLION) 79
8.3.5.2 UAE 79
8.3.5.2.1 Construction companies approaching material suppliers
in India, Singapore, Thailand, and the US 79
TABLE 41 POST-COVID-19: UAE CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 79
8.3.5.3 Nigeria 80
8.3.5.3.1 COVID-19 pandemic negatively impacting
economic recovery 80
TABLE 42 POST-COVID-19: NIGERIA CONSTRUCTION MARKET SIZE, BY TYPE,
2019–2024 (USD BILLION) 80
8.3.5.4 Rest of the Middle East & Africa 80
TABLE 43 POST-COVID-19: REST OF MIDDLE EAST & AFRICA CONSTRUCTION MARKET SIZE, BY TYPE, 2019–2024 (USD BILLION) 80
9 APPENDIX 81
9.1 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 81
9.2 AVAILABLE CUSTOMIZATIONS 83
9.3 RELATED REPORTS 83
9.4 AUTHOR DETAILS 84
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