At 11% CAGR, Global Infrastructure System Market Size, Trends & Share to Surpass USD 5.9 Trillion by 2028: Industry Demand, Value, Analysis & Forecast Report by Zion Market Research
NEW YORK, Feb. 13, 2023 /PRNewswire/ -- As per Zion Market Research study, The global Infrastructure market accounted for USD 3.1 Trillion in 2020 and is expected to reach USD 5.9 Trillion by 2028, growing at a CAGR of around 11% between 2021 and 2028.
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Infrastructure Market: Overview
Infrastructure is the facilities and systems that support the sustainable functionality of households and firms. Increased impetus to develop infrastructure in various country is attracting both domestic and international players. The private sector is emerging as a key player across various infrastructure segments, ranging from roads and communications to power and airports. In order to boost the construction of buildings in India, the Government of India has decided to come up with a single window clearance facility to accord speedy approval of construction projects.
Development of highways would be undertaken, including the development of 2,500 km access control highways, 9,000 km of economic corridors, 2,000 km of coastal and land port roads, and 2,000 km of strategic highways. FASTag mechanism encourages greater commercialization of highways, enabling the NHAI to raise more resources. It was proposed to monetize at least 12 lots of highway bundles of over 6,000 km before 2024.
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Key Industry Insights & Findings of the Infrastructure Market Reports:
- As per the analysis shared by our research analyst, the global Infrastructure market is estimated to grow annually at a CAGR of around 11% over the forecast period (2022-2028)
- In terms of revenue, the global Infrastructure market size was valued at around USD 3.1 Trillion in 2021 and is projected to reach USD 5.9 Trillion, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate
Zion Market Research published the latest report titled "Infrastructure Market by Application (Residential/Non-Residential Construction, Energy and Utilities Infrastructure, Transport Infrastructure, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028" into their research database.
Industry Dynamics:
Infrastructure Market: Growth Drivers
Tremendous growth in Infrastructure industry is mainly due to rapidly growing manufacturing sectors and developing services, growing consumer demand and government commitments to recover the economic conditions of rural population and revive the agricultural sector.
Infrastructure sector is well poised to take a big leap, and it presents several investment opportunities for foreign investors from across the world. Infrastructure development reflects the health of the economy of any nation, as infrastructure is directly proportional to the growth and development. Being a rapidly growing nation, India has always given higher importance to the infrastructure sector, and it has received considerable attention from the government as well as private players.
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Global Infrastructure Market: Segmentation
Residential/Non-Residential Construction is the largest segment in the infrastructure. Transport infrastructure sector emerged as one of the prominent segments of infrastructure market with 24.58% share of the overall market in 2020. Transport infrastructure includes road, railway, inland water transport, sea and coastal transport and air transport infrastructure.
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List of Key Players in Infrastructure Market:
- Larsen & Toubro
- Gammon India
- Reliance Infrastructure
- Bechtel Group Inc.
- China State Construction Engineering Corporation (CSCEC)
- Fluor Corporation
- AECOM
- CH2M Hill
- Bouygues Construction
- Vinci S.A.
- Hochtief AG
- ACS Group
- Skanska AB
Key questions answered in this report:
- What are the growth rate forecast and market size for Infrastructure Market?
- What are the key driving factors propelling the Infrastructure Market forward?
- What are the most important companies in the Infrastructure Market Industry?
- What segments does the Infrastructure Market cover?
- How can I receive a free copy of the Infrastructure Market sample report and company profiles?
Report Scope:
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Regional Dominance:
Regionally, Asia Pacific has been leading the worldwide Infrastructure market and is anticipated to continue on the dominant position in the years to come. Infrastructure spending is closely aligned with GDP growth; annual average global growth is projected to stand at 3.0% in 2016−2020. This comes following a quieter 2011−2015, when global economic growth averaged 2.2%.
Global Infrastructure Market is segmented as follows:
Infrastructure Market: By Application Outlook (2022-2028)
- Residential/Non-Residential Construction
- Energy And Utilities Infrastructure
- Transport Infrastructure
- Others
Infrastructure Market: By Region Outlook (2022-2028)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Press Release for Infrastructure Market: https://www.zionmarketresearch.com/news/indian-infrastructure-market
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