DUBLIN, Sept. 28, 2023 /PRNewswire/ -- The "Global Infrastructure Construction Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)" report has been added to ResearchAndMarkets.com's offering.
The global infrastructure sector is poised for substantial growth, with the market estimated at USD 2.57 trillion in 2023 and projected to reach USD 3.48 trillion by 2028, boasting a commendable compound annual growth rate (CAGR) of 6.27% during the forecast period from 2023 to 2028. Several significant factors and trends are contributing to this robust market expansion.
Key Highlights:
- Pandemic Impact: The COVID-19 pandemic had severe negative effects on economies, leading to reduced infrastructure usage rates and shortfalls in financing and maintenance. However, governments and businesses are now prioritizing infrastructure investments to stimulate economic recovery and growth.
- Sustainable Infrastructure: The global shift towards sustainable infrastructure necessitates collaboration and innovation. Public-private partnerships, innovative financing instruments, and regulatory frameworks will play crucial roles in advancing sustainable infrastructure projects.
- Technology Adoption: Infrastructure is embracing advanced technologies such as artificial intelligence, robotics, and intelligent drones. These technologies are expected to enhance efficiency, reduce costs, and improve safety in the sector. Cloud technology adoption is also growing, driving demand for data transmission and storage assets.
Market Trends:
- Asia-Pacific Investment: The Asia-Pacific region is witnessing substantial infrastructure investment, driven by pandemic recovery and stimulus packages. FDI inflows to Asia-Pacific remained resilient throughout the pandemic, making the region an attractive destination for international investments. India, in particular, has attracted significant foreign direct investment (FDI) inflows.
- India's Infrastructure Growth: India's infrastructure sector is a vital driver of economic growth, improving manufacturing competitiveness and overall growth. The government's initiatives, including the National Infrastructure Pipeline (NIP), aim to accelerate infrastructure projects by minimizing delays, reducing complexities, and enhancing transparency.
- Challenges in the Sector: Infrastructure-related challenges include land acquisition policies, implementation delays, and project overruns due to bureaucratic delays. However, governments are actively addressing these issues to expedite infrastructure projects.
- Pandemic Challenges: The COVID-19 pandemic exacerbated budget gaps in infrastructure, particularly in regions where budgets were already strained. Infrastructure spending declined, with a focus on maintenance rather than new projects. International-sponsored projects were severely impacted, with supply chain disruptions affecting the construction industry.
Top Companies in the Infrastructure Sector:
- ACS Actividades de Construccion y Servicios S.A. (ACS Group)
- VINCI SA
- China State Construction Engineering Corporation Ltd
- Skanska AB
- Larsen & Toubro
- Kajima Corporation
- Hochtief Aktiengesellschaft
- China Communications Construction Group Ltd
- Balfour Beatty
- Bouygues Group
- Fluor Corporation
- Hyundai Engineering & Construction Co. Ltd (HDEC)
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Industry Outlook (Current Economic and Construction Market Scenario)
4.2 Regulatory Environment, Compliance Processes, EHS Trends and Key Policy Initiatives for the Global Infrastructure Sector
4.3 Technological Innovations in the Construction Sector
4.4 Market dynamics
4.4.1 Drivers
4.4.2 Restraints
4.4.3 Opportunities
4.4.4 Porter's Five Forces Analysis
4.4.5 Industry Value Chain Analysis
4.5 Impact of COVID - 19 on the Market
5 MARKET SEGMENTATION (Market Size By Value)
5.1 By Type
5.1.1 Social Infrastructure
5.1.1.1 Schools
5.1.1.2 Hospitals
5.1.1.3 Defense
5.1.1.4 Other Infrastructure
5.1.2 Transportation Infrastructure
5.1.2.1 Railways
5.1.2.2 Roadways
5.1.2.3 Airports
5.1.2.4 Ports
5.1.2.5 Waterways
5.1.3 Extraction Infrastructure
5.1.3.1 Oil and Gas
5.1.3.2 Other Extraction (Minerals, Metals, and Coal)
5.1.4 Utilities Infrastructure
5.1.4.1 Power Generation
5.1.4.2 Electricity Transmission & Distribution
5.1.4.3 Water
5.1.4.4 Gas
5.1.4.5 Telecoms
5.1.5 Manufacturing Infrastructure
5.1.5.1 Metal and Ore Production
5.1.5.2 Petroleum Refining
5.1.5.3 Chemical Manufacturing
5.1.5.4 Industrial Parks and Clusters
5.1.5.5 Other Infrastructure
5.2 By Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa
6 GLOBAL INFRASTRUCTURE SECTOR- INVESTMENT ANALYSIS
6.1 Includes Direct Investment -Public, Private and PPP
6.2 Indirect Investment (INVITs, IOCs, Others)
6.3 EPC, BOT, Others-Infrastructure Project Financing Models and Market Trends
7 COMPETITIVE LANDSCAPE
7.1 Competition Overview (Overview and Market Share Analysis)
7.2 Company Profiles
8 FUTURE OUTLOOK OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/82gl0c
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