The report below gives a good overview of the Spring 2022 M&A activity in the Engineering and Construction Industry Sector. The global construction industry was valued at $7.3 trillion in 2021, and is forecasted to reach $14.4 trillion by 2030, growing at a CAGR of 7.3% during the period 2022-2030, as per research published by Research and Markets. The global construction demand is expected to increase due to rapid economic growth in developing countries and lower interest rates in many developed countries. In addition to that, increased private sector construction investments, technological advancements, and rising disposable income are expected to drive the growth of the construction industry. In 2022, it is estimated that the US non-residential construction industry would grow at 4.6% as per an article published by the American Institutes of Architects' Consensus Construction. The US residential construction industry is projected to increase at 9%, in 2022, as per research published by Oxford Economics and ConstructConnect. Governments all over the world are increasing spending on infrastructure and housing, which is boosting the market growth. The construction market's growth is expected to be limited by raw material price volatility and increased concerns about the health and well-being of construction workers. However, the rising demand for infrastructure development and application of advantaged construction technology and equipment is expected to provide significant growth opportunities for construction market players in the future.
Posted by Dean Durbin.