The infrastructure construction market size was $4.4 trillion in 2022, which will garner an AAGR of more than 6% by 2027, according to a new report by GlobalData Plc. The infrastructure construction market across sectors will expand in the coming years with major spending in the US and China. The market will witness further growth once the Infrastructure Investment and Jobs Act (IIJA) comes to fruition. Funds from the IIJA will be spent on improving core infrastructure.
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Infrastructure Construction Market FAQs
- What was the global infrastructure construction market size in 2022?The infrastructure construction market size was $4.4 trillion in 2022.
- What is the expected infrastructure construction market growth rate from 2023 to 2027?
The infrastructure construction market will record an AAGR of more than 6% from 2023 to 2027. - Which was the leading sector in the infrastructure construction market in terms of pipeline projects in 2022?
Power construction was the leading infrastructure construction sector by pipeline projects in 2022. - Which region dominated the infrastructure construction market in 2022?
North-east Asia was the dominating regional segment in infrastructure construction in 2022.
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Infrastructure Construction Market Report Highlights
- Global infrastructure construction continues to be a key driver of overall construction industry activity. Governments worldwide have been investing in projects to generate economic growth momentum and helping offset weakness in other construction sectors.
- In 2022, power construction emerged as the leading sector that garnered the highest project pipeline value. Increased investment in green technology and renewable energy stemming from government policy are driving the sector’s growth. Furthermore, the conflict in Ukraine has emphasized the need to diversify energy supply and develop independent supply chains in many markets. In addition, the growing global political will to decarbonize the economy is driving the power generation construction sector growth.
- In terms of regions, North-East Asia had the highest value pipeline of large-scale infrastructure projects. Western Europe and South Asia followed the lead among other regional segments of the infrastructure construction market. North-East Asia’s pipeline is advanced in terms of breakdown by development and has the majority of its pipeline projects already in the execution stage.
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Infrastructure Construction Market Sectors Outlook (Value, $ Trillion, 2017-2027)
- Roads
- Railways
- Electricity & Power
- Water and Sewerage
- Airports and Other Infrastructure
Infrastructure Construction Market Regions Outlook (Value, $ Trillion, 2017-2027)
- North-East Asia
- South-East Asia
- South Asia
- Australasia
- Middle East and North Africa
- Sub-Saharan Africa
- North America
- Latin America
- Western Europe
- Eastern Europe
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Related Reports
https://www.globaldata.com/store/report/western-europe-infrastructure-construction-market-analysis
https://www.globaldata.com/store/report/eastern-europe-infrastructure-construction-market-analysis/
https://www.globaldata.com/store/report/latin-america-infrastructure-construction-market-analysis/
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