Industry Background:
Construction spending is an economic indicator which measures the amount of spending related to new construction. Further, the construction spending offers monthly estimates of the total spend value of construction work done. Construction Spending covers the spending on construction work done each month on new structures or improvements to existing structures for private and public sectors. Data estimates consist of the cost of labor and materials, overhead costs, cost of architectural and engineering work, interest and taxes paid during construction and contractor's profits.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | AlJaber Engineering (Qatar), Arabian Bemco Contracting (Saudi Arabia), Arabtec Construction (United Arab Emirates), HBK Contracting Company W.L.L. (Qatar), Mushrif Trading and Contracting Company (Kuwait), Saudi Bin Ladin Group (Saudi Arabia), Ashghal (Qatar), Bechtel (United States), Consolidated Contractors Company (Greece) and El Seif Engineering Contracting (Saudi Arabia) |
This growth is primarily driven by Growing Infrastructure Investment and Industrialization and Supportive Government Initiatives.
Globally, a noticeable market trend is evident Rapid Urbanization Translating to a Large Number of New Construction Projects Major Manufacturers, such as AlJaber Engineering (Qatar), Arabian Bemco Contracting (Saudi Arabia), Arabtec Construction (United Arab Emirates), HBK Contracting Company W.L.L. (Qatar), Mushrif Trading and Contracting Company (Kuwait), Saudi Bin Ladin Group (Saudi Arabia), Ashghal (Qatar), Bechtel (United States), Consolidated Contractors Company (Greece) and El Seif Engineering Contracting (Saudi Arabia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The major players are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their strategies. The companies are exploring new geographies through expansions and acquisitions across the globe to avail competitive advantage through combined synergies
Influencing Trend:
Rapid Urbanization Translating to a Large Number of New Construction Projects
Market Growth Drivers:
Growing Infrastructure Investment and Industrialization and Supportive Government Initiatives
Challenges:
Instability in Transportation Charges Can Create an Unpredictable Business Environment
Restraints:
Changing Regulations and Industry Standards
Opportunities:
Economic Growth and Increasing Government Expenditure on Infrastructure Development
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Construction Spending Market
- Analysis about New Entrants in Construction Spending Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Construction Spending Study Sheds Light on
The Construction Spending Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Construction Spending industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Construction Spending industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.