Impact of COVID-19 on Construction Industry Market

7500+ companies worldwide approach us every year for their revenue growth inititatives

Global top 2000 strategist rely on us for their growth strategies.

80% of fortune 2000 companies rely on our research to identify new revenue sources.

30000 High Growth Opportunities

95% renewal rate

KNOW MORE

Impact of COVID-19 on Construction Industry Market by Type (Residential, Non-Residential, Heavy & Civil Engineering) and Region - Global Forecast to 2021

FREE BROCHURE FREE SAMPLE REPORT

Report Code: BC 7744 Sep, 2020, by marketsandmarkets.com

[70 Pages Report] The global construction market size is expected to decline from USD 11,217.4 billion in 2019 to USD 10,566.8 billion in 2020. However, the industry will show signs of recovery in 2021 and reach a market size of USD 11,496.7 billion, projecting a CAGR of 1.2% between 2019 and 2021. The construction industry is expected to grow due to expected economic recovery resulting in increasing awareness about antibacterial construction materials.

Attractive Opportunities In Construction Industry

To know about the assumptions considered for the study, Request for Free Sample Report

Residential is the major segment of the construction industry.

Globally, construction is more than USD 11 trillion industry, of which residential construction is the largest sector. The occurrence of COVID-19 has caused disruption in the residential construction sector. The main disruption is in the supply chain. The transformation of COVID-19 from a China-centric challenge to a global pandemic has resulted in shifting the impact to the global construction supply chains and markets.

The ongoing pandemic has created a number of challenges not only for the construction industry but also disrupted the global economy. The global crisis, duration of the recession, and path of recovery will largely determine the nature and severity of these challenges. The construction industry, particularly the new residential segment, was performing well and witnessing a surge in activity across many sectors in the first quarter of 2020. Owing to the rising number of cases in North America, many ongoing projects that were considered essential by the government authorities were not stopped, but new residential construction permits were suspended.

In the current situation, the builders and contractors are struggling to obtain permits for both new and in-process construction projects. Both construction companies and workers want to resume or continue their operations. However, new guidelines and regulations issued by the governments have created uncertainty and confusion for the companies as well as the laborers. Homeowners in regions with a high number of COVID-19 cases are limiting contractor access or entrance into homes and are preferring DIY projects as families are staying home.

Construction Industry By Region

To know about the assumptions considered for the study, download the pdf brochure

APAC held the largest share in the construction industry in 2019.

APAC is the major construction market owing to the increasing construction activities in China, India, and Southeast Asian countries. Advancements in technology, regulatory policies, and government norms are some of the major factors driving the construction industry in APAC. However, the COVID-19 pandemic has resulted in a huge decline in the construction market in the region owing to continuous lockdown across various countries in 2020.

Key Market Players

The key players in the global construction industry are Bechtel Group (US), Balfour Beatty (UK), Grupo ACS (Spain), China State Construction Engineering Corporation Limited (China), L&T Construction (India), PCL Construction Enterprises (Canada), and Skanska Construction (Sweden). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the construction industry. The study includes an in-depth competitive analysis of these companies in the construction industry, with their company profiles, recent developments, and key market strategies.

Scope Of The Report

Report Metric	Details
Years considered for the study	2018�2021
Base year	2019
Forecast period	2020�2021
Units considered	Value (USD Billion)
Segments	Type and Region
Regions	Europe, North America, APAC, Middle East & Africa, and South America
Companies	Bechtel Group (US), Balfour Beatty (UK), Grupo ACS (Spain), China State Construction Engineering Corporation Limited (China), L&T Construction (India), PCL Construction Enterprises (Canada), and Skanska Construction (Sweden)

This research report categorizes the composites market based on type and region.

By Type:

Residential
Non-Residential
Heavy & Civil Engineering

By Region:

North America
Europe
APAC
Middle East & Africa

South America

Recent Developments

Bechtel is taking extensive steps to minimize risks of COVID-19 spread. Yet many workers remain reluctant regarding potential exposure to COVID-19 on the job. Even at sites that remain open, the absenteeism rates are high among laborers. As a result of these factors, the company is establishing widespread test and trace capabilities so that the workers/labors can return to work.
A wide range of preventive measures, especially at the plant level, has been implemented throughout the crisis, which is helping Balfour Beatty to maintain the supply chain intact. Despite a surge in demand, a shortage of raw material, and logistical challenges, the company has succeeded in fulfilling contractual obligations without outages or long delays. The company�s strategic building merchants are operating at reduced capacity across the UK.
Amid the global pandemic, CSCEC immediately built two hospitals in Wuhan in the span of 10 to 12 days. The 1,000-bed Huoshenshan hospital was completed on February 3, 2020, while the 1,600-bed hospital Leishenshan was completed on February 5, 2020.
CSCEC has been steadily carrying on the construction of projects in Wuhan as well as others across Hubei province, without compromising the outbreak prevention and control. Its North Fourth Ring Road project in Wuhan was picked up in March 2020.
In June 2020, PCL Construction Services, Inc. and Silicon Ranch Corporation came together to begin the construction on the 20-megawatt (MWAC) Odom Solar Farm, located near the city of Moultrie in Colquitt County, a rural community in Southwest Georgia. Silicon Ranch Corporation, one of the nation�s largest independent solar power producers, selected PCL�s solar division as the Engineer-Procure-Construct (EPC) contractor for the project.
The renovation work of the University of Delaware�s Worrilow Hall academic building carried out by Skanska was also initially impacted by COVID-19. The company authorities had to rethink on their project plans as materials and workers became scarce. In addition, there was a limit on travel, which made some team members unable to visit the job site. Apart from this, the government and CDC orders mandated new requirements for job site cleanliness. The above-mentioned factors were seriously taken into consideration by the company. Skanska has been following city and state guidelines along with university rules and regulations and working closely and collaboratively with its clients and partners. As a result, the renovation activity of the Worrilow Hall continued during the lockdown, and the Hall is set to reopen in the next few months.

Key Questions Addressed By the Report

Which are the major sectors in the construction industry?
Which region is the largest and fastest-growing market for the construction industry?
Which technologies are coming up in the construction industry?
What are the major strategies adopted by leading market players?
How is the construction industry going to recover in 2021?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 13)
    1.1 OBJECTIVES OF THE STUDY
    1.2 COVID-19
    1.3 CONFIRMED CASES AND DEATHS, BY COUNTRY
FIGURE 1 COVID-19 PANDEMIC'S PACE OF GLOBAL PROPAGATION IS UNPRECEDENTED
    1.4 MARKET SCOPE
           1.4.1 MARKET DEFINITION
   FIGURE 2 CONSTRUCTION INDUSTRY SEGMENTATION
   FIGURE 3 YEARS CONSIDERED FOR THE STUDY
    1.5 CURRENCY
    1.6 LIMITATIONS OF THE STUDY

2 RESEARCH METHODOLOGY (Page No. - 17)
    2.1 RESEARCH DATA
FIGURE 4 IMPACT OF COVID-19 ON THE CONSTRUCTION INDUSTRY: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
   FIGURE 5 IMPACT OF COVID-19 ON GLOBAL CONSTRUCTION INDUSTRY: MARKET SIZE ESTIMATION (METHOD 1)
           2.2.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
   FIGURE 6 IMPACT OF COVID-19 ON GLOBAL CONSTRUCTION INDUSTRY: MARKET SIZE ESTIMATION (METHOD 2)
   FIGURE 7 DIFFERENT SCENARIOS FOR CONSTRUCTION INDUSTRY
   FIGURE 8 PESSIMISTIC, REALISTIC, OPTIMISTIC SCENARIOS FOR CONSTRUCTION INDUSTRY (USD BILLION)
    2.3 DATA TRIANGULATION
FIGURE 9 CONSTRUCTION INDUSTRY: DATA TRIANGULATION

3 MACROECONOMIC INDICATORS (Page No. - 25)
FIGURE 10 IMPACT OF COVID-19 IN 2020 (Q1) ON DIFFERENT COUNTRIES
FIGURE 11 THREE SCENARIO-BASED ANALYSIS OF IMPACT OF COVID-19 ON THE OVERALL BUSINESS

4 CUSTOMER ANALYSIS (Page No. - 28)
    4.1 SHIFT IN INSTITUTIONAL/INDUSTRIAL CUSTOMERS
           4.1.1 DISRUPTION IN THE INDUSTRIAL/COMMERCIAL SECTORS
           4.1.2 IMPACT ON CUSTOMERS' OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION
                    4.1.2.1 Impact on the construction of new facilities
                    4.1.2.2 Short-term strategies to manage cost structure and supply chains
           4.1.3 NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES
                    4.1.3.1 Measures taken by the customers
                    4.1.3.2 Customers' perspective on the growth outlook
    4.2 SHIFT IN RESIDENTIAL CUSTOMER SEGMENTS
           4.2.1 DISRUPTION IN THE CONSTRUCTION INDUSTRY
           4.2.2 IMPACT ON CUSTOMER SPENDING PATTERNS
                    4.2.2.1 Changing income levels
                    4.2.2.2 Customers' perspective on the growth outlook/new construction

5 COVID-19 IMPACT: CONSTRUCTION ECOSYSTEM (Page No. - 31)
    5.1 VALUE CHAIN ANALYSIS
FIGURE 12 VALUE CHAIN OF THE CONSTRUCTION INDUSTRY
           5.1.1 RESIDENTIAL BUILDING CONSTRUCTION
           5.1.2 NON-RESIDENTIAL BUILDING CONSTRUCTION
           5.1.3 HEAVY & CIVIL ENGINEERING CONSTRUCTION
    5.2 IMPACT ON VALUE CHAIN & MEASURES TAKEN
           5.2.1 FINANCING
           5.2.2 DESIGN/ARCHITECTS
           5.2.3 CONSTRUCTION MATERIAL SUPPLIERS
           5.2.4 LOGISTICS/EQUIPMENT SUPPLIERS
           5.2.5 CONSTRUCTION CONTRACTORS/CONSULTANTS
           5.2.6 MAINTENANCE/USERS/SERVICE PROVIDERS
   FIGURE 13 IMPACT OF VALUE CHAIN OF THE CONSTRUCTION INDUSTRY
    5.3 MARKET DYNAMICS
FIGURE 14 IMPACT OF COVID-19 ON CONSTRUCTION INDUSTRY: DRIVERS AND RESTRAINTS
           5.3.1 DRIVERS
                    5.3.1.1 Increasing automation in public spaces and rising awareness about antibacterial construction materials
           5.3.2 RESTRAINTS
                    5.3.2.1 Shutdown of manufacturing facilities
                    5.3.2.2 Non-availability of raw materials
                    5.3.2.3 Impact on supply chain and logistics

6 IMPACT OF COVID-19 ON CONSTRUCTION COMPANIES (Page No. - 37)
    6.1 BIGGEST GAINERS, BY TOP SECTORS
           6.1.1 HEAVY & CIVIL ENGINEERING
    6.2 BIGGEST LOSERS, BY TOP SECTORS
           6.2.1 RESIDENTIAL
           6.2.2 NON-RESIDENTIAL
    6.3 BIGGEST GAINERS, BY TOP CONSTRUCTION TECHNOLOGIES
           6.3.1 PREFABRICATED TECHNOLOGY
           6.3.2 AUTOMATED CONSTRUCTION TECHNOLOGY
           6.3.3 COMPUTER INTEGRATED/SMART CONSTRUCTION TECHNIQUES
    6.4 COVID-19 IMPACT ON TOP COMPANIES
           6.4.1 BECHTEL GROUP
           6.4.2 BALFOUR BEATTY
           6.4.3 GRUPO ACS
           6.4.4 CHINA STATE CONSTRUCTION ENGINEERING
           6.4.5 L&T CONSTRUCTION
           6.4.6 PCL CONSTRUCTION ENTERPRISES
           6.4.7 SKANSKA CONSTRUCTION

7 WINNING STRATEGIES OF CONSTRUCTION COMPANIES (Page No. - 44)
    7.1 WINNING STRATEGIES TO GAIN MARKET SHARE
           7.1.1 SHORT-TERM STRATEGIES (TILL DEC 2020)
           7.1.2 MIDTERM STRATEGIES (2021-2022)
           7.1.3 LONG-TERM STRATEGIES (2022 ONWARDS)
    7.2 COVID-19 RELATED DEVELOPMENTS/STRATEGIES OF STAKEHOLDERS IN THE CONSTRUCTION VALUE CHAIN

8 IMPACT OF COVID-19 ON THE CONSTRUCTION INDUSTRY (Page No. - 48)
    8.1 SCENARIO-BASED FORECASTING, BY TYPE
           8.1.1 PESSIMISTIC SCENARIO
           TABLE 1 GLOBAL PESSIMISTIC SCENARIO: COVID-19 IMPACT ON CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
           8.1.2 REALISTIC SCENARIO
   TABLE 2 GLOBAL REALISTIC SCENARIO: COVID-19 IMPACT ON CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
           8.1.3 OPTIMISTIC SCENARIO
   TABLE 3 GLOBAL OPTIMISTIC SCENARIO: COVID-19 IMPACT ON CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
    8.2 BY TYPE, IN REALISTIC SCENARIO
           8.2.1 RESIDENTIAL CONSTRUCTION
   TABLE 4 COVID-19 IMPACT ON RESIDENTIAL CONSTRUCTION MARKET SIZE, BY REGION, 2018-2021 (USD BILLION)
           8.2.2 NON-RESIDENTIAL CONSTRUCTION
   TABLE 5 COVID-19 IMPACT ON NON-RESIDENTIAL CONSTRUCTION MARKET SIZE, BY REGION, 2018-2021 (USD BILLION)
           8.2.3 HEAVY & CIVIL ENGINEERING CONSTRUCTION
   TABLE 6 COVID-19 IMPACT ON HEAVY & CIVIL ENGINEERING CONSTRUCTION MARKET SIZE, BY REGION, 2018-2021 (USD BILLION)
    8.3 BY REGION, IN REALISTIC SCENARIO
TABLE 7 POST-COVID-19: CONSTRUCTION MARKET SIZE, BY REGION, 2018-2021 (USD BILLION)
TABLE 8 POST-COVID-19: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
           8.3.1 APAC
   TABLE 9 POST-COVID-19: APAC: CONSTRUCTION MARKET SIZE, BY COUNTRY, 2018-2021 (USD BILLION)
   TABLE 10 POST-COVID-19: APAC: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.1.1 China
          8.3.1.1.1 Construction industry heavily dependent on rural migrant workers
      TABLE 11 POST-COVID-19: CHINA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.1.2 Japan
          8.3.1.2.1 Economic situation in country under control
      TABLE 12 POST-COVID-19: JAPAN: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.1.3 India
          8.3.1.3.1 Construction industry in the country is growing rapidly
      TABLE 13 POST-COVID-19: INDIA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.1.4 Australia
          8.3.1.4.1 Construction industry to account for a large share of the overall GDP
      TABLE 14 POST-COVID-19: AUSTRALIA: CONSTRUCTION MARKET SIZE, BY TYPE,2018-2021 (USD BILLION)
                    8.3.1.5 Indonesia
          8.3.1.5.1 Construction is one of the prominent industries that support economic growth in the country
      TABLE 15 POST-COVID-19: INDONESIA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.1.6 South Korea
          8.3.1.6.1 Government has a high economic interest in residential, commercial, and infrastructure projects
      TABLE 16 POST-COVID-19: SOUTH KOREA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.1.7 Rest of APAC
       TABLE 17 POST-COVID-19: REST OF APAC: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
           8.3.2 EUROPE
   TABLE 18 POST-COVID-19: EUROPE: CONSTRUCTION MARKET SIZE, BY COUNTRY, 2018-2021 (USD BILLION)
   TABLE 19 POST-COVID-19: EUROPE: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.2.1 UK
          8.3.2.1.1 Lockdown restrictions and other measures to contain the virus likely to have a positive impact on construction industry
      TABLE 20 POST-COVID-19: UK: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.2.2 Germany
          8.3.2.2.1 German construction industry in a relatively good position
      TABLE 21 POST-COVID-19: GERMANY: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.2.3 France
          8.3.2.3.1 Revival of construction market expected by end of 2020
      TABLE 22 POST-COVID-19: FRANCE: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.2.4 Italy
          8.3.2.4.1 Construction market to witness growth in the near future
      TABLE 23 POST-COVID-19: ITALY: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.2.5 Russia
          8.3.2.5.1 Demand for construction material has remained high in the country
      TABLE 24 POST-COVID-19: RUSSIA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.2.6 Spain
          8.3.2.6.1 Country witnesses strong and balanced growth
      TABLE 25 POST-COVID-19: SPAIN: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.2.7 Rest of Europe
       TABLE 26 POST-COVID-19: REST OF EUROPE: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
           8.3.3 NORTH AMERICA
   TABLE 27 POST-COVID-19: NORTH AMERICA: CONSTRUCTION MARKET SIZE, BY COUNTRY, 2018-2021 (USD BILLION)
   TABLE 28 POST-COVID-19: NORTH AMERICA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.3.1 US
          8.3.3.1.1 Contractors facing difficulties with material supply chain
      TABLE 29 POST-COVID-19: US: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.3.2 Canada
          8.3.3.2.1 Construction sector relatively less impacted by COVID-19
      TABLE 30 POST-COVID-19: CANADA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.3.3 Mexico
          8.3.3.3.1 Beginning of recovery amid the resumption of operations
      TABLE 31 POST-COVID-19: MEXICO: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
           8.3.4 MIDDLE EAST & AFRICA
   TABLE 32 POST-COVID-19: MIDDLE EAST & AFRICA: CONSTRUCTION MARKET SIZE, BY COUNTRY, 2018-2021 (USD BILLION)
   TABLE 33 POST-COVID-19: MIDDLE EAST & AFRICA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.4.1 Saudi Arabia
          8.3.4.1.1 Healthcare sector likely to witness an increase in projects
      TABLE 34 POST-COVID-19: SAUDI ARABIA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.4.2 UAE
          8.3.4.2.1 Construction companies are approaching material suppliers in India, Singapore, Thailand, and the US
      TABLE 35 POST-COVID-19: UAE: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.4.3 Nigeria
          8.3.4.3.1 COVID-19 pandemic has greatly impacted theconstruction market
      TABLE 36 POST-COVID-19: NIGERIA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.4.4 Rest of Middle East & Africa
       TABLE 37 POST-COVID-19: REST OF MIDDLE EAST & AFRICA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
           8.3.5 SOUTH AMERICA
   TABLE 38 POST-COVID-19: SOUTH AMERICA: CONSTRUCTION MARKET SIZE, BY COUNTRY, 2018-2021 (USD BILLION)
   TABLE 39 POST-COVID-19: SOUTH AMERICA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.5.1 Brazil
          8.3.5.1.1 Has potential to become an important market for construction
      TABLE 40 POST-COVID-19: BRAZIL: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.5.2 Argentina
          8.3.5.2.1 High government investment for road, housing, and sanitation infrastructure
      TABLE 41 POST-COVID-19: ARGENTINA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)
                    8.3.5.3 Rest of South America
       TABLE 42 POST-COVID-19: REST OF SOUTH AMERICA: CONSTRUCTION MARKET SIZE, BY TYPE, 2018-2021 (USD BILLION)

9 APPENDIX (Page No. - 67)
    9.1 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    9.2 AVAILABLE CUSTOMIZATIONS
    9.3 RELATED REPORTS
    9.4 AUTHOR DETAILS

The study involves two major activities in estimating the current size of the construction industry. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Factiva, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The construction industry comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of mainly the residential, non-residential, and heavy & civil engineering sectors. Advancements in technology in various sectors describe the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Construction Industry Size

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total construction industry. These methods were also used extensively to determine the size of various sub-segments in the industry. The research methodology used to estimate the market size included the following:

The key players in the industry and markets were identified through extensive secondary research.
The industry�s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall construction industry size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the residential, non-residential, and heavy & civil engineering sectors.

Report Objectives

To analyze the impact of the COVID- 19 pandemic on the construction industry, by type and region
To provide detailed information about the key factors influencing the growth of the industry
To analyze vendors in the construction industry with capabilities to address emerging technology or construction material during the global lockdown due to the pandemic
To profile key vendors in each of the key segments of the market and provide insights on their products and service offerings to help organizations during the global lockdown

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company�s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

Further breakdown of the construction industry in Rest of APAC
Further breakdown of the construction industry in the Rest of Europe
Further breakdown of the construction industry in Rest of the Middle East & Africa
Further breakdown of the construction industry in the Rest of South America