Are you familiar with the biggest key players in the World of Construction? are you familiar with the Construction Market Report and the market of it?
Which Countries are standing at the Top?
What factors have developed such an excessive need to grow construction?
In this Article of SamenFerforge, we are going to go through all these questions.
Stay with us.
Construction would forever be one of the industries which never seeks to end.
many are trying to make predictions on Construction and so gain a better concept of the Whole Situation in the Future.
Especially now with the 7 billion worth of population on Earth Construction sits as one of the most demanded fields in the World!
The number of populations has raised from 1 billion to 7 billion which has made an urgent need for construction to create efficient places to fit everyone in!
So many countries, especially the most crowded ones are now among the top builders in the World.
Growth of Construction
There are many other reasons which are supposed to be taken into consideration. Construction is Growing rapidly due to some very important reasons.
As we covered, Population is one key factor. But there are other reasons as well.
1. Modern City, Modern structures
The one important feature of a modern world is the shape and features of the building in the area.
As a city or a Country decides to become modern, the buildings and rails and ways are always changed and are made more efficient.
After all first changes come from the outside.
Take Dubai as an example. Bet you won’t realize the deserted lands of this City from the Modern dreamy structures which attract millions of people to it every year!
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Some buildings need to be repaired or rebuilt so they can be supplied with new water, electricity and gas systems.
» Many buildings are made green and are famous as the green Buildings.
Sometimes old houses are replaced by the Green Ones to improve the state of the environment.
Many populated areas are always in danger of natural phenomena and so they should either leave the place or become adjusted.
Construction has made living possible in any kind of environment with every situation.
Flood defense or buildings which are resistant toward earthquakes are of such examples.
Growth in Construction also means more job opportunities for individuals and related industries.
This way, money flowed to the Community through a local Business.
The value of residential sites will develop and the number of migrants will eventually rise.
Buildings are built better and more efficient thus a safe environment is going to be structured for the Community.
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Can you guess the top Country in this Field?
My first guesses were China and India since they have the most populated countries in the World.
Lest get into it and see if I was right.
Yes, China has managed to strike as the number one country in the list with the most growth in the Construction.
China now owns a sweet 15% of the Construction Market Report.
Even though China has been doing a great job at being the 1st, the US is working its way up.
Still, China has plans such as “One Belt One Road” which alone can Bring the World into Full astonishment due to its game-changing effect on the world.
The US comes at the 2nd on this List while it has always been the number one.
It’s been only a little while since China impressed everyone by such an improvement.
But the World of West has other Plans.
The US has started many new projects which for a very long time can establish this Country at the 1st place.
Right now, 14% of the Worlds Construction Market is dominated by the US.
The Second Most populated Country in the World is now the number 3 on our list.
Despite the fact the 7% of the Construction Market Report belongs to India, this number is increasing. India is now a major component of China and America. And to think of it makes sense,
India should build 31.000 houses every day for 14 years to provide shelter for everyone in India.
It is predicted that by 2030, almost 15% of the Global Economy will be from Construction and the UK is expected to play a huge role in all this.
The area of massive construction is to be Growing nonstop, that’s for sure. even countries such as Indonesia are sticking hard to keep up with old regions with a good reputation.
All left to consider is for us to wait and get astonished by future battles of Countries over construction.
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