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Construction 4.0 Market Trends

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Report ID: 3353
Published Date: Aug 29, 2024
Report Format: PDF, PPT

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Construction 4.0 Market Trends

Growth Drivers

Growing Urban Population Worldwide
Increasing Number of Construction and Residential Activities

Challenges

Requirement of High Capital Investment
Lack of Skilled Labor

Construction 4.0 Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	17.7%
Base Year Market Size (2023)	USD 14.61 billion
Forecast Year Market Size (2036)	USD 121.55 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Construction 4.0 Market Size & Share, Growth Analysis 2036

Author Credits: Shweta Patidar

Report ID: 3353
Published Date: Aug 29, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of construction 4.0 is evaluated at USD 16.68 billion.

Construction 4.0 Market size was valued at USD 14.61 billion in 2023 and is expected to exceed USD 121.55 billion by 2036, expanding at over 17.7% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by growing urban population worldwide and increasing number of construction and residential activities.

Asia Pacific is expected to dominate majority revenue share by 2036, on the back of increasing demand for construction 4.0 in emerging economies such as India, Vietnam and Indonesia, and rising government expenditure on infrastructural activities.

The major players in the market are ABB Ltd., Advanced Opto-Mechanical Systems and Technologies Inc., Hexagon AB, Autodesk Inc., and others.

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