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Showing posts from July, 2020

Increasing demand for green buildings drives the growth of the pre-engineered buildings market

The  pre-engineered buildings market  is projected to reach USD 25.0 billion by 2024, at a CAGR of 11.5% from 2019. Factors such as rapid industrialization, growth in the infrastructural investments, an increase in the use of steel in building & construction, and rising demand for sustainable buildings drive the pre-engineered buildings market. Pre-engineered buildings are steel buildings or structures fabricated away from the construction site, based on customer requirements. These buildings are first designed using specific software tools, and then individual elements are manufactured at the factory, which is further transported, assembled, and erected at the construction site, with bolted connections. Download the PDF Brochure for more insight @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128289566 The warehouses & industrial segment is projected to grow at the highest CAGR during the forecast period. This is attributed to the growth in the manufactu

Asia Pacific is expected to witness the highest growth in Construction Equipment Rental Market

The construction equipment rental market reached a record revenue of USD 93 billion in 2018 and is projected to reach USD 122 billion by 2024, at a CAGR of 4.3%, in terms of value, between 2019 and 2024. This is attributed mainly to the increasing revenue of construction equipment rental providers driven by major infrastructure projects in emerging markets and boom in residential construction in the US and Europe. Sales of construction equipment witnessed substantial growth in 2018, reaching 1.13 million units. This growth is attributed to the increasing building & construction activities, especially in China, Japan, and India, coupled with increasing investments from domestic & foreign investors in public & private sectors, which is expected to drive the Asia Pacific market during the forecast period. Browse 54 market data Tables and 49 Figures spread through 152 Pages and in-depth TOC on “Construction Equipment Rental Market by Equipment (Earthmoving, Materia