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Research Report With COVID-19 Forecasts-Global Dry Construction Market 2020-2024 | Rise in Construction Activities to Boost Market Growth | Technavio - Odessa American: Business

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Research Report With COVID-19 Forecasts-Global Dry Construction Market 2020-2024 | Rise in Construction Activities to Boost Market Growth | Technavio

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Posted: Thursday, May 21, 2020 3:31 am

LONDON--(BUSINESS WIRE)--May 21, 2020--

The global dry construction market size is expected to grow by USD 22.73 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth, according to the latest market research report by Technavio. Request a free sample report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200521005274/en/

Technavio has announced the latest market research report titled Global Dry Construction Market 2020-2024 (Graphic: Business Wire)

The rise in global building construction and infrastructure activities is the most significant factor that will drive the growth of the global dry construction market. The number of new constructions in several developed and emerging countries are on the rise after the prolonged depression in the construction market. The recovery in the US economy has created optimism among home buyers, leading to increased demand for new single and multi-family homes. Moreover, several countries are also investing in infrastructure development. For instance, in March 2017, the US government planned to invest USD 1 trillion in various infrastructure development plans, including the construction of airports, hospitals, and schools. Several private players in the construction industry are also undertaking new commercial mega-projects, of which many are already in the construction phase. Such increase in construction activities is expected to drive the growth of the market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43471

As per Technavio, the growth in modular and panelized constructions will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Dry Construction Market: Growth in Modular and Panelized Constructions

The growth in modular and panelized construction is one of the key trends that will drive the growth of the market. Modular construction and panelized construction is centralized in a factory where the modules or panels are manufactured. Modular construction assembles modules to create a whole housing or building unit, whereas, panelized construction assembles pre-fabricated individual roof, floor, and wall panels together for setting up a building. They offer several advantages in on-site construction such as shorter construction duration and reduced labor, which are further driving the adoption of these techniques.

“Factors such as the increasing adoption of energy and resource-efficient construction methods, and the improving quality and energy efficiency of dry construction will have a significant impact on the growth of the dry construction market value during the forecast period,” says a senior analyst at Technavio.

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Dry Construction Market: Segmentation Analysis

This market research report segments the dry construction market by end-user (residential buildings and commercial buildings) and geography (North America, Europe, APAC, MEA, and South America).

The North American region led the dry construction market in 2019, followed by Europe, APAC, MEA, and South America respectively. During the forecast period, the North American region is expected to register the highest incremental growth due to factors such as an increase in private and public housing in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200521005274/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY BUILDING SYSTEMS

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 05/21/2020 04:30 AM/DISC: 05/21/2020 04:30 AM

http://www.businesswire.com/news/home/20200521005274/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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