Global Construction Materials Market 2017-2021: Driven by the Increase in Number of Smart Cities - Research and Markets

The "Global Construction Materials Market 2017-2021" report has been added to Research and Markets' offering.

The global construction materials market is expected to grow at a CAGR of 6.76% during the period 2017-2021.

The report, Global Construction Materials Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the efficiency improvement. Poor productivity hinders the global economy. The complexities of the construction market such as its highly cyclical nature and relatively low margins affect the productivity of the industry. The lack of skills in many markets and increased price inflation compel the industry to focus on the fundamental issues that have existed for decades.

One of the major drivers for this market is the increase in number of smart cities. With growing urban population across the globe, the number of smart cities is expected to rise significantly during the forecast period due to increasing congestion of urban areas and major metropolitan cities. As of 2015, according to World Bank, total world urban population stood at 53.85% of the total world population. This increasing urban population has put a strain on the existing urban services such as public transport and road networks. This has led to the development of new cities, and more countries are focusing on creating new smart cities to accommodate increasing urban population. Smart cities will provide smarter solutions that can be deployed to reduce the straining effects of increasing urban population and introduce energy-efficient road networks, which will result in efficient public transport system.

Key vendors