Construction & Infrastructure
Construction & Infrastructure
The global construction and infrastructure industry is estimated at around USD 8 trillion in 2015 and is expected to reach USD 15 trillion by 2025 and USD 15.5 trillion y 2030. India alone need USD 454 billion to be spent on infrastructure development over the next five years, with 70% of funds needed for power, roads and urban infrastructure segments.
The construction equipment industry’s revenues are estimated to reach USD22.7 billion by 2020 from USD6.5 billion in FY14. The real estate market is estimated to grow to USD 180 billion by 2020 from USD 93.8 billion in 2014, driven by demand mainly from residential sector.
Indian port sector is expected to make great progress in the years to come. It is forecasted that by the end of 2017 port traffic will amount to 943.06 MT for India’s major ports and 815.20 MT for its minor ports. Moreover Indian aviation sector is expected to become the third largest across the globe by 2020, according to industry estimates.
Construction & Infrastructure
The global construction and infrastructure industry is estimated at around USD 8 trillion in 2015 and is expected to reach USD 15 trillion by 2025 and USD 15.5 trillion y 2030. India alone need USD 454 billion to be spent on infrastructure development over the next five years, with 70% of funds needed for power, roads and urban infrastructure segments.
The construction equipment industry’s revenues are estimated to reach USD22.7 billion by 2020 from USD6.5 billion in FY14. The real estate market is estimated to grow to USD 180 billion by 2020 from USD 93.8 billion in 2014, driven by demand mainly from residential sector.
Indian port sector is expected to make great progress in the years to come. It is forecasted that by the end of 2017 port traffic will amount to 943.06 MT for India’s major ports and 815.20 MT for its minor ports. Moreover Indian aviation sector is expected to become the third largest across the globe by 2020, according to industry estimates.
