The Construction Demolition Market is being driven by Rapid urbanization and population growth
The Construction Demolition Market is expected to grow at a CAGR of 5.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 14.50 billion. The global construction demolition market is experiencing a noteworthy trend towards the expansion of waste recycling, underpinned by technological advancements and a heightened focus on sustainability. This trend is exemplified by recent business developments, including the completion of Kiverco's second recycling facility for Britaniacrest in the UK, marking 16 years of collaboration between the two companies. Similarly, Renewi, a prominent European waste management organization, has recently inaugurated a hard plastics sorting facility in the Netherlands. These initiatives underscore the industry's commitment to minimizing waste and maximizing resource efficiency.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
242 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.4% |
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Market growth 2025-2029 |
USD 14.50 billion |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
5.2 |
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Key countries |
US, China, India, Canada, Japan, South Korea, Germany, UK, Poland, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Construction Demolition Market encompasses the dismantling of demolished buildings and the implementation of eco-friendly solutions like recycling and reusing services. Drones, green building practices, and renovation services are integral parts of this market. Green materials, energy-efficient design, and critical systems are key components of green buildings. AI robots, safety tunnels, and building information modeling are advanced construction technologies adopted in this industry. Urban areas face infrastructure needs and economic downturns, necessitating industrial adoption of ecologically friendly process innovations, such as recycling reuse, waste sorting, and waste-to-energy conversion. Environmental regulations and property development require the use of eco-friendly construction materials, commercial projects, and affordable housing. Supply chain issues, slow acceptance, and building rules are challenges faced in this market. Glass construction activities contribute to recycling rates, and material recovery facilities play a crucial role in minimizing landfill use.
The global construction and engineering market encompasses businesses specializing in non-residential construction, including engineering service providers and Engineering, Procurement, and Construction (EPC) contractors. This market excludes entities involved in residential construction. According to Technavio, the market's size is determined by the consolidated revenue generated by engineering firms and EPC contractors within the non-residential sector. Key growth drivers for the construction and engineering market include: 1. Urban infrastructure investment: With increasing urban populations and escalating demands for transportation, communication services, and essential utilities like water and electricity, significant investments in urban infrastructure are necessary. 2. Construction technology adoption: The adoption of advanced construction technologies, such as building automation and offsite construction, is expected to streamline processes, reduce costs, and improve efficiency. 3. Construction waste management: Stringent regulations on construction waste management and the growing emphasis on sustainability will create opportunities for innovative waste management solutions and recycling technologies. 4. Urban renewal: The revitalization of older urban areas through demolition and redevelopment projects will contribute to the growth of the construction and engineering market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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