Global Repair Construction Market 2017-2021

Overview of the global repair construction market

Research analysis on the global repair construction market identifies that the benefits of repair construction over reconstruction will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 8% by 2021. There is a constant need to repair a building at specific time periods to retain the aesthetic and constructional value of the property. Repair construction needs lesser time, labor, and costs compared to reconstruction since repair works are done mostly on a smaller scale and involve lesser technicalities. The high demolishing costs and recreating expenses make reconstruction quite expensive. This will drive the need for repair construction, fueling market growth.  

The coming years will witness increased competition from the APAC-based repair construction companies. Regional companies in the rapidly growing economies are increasingly focusing on their home markets and are gradually strengthening their market positions and gaining expertise. The growth in their home markets will induce them to enhance their operation across other regions across the globe and will focus on competing against the well-established global players.

Competitive landscape and key vendors  

Players in the repair construction market compete based on technological development, product differentiation, cost-effectiveness, and reduction in carbon footprint. The market has the presence of many global and regional players. These players have a wide geographical presence and have several production facilities across the globe and are looking at achieving economies of scale in the global construction market.

The leading vendors in the market are ?

• 3M
• BASF
• The Dow Chemical Company
• Sika
• W.R. Grace 

The other prominent vendors in the market are AkzoNobel, Bechtel, Bostik, CHRYSO, CICO Group, CONMIX, DuPont, MuHu, Pidilite, RPM International, Selena, and Terraco.

Segmentation by application and analysis of the repair construction market

• Commercial
• Residential
• Infrastructure
• Industrial

During 2016, the commercial application segment accounted for the major shares of the repair construction market. Factors such as the increasing construction activities for commercial facilities such as office buildings, hospitals, medical offices, and corporate owned structures will be a major factor contributing to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the repair construction market

• APAC
• Europe
• North America
• South America
• MEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the repair construction market throughout the forecast period. The rising support from the governments in this region to cater to the housing requirements for the low-income population and constant developments to restore and improve the existing infrastructure will drive the growth of the market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global repair construction market?
• What are the key market trends impacting the growth of the global repair construction market?
• What are the challenges to market growth?
• Who are the key vendors in the global repair construction market?
• What are the market opportunities and threats faced by the vendors in the global repair construction market?
• Trending factors influencing the market shares of the APAC, Europe, North America, South America, and MEA.
• What are the key outcomes of the five forces analysis of the global repair construction market?

Technavio also offers customization on reports based on specific client requirement.