ID: MRFR/CO/6990-HCR | February 2021 | Region: Global | 107 pages
The global construction waste management market is expected to witness a 8% CAGR during the forecast period. The global construction waste management market size is expected to be valued at USD 32.0 billion by the end of the forecast period.
The Global Market for Construction Waste Management has been witnessing substantial growth in the past couple of years. The demand for construction waste management is expected to be driven by the growing construction industry, rise in renovation and remodeling, and the rising popularity of construction waste management techniques. Activities such as construction, restoration, demolition, and remodeling projects are responsible for the large-scale construction waste collected every year. Increasing demolition and renovation activities leave construction waste in the form of nails, insulation, rebar, electrical wiring, plaster, scrap metal, wood, cement, and bricks.
Globally, an increase in real estate investments has led to the growth of the construction industry. The factors such as a rise in the construction of commercial buildings, such as commercial complexes, educational institutes, and offices raise the demand for construction waste management in the global market. The growth in the number of housing projects across the globe is expected to increase the demand for construction waste management, globally. Factors such as increased expenditure on the remodeling and demolition are expected to drive the market growth. Moreover, reforms and regulations introduced by governments in several countries for strengthening the growth of their construction and real-estate industries lead to an increase in the demand for construction waste management.
However, the rise in environmental concerns and the fluctuating raw materials prices might hamper market growth. Rising consumer demand for construction waste management from emerging economies is an opportunity for the market players.
Based on the region, the global construction waste management market has been segmented as Europe, North America, Asia-Pacific, and the rest of the world. Asia-Pacific dominated the construction waste management market, followed by North America. China, India, and other emerging countries have witnessed significant growth in the construction waste management market, due to the rising economy and rapid growth in industrialization.
The key players operating in the global construction waste management market are WM Intellectual Property Holdings, L.L.C., Inc., Republic Services, IEISL, Krause Manufacturing Inc., and Kajima Corporation.
The global construction waste management market is competitive, with a moderate number of players across the globe. The players are expected to adopt various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include focus on high-quality products, cost-effectiveness, expansions, strategic partnerships, and collaborations with manufacturing companies.
The Global Construction Waste Management Market has been segmented based on waste type, application, and waste management process. Based on waste type, the global market is segmented by hazardous waste and non-hazardous waste. The non-hazardous waste segment is further segmented into building material wastes and dredging material wastes. The segment is expected to hold a larger market share in the global construction waste management market and is expected to witness the highest CAGR during the forecast period.
Based on the application, the global market has been divided into residential and non-residential. The non-residential segment held the largest market share of the global construction waste management market in 2018 and is expected to witness the highest CAGR during the forecast period.
Based on the waste management process, the global market has been segmented as job site sorting, collection & hauling, tipping, sorting, containerization, transport & disposal, and others. The collection & hauling segment is expected to hold a larger share of the construction waste management market owing to the increasing investment for the adoption of high-tech machines aiding waste management.
|Market Size||2027: USD 32.0 billion|
|CAGR||8% CAGR (2020-2027)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Waste Type, Application, Waste Management Process,|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||WM Intellectual Property Holdings, L.L.C., Inc., Republic Services, IEISL, Krause Manufacturing Inc., and Kajima Corporation.|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The global construction management market is estimated to hold a value of USD 32.0 billion by the end of the review period.
The global construction management market is estimated to thrive at a CAGR of 8% during the forecast period.
The unstable prices of the raw material and the growing concern towards the environment is estimated to impede the global construction management market.
The key players of the global construction management market are L.L.C., Inc., Manufacturing Inc., Republic Services, WM Intellectual Property Holdings, IEISL, Krause and Kajima Corporation.