Construction Intelligence Report

  Equipment As A Service Industry Overview The global equipment as a service was valued at USD 1,091.2 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 49.9% from 2023 to 2030. The relatively new concept of "Equipment as a Service" is comparable to the already well-known "Software as a Service" or “Machine as a Service” business model. In this strategy, the vendor rents out equipment while also monitoring, maintaining, or repairing it as needed to keep it in better operating order and increase client uptime. During the projection period, it is predicted that increasing consumer adoption of cutting-edge technologies, together with increased equipment uptime and efficiency provided by equipment as a service (EaaS), will fuel the market expansion. The main objective of Industry 4.0 is to maximize machine uptime, which is done by adopting EaaS models. EaaS increases equipment uptime and efficiency, lowering costs and labor for plann...

  U.S. Hotels, Resorts and Cruise Lines Industry Overview The U.S. hotels, resorts, and cruise lines market size was valued at USD 218.50 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.3% from 2022 to 2030. The growth in the tourism and travel business in the U.S. is driving the demand. In 2020, the hotel sector had its worst year on record, with historically low occupancy, enormous job losses, and hotel closures across the country. According to the American Hotel and Lodging Association, with travel demand remaining below normal, national and state predictions for 2022 show a slow return for the industry in terms of hotel occupancy in the U.S. According to the Hotel Data Conference Global Edition 2021, hotel occupancy in Florida was among the highest in the country in 2021, exceeding the national average of 48.1%. As a result, hotel occupancy in the U.S. has been steadily increasing since late January 2021, when it reached a new epide...

  Real Estate Industry Overview The global real estate market size was valued at USD 3.69 trillion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. The market is expected to grow at a healthy pace during the forecast period, owing to the rising population and a desire for personal household space. As of 2021, the commercial real estate space was estimated to be the most important element driving industry expansion. The COVID-19 pandemic has negatively impacted the growth of the market. The impact of the pandemic was visible in the first few months of the crisis, especially from a retail standpoint, owing to strict lockdown measures and movement restrictions. The lockdowns imposed across various regions resulted in a delay in new construction projects and led to sluggish industry growth. Despite the pandemic's huge reduction in home sales, real estate activity began to rebound, returning to pre-pandemic levels. Potential buyers ...

  Personal Protective Equipment (PPE) Industry Overview The global personal protective equipment (PPE) market size was estimated at USD 78.30 billion in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 6.7% from 2023 to 2030. Increasing awareness regarding worker safety on the workshop floor is expected to increase the demand for personal protective equipment over the forecast period. Various industries in the Asia Pacific countries such as construction, food manufacturing, chemicals, and pharmaceuticals have been enjoying significant growth through rising investments from public and private entities. The growing awareness about personal protective equipment and the rising industrial sector are expected to fuel the growth of the PPE market over the forecast period. Additionally, the growth in the defense budget across regions and the rise in concern related to military personnel safety are expected to aid the growth of the military person...

Railroads Industry Overview The global railroads market size was valued at USD 295.80 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2022 to 2030. The market is likely to be driven by continued investments in railway line projects and the expansion of railroad networks around the world. Several national and international railway projects, particularly in the Asia Pacific, are currently in the planning, development, or building stages, which bodes well for future market growth. Railcar leasing has become a major trend around the world and this is predicted to have a favorable impact on railroad transportation. Depending on the nature of the cargo and the use of current technologies in railroad transportation, this mode of transporting goods is not only safer but also more cost-effective. Moreover, advancements in storage facilities and power sources, as well as improvements in transportation timings are likely to create new growth prospect...