Building Construction Market Overview 2024-2033: Market Size To Reach $9,180 Billion By 2028 – World News Report – Medical Marijuana Program Connection

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The buildings construction market has demonstrated steady growth, escalating from $7,265.96 billion in 2023 to an estimated $7,592.74 billion in 2024, exhibiting a notable compound annual growth rate (CAGR) of 4.5%. The buildings construction market is poised for sustained growth, reaching $9,180.1 billion by 2028, with a projected CAGR of 4.9%.

Driving Forces: Catering to Aging Populations and Residential Demand

• Elderly-Friendly Infrastructure: The global shift towards an aging population is generating increased demand for elderly-friendly infrastructure. Anticipated to triple between 2020 and 2050, the population aged 80 or older, along with a doubling of those aged 60 and over by 2050, necessitates infrastructural improvements. Adaptations to…