Mining and Construction
Due to government spending, focus on renewables and technological advancements mining and construction industry promises a bright future ahead.
The future of mining is predicted to soften much due to the reason of advent of renewables in the sector while the construction industry has got a bright future.
Overview
- Market size:
- The global construction industry is a heavyweight, reaching a value of approximately USD 13.57 trillion in 2023.
- Predicted CAGR is 7.3% for construction for period of 2023-2030.
- The mining industry is expected to grow at a CAGR of 3.8% from 2023-2030 and is valued at USD 551.03bn.
- Challenges;
- Increased cost and inflation.
- Financing challenges
- Geopolitical uncertainty
- Environmental and green energy challenges