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.
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.
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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.
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.
- Kajima Corporation.
Segmentation: Global Construction Waste Management Market
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.
Regional Analysis
Based on the region, the construction waste management market is segmented into North America, Asia-Pacific, Europe, and the rest of the world. Asia-Pacific dominated the global market, followed by North America, primarily due to the growth in the construction industry in China and India. Moreover, the increasing FDI inflow into the construction industry leading to the growth of the construction industry in Asia-Pacific is expected to drive the growth of the Asia-Pacific market. The rising real estate investments and a growing number of Special Economic Zones (SEZs) in developing countries, mainly in India, are the other significant factors driving the market growth in Asia-Pacific.
North America has witnessed significant growth in the construction industry, owing to the increased home improvement and renovation projects in the region. As per the US Census Bureau data, the total annual value of private construction in the US is USD 992,528 million in 2018, USD 539,800 million of which is for residential construction. The high growth in the construction industry in North America is expected to drive the construction waste management market in the region during the forecast period.
Scope of the Report
This study provides an overview of the global construction waste management market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global construction waste management market by type, application, and region.
By Waste Type
- Hazardous Waste
- Non-Hazardous Waste
- Building Material Wastes
- Dredging Material Wastes
By Application
- Residential
- Non-Residential
By Waste Management Process
- Job site sorting
- Collection & Hauling
- Tipping
- Sorting
- Containerization
- Transport & Disposal
- Others
By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
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List of Tables:
Table 1 Global Construction Waste Management Market, by Region, 2019–2025
Table 2 North America: Global Construction Waste Management Market, by Country, 2019–2025
Table 3 Europe: Global Construction Waste Management Market, by Country, 2019–2025
Table 4 Asia-Pacific: Global Construction Waste Management Market, by Country, 2019–2025
Table 5 Rest of the World: Global Construction Waste Management Market, by Country, 2019–2025
Table 6 Global Construction Waste Management Market, by Waste Type, by Region, 2019–2025
Table 7 North America: Global Construction Waste Management Market, by Waste Type, by Country, 2019–2025
Table 8 Europe: Global Construction Waste Management Market, by Waste Type, by Country, 2019–2025
Table 9 Asia-Pacific: Global Construction Waste Management Market by Waste Type, by Country, 2019–2025
Table 10 Rest of the World: Global Construction Waste Management Market by Waste Type, by Country, 2019–2025
Continued……
List of Figures:
FIGURE 1 Research Process of MRFR
FIGURE 2 Top-Down and Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Construction Waste Management Market Share, by Waste Type, 2018 (%)
FIGURE 9 Global Construction Waste Management Market, by Waste Type, 2019–2025 (USD Million)
FIGURE 10 Global Construction Waste Management Market Share, by Application, 2018 (%)
Continued…….
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