Allied Market Research recently published a report, titled, “Europe Construction Products Market by Product Type (Siding, Trim, and Structural Subfloor) and End User (Residential Building and Commercial Building): Opportunity Analysis and Industry Forecast, 2013–2023”. According to the report, the Europe construction products market was pegged at $89.09 billion in 2017 and is projected to reach $124.12 billion by 2023, registering the CAGR of 5.7% during the forecast period of 2018–2023.
Increase in demand for construction in residential and commercial sector owing to migration of population to Europe and rise in need for protection of architecture from changing environment have boosted the demand for Europe construction products market. However, limited availability of skilled workforce, high prices of materials, and high investment in installation hamper the market growth. On the contrary, rapid urbanization and industrialization are expected to create lucrative opportunities for the market players in the near future.
Europe construction products market report splits into product type, end user, and region. On the basis of product type, the report is divided into siding, trim, and structural subfloor. The siding segment is expected to grow at an estimated CAGR of 5.9% during the forecast period. Based on end user, the report is bifurcated into residential building and commercial building. The commercial building segment is projected to manifest the fastest growth during the forecast period. In 2017, Western Europe accounted for the highest revenue and is expected to continue its growth during the forecast period.
Europe construction products market report profiles the major players that are active in the market, including Adobe Systems Incorporated, NIIT Limited, Blackboard, Inc., Saba Software, Inc., Desire2Learn Corporation Ltd., Educomp Solutions Ltd., Smart Technologies, Inc., Ellucian Company L.P., Unit4, and Cisco Systems, Inc.
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