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(MoneyNewsWire.Net, August 28, 2018 ) The specialty construction contractor industry includes establishments involved in performing specific activities such as pouring concrete, site preparation, plumbing, painting and electrical work related to construction of buildings. These establishments are not responsible for an entire construction project but perform activities such as new work, additions, alterations, maintenance and repairs on a contractual basis for the main builder or owner.
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The global specialty construction contractor market has shown modest growth in the past years with a CAGR of just over 6%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse
consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the specialty trade contractors market to grow rapidly at a much higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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This high forecast growth can be attributed to the expected increase in demand for specialty construction contractor services, due to growing demand for infrastructure and housing, strong economic growth in developing countries, rapid urbanization, rising disposable income, development of new cities in emerging countries, and increasing government spending on infrastructure globally.
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TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are Vinci SA, Acs, Actividades De, Construcción Y Servicios, Quanta Services Inc., Kier Group, and Comfort Systems USA, Inc.
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