South-east Asia Infrastructure Construction Market Size, Trends And Analysis By Key Countries
March 23, 2023 ⚊ 1 Min read ⚊ Views 64 ⚊ BUSINESS
The South-East Asia infrastructure construction market size was estimated at $200.2 billion in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 6.1% during 2022-2026. The rising need to provide an efficient infrastructure to the growing population of the region is expected to drive the market growth over the forecast period.
The significant volume of metro, tube and light rail developments in the region is unsurprising given South-East Asia’s rapid urbanization and robust population growth. Insufficient urban rail transit coverage has exacerbated traffic congestion in the region, generating significant economic costs for many South-East Asian economies.
Tags: South-East Asia Infrastructure
