An Outlook on the Construction and Demolition Waste Management Market

Owing to the increasing concentration on waste recycling activities, the construction and demolition waste management market is expected to reach 142.92 billion dollars by 2028.

FREMONT, CA: The global construction and demolition waste management market is predicted to grow at a CAGR of 4.0 percent from 2021 to 2028, reaching 142.92 billion dollars, which was valued at 115.11 billion dollars in 2020. The construction industry has seen a huge increase in demand for integrated technology and IoT-based devices. Artificial intelligence (AI) aids the construction industry by assisting with scheduling and risk mitigation, such as worker injury prevention and equipment maintenance forecasting. It also aids in the reduction of waste and offers high-value materials. For example, the Eberhard Group, based in Switzerland, has decided to invest in AI-based intelligent robots that will assist in the recovery of mixed construction waste at a rate of 200 tonnes per hour. As a result, these technological improvements are projected to drive the market forward.