Englau Group has developed extensive expertise in the abrasives industry, manufacturing and exporting a comprehensive range of high-performance products — including cutting discs, flap discs, and a variety of professional-grade tools. Driven by customer demand for superior surface finishes, we delved into the world of abrasives, building on our long-standing reputation for quality and value.

Mr. Eric Lau
President, Englau Group Co., Limited

Englau Group has developed extensive expertise in the abrasives industry, manufacturing and exporting a comprehensive range of high-performance products — including cutting discs, flap discs, and a variety of professional-grade tools. Driven by customer demand for superior surface finishes, we delved into the world of abrasives, building on our long-standing reputation for quality and value.

The global construction industry was estimated at $10.8 trillion in 2017, forecast to reach about $14.8 trillion by 2030. Construction accounts for over 10% of global GDP and employs 7% of the world’s workforce (over 273 million jobs in 2014). China is the largest construction market, followed by the United States, with $1.58 trillion output in 2018.

In February 2020, the US construction industry had $1.4 trillion underway, with over $1 trillion in the private sector (55% residential, 45% nonresidential) and the rest in public-sector projects.

In Armenia, construction accounted for 20% of GDP in early 2007 and reached nearly 30% of the economy in 2009.

Vietnam’s construction industry has grown rapidly, valued at nearly $60 billion in 2021. In early 2022, growth was 5.59%, with the industry accounting for over 6% of GDP and attracting strong foreign direct investment.

Construction is a major source of employment in most countries; high reliance on small businesses and under-representation of women are common traits. For example:

In 2020, US construction employed about 11.4 million people (over 8% of the US workforce), mostly in small private firms; women made up 10.3% of the workforce. The UK sector contributed £117 billion (6% of GDP) in 2018 and employed 2.4 million (6.6% of jobs), with women comprising 12.5% of the workforce.

According to McKinsey research, productivity growth per worker in construction has lagged that of many other industries across countries, including the United States and Europe. In the United States, construction productivity per worker has declined by half since the 1960s.