Nonresidential Building Construction Market Opportunities And Strategies
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According to The Business Research Company’s nonresidential building construction market report, the global nonresidential building construction market size reached a value of nearly $2,675.5 billion in 2021, having increased at a compound annual growth rate (CAGR) of 4.7% since 2016. The market is expected to grow from $2,675.5 billion in 2021 to $4,111.6 billion in 2026 at a rate of 9.0%. The market is then expected to grow at a CAGR of 7.4% from 2026 and reach $5,881.7 billion in 2031.
A rapidly growing urban population is expected to increase the demand for new residential and commercial buildings during the forecast period. According to the UN World Urbanization Prospects report, globally it is projected that more than two-thirds (66%) of the world’s population will be living in cities by 2050. Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam and the Philippines which are becoming increasingly popular for export-oriented manufacturing.
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The nonresidential building construction market is segmented –
• By Type: Institutional Buildings, Commercial Buildings
• By End-User Sector: Private, Public
• By Building Type: Non-Residential Smart Buildings, Traditional Buildings
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the global nonresidential building construction market.
Major competitors in the nonresidential building construction market include China State Construction Engineering Co., Ltd., Shanghai Construction Group Co., Ltd., Hochtief AG, Vinci S.A., Bouygues SA
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The nonresidential building construction market consists of sales of nonresidential building construction services and related goods by entities (organizations, sole traders and partnerships) that construct non-residential buildings (including new work, additions, alterations, maintenance, and repairs). The establishments in this market include non-residential general contractors, non-residential for-sale builders, non-residential design-build firms, and non-residential project construction management firms.
The Table Of Content For The Nonresidential Building Construction Market Include:
1. Nonresidential Building Construction Market Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction
7. Nonresidential Building Construction Market Characteristics
……
24. Global Nonresidential Building Construction Market Competitive Landscape
25. Key Mergers And Acquisitions In The Nonresidential Building Construction Market
26. Market Background: Buildings Construction Market
27. Nonresidential Building Construction Market Opportunities And Strategies
28. Nonresidential Building Construction Market, Conclusions And Recommendations
29. Appendix
The Business Research Company’s “Global Nonresidential Building Construction Opportunities And Strategies Market Report – Forecast To 2030” is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market’s historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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