Global $6.45 Trillion Buildings Construction Industry Assessment 2021-2030 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Buildings Construction Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering. The global buildings construction market is expected to grow from $5,878.86 billion in 2020 to $6,454.05 billion in 2021 at a compound annual growth rate (CAGR) of 9.8{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34}. This […]

DUBLIN–(BUSINESS WIRE)–The “Buildings Construction Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.

The global buildings construction market is expected to grow from $5,878.86 billion in 2020 to $6,454.05 billion in 2021 at a compound annual growth rate (CAGR) of 9.8{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34}.

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider buildings construction market, and compares it with other markets.

Report Scope

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The buildings construction market section of the report gives context. It compares the buildings construction market with other segments of the construction market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, buildings construction indicators comparison.

The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8,751.56 billion in 2025 at a CAGR of 8{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34}.

Asia Pacific was the largest region in the global buildings construction market, accounting for 44{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} of the market in 2020. North America was the second largest region accounting for 27{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} of the global buildings construction market. Africa was the smallest region in the global buildings construction market.

Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey 2015, about 51{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} of construction firms in the UK were involved in green construction projects. Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities.

Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK. Other green construction techniques such as cross-ventilation for more natural environment, green construction software such as Construction Suite to ensure green compliance, and Green Globes management tool are also being used in the construction industry. For instance, some, Major companies using green construction techniques include Turner Construction Co, Clark Group, AECOM, Hensel Phelps and Holder Construction.

Buildings construction costs have increased steadily due to rising material costs in the historic period. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil, a key component of asphalt increased by 49{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34}, softwood lumber, a major component used for buildings construction, which rose by 23{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} during historic period. In 2018, cement prices rose 2.5{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} and plumbing and fixtures increased by 3{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} in the US. High material prices adversely affected the buildings construction market during historic period.

The population profile of most countries is becoming older, increasing the demand for elderly friendly infrastructure. According to estimates based on the US Population Reference Bureau data, global population over the age of 65 increased by around 33{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} between 2013-2017, from 450 million to 601 million. So, the demand for infrastructural improvements which is ‘elderly’ friendly increased during the historic period. Houses and the wider surroundings had to be adapted to be made safer and more inclusive. Better residential as well nonresidential buildings had to be made more accessible to the elderly. This resulted in increased buildings construction activity.

Major companies in the building construction market include China State Construction Engineering Co Ltd; D.R. Horton Inc; China Railway Construction Corporation Limited; Lennar Corporation and Kiewit Building Group.

Key Topics Covered

1. Executive Summary

2. Report Structure

3. Buildings Construction Market Characteristics

3.1. Market Definition

3.2. Key Segmentation

4. Buildings Construction Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Buildings Construction Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Buildings Construction Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Buildings Construction Market Trends And Strategies

8. Impact of COVID-19 on Buildings Construction

9. Buildings Construction Market Size and Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.2.1. Drivers of the Market

9.2.2. Restraints on the Market

9.3. Forecast Market Growth, Value ($ Billion)

9.3.1. Drivers of the Market

9.3.2. Restraints on the Market

10. Buildings Construction Market Regional Analysis

10.1. Global Buildings Construction Market, 2020, By Region, Value ($ Billion)

10.2. Global Buildings Construction Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region

10.3. Global Buildings Construction Market, Growth And Market Share Comparison, By Region

11. Buildings Construction Market Segmentation

11.1. Global Buildings Construction Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Residential Building Construction
  • Nonresidential Building Construction

11.2. Global Buildings Construction Market, Segmentation By End User Sector, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11.3. Global Buildings Construction Market, Segmentation By Building Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Smart Buildings
  • Traditional Buildings

12. Buildings Construction Market Segments

12.1. Global Residential Building Construction Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) – Single-Family Housing Construction (Individual Houses); Multifamily Housing Construction (Apartments); New Housing For-Sale Builders; Residential Remodelers

12.2. Global Nonresidential Building Construction Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) – Institutional Buildings; Commercial Buildings

13. Buildings Construction Market Metrics

13.1. Buildings Construction Market Size, Percentage Of GDP, 2015-2025, Global

13.2. Per Capita Average Buildings Construction Market Expenditure, 2015-2025, Global

Companies Mentioned

  • China State Construction Engineering Co. Ltd.
  • D.R. Horton Inc.
  • China Railway Construction Corporation Limited
  • Lennar Corporation
  • Kiewit Building Group

For more information about this report visit https://www.researchandmarkets.com/r/lfkzyx

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