The Buildings Construction Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Buildings Construction Global Market Report 2024, The buildings construction market size has grown steadily in recent years. It will grow from $7265.96 billion in 2023 to $7592.74 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to population growth, economic conditions, urbanization, government infrastructure investment, advancements in construction technology, materials, and methods.
The buildings construction market size is expected to see steady growth in the next few years. It will grow to $9180.1 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to sustainability and environmental regulations, digitalization and building information modeling (bim), resilience and disaster mitigation, housing affordability, remote work and office space adaptation. Major trends in the forecast period include prefab and modular construction, wellness-centric buildings, smart buildings, adaptive reuse, circular construction and recycling.
The population profile of most countries is becoming older, which is increasing the demand for elderly-friendly infrastructure. For instance, according to World Health Organization (WHO), an specialized government agency, between 2020 to 2050, the number of people with 80 years of age or older is expected to triple and reach to 426 million and by 2050, the number of people aged 60 and over will double to reach 2.1 billion So, the demand for infrastructural improvements that are “”elderly”” friendly will increase during the forecast period. Houses and the wider surroundings had to be adapted to be made safer and more inclusive. Better residential as well as non-residential buildings had to be made more accessible to the elderly. This resulted in increased building construction activity.
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The buildings construction market covered in this report is segmented –
1) By Type: Residential Building Construction; Nonresidential Building Construction
2) By Building Type: Smart Buildings; Traditional Buildings
3) By End User Sector: Private; Public
Subsegments Covered: Single-Family Housing Construction (Individual Houses); Multifamily Housing Construction (Apartments); New Housing For-Sale Builders; Residential Remodelers; Institutional Buildings; Commercial Buildings
The buildings construction market report table of contents includes:
1. Executive Summary
2. Buildings Construction Market Characteristics
3. Buildings Construction Product/Service Analysis -Product/Service Examples
4. Buildings Construction Market Trends And Strategies
5. Buildings Construction Market – Macro Economic Scenario
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68. Global Buildings Construction Market Competitive Benchmarking
69. Global Buildings Construction Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Buildings Construction Market
71. Buildings Construction Market Future Outlook and Potential Analysis
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