The retail and other commercial buildings global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Retail And Other Commercial Buildings Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The retail and other commercial buildings market size has grown steadily in recent years. It will grow from $409.69 billion in 2023 to $422.45 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to economic growth and consumer spending, urbanization and population density, consumer trends and shopping preferences, commercial real estate investment trends, government policies and zoning regulations..
The retail and other commercial buildings market size is expected to see steady growth in the next few years. It will grow to $481.01 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to e-commerce integration and omnichannel retail, sustainable building practices and green certification, adaptation to changing work patterns, mixed-use developments and urban revitalization, health and safety considerations in building design.. Major trends in the forecast period include focus on health and safety measures, popularity of mixed-use developments, incorporation of biophilic design elements, contactless and cashless transactions, e-commerce influenced design..
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Scope Of Retail And Other Commercial Buildings Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Retail And Other Commercial Buildings Market Overview
Market Drivers –
The strong growth in retail space is expected to propel the development of the retail and other commercial buildings market going forward. Retail space is commercial space for selling goods or services to customers, such as shopping centers, strip malls, and stand-alone stores. The expansion of major retailers such as Amazon, Walmart, and Target has driven strong growth in the retail space. This growth will drive new construction of retails and other such structures construction. For instance, in July 2022, according to the Wall Street Journal, a US-based business and economic-focused international daily newspaper, Amazon, a US-based e-commerce company accelerated the expansion of its warehouse space to meet consumer demand. The warehouse space increased from 165 million square feet to 379 million square feet. Furthermore, in 2022, WeWork India, an India-based space-as-a-service platform, taken 3.62 lakh square feet lease of office space as part of its expansion plan for flexible workspace. Therefore, the strong growth in retail space is driving the growth of the retail and other commercial buildings market.
Market Trends –
Product innovation is a key trend gaining popularity in the retail and other commercial buildings market. Major companies operating in the retail and other commercial buildings market are focused on developing innovative solutions to strengthen their position in the market. For instance, in February 2023, Contruent, a US-based capital project management solution company for large construction projects, launched Contruent Enterprise, a SaaS-based solution that empowers owners and engineering, procurement, and construction to complete projects quickly and more precisely. The software improves scheduling and budget management of the construction projects with a customizable dashboard and other components such as integrated cost and schedule, engineering, contract management, and field management.
The retail and other commercial buildings market covered in this report is segmented –
1) By Building Type: Smart Buildings, Traditional Buildings
2) By Application: Residential Buildings, Non-Residential Buildings
3) By End-User: Offices, Retail, Leisure, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the retail and other commercial buildings market in 2023. The regions covered in the retail and other commercial buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the retail and other commercial buildings market report are Kneeland Construction Corporation, JL Schwieters Construction, Bechtel Corporation, Fluor Corporation, The Whiting-Turner Contracting Company, Emcor Group Inc., Turner Construction Co., Gilbane Building Company, Hensel Phelps Construction Co., The Walsh Group, Balfour Beatty Inc., Swinerton Inc., McCarthy Building Companies, Dunn Construction Group Inc., Holder Construction Group LLC, CBRE Group Inc., Cushman & Wakefield plc, Jones Lang LaSalle Incorporated, Colliers International India Property Services Pvt Ltd., Lincoln Property Company, Hines Interests Limited, Prologis Inc., Newmark Group Inc., Kimco Realty Corporation, Kittle Property Group Inc., Houlihan-Parnes Realtors LLC, Brookfield Properties Pvt. Ltd., Robert A.M. Stern Architects LLP, Elkus Manfredi Architects, M. Arthur Gensler Jr. & Associates Inc., Tishman Speyer Properties L.P., Fischerwerke GmbH & Co. KG, Lewis Management Corp., Neoscape Inc. .
Table of Contents
1. Executive Summary
2. Retail And Other Commercial Buildings Market Report Structure
3. Retail And Other Commercial Buildings Market Trends And Strategies
4. Retail And Other Commercial Buildings Market – Macro Economic Scenario
5. Retail And Other Commercial Buildings Market Size And Growth
…..
27. Retail And Other Commercial Buildings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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