What is the present valuation and projected CAGR of the building finishing contractors market?
The building finishing contractors market size has grown strongly in recent years. It will grow from $1417.89 billion in 2024 to $1526.95 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to construction industry growth, real estate development, urbanization and infrastructure projects, building renovations, architectural and design trends.
The building finishing contractors market size is expected to see strong growth in the next few years. It will grow to $2012.4 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to sustainability and green building, smart building integration, health and safety standards, infrastructure resilience, population growth and housing. Major trends in the forecast period include sustainable finishing materials, smart home integration, biophilic design, modular and prefabricated finishing, adaptive reuse.
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What key drivers have fueled the building finishing contractors market’s development over the years?
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. Houses and the wider surroundings had to be adapted to be made safer and more inclusive. Local shops and town centers had to be made more accessible and had to be made accessible to the elderly. Public transport facilities also had to be revised based on the increased demand from the elderly. This will result in increased demand for building finishing contractors’ activity during the forecast period.
What is the segmentation for the building finishing contractors market?
The building finishing contractors market covered in this report is segmented –
1) By Type: Drywall And Insulation Contractors, Painting And Wall Covering Contractors, Flooring Contractors, Tile And Terrazzo Contractors, Finish Carpentry Contractors, Other Building Finishing Contractors
2) By Service Provider: Large Chain Companies, Independent Contractors
3) By Mode: Online, Offline
4) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Other Applications
Subsegments:
1) By Drywall And Insulation Contractors: Drywall Contractors, Insulation Contractors
2) By Painting And Wall Covering Contractors: Interior Painting Contractors, Exterior Painting Contractors, Wallpaper Contractors, Other Wall Covering Contractors
3) By Flooring Contractors: Carpet Installation Contractors, Hardwood Floor Contractors, Ceramic Tile Installation Contractors, Vinyl And Linoleum Flooring Contractors, Other Flooring Contractors
4) By Tile And Terrazzo Contractors: Ceramic Tile Contractors, Terrazzo Flooring Contractors, Marble And Stone Tile Contractors, Other Tile And Terrazzo Contractors
5) By Finish Carpentry Contractors: Cabinet Installation Contractors, Millwork Contractors, Trim And Molding Contractors, Door And Window Installation Contractors, Other Finish Carpentry Contractors
6) By Other Building Finishing Contractors: Stucco Contractors, Plaster Contractors, Soundproofing Contractors, Other Specialty Finishing Contractors
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Who are the most influential companies in the building finishing contractors market?
Major companies operating in the building finishing contractors market include Fletcher Building Ltd., NCI Building Systems Inc, Interserve Plc, APi Group Inc, Performance Contracting Group Inc, Cleveland Construction Inc, Irex Corp of Lancaster, Sherwin-Williams Company, Pittsburgh Plate Glass Industries, Inc, RPM International Inc., The Valspar Corporation, Benjamin Moore & Co., Behr Process Corporation, Rust-Oleum Corporation, Akzo Nobel N.V., Axalta Coating Systems Ltd., BadischeAnilin und Soda-Fabrik SE, The Dow Chemical Company, DuPont de Nemours, Inc., Eastman Chemical Company, 3M Company, Avery Dennison Corporation, Bostik SA, Data Acquisition and Processing Products Inc., Franklin International Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc., ITW Performance Polymers & Fluids, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., Pidilite Industries Ltd., Sika AG, United States Gypsum Corporation, Armstrong World Industries Inc., CertainTeed Corporation, Georgia-Pacific LLC.
What are the top industry trends projected to impact the building finishing contractors market?
Major companies operating in the building finishing contractor market are focusing on developing technologically advanced solutions, such as easy-to-use software for fast-paced building construction to streamline project management, enhance precision, and improve overall efficiency. Easy-to-use software for fast-paced building construction refers to digital tools designed to simplify and accelerate construction management processes. For instance, in May 2023, Topcon, a Japan-based engineering company, introduced Digital Layout, a user-friendly software designed to enhance efficiency in the building construction industry. Aimed at both novice and experienced users, it simplifies the transition from traditional layout methods to digital workflows. The software is compatible with 3D lasers and integrates seamlessly with Autodesk Revit or AutoCAD for point file creation. Key features include real-time reporting, multi-platform support for Windows and Android, and cloud connectivity through Topcon MAGNET Enterprise for easy data sharing.
What are the major regional insights for the building finishing contractors market, and which region holds the top position?
Asia-Pacific was the largest region in the building finishing contractors market in 2023. Western Europe was the second-largest region in the building finishing contractors market. The regions covered in the building finishing contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Building Finishing Contractors Market Report 2025 Offer?
The building finishing contractors market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Building finishing is specialized construction work related to the plastering, pointing, painting, varnishing, white and color washing, or distempering in a building.
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