Construction Materials Market Size 2023 To 2032

The Residential Building Construction Global Market Report 2023, provides comprehensive information on the residential building construction market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/residential-building-construction-global-market-report

As per The Business Research Company’s Residential Building Construction Global Market Report 2023, the market size is expected to grow from $4,138.84 billion in 2022 to $4405.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global residential building construction market size is expected to reach $5,393.36 billion in 2027 at a CAGR of 5.2%.

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Technological innovations are a key trend gaining popularity in the residential building construction market. Major companies operating in the residential building construction market are introducing innovative products to sustain their position in the residential building construction market. For instance, in February 2022, Black Buffalo 3D Corporation, a US-based company operating in residential construction launched NEXCON 3D printers, a 3D modular construction printer. This involves 3D printing technology that addresses traditional challenges in the construction industry with a stronger, more durable end product utilizing a motion-centric modular gantry design that produces more effective structures. The multi-axis gantry system is optimized to produce accurate prints for any 3D-modeled design that can be developed using normal CAD software, and it is capable of printing buildings up to three stories high.

The residential building construction market is segmented:

1) By Product type: New-Single Family Housing Construction, New-Multi Family Housing Construction, Other Types

2) By Sales Type: New Construction, Renovation

3) By End-User: Private, Public

North America was the largest region in the residential building construction market in 2022.

The table of contents in TBRC’s residential building construction market report includes:

1. Executive Summary
2. Residential Building Construction Market Characteristics
3. Residential Building Construction Market Trends And Strategies
4. Residential Building Construction Market – Macro Economic Scenario
5. Residential Building Construction Market Size And Growth

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26. Africa Residential Building Construction Market
27. Residential Building Construction Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Residential Building Construction Market
29. Residential Building Construction Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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