Global Construction Market Report And Strategies To 2032

The Residential Building Construction Global Market Report 2023 by The Business Research Company, provides residential building construction market overview 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

According to The Business Research Company’s Residential Building Construction Global Market Report 2023, the global residential building construction 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%.

The rising population is expected to propel the growth of the residential building construction market going forward. Population refers to the citizens of a specific nation or location or common people. An increase in population is the dominant factor in determining the volume of building construction, as a result, the rising population would directly reflect the growth of building construction.

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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

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 report table of contents 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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