The office and factory 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.
Office And Factory 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 office and factory buildings market size has grown steadily in recent years. It will grow from $881.87 billion in 2023 to $900.18 billion in 2024 at a compound annual growth rate (CAGR) of 2.1%. The growth in the historic period can be attributed to economic growth, urbanization, infrastructure development, regulatory changes, demographic shifts..
The office and factory buildings market size is expected to see steady growth in the next few years. It will grow to $986.16 billion in 2028 at a compound annual growth rate (CAGR) of 2.3%. The growth in the forecast period can be attributed to workplace culture shifts, emerging markets, regulatory reforms, remote work adaptation, sustainability trends.. Major trends in the forecast period include 3d printing in construction, vertical integration, agile work environments, biophilic design, mobility and accessibility..
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Scope Of Office And Factory 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.
Office And Factory Buildings Market Overview
Market Drivers –
Rapid industrialization is expected to propel the growth of the office and factory buildings market going forward. Industrialization refers to the process of moving a country’s or region’s economy away from a reliance on agriculture and towards one that is driven by industry. Industrialization increases the need for various office and factory buildings that could make great contributions to housing demand with prefabrication, and modular construction in factories and then assembling them on the job site, which could increase the quality of project implementation and reduce the project time. For instance, in December 2021, according to a report shared by Eurostat, a Luxembourg-based government agency, the production of manufactured goods grew by 8 percent in 2021 compared to 2020. Additionally, in 2021, manufacturing contributed $2.3 trillion to U.S. GDP, amounting to 12.0 percent of the total U.S. GDP. Therefore, rapid industrialization is driving the growth of the office and factory buildings market.
Market Trends –
Technological advancement is a key trend gaining popularity in the office and factory buildings market. Major companies operating in office and factory buildings are focused on developing innovative solutions to strengthen their position in the market. For instance, in February 2022., Black Buffalo 3D Corporation, a US-based, construction equipment supplier company, launched its technological product, NEXCON 1G 3D construction printer, which specializes in single- to three-story residential and commercial applications, with the ability to print up to three stories depending on roof design. This technology is a stronger, more sustainable, and cost-effective way to build affordable housing, infrastructure, and much more. Additionally, this technology gives builders a 70 percent reduction in materials costs, almost zero waste, and up to an 80 percent reduction in labor costs and build time.
The office and factory buildings market covered in this report is segmented –
1) By Type: Residential, Non-residential
2) By Construction Type: New Construction, Renovation
3) By Application: Owned, Rental
4) By End User: Private, Public
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Regional Insights –
North America was the largest region in the office and factory buildings market in 2023. The regions covered in the office and factory buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the office and factory buildings market report are Power Construction Corporation of China, China State Construction Engineering Co. Ltd., Bouygues Construction, Lennar Corporation, Kiewit Building Group Inc., Actividades de Construcción y Servicios S.A., Hochtief AG, Vinci SA, Larsen & Toubro Ltd, Skanska Group, Gammon India Limited, Tata Projects Limited, Bechtel Corporation, Fluor Corporation, The Whiting-Turner Contracting Company, Doug Peter and Ron Construction, Toll Brothers Inc., CBRE Group Inc., Jacobs Solutions Inc., China Railway Construction Corporation Limited, Jones Lang LaSalle, Colliers International, Gilbane Building Company, Holcim, The Korte Company, Yates Construction, PulteGroup Inc, D.R. Horton Inc, Pretorius Structures, FEG Global .
Table of Contents
1. Executive Summary
2. Office And Factory Buildings Market Report Structure
3. Office And Factory Buildings Market Trends And Strategies
4. Office And Factory Buildings Market – Macro Economic Scenario
5. Office And Factory Buildings Market Size And Growth
…..
27. Office And Factory Buildings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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