The retail 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 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 buildings market size has grown steadily in recent years. It will grow from $309.16 billion in 2023 to $318.07 billion in 2024 at a compound annual growth rate (CAGR) of 2.9%. 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 buildings market size is expected to see steady growth in the next few years. It will grow to $359 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to sustainable building practices and green certification, adaptation to changing work patterns, mixed-use developments and urban revitalization, health and safety considerations in building design, community-centric and experiential retail trends.. Major trends in the forecast period include contactless shopping and payment solutions, integration of social media and influencer marketing, customization and personalization in retail design, hybrid retail spaces, community-centric retail..
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Scope Of Retail 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 Buildings Market Overview
Market Drivers –
The globally expanding commercial sector is expected to propel the growth of the retail buildings market going forward. The commercial sector refers to a sector that comprises enterprises’ service-providing facilities and equipment, federal, state, and local governments, and other private and public organizations such as religious, social, or fraternal organizations. Retail facilities are part of the commercial sector. So, the growth of the commercial sector increases the construction of retail buildings. For instance, in June 2021, according to GOV.UK, a UK-based public sector information website, by the end of March 2021, there were 4,716,126 company registers, which is an increase of 8.4% from the end of March 2020. From 2020 to 2021, 810,316 new businesses were registered, a 21.8% increase from 2019 to 2020. Therefore, the globally expanding commercial sector is driving the retail buildings market.
Market Trends –
Technology adoption is a key trend gaining popularity in the retail buildings market. Major companies operating in the retail buildings market are focused on adopting innovative technologies to strengthen their position in the market. For instance, in December 2022, Stereolabs Inc., a US-based company that offers 3D depth and motion sensing solutions based on stereo vision and artificial intelligence, launched ZED-X, the world’s first 3D robot camera with a new SDK (software development kit) and control for multiple cameras. ZED-X is created for robotic process automation and navigation in challenging indoor and outdoor locations. The ZED-X is powered and supported by Stereolabs’ comprehensive software ecosystem, which opens the door to quick commercial implementations of robots in construction.
The retail buildings market covered in this report is segmented –
1) By Type: Buildings Construction, Heavy and Civil Engineering Construction, Specialty Trade Contractors
2) By Materials: Aggregates, Bricks, Cement, Ceramic Facing and Floor Tiles, Composites, Glass, Other Materials
3) By Construction Type: New Construction, Renovation
4) By Application: Residential Buildings, Nonresidential Buildings
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Regional Insights –
Asia-Pacific was the largest region in the retail buildings market in 2023. North America is expected to be the retail buildings market report fastest-growing region in the forecast period. The regions covered in the retail 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 buildings market report are Retail Construction Services Inc., Actividades de Construcción y Servicios S.A., Bouygues S.A., Hochtief AG, Skanska AB, Vinci SA, Pacific Crest Engineering Inc., Kneeland Construction Corporation, Shannon Waltchack LLC, Bechtel Corporation, Fluor Corporation, Whiting Turner Construction Company, Turner Construction Company, Gilbane Building Company, Hensel Phelps Construction Co., Gensler, CallisonRTKL Inc., Kimley-Horn and Associates Inc., Nelson Worldwide LLC, Core States Group, Stantec Inc., NORR Limited, WD Partners Inc., RSP Architects Ltd., GreenbergFarrow, HKS Architects Inc., Perkins + Will Inc., HNTB Corporation, Ware Malcomb, MG2 Corporation, Eppstein Uhen Architects Inc., HMC Architects, Corgan Associates Inc., Hord Coplan Macht Inc., Hammel Green and Abrahamson .
Table of Contents
1. Executive Summary
2. Retail Buildings Market Report Structure
3. Retail Buildings Market Trends And Strategies
4. Retail Buildings Market – Macro Economic Scenario
5. Retail Buildings Market Size And Growth
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27. Retail Buildings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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