The Global Non-residential Building Construction Market Report by The Business Research Company covers non-residential building construction market drivers and restraints, non-residential building construction market size, major players, and the impact of COVID-19 on the non-residential building construction market.
The non-residential building construction market consists of sales of non-residential building construction services and related goods by entities (organizations, sole traders and partnerships) that construct non-residential buildings (including new work, additions, alterations, maintenance, and repairs). The establishments in this market include non-residential general contractors, non-residential for-sale builders, non-residential design-build firms, and non-residential project construction management firms. The non-residential building market includes new work, additions, alterations, maintenance, and repairs. The non-residential building construction market is segmented into institutional buildings and commercial buildings.
A rapidly growing urban population is expected to increase the demand for new residential and commercial buildings, during the forecast period. Globally, around 60% of the urban settlements remained to be built.
The global non-residential building construction market is expected to grow from $2389.41 billion in 2020 to $2675.38 billion in 2021 at a compound annual growth rate (CAGR) of 12%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3557.79 billion in 2025 at a CAGR of 7%.
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Some non-residential building construction market trends include building construction companies increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact.
Global non-residential building construction market segments include:
1) By Type: Institutional Buildings, Commercial Buildings.
2) By End User Sector: Private, Public.
3) By Building Type: Non-Residential Smart Buildings, Traditional Buildings
Subsegments Covered: Education Buildings, Public Convenience Buildings, Government Buildings, Religious Buildings, Healthcare Buildings, Office And Factory Buildings, Hospitality And Restaurant Buildings, Entertainment And Sports Buildings, Retail And Other Commercial Buildings.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global non-residential building construction market share.
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The Non-residential Building Construction Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides non-residential building construction market overviews, analyzes and forecasts market size, share, non-residential building construction market players, non-residential building construction market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The non-residential building construction market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Non-residential Building Construction Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Clark Construction Group, Turner Construction, Whiting-Turner Contracting, Balfour Beatty, China State Construction Engineering Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Non-residential Building Construction Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Non-residential Building Construction Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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