Learn about the global buildings construction market through The Business Research Company, which provides information on buildings construction market size, buildings construction market drivers and restraints, buildings construction market players, the COVID-19 impact on the buildings construction market, and more.

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The global buildings construction market is expected to grow from $6529.74 billion in 2021 to $7361.37 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The growth in the building construction market 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 building construction market is expected to reach $11475.81 billion in 2026 at a CAGR of 11.7%.

The population profile of most countries is becoming older, increasing the demand for elderly friendly infrastructure. Houses and the wider surroundings have to be adapted to be made safer and more inclusive. Better residential as well non-residential buildings have to be made more accessible to the elderly. This results in increased building construction activity.

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The building construction market consists of sales of buildings construction services and related goods by entities (organizations, sole traders and partnerships) that construct buildings. Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The building construction market includes new work, additions, alterations, maintenance, and repairs.

Global buildings construction market segments include:

By Type: Residential Building Construction, Non-residential Building Construction

By End User Sector: Private, Public

By Building Type: Smart Buildings, Traditional Buildings

Subsegments Covered: Single-Family Housing Construction (Individual Houses), Multifamily Housing Construction (Apartments), New Housing For-Sale Builders, Residential Remodelers, Institutional Buildings, 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 was the largest region in the global buildings construction market, accounting for 44% of the market in 2020.

Building construction companies are 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.

TBRC’s buildings construction market report covers:

Major Market Players: China State Construction Engineering Corporation Ltd., China Evergrande Group, Country Garden Holdings Co Ltd, Sunac China Holdings Ltd., and Greenland Holding Group.

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)

The Buildings 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 buildings construction market overviews, analyses and forecasts market size, share, buildings construction market players, buildings construction market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s buildings construction market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Multifamily Housing Green Buildings Global Market Report 2021-COVID-19 Growth And Change

Smart Buildings (Nonresidential Buildings) Global Market Report 2021 -COVID-19 Growth And Change

Services To Buildings And Dwellings Global Market Report 2021 -COVID-19 Impact And Recovery

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