Nonresidential Building Construction Market
Construction

Global Nonresidential Building Construction Market Size, Forecasts, And Opportunities

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

 

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The global non-residential building construction market size is expected to grow from $2675.51 billion in 2021 to $2989.95 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The growth in the non-residential 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 non-residential building construction market is expected to reach $4484.30 billion in 2026 at a CAGR of 10.7%.

 

A rapidly growing urban population is expected to drive innovation in nonresidential building construction manufacturing, thus driving the market during the forecast period.

 

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The non-residential building construction market consists of sales of nonresidential 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.

 

Global Nonresidential Building Construction Market Segments Include:

By Type: Institutional Buildings, Commercial Buildings

By End User Sector: Private, Public

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 was the largest region in the nonresidential building construction market in 2021

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 nonresidential building construction market report covers:

Major Market Players: Shanghai Construction Group Co., Ltd., Bouygues SA, Greenland Holding Group, Obayashi Corporation, and Daiwa House 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 Nonresidential Building Construction Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides nonresidential building construction market overviews, analyses and forecasts market size, share, nonpresidential building construction market players, nonresidential building construction market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s nonresidential building 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:  

Single-Family Modular And Prefabricated Housing Construction Global Market Report 2021

Modular And Prefabricated Nonresidential Building Construction Global Market Report 2021

Multifamily Housing Green Buildings Global Market Report 2021

 

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