Global Nonresidential Building Construction Market Opportunities And Strategies – Forecast To 2030 – Includes Nonresidential Building Construction Market Growth
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A rapidly growing urban population is expected to increase the demand for new residential and commercial buildings during the forecast period, as per The Business Research Company’s nonresidential building construction market opportunities and strategies report.
The nonresidential building construction market is expected to grow from $2.67 trillion in 2021 to $4.11 trillion in 2026 at a rate of 9.0%. The market is then expected to grow at a CAGR of 7.4% from 2026 and reach $5.88 trillion in 2031.
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Major players in the nonresidential building construction market include China State Construction, Engineering Co., Ltd., Shanghai Construction Group Co., Ltd., Hochtief AG, Vinci S.A., Bouygues SA.
Nonresidential building construction companies are using robotics for increasing productivity, to get work done quicker, cheaper and with more precise detail. Construction robots are automated machines that assist in construction. Technology from San Francisco startup Built Robotics lets construction machinery such as diggers and dozers operate autonomously. A growing array of robotic equipment can take over specialized construction tasks including welding, drilling, and brick-laying.
The Global Nonresidential Building Construction Market Is Segmented:
By Type- Institutional Buildings, Commercial Buildings
By End-User – Private, Public
By Building Type- Non-Residential Smart Buildings, Traditional 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 is the largest region in the global nonresidential building construction market.
TBRC’s Nonresidential Building Construction Market Report Covers:
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 (2016-21) and ten years forecast (2022-2026-2031)
The Nonresidential Building Construction Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough nonresidential building construction market research, analyzes and forecasts nonresidential building construction market size, nonresidential building construction market share, nonresidential building construction market players, nonresidential building construction market trends, nonresidential building construction market segmentation 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.
The nonresidential 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.
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