Global Office And Factory Buildings Market Size
Construction

Insights Into The Office And Factory Buildings Market’s Growth Opportunities Through 2023-2032 – Includes Office And Factory Buildings Market Share

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

Rapid industrialization is likely to drive innovation in the manufacturing of office and factory buildings, propelling the market during the forecast period.

 

The global office and factory buildings market is expected to grow from $859.47 billion in 2022 to $885.49 billion in 2023 at a compound annual growth rate (CAGR) of 3.0%. The global office and factory buildings market size is expected to reach $949.83 billion in 2027 at a CAGR of 1.8%.

 

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Global Office And Factory Buildings Market Segments Include:

  • By Type: Residential, Non-residential
  • By Construction Type: New Construction, Renovation
  • By Application: Owned, Rental
  • By End User: Private, Public
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global office and factory buildings market in 2021.

 

Major Market Players in the office and factory buildings market include Power Construction Corporation of China, China State Construction Engineering Co. Ltd., Bouygues Construction, Lennar Corporation, Kiewit Building Group Inc.

 

Technological innovation is a major trend that is gaining traction in the office and factory construction markets. Major corporations based in office and factory buildings are focusing on providing creative solutions to boost their market position. For example, Black Buffalo 3D Corporation, a construction equipment supplier company based in the United States, launched its technological product, the NEXCON 1G 3D construction printer, in February 2022, which specialises in single- to three-story residential and commercial applications, with the ability to print up to three stories depending on roof design. This method provides a more durable, long-lasting, and cost-effective approach to construct affordable homes, infrastructure, and other structures. Furthermore, this method saves builders up to 70% on materials prices, nearly zero waste, and up to 80% on labour expenses and build time.

 

The Office And Factory Buildings Global Market Report 2023  provides a office and factory buildings market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The office and factory buildings market forecast analyzes office and factory buildings market size, office and factory buildings market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Office and factory buildings are enclosed structures that are erected over a plot of land and are generally permanent. A factory building is any building or other structure where explosive material manufacture, or any component thereof, is carried out. It is a sort of commercial building with areas primarily meant to be utilised for offices.

 

Explore Similar Reports From The Business Research Company:

Office Buildings Global Market Report 2023

Factory Buildings Global Market Report 2023

Office Administrative Services Global Market Report 2023

 

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