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

Green building construction is predicted to drive innovation in commercial building manufacturing, propelling the market during the forecast period.

The global commercial buildings market is expected to grow from $1,811.03 billion in 2022 to $1,889.78 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The global commercial buildings market size is expected to reach $2,126.93 billion in 2027 at a CAGR of 3.0%.

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Global Commercial Buildings Market Segments Include:

• By Product: New Construction, Repair And Maintenance, Refurbishment And Demolition
• By Application: Owned, Rental
• By End User: Offices, Retail, Leisure, Other End Users
• 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 commercial buildings market in 2021.

Major Market Players in the commercial buildings market include Boston Commercial Properties Inc., Brookfield Business Partners LP, CBRE Group Inc., DLF Ltd., Keller Williams Realty Inc., Lee & Associates Licensing and Administration Co. LP.

Technological developments are a major trend that is gaining traction in the commercial construction market. To improve their position in the commercial building sector, major corporations are focusing on developing innovative technology solutions. For example, BrainBox AI, a Canada-based autonomous building technology startup, will offer a groundbreaking AI-powered solution in the UK and Irish commercial real estate markets in October 2020. BrainBox AI is currently deploying its technology in ten buildings totaling over one million square feet of commercial space in both nations. By utilising artificial intelligence (AI) to estimate a building’s thermal load, BrainBox AI’s technology allows the HVAC (Heating, Ventilation, and Air Conditioning) system in a building to function independently and in real-time. This results in a 20-40% reduction in carbon footprint, a 25% reduction in overall energy expenses that may be reached in less than three months, and a 60% increase in occupant comfort. Building managers should also expect a 50% reduction in HVAC system running and maintenance costs.

The Commercial Buildings Global Market Report 2023  provides a commercial buildings market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The commercial buildings market forecast analyzes commercial buildings market size, commercial 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.

Commercial buildings are any structures that are erected for industrial or public uses for commercial activities that generate a profit, but are not residential buildings, and are utilised for business-related purposes.

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