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

Rising government spending is likely to spur innovation in government building manufacturing, propelling the market during the forecast period.

The global government buildings market is expected to grow from $47.28 billion in 2022 to $48.47 billion in 2023 at a compound annual growth rate (CAGR) of 2.5%. The global government buildings market size is expected to reach $51.11 billion in 2027 at a CAGR of 1.3%.

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Global Government Buildings Market Segments Include:

• By Type: Institutional Buildings, Commercial Buildings
• By Building Type: Non-Residential Smart Buildings, Traditional Buildings
• 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, Asia Pacific is the largest region in the global government buildings market in 2021.

Major Market Players in the government buildings market include China State Construction Engineering Co. Ltd., Shanghai Construction Group Co. Ltd., Clark Construction Group LLC, The Whiting-Turner Contracting Company.

The primary trend gaining traction in the government buildings industry is specialised government buildings. Major players in the government building market concentrate on creating buildings with specialised systems. For example, the Government of India’s Ministry of Housing and Urban Affairs will launch the Central Vista Project in September 2021. The construction of a new parliament building was the first step in this project. The new facility will include vast Committee spaces outfitted with cutting-edge audio-visual technology. It will incorporate functional rooms designed to assist and increase efficiency. To maximise space utilisation, the new structure is triangular in design.

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

Government buildings are structures that house and connect various government offices. These structures house the legal and civic affairs of an organised society.

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