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

During the projected period, the worldwide expanding commercial sector is expected to drive innovation in retail building production, hence driving the market.

The global retail buildings market is expected to grow from $299.02 billion in 2022 to $310.59 billion in 2023 at a compound annual growth rate (CAGR) of 3.9%. The global retail buildings market size is expected to reach $343.23 billion in 2027 at a CAGR of 2.5%.

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Global Retail Buildings Market Segments Include:

• By Type: Buildings Construction, Heavy and Civil Engineering Construction, Specialty Trade Contractors
• By Materials: Aggregates, Bricks, Cement, Ceramic Facing and Floor Tiles, Composites, Glass, Other Materials
• By Construction Type: New Construction, Renovation
• By Application: Residential Buildings, Nonresidential 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 retail buildings market in 2021.

Major Market Players in the retail buildings market include Retail Construction Services Inc., Actividades de Construcción y Servicios S.A., Bouygues S.A., Hochtief AG, Skanska AB, Vinci SA, Pacific Crest Engineering Inc., Kneeland Construction Corporation.

Adoption of technology is a crucial trend that is gaining traction in the retail building business. To increase their market position, major players in the retail buildings industry are focusing on implementing innovative technology. Stereolabs Inc., a US-based firm that provides 3D depth and motion sensing solutions based on stereo vision and artificial intelligence, for example, debuted ZED-X, the world’s first 3D robot camera with a new SDK (software development kit) and control for multiple cameras, in December 2022. ZED-X is designed for robotic process automation and navigation in difficult indoor and outdoor environments. The ZED-X is powered and supported by Stereolabs’ full software environment, allowing for rapid commercial implementations of construction robots.

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

Structures developed or intended for retail purposes are referred to as retail buildings. Shops that serve a complete warehouse-style building to small traders in a building with other retail enterprises are also referred to as retail buildings.

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