Nonresidential Building Construction Global Market Report 2022 - By Type (Institutional Buildings, Commercial Buildings), By End User Sector (Private, Public), By Building Type (Nonresidential Smart Buildings, Traditional Buildings) - Market Size, Trends, And Global Forecast 2022 - 2026
What is the definition of the nonresidential building construction market?
The non-residential 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. The non-residential building market includes new work, additions, alterations, maintenance, and repairs.
How will the nonresidential building construction market drivers and restraints affect nonresidential building construction market dynamics? What forces will shape the nonresidential building construction industry going forward?
The rapid urbanization is expected to boost the demand for new infrastructure and drive the non-residential building construction market during the forecasted period. However, some non-residential building construction market restraints include the outbreak of Coronavirus disease (COVID-19) as supply chains were disrupted due to trade restrictions and construction activities were affected due to lockdowns imposed by governments globally.
What is the forecast market size of the nonresidential building construction market?
The nonresidential building construction market forecast expects the market size to reach $4.48 trillion in 2026 at a rate of 10.7%.
How is the nonresidential building construction segmented?
The global nonresidential building construction market is segmented -
1) By Type: Institutional Buildings, Commercial Buildings 2) By End User Sector: Private, Public 3) By Building Type: Non Residential Smart Buildings, Traditional Buildings Subsegments Covered: Education Buildings, Public Convenience Buildings, Government Buildings, Religious Buildings, Healthcare Buildings, Office And Factory Buildings, Hospitality And Restaurant Buildings, Entertainment And Sports Buildings, Retail And Other Commercial Buildings
Which region has largest share, and what is the market size and growth by geography according to the nonresidential building construction global market report?
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Who are the key players of the global nonresidential building construction market?
Top competitors in the nonresidential building construction market are Shanghai Construction Group Co., Ltd., Bouygues SA, Greenland Holding Group, Obayashi Corporation, and Daiwa House Group.
What are the key trends in the global nonresidential building construction market?
Major trends influencing the nonresidential building construction market include using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact.
What are the major opportunities in the nonresidential building construction market and the approaches companies can take to take advantage of them?
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How does the nonresidential building construction market relate to the overall economy and other similar markets?
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