Commercial Buildings Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
14 Jul, 2023
The global commercial buildings market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global commercial buildings market size is expected to reach $2,126.93 billion in 2027 at a CAGR of 3.0%.
Global Commercial Buildings Market Key Driver
Increasing construction of green buildings is expected to propel the commercial buildings market going forward. Green buildings are constructed using fewer resources, resulting in healthier, more ecologically friendly, and less expensive to maintain structures. The sustainable construction method considers a structure's entire life cycle. Green buildings are employed in commercial buildings because they lower year-over-year expenditures, hence a rise in green buildings will promote market growth.
Get a sample of the global commercial buildings market reportGlobal Commercial Buildings Market Segments
The global commercial buildings market is segmented:
1) By Product: New Construction, Repair And Maintenance, Refurbishment And Demolition
2) By Application: Owned, Rental
3) By End User: Offices, Retail, Leisure, Other End Users
4) By Geography: The regions covered in the commercial buildings market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global commercial buildings market.
Major Commercial Buildings Industry Players
Boston Commercial Properties Inc., Brookfield Business Partners LP, CBRE Group Inc., DLF Ltd., Keller Williams Realty Inc., Lee & Associates Licensing and Administration Co. LP, Link Asset Management Ltd., Marcus & Millichap Inc., MaxWell Realty Canada, NAI Global, Nakheel PJSC, Onni Contracting Ltd., Prologis Inc., RAK Properties PJSC, Segro Plc
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Commercial Buildings Market Overview
Commercial buildings refer to any structure that is constructed for industrial or public purposes for commercial activities that generate a profit, but is not a residential building. They are used for business-related purposes.
Commercial Buildings Global Market Report 2023 provides data on the global commercial buildings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The commercial buildings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.