How Has The Foundation, Structure, And Building Exterior Contractors Market Size Evolved Historically?
The foundation, structure, and building exterior contractors market has seen considerable growth due to a variety of factors.
• In the past few years, the market size for foundation, structure, and building exterior contractors has seen consistent growth. It is predicted to increase from $1317.28 billion in 2024 to $1383.09 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%.
Factors contributing to the growth in the historical period include expansion in construction, infrastructure development, government policies and regulations, the fluctuating real estate market, and environmental considerations.
How Does the Forecast Look for the Foundation, Structure, And Building Exterior Contractors Market?
The foundation, structure, and building exterior contractors market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for foundation, structure, and building exterior contractors is projected to experience consistent expansion in the coming years. The market is anticipated to reach a value of $1630.85 billion by 2029, with a compound annual growth rate (CAGR) of 4.2%.
Multiple factors, such as robust and sustainable construction practices, renewable energy construction, rejuvenation initiatives of the existing infrastructure, shifting population movements, and adjustments to climate change, contribute to this projected growth. The forecast period is expected to be marked by integral trends like digitalization within the construction sector, intelligent building technologies, technological advancements specific to construction, prefabrication, modular construction, and an intensified focus on building resilient infrastructure.
What Are The Key Drivers Fueling Growth In The Foundation, Structure, And Building Exterior Contractors Market?
The rising urban populace is anticipated to spur the need for fresh residential and commercial land throughout the forecast timeline. The UN World Urbanization Prospects report forecasts that by 2050, over two-thirds (60%) of the global population will reside in urban areas. As an example, the emerging popularity of countries like Indonesia, Vietnam, and the Philippines for export-oriented manufacturing is likely to present substantial opportunities. As per the World Bank, it is projected that the urban populace in South Asia will swell by 250 million by 2030. This swift urbanization is set to stimulate the demand for new infrastructure, thus propelling the foundation, structure, and building exterior contractors market throughout the forecast period.
How Are The Segments Defined Within The Global Foundation, Structure, And Building Exterior Contractors Market?
The foundation, structure, and building exterior contractors market covered in this report is segmented –
1) By Type: Excavation And Demolition, Roofing, Concrete Work, Water Well Drilling
2) By Service Provider: Large Chain Companies, Independent Contractors
3) By Mode: Online, Offline
4) By Application: Residential Building Construction, Nonresidential Building Construction, Other Applications
Subsegments:
1) By Excavation And Demolition: Site Preparation, Demolition Services, Grading And Excavation
2) By Roofing: Residential Roofing, Commercial Roofing, Roof Repairs And Maintenance
3) By Concrete Work: Foundation Pouring, Concrete Repair, Decorative Concrete Services
4) By Water Well Drilling: Residential Well Drilling, Commercial Well Drilling, Well Maintenance And Repair
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How Are New Trends Expected To Influence The Growth Of The Foundation, Structure, And Building Exterior Contractors Market?
Building contractors are now utilizing building-integrated photovoltaic (BIPV) glazing technology to generate electricity. BIPV systems, which incorporate solar cells or modules into the very fabric of the building, provide a unique contrast to traditional photovoltaic systems commonly found scaling small rooftop surface areas. With BIPV, photovoltaic cells can be seamlessly merged into construction materials like cladding, shingles, or glass panes. This allows various components of a building, such as the roof, facades, windows, canopies, or balcony balustrades, to harness and generate solar power. Therefore, buildings equipped with BIPV systems can produce a greater percentage of their own electricity, leveraging a renewable and clean energy source. Companies like AGC Inc., Avenston Group, BELECTRIC, BiPVco, and Canadian Solar are leading examples in the field of building-integrated photovoltaics.
Who Are the Key Players in the Foundation, Structure, And Building Exterior Contractors Market?
Major companies operating in the foundation
• structure
• and building exterior contractors market include:
• Turner Construction Company
• Bechtel Corporation
• Whiting-Turner Contracting Company
• Gilbane Building Company
• Skanska USA Building Inc.
• McCarthy Building Companies Inc.
• Fluor Corporation
• Jacobs Engineering Group Inc.
• Kiewit Corporation
• DPR Construction
• Clark Construction Group LLC
• PCL Construction Enterprises Inc.
• Hensel Phelps Construction Co.
• Lendlease Group
• AECOM
• Tishman Construction Corporation
• Holder Construction Company
• Mortenson Construction
• Balfour Beatty US
• Shawmut Design and Construction
• The Walsh Group Ltd.
• JE Dunn Construction Group Inc.
• Swinerton Builders
• Brasfield & Gorrie LLC
• Webcor Builders
• Structure Tone Inc.
• Gray Construction
• Austin Industries Inc.
• Layton Construction Co. LLC
• STO Building Group
What Is The Most Dominant Region In The Foundation, Structure, And Building Exterior Contractors Market?
Asia-Pacific was the largest region in the foundation, structure, and building exterior contractors market in 2024. North America was the second-largest region in the foundation, structure, and building exterior contractors market. The regions covered in the foundation, structure, and building exterior contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
