Global Institutional Buildings Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
10 Jul, 2023
The global institutional buildings market size is expected to grow from $966.33 billion in 2022 to $1,000.04 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. 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 institutional buildings market size is expected to reach $1,093.62 billion in 2027 at a CAGR of 2.3%.
Global Institutional Buildings Market Key Driver
Rising government spending is predicted to drive future growth in the institutional building sector. The capital that the government spends on various goods and services is referred to as government expenditure. Government structures, such as hospitals and schools, gain from increased government spending, which aids in the development of various infrastructure necessities, such as institutional buildings.
Get a sample of the global institutional buildings market reportGlobal Institutional Buildings Market Segments
The global institutional buildings market is segmented:
1) By Type: Residential, Non-residential
2) By Construction Type: New Construction, Renovation
3) By Building Type: Smart Buildings, Traditional Buildings
4) By Application: Owned, Rental
5) By End User: Private, Public
6) By Geography: The regions covered in the institutional 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 institutional buildings market.
Major Institutional Buildings Industry Players
China State Construction Engineering Co. Ltd., Shanghai Construction Group Co. Ltd., Clark Construction Group LLC, The Whiting-Turner Contracting Company, Turner Construction Company, Balfour Beatty, Greenland Holding Group, Obayashi Corporation, Daiwa House Group, HOCHTIEF Aktiengesellschaft, Vinci S.A., Bouygues SA, Kajima U.S.A. Inc., Bechtel Corporation, Skanska, The Metallurgical Corp of China
Get the full global institutional buildings market reportInstitutional Buildings Market Overview
An institutional building is a building designed, and constructed for medical, charitable, jails, penal colonies, and others. The institutional buildings are mainly characterized by their use or function.
Institutional Buildings Global Market Report 2023 provides data on the global institutional buildings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The institutional buildings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.