Global Office And Factory Buildings Market Segments 2024, Forecast To 2033
5 Mar, 2024
The office and factory buildings market has grown steadily, advancing from $881.87 billion in 2023 to $900.18 billion in 2024, reflecting a 2.1% CAGR. Historical growth is associated with economic growth, urbanization, infrastructure development, regulatory changes, and demographic shifts. Expecting steady growth, the market is projected to reach $986.16 billion in 2028, with a 2.3% CAGR. Key forecasted trends include 3D printing in construction, vertical integration, agile work environments, biophilic design, and mobility and accessibility.
Global Office And Factory Buildings Market Key Driver
Rapid industrialization propels the office and factory buildings market, driven by a shift from agrarian to industrial economies. Notably, Eurostat reports an 8% growth in manufactured goods production in 2021. Industrialization spurs the need for diverse office and factory buildings, emphasizing prefabrication's efficiency and quality in construction, showcasing market growth.
Get A Free Sample Of The Global Office And Factory Buildings Market ReportGlobal Office And Factory Buildings Market Segments
The office and factory buildings market covered in this report is segmented –
1) By Type: Residential, Non-residential
2) By Construction Type: New Construction, Renovation
3) By Application: Owned, Rental
4) By End User: Private, Public
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the office and factory buildings market in 2023. The regions covered in the office and factory buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Office And Factory Buildings Industry Players
Power Construction Corporation of China; China State Construction Engineering Co. Ltd.; Bouygues Construction; Lennar Corporation; Kiewit Building Group Inc.; Actividades de Construcción y Servicios S.A.; Hochtief AG; Vinci SA; Larsen & Toubro Ltd; Skanska Group; Gammon India Limited; Tata Projects Limited; Bechtel Corporation; Fluor Corporation; The Whiting-Turner Contracting Company; Doug Peter and Ron Construction; Toll Brothers Inc.; CBRE Group Inc.; Jacobs Solutions Inc.; China Railway Construction Corporation Limited; Jones Lang LaSalle; Colliers International; Gilbane Building Company; Holcim; The Korte Company; Yates Construction; PulteGroup Inc; D.R. Horton Inc; Pretorius Structures; FEG Global
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AIOps Office And Factory Buildings Market Overview
Office and factory buildings refer to enclosed structures that are placed over a parcel of land and are considered to be reasonably permanent. It is a type of commercial building that has areas primarily intended to be used for offices, and a factory building is any building or other structure where explosive material manufacture, or any portion thereof is carried out.
Office And Factory Buildings Global Market Report 2023 provides data on the global office and factory buildings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The office and factory buildings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.