Retail And Other Commercial Buildings Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
7 Jul, 2023
The global retail and other commercial buildings market size is expected to grow from $395.39 billion in 2022 to $411.65 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. 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, and affecting many every market across the globe. The global retail and other commercial buildings market size is expected to reach $458.87 billion in 2027 at a CAGR of 2.8%.
Global Retail And Other Commercial Buildings Market Key Driver
The rapid expansion of retail space is likely to propel the development of the retail and other commercial building markets in the future. Retail space, which includes shopping centres, strip malls, and stand-alone stores, is commercial space used to sell goods or services to clients. The rise of large retailers such as Amazon, Walmart, and Target has resulted in rapid growth in the retail sector. This expansion will fuel additional retail and other similar structure construction.
Get a sample of the global retail and other commercial buildings market reportGlobal Retail And Other Commercial Buildings Market Segments
The global retail and other commercial buildings market is segmented:
1) By Building Type: Smart Buildings, Traditional Buildings
2) By Application: Residential Buildings, Non-Residential Buildings
3) By End-User: Offices, Retail, Leisure, Other End-Users
4) By Geography: The regions covered in the retail and other 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 retail and other commercial buildings market.
Major Retail And Other Commercial Buildings Industry Players
Kneeland Construction, JL Schwieters Construction, Bechtel Corporation, Fluor Corporation, Whiting-Turner, Emcor Group Inc., Turner Construction, Gilbane Building Company, Hensel Phelps Construction, Walsh Group, Balfour Beatty Construction, Swinerton, McCarthy Building Companies, J. E. Dunn Construction Group, Holder Construction Group LLC
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Retail And Other Commercial Buildings Market Overview
The retail and other commercial buildings refers to buildings developed, and constructed for retail and commercial purposes.
Retail And Other Commercial Buildings Global Market Report 2023 provides data on the global retail and other commercial buildings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The retail and other commercial buildings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.