Building Finishing Contractors Global Market Report 2023 – By Type (Drywall And Insulation Contractors, Painting And Wall Covering Contractors, Flooring Contractors, Tile And Terrazzo Contractors, Finish Carpentry Contractors, Other Building Finishing Contractors), By Application (Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Other Applications), By Service Provider (Large Chain Companies, Independent Contractors), By Mode (Online, Offline) – Market Size, Trends, And Global Forecast 2023-2032

The building and road construction equipment refer to self-propelled or towed equipment used directly in building and road construction. The main product types of building and road construction equipment are motor graders, road rollers, wheel loaders, concrete mixers, bulldozers, and other product types. Motor graders are being used to finish grade the rough grading performed by heavy CE like scrapers and bulldozers. The equipment categories are earthmoving equipment, material-handling equipment, heavy construction vehicles, and other equipment categories. The various applications involved are building construction, and road construction. The global building and road construction equipment market is segmented - 1) By Product Type: Motor Graders, Road Roller, Wheel Loaders, Concrete Mixer, Bulldozers, Other Product Types 2) By Equipment Category: Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Other Equipment Categories 3) By Application: Building Construction, Road Construction The global building and road construction equipment market size will grow from $175.54 billion in 2022 to $194.84 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. 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 market size of the global building and road construction equipment is expected to grow to $282.41 billion in 2027 at a CAGR of 9.7%. Infrastructure development in emerging and developed countries propelled the building and road construction equipment market. Emerging and developed countries' governments and private sector are focusing on developing the infrastructure to keep up the GDP, meet the growing population needs, meet the levels of urbanization, and increase connectivity by developing highways and expressways. For instance, the total Indian investment in road construction was worth $22.4 billion with private investment accounting for 14% of the total investments. Furthermore, according to the World Bank, the private sector infrastructure investment commitments for low- and middle-income countries were valued at $76.2 billion in 2021, which was a 49% increase from 2020 globally. Governments and private sectors of developed and emerging sectors focus on infrastructure developments and require high-tech equipment for the construction process to make it easy and less time-consuming which further acts as a major driver for growth of the building and road construction equipment market. Major players in the building and road construction equipment market are AB Volvo, Caterpillar Inc., Komatsu Ltd., Liebherr Group, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Terex Corporation, The Atlas Copco Group, Deere & Company, and Sany Group. The high cost of equipment and initial setup is expected to hinder the building and road construction equipment market. The cost of equipment consists of the purchase price, sales tax, shipping cost, installation cost, and financing charges at the time of acquisition of the equipment. A new full-size excavator can cost between $100,000 and $500,000, where companies are required to make high investments, as the purchase also involve additional costs, adding to the financial burden on companies and hindering the construction and road construction equipment market. The manufacturing companies in building and road construction equipment market are concentrating on upgrading their technologies. The technology advancements aim to increase safety, productivity, and connectivity of equipment and decrease maintenance issues and costs. For instance, in March 2020, Komatsu, a Japan-based construction equipment manufacturer introduced hydraulic excavators*1 equipped with the KomVision Human Detection and Collision Mitigation System the company. The excavators are designed by advancing the 'KomVision' bird-view camera system equipped with conventional models in the Japanese market. The system identifies humans across the excavator and avoids the excavator from moving when the system detects people whenever the excavator starts to travel or swing. In October 2020, Volvo Construction Equipment, a USA-based manufacturer of construction equipment launched Volvo Active Control, an automated grading machine control system available on excavators EC250E, EC220E, and EC300E across North America. This system allows the operators to conveniently get the right depth and angle, reducing grading times by up to 45%. In March 2020, K-Tec Earthmovers Inc. (K-Tec), a Canadian company that manufactures efficient earthmoving scrapers for construction and mining sites merged with Ashland Industries (Ashland), a USA-based manufacturer of earthmoving equipment for the agricultural, industrial, and construction sectors. The merger is expected to allow both companies to offer an extensive product line of earthmoving scrapers in the industry. The combination also expects to provide shorter lead times for customers and accelerated product design and launch. Asia-Pacific was the largest region in the building and road construction equipment market in 2022. Western Europe was the second-largest region in the global building and road construction equipment market share. The regions covered in the global building and road construction equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the building and road construction equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The building and road construction equipment market consists of sales of asphalt mixing plants, forklift trucks, crawler excavators, truck cranes, and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The building and road construction equipment market research report is one of a series of new reports from The Business Research Company that provides building and road construction equipment market statistics, including building and road construction equipment industry global market size, regional shares, competitors with a building and road construction equipment market share, detailed building and road construction equipment market segments, market trends and opportunities, and any further data you may need to thrive in the building and road construction equipment industry. This building and road construction equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Building equipment means all machinery, systems, appliances, equipment, and other equipment in a building or the infrastructure required to operate it. The main types of building equipment contractors are electrical contractors and other wiring installation contractors, plumbing, heating, and air-conditioning contractors, and other building equipment contractors. Plumbing refers to any system that transports fluids for a variety of purposes. To transport fluids, plumbers employ pipes, valves, plumbing fittings, tanks, and other devices. The different service providers include large chain companies and independent contractors and are available in various modes, such as online and offline. The building equipment contractors are involved in residential construction, non-residential building construction, utility system construction, and others. The global building equipment contractors market is segmented - 1) By Type: Electrical Contractors And Other Wiring Installation Contractors, Plumbing, Heating And Air-Conditioning Contractors, Other Building Equipment Contractors 2) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Other Applications 3) By Service Provider: Large Chain Companies, Independent Contractors 4) By Mode: Online, Offline The global building equipment contractors market grew from $2,621.41 billion in 2022 to $2,824.95 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. 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 building equipment contractors market is expected to grow to $3,722.41 billion in 2027 at a CAGR of 7.1%. A rapidly growing urban population is expected to increase the demand for new residential and commercial buildings, during the forecast period. According to the UN World Urbanization Prospects report, globally, it is projected that more than two-thirds (60%) of the world's population will be living in cities by 2050. For instance, large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam, and the Philippines, which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, the urban population in South Asia is expected to grow by 250 million by 2030. This rapid urbanization is expected to boost the demand for new infrastructure and drive the building equipment contractors market during the forecasted period. Major companies in the building equipment contractors market include KONE Corporation, Comfort Systems USA, Inc., Balfour Beatty plc, Fletcher Building Ltd., Vinci SA. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the non-residential building construction market in 2020 as supply chains were disrupted due to trade restrictions and construction activities were affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Construction companies depend on the supply of raw materials and equipment from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, companies had to halt construction activities due to a lack of equipment and raw materials. The outbreak continues to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the non-residential building construction market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Smart wearables are paving their way into the building equipment contractors market and are being used by supervisors for monitoring operations. Wearable technology in the construction industry will not only have value for workers but can also enhance a company’s ability to manage safety. Wearable devices generally include a computer or electronic device worn on the body, personal protective equipment, or clothing. Wearables like the smart cap, badges, and biosensors evaluate real-time data like location, impact, motion, temperature, and vital signs. Microsoft's device, HoloLens, allows users to use augmented or mixed reality on the job site. Users can overlay 3D building plans over a site. The plans are to scale so project managers can actually see how things will work and fit on the site, reducing the rework requirement. For instance, in 2020, the national framework organization Pagabo, with the goal of improving site management and promoting well-being in the construction industry, teamed up with health tech start-up Moodbeam to produce Moodbeam One, a wearable gadget that allows construction workers to collect their mood in real-time. Asia-Pacific was the largest region in the building equipment contractors market in 2022. North America was the second-largest region in the building equipment contractors market. The regions covered in the building equipment contractors report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the building equipment contractors market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The building equipment contractors market includes revenues earned by entities by elevators, escalators, service station equipment, and central vacuum cleaning systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The building equipment contractors market research report is one of a series of new reports from The Business Research Company that provides building equipment contractors market statistics, including building equipment contractors industry global market size, building equipment contractors market regional shares, competitors with a building equipment contractors market share, detailed building equipment contractors market segments, market trends and opportunities, and any further data you may need to thrive in the building equipment contractors industry. This building equipment contractors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the building equipment contractors industry.

The building-integrated photovoltaics refer to solar energy generating products that are perfectly integrated into the building envelope and are a part of building components such as facades, roofs, and windows. Building-integrated photovoltaics (BIPV) serve two main purposes; they act as the building structure's exterior layer while also generating power for on-site usage or export to the grid. This system can save money on materials and electricity, reduce pollution, and increase the architectural appeal of a building. BIPV systems are often introduced between the development phase of a building or deployed during a rebuild of an existing building when one of the wrap components is important to get replaced. The main product types of building-integrated photovoltaics are polycrystalline, thin-film, and others. Thin-film products typically consist of very thin layers of photovoltaically active material put on a glass substrate or a metal substrate using vacuum-deposition manufacturing techniques similar to those used in the architectural glass coating. The various applications include roof, facade, glass, and others used in residential, commercial, and industrial buildings. The global building integrated photovoltaics market is segmented - 1) By Product Type: Polyscrystaline, Thin-Film, Other Product Types 2) By Application: Roof, Facade, Glass, Other Applications 3) By End-User: Residential, Commercial, Industrial The global building-integrated photovoltaics market size grew from $13.18 billion in 2022 to $16.75 billion in 2023 at a compound annual growth rate (CAGR) of 27.1%. 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, causing inflation across goods and services, and affecting many markets across the globe. The market size of the building-integrated photovoltaics is expected to grow to $40.2 billion in 2027 at a CAGR of 24.5%. The increasing demand for zero-energy buildings is expected to fuel the growth of the building-integrated photovoltaics market going forward. Zero-energy buildings combine energy efficiency and renewable energy generation to consume only the amount of energy that can be produced onsite using renewable resources over a certain period of time. The global concern regarding the carbon emissions from buildings and buildings construction is the rising demand for zero-energy buildings. Building-integrated photovoltaics materials provide a reasonable option for building skins and help in achieving zero energy levels in buildings. For instance, according to New Buildings Institute (NBI) 2020 report, the demand for zero-energy buildings in the United States and Canada is increasing at an exponential rate. The number of zero energy and zero waste buildings has nearly doubled to 700, and the total square footage of zero-energy buildings will exceed 62 million square feet in 2020. Therefore, the growing demand for zero-energy buildings will contribute to the growth of the building-integrated photovoltaics market. Major players in the building-integrated photovoltaics market are First Solar Inc., Sharp Corporation, Yingli Solar, Solar Frontier, SunPower Corporation, Hanwha Solar, Renewable Energy Corporation (REC), Panasonic, Kyocera Document Solutions Company, Canadian Solar Inc., Suntech Power Holdings Co. Ltd., Harsha Abakus Solar Private Limited, Ascent Solar Technologies Inc., Greatcell Energy Limited, and Global Solar Energy Inc. The favourable government initiatives to support the adoption of solar energy panel is promoting the growth of the building-integrated photovoltaics system market. Governments around the world are introducing initiatives and investments to support the clean energy transition and reduce the dependency on non-renewable energy sources, including coal and petroleum. Building-integrated photovoltaics systems are integrated into a building during construction and help to capture solar energy and convert it into electricity. For instance, in May 2021, The US Department of Energy (DOE) announced a slew of new initiatives, including $15.5 million in new funding, to assist underrepresented communities in adopting solar energy and developing a diverse and capable workforce. Hence, the supportive government initiatives to adopt solar panels will contribute to the growth of the building-integrated photovoltaics system market going forward. The introduction of new production facilities has emerged as a major trend gaining popularity in the building-integrated photovoltaics market. Major manufacturers operating in the building-integrated photovoltaics sector are focused on introducing new production facilities to meet the growing demand. For instance, in July 2021, Mitrex, a Canada-based solar technology producer of building-integrated photovoltaics (BIPV), has officially opened its new production facilities in Toronto, Ontario. The new facility, which is fully operational, will be the world's largest structure to date to incorporate Mitrex's proprietary solar technology, which includes solar cladding, windows, and railings. The new manufacturing facility features a fully automated production line as well as a custom-built 3D outside wall of the company's cladding technology that spans 100,000 square feet. The first-of-its-kind facility will help Mitrex cement its position as a significant player in the North American and global markets, owing to its R&D activities, production capabilities, and extended supply chain capacity. Asia-Pacific was the largest region in the building-integrated photovoltaics market in 2022. The regions covered in the building-integrated photovoltaics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the building-integrated photovoltaics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The building-integrated photovoltaics market consists of sales of photovoltaic foils, photovoltaic tiles, photovoltaic modules and solar cell glazings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The building-integrated photovoltaics market research report is one of a series of new reports from The Business Research Company that provides building-integrated photovoltaics market statistics, including building-integrated photovoltaics industry global market size, regional shares, competitors with a building-integrated photovoltaics market share, detailed building-integrated photovoltaics market segments, market trends and opportunities, and any further data you may need to thrive in the building-integrated photovoltaics industry. This building-integrated photovoltaics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Foundation, structure, and building exterior contractors are subcontractors that specialize in a certain component of a construction project and perform tasks that are specific to building construction such as excavation, demolition, roofing, etc. using a detailed design and plan. The main types of foundation, structure, and building exterior contractors market are excavation and demolition, roofing, concrete work, and water well drilling. Water well drilling contractors bore holes in the ground to access natural water supplies. They drill irrigation wells, business or industrial wells, and wells for residences not supplied by municipal water systems. The different service providers include large chain companies and independent contractors and are available in various modes, such as online and offline. It is used in several applications, including residential building construction, non-residential building construction, and others. The global foundation, structure, and building exterior contractors market is segmented - 1) By Type: Excavation And Demolition, Roofing, Concrete Work, Water Well Drilling 2) By Application: Residential Building Construction, Nonresidential Building Construction, Other Applications 3) By Service Provider: Large Chain Companies, Independent Contractors 4) By Mode: Online, Offline The global foundation, structure, and building exterior contractors market grew from $1,092.54 billion in 2022 to $1,152.7 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. 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 foundation, structure, and building exterior contractors market is expected to grow to $1,384.36 billion in 2027 at a CAGR of 4.7%. A rapidly growing urban population is expected to increase the demand for new residential and commercial land during the forecast period. According to the UN World Urbanization Prospects report, globally, it is projected that more than two-thirds (60%) of the world's population will be living in cities by 2050. For instance, large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam, and the Philippines, which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, the urban population in South Asia is expected to grow by 250 million by 2030. This rapid urbanisation is expected to boost the demand for new infrastructure and drive the foundation, structure, and building exterior contractors market during the forecast period. Major companies in the foundation, structure, and building exterior contractors market include Shimizu Corporation, Carlisle Companies Inc., Peab AB, Ncc AB, PT United Tractors Tbk. Health and safety issues have always been a major concern in the foundation, structure, and building exterior contractor industries. Construction activities always face worker safety issues with them working at heights, working in confined spaces, working underground and in close proximity to falling materials; handling loads manually; handling hazardous substances; using plant and equipment; fire, and exposure to live cables. For instance, according to 25 Construction Safety Statistics for 2021, the American construction industry comprises 6% of the US workers but witnesses around 20% of the fatalities, the highest number of fatalities compared to any other industry. Inadequate safety and health measures have a negative impact on both the foundation, structure, and building's exterior contractor and built environments, resulting in fatalities, injuries, and diseases. Contractors are offering building-integrated photovoltaic (BIPV) glazing technology for the generation of electricity. A BIPV system consists of solar cells or modules that are integrated into building elements or materials as part of the building structure. Traditionally, photovoltaic systems are found on rooftops that have small surface areas. Whereas BIPV photovoltaic cells are integrated directly into cladding materials, shingles or windows, enabling almost any building component, including the roof, façade, windows, canopies, or balcony railings, to generate solar electricity. Thus, BIPV-installed buildings can self-generate a larger portion of their electricity from a free and clean energy source. AGC Inc., Avenston Group, BELECTRIC, BiPVco, and Canadian Solar are examples of companies working on building-integrated photovoltaics. Asia-Pacific was the largest region in the foundation, structure, and building exterior contractors market in 2022. 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 and Africa. The countries covered in the foundation, structure, and building exterior contractors market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The foundation, structure, and building exterior contractors market include revenues earned by entities by additions, alterations, maintenance, and repairs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The foundation, structure, and building exterior contractors market research report is one of a series of new reports from The Business Research Company that provides the foundation, structure, and building exterior contractors market statistics, including foundation, structure, and building exterior contractors industry global market size, regional shares, competitors with a foundation, structure, and building exterior contractors market share, detailed foundation, structure, and building exterior contractors market segments, market trends and opportunities, and any further data you may need to thrive in the foundation, structure, and building exterior contractors industry. This foundation, structure, and building exterior contractors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Building materials and garden equipment and supplies dealers are sellers that are engaged in retailing specialized lines of new building materials, such as lumber, fencing, glass, doors, plumbing fixtures and supplies, electrical supplies, prefabricated buildings and kits, and kitchen and bath cabinets and countertops to be installed. The main types of building materials and garden equipment and supplies dealers are building materials and supplies dealers, lawn and garden equipment, and supplies stores. Lawn and garden equipment and supplies stores sell products that include lawn and garden equipment, furniture, and products related to the cultivation of flowers, vegetables, and so on. The main ownership types are retail chains and independent retailers, each having different types of stores that include exclusive retailers/showrooms and inclusive retailers/dealer stores. The global building material and garden equipment and supplies dealers market is segmented - 1) By Type: Building Material and Supplies Dealers, Lawn and Garden Equipment and Supplies Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store The global building material and garden equipment and supplies dealers market size will grow from $1,427.99 billion in 2022 to $1,546.1 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. 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 size of building material and garden equipment and supplies dealers market is expected to grow to $2,036.98 billion in 2027 at a CAGR of 7.1%. The building materials and garden equipment and supplies dealers market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to International Monetary Fund (IMF), the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during the forecast period. Major companies in the building material and garden equipment and supplies dealers market include the home depot, Lowe's Companies Inc., Wesfarmers Ltd., Falabella S.A., Rewe Group, Steinhoff International Holdings N.V., Ace Hardware Corporation, and Beijing Easyhome Investment Holding Group Co.Ltd. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the building materials and garden equipment and supplies market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the building materials and garden equipment and supplies dealers market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. With rising awareness regarding environmental pollution, the demand for green building materials is increasing. Green building materials are sustainable, have a low carbon footprint, and help reduce exposure to toxic chemicals in residences and workplaces. These materials are moisture-resistant, energy-efficient, easy to maintain and create less production waste. As people become aware of polluting and hazardous construction materials, the industry accommodates organic architecture and biodegradable materials in the design of homes and commercial spaces. Consumers now demand safer products. For instance, American consumers are increasingly opting for sustainable building materials that are locally made, refurbished or remanufactured, and resilient to natural disasters. North America was the largest region in the building material and garden equipment and supplies dealers market in 2022. Asia-Pacific was the second-largest region in the building material and garden equipment and supplies dealers market. The regions covered in the building material and garden equipment and supplies dealers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the building material and garden equipment and supplies dealers market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The building materials and garden equipment and supplies dealers market include revenues earned by entities by providing services through producers and wholesale distributors. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The building material and garden equipment and supplies dealers market research report is one of a series of new reports from The Business Research Company that provides building material and garden equipment and supplies dealers market statistics, including building material and garden equipment and supplies dealers industry global market size, regional shares, competitors with a building material and garden equipment and supplies dealers market share, detailed building material and garden equipment and supplies dealers market segments, market trends and opportunities, and any further data you may need to thrive in the building material and garden equipment and supplies dealers industry. This building materials and garden equipment and supplies dealers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Buildings construction is the process of building, altering, repairing, improving, or demolishing residential and non-residential buildings or structures using a detailed design and plan. The main types of building construction are residential building construction and non-residential building construction. Non-residential structures comprise non-residential structures as well as fixtures, facilities, and equipment that are integral to the structures as well as site clearance and preparation costs. The different types of buildings include smart buildings, traditional buildings, and those used by private and public industries. The global buildings construction market is segmented - 1) By Type: Residential Building Construction, Nonresidential Building Construction 2) By End User Sector: Private, Public 3) By Building Type: Smart Buildings, Traditional Buildings Subsegments Covered: Single-Family Housing Construction (Individual Houses), Multifamily Housing Construction (Apartments), New Housing For-Sale Builders, Residential Remodelers, Institutional Buildings, Commercial Buildings The global buildings construction market grew from $7079.99 billion in 2022 to $7557.41 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. 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 buildings construction market is expected to grow to $9596.54 billion in 2027 at a CAGR of 6.2%. The population profile of most countries is becoming older, which is increasing the demand for elderly-friendly infrastructure. For instance, according to World Health Organization (WHO), an specialized government agency, between 2020 to 2050, the number of people with 80 years of age or older is expected to triple and reach to 426 million and by 2050, the number of people aged 60 and over will double to reach 2.1 billion So, the demand for infrastructural improvements that are "elderly" friendly will increase during the forecast period. Houses and the wider surroundings had to be adapted to be made safer and more inclusive. Better residential as well as non-residential buildings had to be made more accessible to the elderly. This resulted in increased building construction activity. Major companies in the building construction market include China State Construction Engineering Corporation Ltd., China Evergrande Group, Country Garden Holdings Co Ltd., Sunac China Holdings Ltd., Greenland Holding Group. Building construction costs are increasing steadily due to rising material costs. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil. A key component of asphalt, increased by 58% in 2021 from the year 2020. According to the latest Producer Price Index (PPI) released by the Bureau of Labour Statistics, in the US, prices paid for items used in residential construction jumped 1.7% in April 2021 and have increased by 12.4% over the last 12 months. According to the National Association of Home Builders (NAHB), softwood lumber prices jumped 6.5 percent in April 2021, marking a new high for the third month in a row. Lumber prices have risen by 52.0 percent since November 2020. High material prices will adversely affect the building construction market during the forecast period. Building construction companies are increasingly using green construction techniques to build energy-efficient buildings and reduce construction costs. Green construction refers to the practise of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. In the UK, certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled materials are being widely used in the UK. Other green construction techniques such as cross-ventilation for a more natural environment, green construction software such as Construction Suite to ensure green compliance, and the Green Globes management tool are also being used in the construction industry. For instance, some major companies using green construction techniques include Turner Construction Co., Clark Group, AECOM, Hensel Phelps, and Holder Construction. Asia-Pacific was the largest region in the building construction market in 2022. North America was the second-largest region in the building construction market. The regions covered in the building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the building construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The building construction market includes revenues earned by entities by constructing buildings such as hotels, houses, apartments, restaurants, schools, sports, offices, hospitals, governments, and other buildings. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The building construction market research report is one of a series of new reports from The Business Research Company that provides building construction market statistics, including building construction industry global market size, building construction market regional shares, competitors with a building construction market share, detailed building construction market segments, building construction market trends and opportunities, and any further data you may need to thrive in the building construction industry. This building construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the building construction industry.

Building thermal insulation refers to thermal insulation that prevents heat from moving from one substance to another when they are in thermal contact. The thermal conductivity of insulation serves as a measurement and is accomplished using low thermally conductive materials. The main types of materials in the building thermal insulation market are foamed plastic, mineral wool, aerogels, cellulose, and others. Glass wool refers to an insulating material produced from glass fibers bound together with a binder to create a texture similar to wool. Glass wool is used to slow the movement of sound, heat, and cold through buildings. The different products include glass wool, mineral wool, expanded polystyrene (EPS), extruded polystyrene (XPS), and others that are used in roof insulation, wall insulation, and floor insulation. The several end users include residential, commercial, and industrial. The global building thermal insulation market is segmented - 1) By Material: Foamed Plastic, Mineral Wool, Aerogels, Cellulose, Other Materials 2) By Product: Glass Wool, Mineral Wool, Expanded polystyrene (EPS), Extruded polystyrene (XPS), Other Products 3) By Application: Roof Insulation, Wall Insulation, Floor Insulation 4) By End Use: Residential, Commercial, Industrial The global building thermal insulation market size grew from $29.04 billion in 2022 to $30.37 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. 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 market size of the building thermal insulation is expected to grow to $34.56 billion in 2027 at a CAGR of 3.3%. The increase in the construction of green buildings is expected to propel the growth of the building thermal insulation market going forward. A green building minimizes or eliminates harmful effects on the climate and natural environment during design, construction, or operation. Green structures don’t affect natural resources and raise the standard of living. Building thermal insulation is used in the construction of green buildings to make them more energy efficient, and it also helps to keep the building cool naturally. For instance, according to Times Property, an India-based e-commerce property sales, and purchase platform, in 2020, construction of green buildings increased in India. There was a 37% increase in buildings with green certification. Further, according to CBRE, a US-based commercial real estate company, the overall amount of green assets in India has increased to nearly 40%. Further, according to the Singapore Green Building Council, a Singapore-based government organization, for the year 2021, 49% of Singapore’s buildings have been greened, and it is estimated to increase by 80% in 2030. Therefore, an increase in the construction of green buildings is driving the growth of the building thermal insulation market. Major players in the building thermal insulation market are Johns Manville, Saint-Gobain S.A, BASF SE, Kingspan Group PLC, Owens Corning, Huntsman International LLC, Rockwool A/S, GAF Materials Corporation, Knauf Insulation, Firestone Building Products, Cabot Corporation, Dow Silicones Corporation, Covestro AG, URSA Insulation, Paroc Group Oy, Atlas Roofing Corporation, KCC Corporation, Beijing New Building Materials Public Limited Company, Trocellen GmbH, Lapolla Industries Inc., NICHIAS Corporation, Fletcher Building Limited, Lloyd Insulations India Ltd., and ODE Insulation. Technological advancement is a key trend gaining popularity in the building thermal insulation market. Major companies operating in the building thermal insulation sector are focused on introducing new technologies to gain a competitive advantage. For instance, in March 2022, ACC Ltd., an India-based building material manufacturer introduced a new product called the ACC Atrium, a thermal insulating climate control concrete system manufactured by using based insulating technology a unique technology that can insulate the roof while it is being built. The product, with its thermal insulation, is suitable to be used for residential and commercial construction purposes and is sustainable and fire-resistant. In August 2021, Owens Corning, a US-based company that creates and manufactures fiberglass composites, roofing, insulation, and related materials, acquired Vliepa GmbH for an undisclosed amount. Through this acquisition, Owens Corning has expanded its worldwide nonwoven range and better supported European customers and regional growth in building and industrial insulation. Vliepa GMBH is a Germany-based company that manufactures insulation, roofing membranes, and thermal roofing construction. Asia-Pacific was the largest region in the building thermal insulation market in 2022. The regions covered in the building thermal insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the building thermal insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The building thermal insulation market consists of sales of polyurethane foam and fiberglass. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The building thermal insulation market research report is one of a series of new reports from The Business Research Company that provides building thermal insulation market statistics, including building thermal insulation industry global market size, regional shares, competitors with a building thermal insulation market share, detailed building thermal insulation market segments, market trends and opportunities, and any further data you may need to thrive in the building thermal insulation industry. This building thermal insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The building inspection services market consists of the sales of building inspection services by entities (organizations, sole traders and partnerships) that evaluate all aspects of the building structure and component systems and prepare a report on the physical condition of the property, generally for buyers or others involved in real estate transactions. The main types of services in building inspection services are home inspection services, specific element inspection services, commercial building inspection services and others. Home inspection is enlisting the help of specialised firms or licenced personnel to conduct a complete examination of the property in order to identify any structural or mechanical problems. The different source types include in-house services, outsourced services and is used in various applications such as residential, commercial, others. The global building inspection services market is expected to grow from $11.35 billion in 2021 to $12.82 billion in 2022 at a compound annual growth rate (CAGR) of 13.0%. The growth in the building inspection services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $19.75 billion in 2026 at a CAGR of 11.4%. Rising urbanization around the world is expected to drive the building inspection services market. Increase in number of individuals moving to urban areas for employment, better lifestyles, and opportunities led to an expansion in urban areas. According to the United Nations Department of Economic and Social Affairs, about 4.4 billion people live in urban areas in 2020 and is projected to rise to 6.7 billion by 2050. Urbanization has increased the availability of affordable housing, infrastructure, and essential services. As infrastructure grows, it requires laws and legislation to determine the safety of buildings to prevent hazards and to provide the public with safe buildings that building inspection services can help with. Thus, increasing urbanization is a major factor that contributes to the growth of the demand for building inspection services market. Labor shortage is expected to hinder the building inspection services market. Finding labor for conducting building inspections is difficult particularly with specific skills. For instance, the San Jose’s fire department, in September 2020, reported there is a shortage of staff for conducting fire audits for new buildings. In 2019, the Philadelphia Department of Licenses and Inspections called for 800 more inspectors for building inspections. This staff crunch directly affects the reputation as they fail to cater to timely service and the revenue of the company as they are unable to take up more numerous inspections and thereby hinder the building inspection services market. Companies and governments are developing and employing drones for building inspections. Drones, also known as unmanned aerial vehicles (UAVs) or unmanned aircraft systems (UASs) are a flying robot that can be controlled remotely or independently operated through software-controlled flight plans in its embedded systems, working in conjunction with onboard sensors and GPS systems. Drones enable building inspections safer, faster as well as more cost-effective. In October 2020, Singapore analytics and acoustic technologies company H3 Zoom. AI started using drones for building inspection and facility management after realizing that the city's highly urban environment delayed digital technology disruption. Moreover, in September 2020, New York City Council has passed a bill to explore the use of drones for building facade inspections. In December 2020, Applus+, a Sapin based company that provides testing and inspection services acquired SAFCO Group for an undisclosed amount. Through this acquisition Applus+ will be able to increase its service portfolio in Middle East. SAFCO Group is a Saudi Arabia based company that provides building inspection services. Major players in the building inspection services market are AmeriSpec Inspection Services, HouseMaster Home Inspections, National Property Inspections, Pillar to Post Home Inspectors and WIN Home Inspections. The regions covered in the building inspection services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the building inspection services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global building inspection services market is segmented - 1) By Service: Home Inspection Services, Specific Element Inspection Services, Commercial Building Inspection Services, Others 2) By Application: Residential, Commercial, Others 3) By Sourcing Type: In-house services, Outsourced services