Global Other Specialty Trade Contractors Market

The multi-family residential green buildings market consists of sales of multi-family residential green buildings and related services for occupation or rentals by households. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact, throughout a building`s life-cycle from siting to design, construction, operation, maintenance, renovation, and deconstruction. The global multi-family residential green buildings market is expected to decline from $47.5 billion in 2019 and to $45.01 billion in 2020 at a compound annual growth rate (CAGR) of -5.2%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $53.8 billion in 2023 at a CAGR of 6.1%. The multifamily housing green buildings market covered in this report is segmented by type into new constructions, remodeling projects. Customers are more informed of the benefits and cost savings in the long run from sustainable and net-zero homes. Homebuyers are now well informed and are acknowledging the reference to healthier homes, quality construction, and high performance. As per a report by The National Association of Home Builders’ (NAHB) authoritative in 2017, multi-family builders and remodelers said operating efficiency and long-term utility cost savings are the reason customers are convinced to invest in green construction of homes. Therefore customer awareness on factors such as environmental impacts, sustainability, and long term cost savings is driving the growth of the Multi-family residential green building market. Higher costs hinder the buyer and the supplier to invest more in Multi-family residential green buildings. Green buildings cost higher than conventional homes and requires more initial investment. High costs to construction firms would result in high costs to the buyers. As per a report of the National Association of Home Builders (NAHB) in 2017, building green homes costs 5% to 10% more than traditional homes to the builders. However, more than one-third of the remodelers reported costs higher than 10%. In addition to this, the majority of owners rent these homes and the renters enjoy the benefits of a green home for no additional premium. This perception is further restraining the homeowners to expend more on green buildings. Consumers and Builders are targeting towards achieving more sustainable homes with a focus on minimizing carbon footprint by promoting self-sustainable homes, termed as Net-zero homes. A Net Zero home produces energy through various domestic renewable energy technologies such as solar panels, micro wind turbines, sinkholes, compost gas for its requirements. It aims to produce at least as much energy as it consumes. According to a report from the National Association of Home Builders (NAHB) in 2017, the number of builders reporting to have built net-zero homes has increased from 21% in 2015 to 29% in 2017. Around 36% of multi-family home builders are building their homes green, 80% of them are dedicated green home builders with more than 90% of their projects green. The green builders are expected to grow to 47% by 2022 and are investing more in this segment. These statistics show us an increasing trend of Net-zero homes in the Residential construction market. On 17th Oct 2018, Structure Tone Inc., a New York-based green construction company, has acquired Ajax Building Corporation for an undisclosed amount. The acquisition was aimed to help Structure tone expand construction services to a global base and this acquisition expands its reach into the southeast US. Ajax Building Corporation is a construction company that offers services to build design, construction management, and building information modeling.

The single-family housing green buildings market consists of construction, sales and maintenance of sustainable (green) single-family residential buildings, and related services for households. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact throughout a building`s life-cycle (design, construction, maintenance, operation, renovation and deconstruction). The global single-family residential green buildings market is expected to decline from $119.63 billion in 2019 and to $116.46 billion in 2020 at a compound annual growth rate (CAGR) of -2.65%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The criteria for green building constructions are expected to change in preparedness to prevent and control such pandemic diseases in the coming years. The market is expected to recover and reach $150.95 billion in 2023 at a CAGR of 9.03%. North America was the largest region in the nonresidential green building market in 2019. Asia Pacific is expected to be the fastest-growing region in the forecast period. The single-family housing green buildings market covered in this report is segmented by type into new constructions, remodeling projects. Greater consumer interest has contributed to the growth of single-family residential green buildings. Customers, particularly millennials, are showing more interest in sustainable and net-zero energy homes considering the environmental concerns as sustainable (green) building design include the use of natural and renewable sources. The increased awareness of the benefits associated with sustainable green practices such as less exposure to toxins and contaminants from building materials, reduced air pollution inside the residence, and improved environmental health/quality is propelling the market growth. Higher costs, in general, hinder the buyer and the supplier to invest more in any market. The same applies to single-family homes which are very expensive compared to other homes. The high cost associated with green features and practices is a potential barrier to the expansion of the green building market. Green features and practices add 5 to 10% to construction costs and also increase remodeling costs by more than 10 percent. Additionally, meeting high energy efficiency regulations can increase costs by $600 to $1,000 per unit. On top of these, obtaining green building certifications can also add significantly to the cost. Therefore, addressing the high costs for green features and practices will be essential to ensure that green building practices continue to expand. Consumers and builders are targeting towards achieving more sustainable homes and are focusing on minimizing carbon footprint by developing self-sustainable homes, termed as Net-zero homes. A Net-zero home produces its own energy locally and should aim to produce at least as much energy as it consumes. From 2015 to2017, the number of builders reporting to have built net-zero homes has increased from 21% to 29%, according to a report from NAHB. About 44% of builders shown interest in building a net-zero home in the next 2 years. These statistics show a trend of Net-zero homes in the residential construction market. H.I.G. European Capital Partners (“H.I.G.”), the European arm of leading global private equity investment firm H.I.G. Capital, has completed the acquisition of a majority stake in the Austro-German Hanlo Group through the newly founded Green Building Group. The aim of the Green Building Group GmbH is to become a European leader in environmentally friendly prefabricated construction through internal growth and further acquisitions. Hanlo is a market leader in prefabricated construction in the German-speaking region with a turnover of over EUR 60 million. As a pioneer in its sector, the company benefits from over 35 years of experience.

The modular and prefabricated non-residential building construction market consists of sales of modular and prefabricated buildings and related services for non-residential use. The global modular and prefabricated nonresidential building construction market is expected grow from $43.61 billion in 2020 to $58.19 billion in 2021 at a compound annual growth rate (CAGR) of 33.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while 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 $85.23 billion in 2025 at a CAGR of 10%. The modular and prefabricated non-residential building construction market covered in this report is segmented by type into standard metal, agricultural metal, modular nonmetal, panelized precast nonmetal and by application into institutional, industrial, commercial, agricultural. The global modular and prefabricated nonresidential building construction market is expected to grow in the forecast period due to an increase in urbanization and industrialization. According to the world economic forum, in 2020, 56.2 percent of the world population was urban. Urban populations made up the highest share in Northern American countries-83.6 percent of residents lived in cities in 2020. As per World Urbanization Prospects by the United Nations, the largest urban growth will take place in India, China, and Nigeria. The rapid growth and development of urban housing demand more precise planning timelines and reduced prices. Due to this, construction firms are adopting cost-effective, proven technologies of precast to ensure the highest standards and uniform quality, which can be met by prefabricated technology. The construction industry is considered to be slow and conservative in adopting innovative and new technologies. The construction sector comprises numerous small suppliers and the R&D budget is also limited in comparison to other sectors. In developing or underdeveloped countries of the Asia Pacific region as well as in Africa and South America, people are less aware of this construction method, the advantages it offers and the recyclability of modular buildings. Therefore, it is important to educate consumers regarding the positive effects of modular construction on the environment and the way it can contribute to a healthy lifestyle. Cross-laminated timber (CLT) is one of the promising technologies in the timber construction segment of the wood industry. The demand for CLT is increasing in non-residential building construction such as schools, restaurants, stores, and warehouses which is used as an alternative to steel and concrete because wood is evolving as a low-cost alternative. In the construction industry, 3D printing can be used to create construction components or to print entire buildings. 3D printing construction is majorly used for building complex components for private, commercial and industrial construction. It provides advantages such as low labor costs, faster construction, and higher accuracy. The DFAB House is the world’s first inhabited house which was both digitally planned and built. Launched in February 2019, this project was done by professors at ETH Zurich in cooperation with industrial partners, carried out with the help of robots and 3D printers. In April 2019, Oldcastle Architectural Products (APG), North America's leading manufacturer and supplier of concrete masonry, dry mix and hardscape products acquired Allied Concrete Products. This acquisition enhanced hardscape and masonry offerings and service for customers from DC to the Carolinas. Allied Concrete Products is a family-owned manufacturer of high-quality masonry units and a supplier of masonry supplies throughout Central Virginia and Tidewater. The major players covered in the global modular and prefabricated nonresidential building construction market are Algeco Scotsman, Butler Manufacturing Company, Inc., Champion Home Builders, Inc., Red Sea Housing, Lindal Cedar Homes, Kirby Building Systems, Alan Pre-Fab Building Corp., ALHO Systembau GmbH, Allied Modular Building Systems Inc., American Buildings Company, Brytex Building Systems Inc., Cadolto Fertiggebaude GmbH & Co. KG, Consolis Service Co SA NV, Flexator AB, Lester Building Systems, LLC, Madison Industries Inc., NCI Building Systems, Inc., Normerica Building Systems, Inc., Nucor Building Systems, Rollalong Ltd., United Structures of America Inc., Varco Pruden Buildings, Inc., Whitley Manufacturing Company, Inc., Yves Cougnaud S.A., Katerra. The countries covered in the global modular and prefabricated nonresidential building construction market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global modular and prefabricated nonresidential building construction market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global modular and prefabricated nonresidential building construction market is segmented - 1) By Type: Standard Metal, Agricultural Metal, Modular Nonmetal, Panelized Precast Nonmetal 2) By Application: Institutional, Industrial, Commercial, Agricultural 3) By End User: Private, Public

The multifamily modular and prefabricated housing construction market consists of sales revenue earned by companies that are engaged in the construction of multifamily modular and prefabricated homes. Modular construction is a process wherein units are built and inspected offsite in a manufacturing facility while podium, foundation, and infrastructure are built onsite. This method is used to increase housing production by accelerating construction time and reducing construction costs. The global multifamily modular and prefabricated housing construction market is expected grow from $17.09 billion in 2020 to $21.34 billion in 2021 at a compound annual growth rate (CAGR) of 24.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while 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 $27.73 billion in 2025 at a CAGR of 7%. The multifamily modular and prefabricated housing construction market covered in this report is segmented by type into permanent, relocatable, and by material into steel, precast concrete, wood, plastic, others. The benefits associated with modular construction is projected to contribute to the growth of the multifamily modular and prefabricated housing construction market. There are multiple advantages offered by modular and factory-built housing such as cost and time saving, reducing material wastage, assembly-line quality control, reduced strain on the site neighbourhood, and construction safety. According to the Modular Construction for Multifamily Affordable Housing report published in February 2018, the manufacturers report 20% of cost-saving and 40-50% of time-saving along with the reduced cost for on-site labor and construction materials. Therefore, advantages associated with the modular and prefabricated construction are anticipated to increase the focus of multinational construction companies on modular housing construction, generating higher revenue for the multifamily modular and prefabricated housing construction market during the forecast period. The transportation of prefabricated and huge structures along with the weight restrictions imposed by several country governments is predicted to limit the growth of the multifamily modular and prefabricated housing construction market during the period. Trucking modules and shipping them over long distances is a major challenge faced by the modular and prefabricated housing construction companies. Moreover, weight restrictions imposed by governments are expected to restraint the growth of the market during the forthcoming years. For instance, the Washington State Department of Transportation guide lists the criteria for determining the maximum weight of the truck. This scenario is projected to serve as a major challenge for industry players in the near future. Initiatives by governments across countries to promote sustainable buildings and wastage reduction along with mandating the use of modular and prefabricated systems is a major trend shaping the growth of the multifamily modular and prefabricated housing construction market. According to The Building and Construction Authority (BCA), a Singapore government agency website, the Singapore government mandated Prefabricated Prefinished Volumetric Construction (PPVC) acceptance framework to be used at development sites. PPVC suppliers and manufacturers are instructed to ensure that their PPVC systems and in-built bathrooms meet the PPVC performance requirements. Thus, the rising government initiatives to promote green buildings and the use of modular housing is expected to remain a key trend for the industry. In May 2018, Bouygues Batiment International, a subsidiary of Bouygues Construction, announced the acquisition of AW Edwards Pty Limited, an Australian construction company, for an undisclosed amount. With the acquisition, Bouygues Construction is aiming towards strengthening its position in the construction market in Australia. AW Edwards Pty Limited was founded in 1921 and is engaged in providing construction services for private, public, government, and institutional clients. The major players covered in the global multifamily modular and prefabricated housing construction market are Guerdon Modular Buildings, ATCO, Laing O'Rourke, Red Sea International Company, VINCI Construction Grands Projets, Bouygues Construction, Skanska AB, KLEUSBERG GmbH & Co. KG, Algeco, Katerra, Lendlease Corporation, Blokable, Inc., ConXtech, Inc., Cover Construction (Ross) Ltd., nHouse Ltd., Connect Homes, Blu Homes, Inc., PopUp House, Cube Haus, Kiss House, Plant Prefab,Inc., Blokable, Revolution Precrafted Properties Limited. The countries covered in the global multifamily modular and prefabricated housing construction market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global multifamily modular and prefabricated housing construction market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global multifamily modular and prefabricated housing construction market is segmented - 1) By Type: Permanent, Relocatable 2) By Material: Steel, Precast Concrete, Wood, Plastic, Others

The single-family modular and prefabricated housing construction market consists of sales of single-family modular and prefabricated houses and related services that are used in residential, commercial, and industrial sectors. Modular construction is a method in which, through managed plant circumstances, a building is developed off-site using the same resources and constructing the same codes and specifications as conventionally designed structures but in about half the time. All modular buildings are prefabricated, but all prefabricated buildings might or might not be modular. The global single-family modular and prefabricated housing construction market is expected grow from $62.52 billion in 2020 to $79.61 billion in 2021 at a compound annual growth rate (CAGR) of 27.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while 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 $112.09 billion in 2025 at a CAGR of 9%. The single-family modular and prefabricated housing construction market covered in this report is segmented by type into permanent; re-locatable. The significant focus on cost savings is a key factor driving the growth of the single-family modular and prefabricated housing construction market. Modular design can minimize project deadlines by as much as 50% as well as costs by 20%. They lead to increased productivity, lower employment expenses associated with purchasing units along a production line. According to a report on modular construction, in Europe and the US, the modular market value in new real-estate construction is expected to reach $130 billion by 2030 delivering an annual cost saving of $20 billion. Therefore, the significant cost saving is expected to drive the growth of the single-family modular and prefabricated housing construction market. The risks associated with transportation is a key factor impacting the growth of the single-family modular and prefabricated housing construction market. As modules are prefabricated in a factory away from the worksite, they must either be transported specifically to the construction site or assembled in a surrounding venue and then set up. The transporters and operators must be extremely cautious with each module, if one fails during transportation the entire module may require major repairs or replacements. So, it is necessary for transport and rigging businesses to make a serious effort to trace the routes and plan the mechanics to transfer the modules along their path. For instance, a construction project in Philadelphia had modular arrived, positioned, and set relatively smoothly but interior drywall was cracked due to the raising of the modules. In 2020, GS Engineering & Construction (E&C), a global construction company based in South Korea agreed to acquire Danwood SA, a wooden modular housing company in Poland for a deal amount of $155 million from an Enterprise investor. Through this acquisition, GS E&S plans to enter the European modular housing market by utilizing the strengthen, networks, and technology of Danwood SA. Danwood SA is a pioneer in wooden single-family houses. The major players covered in the global single-family modular and prefabricated housing construction market are Red Sea Housing Services, Skanska AB, Bouygues Construction, ACS Actividades de Construcción y Servicios SA, Lindal Cedar Homes Inc., Kiewit Corporation, Balfour Beatty Plc., Taisei Corporation, System House R & C Co. Ltd, Larsen & Toubro Limited, Algeco Scotsman, Skyline Champion Corporation, Kirby Building Systems LLC, Butler Manufacturing, Astron Buildings, Modular Engineering, Niko Prefab Building Systems Pvt Ltd, Par-Kut International, Schulte Building Systems Inc., United Partition Systems Inc., Vardhman Pre-Engineered Building Systems, Laing O'Rourke, Palomar Modular Buildings, Guerdon Enterprises LLC, JL Modular Inc., Julius Berger Nigeria PLC, Katerra, Speed House Group of Companies, Supertech Industries LLC, Tempohousing, Cavco Industries Inc. The countries covered in the global single-family modular and prefabricated housing construction market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global single-family modular and prefabricated housing construction market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global single-family modular and prefabricated housing construction market is segmented - 1) By Type: Permanent, Re-locatable 2) By Material: Steel, Wood, Concrete, Others 3) By Application: Residential, Commercial, Industrial

The smart apartments market consists of sales of smart apartments and related services. Smart apartments have connectivity to smart amenities such as smart lights, smart locks, integrated services like home cleaning within an apartment. The smart apartment comprises smart devices such as smart locks, smart thermostats, smart lights, smart TVs, blinds, cameras and kitchen appliances. A smart apartment also involves the use of technology that can be reprogrammed frequently based on the resident's lease agreements. The global smart apartments market is expected grow from $1.67 billion in 2020 to $1.87 billion in 2021 at a compound annual growth rate (CAGR) of 12%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while 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 $2.68 billion in 2025 at a CAGR of 9%. The smart apartments market covered in this report is segmented by product into building management system (BMS); heating, ventilating, and air conditioning (HVAC); lighting control; security and access control; emergency alarm and evacuation system; audio and visual effects. The smart apartments market is driven by the increased use of IoT (Internet of Things) devices by people in every aspect of their daily routine. IoT involves sending and receiving data by a network of sensors, appliances, meters and other devices. The IoT-enabled sensors and devices are used to increase the efficiency of the appliances in a smart apartment making it more efficient, sustainable, safer such as a few IoT-enabled sensors are capable of automatically turning the lights on after sensing the presence in a room thus adding a distinctive attribute to the smart apartments. Thus, the increased adoption of IoT technology boosts the growth of the smart apartments market. For instance, the global spending on IoT across markets was estimated to be more than $1 trillion in 2020. Thus, the increased demand for IoT devices that help ease the lifestyle boosts the growth of the smart apartments market. The risk of potential cyber-attack leading to a breach in privacy restricts the growth of the smart apartments market. A smart apartment uses a complex network of devices connected over the internet that uses sensors and controllers which are used to control the ventilation systems, heating systems, lighting, water, video surveillance systems, alarms, and other critical functions. Thus, any security breach caused due to malicious cyber-attack affects the remote monitoring of temperature, system performance, and other variables of a smart building and intruding privacy of the residents. Any breach in cybersecurity of a smart apartment may result in the exploitation of remote access privileges to gain access to the facility. For instance, in 2019, a lawsuit was filed against Ring, a USA-based Amazon-owned provider of home security and smart home, where the plaintiff claimed that his Ring smart video doorbell was hacked by a hacker from outside. The hacker used it to communicate with the plaintiff's family members. The incident raises issues regarding the safety of smart appliances installed in smart residential buildings. Thus, the growth of the smart apartments market is restricted by the risk of cyber-attack causing privacy breach. The concept of using an apartment as a service (AaaS) is the latest trend driving the smart apartments market. In the apartment as a service concept (AaaS), fully furnished smart apartments are rented for very short to long periods of stays. It helps to offer a cost-effective solution for tenants to live in a smart apartment. Using apartment as a service enables the rental operators to streamline their operations and costs thus enhancing the resident’s experience and discovering new revenue streams for the owner. For instance, there are more than one million serviced apartment units in the world. Also, as reported by Entrata, a USA based provider of property management software, in the USA, almost 57% of apartment tenants can pay up to $20 per month if smart technology was installed in an apartment. In 2019, Control4 Corporation, a USA-based provider of automation and networking systems for homes and businesses, acquired NEEO for an undisclosed amount. Through the acquisition, Control4 Corporation aims to expand its product line by adding remotes, touch panels, keypads, and other smart home devices from NEEO’s product portfolio. NEEO is a Switzerland based provider of home automation, electronics, consumer electronics, and smart home automation. The major players covered in the global smart apartments market are Pulte Group, Meritage Homes, Shea Homes, Lennar Homes, Metricon, Porter Davis, Henley, Carlisle. The countries covered in the global smart apartments market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global smart apartments market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global smart apartments market is segmented - 1) By Product: Building Management System (BMS), Heating, Ventilating, And Air Conditioning (HVAC), Lighting Control, Security And Access Control, Emergency Alarm And Evacuation System, Audio And Visual Effects 2) By Application: Residential, Hotel, Other

The smart buildings (nonresidential buildings) market consists of sales of smart buildings (nonresidential buildings) and related services. Smart buildings have automated processes and increase operational efficiency of a non-residential, commercial as well as industrial buildings. The smart building (nonresidential buildings) involves the use of sensors, actuators, microchips to automatically control the processes of the building such as heating, ventilation, air conditioning, lighting, security and other systems. The global smart buildings (nonresidential buildings) market is expected grow from $36.42 billion in 2020 to $42.08 billion in 2021 at a compound annual growth rate (CAGR) of 15.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while 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 $59.3 billion in 2025 at a CAGR of 9%. The smart buildings (nonresidential buildings) market covered in this report is segmented by automation type into intelligent security system; building energy management system; infrastructure management system; network management system. The smart building (nonresidential) market is driven by the increasing demand to automate tasks by using IoT (Internet of Things) devices. IoT involves sending and receiving data by a network of sensors, appliances, meters and other devices in a smart building. The IoT enabled sensors and devices are used to increase the efficiency of the appliances in a smart building making it more efficient, sustainable, safer such as a few IoT enabled sensors are capable of automatically turning the lights on sensing the presence in a room thus adding a distinctive attribute to the smart building. Thus, the increased adoption of IoT technology boosts growth of the smart building market. For instance, the IoT-based connected devices used in smart commercial buildings was an estimated of 151 million units. Thus, the increased use of IoT devices in smart building increases the growth of the smart building market. The risk of potential cyber-attack restricts the growth of the smart buildings (nonresidential) market. A smart building uses a complex network of devices connected over internet that uses sensors and controllers used to control the elevators, ventilation systems, heating systems, lighting, water, video surveillance systems, alarms, and other critical functions. Thus, any security breach caused due to malicious cyber-attack affects the remote monitoring of temperature, system performance, and other variables of a smart building as a whole thus restraining the smart buildings market. Any breach in cyber security of a smart office building may result in the exploitation of remote access privileges to gain access to the facility. For instance, the cyber attackers used false emails to gain access to the software network of German steel mill and eventually destroyed the production management software by destroying human machine interaction points, the blast furnace systems causing significant operational damage. Further, as reported by Kaspersky, in 2019, in Italy 48.5% of all smart buildings were affected by cyberattacks leading to the loss of control over the computers that control smart building automation systems. Thus, the growth of smart buildings (nonresidential) market is restricted by the risk of cyber causing operational damage. The use of 5G technology is the latest trend in the smart building (nonresidential) market. 5G technology is the upcoming cellular technology that reduces the time it takes for devices over wireless network to communicate with each other. 5G implementation in smart buildings will considerably enhance the usage of wireless edge devices providing rich multimedia experiences. 5G will also improve the security check applications for a commercial building. For smart hospital buildings, the use of 5G is estimated to improve the wayfinding that will enable smart wheelchairs and beds to move immobile patients. Following the trend in 2019, Ericsson, a Sweden-based networking and telecommunications company, announced investing $100 million to develop a smart factory in Texas implementing 5G technology by 2020. The factory is expected to manufacture advanced antenna system radios to enable rapid 5G deployments. The use of 5G technology is expected to improve the connectivity in smart buildings thus, forming a trend that is witnessing a huge capital investment by the major players in the smart building market. In 2018, Panasonic, a Japan based electrical equipment company, entered into a definitive partnership with Schneider Electric for building energy management for commercial buildings. Through this partnership Panasonic’s AC Smart Connectivity solution is integrated with Schneider Electric's EcoStruxture Building Solution and Intelligent Room Controllers to provide smart building solution. The new integrated solution optimizes the energy consumption thus reducing the operating costs for building operators. Schneider Electric is a multinational corporation that is based in France and provides electrical solutions globally. The major players covered in the global smart buildings (nonresidential buildings) market are PCl Construction, Skanska, Arabian Construction Company, Besix, Spire Realty Group, Lendlease, Vinci, Bechtel, Balfourbeatty, Bouygues, The Royal BAM Group, Laing O'Rourke, China State Construction Engineering, L&T Construction, Turner Construction Company, Grupoacs, Hochtief, Bouygues Construction. The countries covered in the global smart buildings (nonresidential buildings) market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global smart buildings (nonresidential buildings) market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global smart buildings (nonresidential buildings) market is segmented - 1) By Automation Type: Intelligent Security System, Building Energy Management System, Infrastructure Management System, Network Management System 2) By Application: Government, Airports, Hospitals, Institutes Manufacturing & Industrial Facilities, Others 3) By Product Type: Institutional Buildings, Commercial Buildings

The 3D printing building construction market consists of the sales revenue earned by entities (organizations, sole traders, and partnerships) that construct buildings through 3D printers and offer related services. 3D printing or additive manufacturing is a computer-controlled sequential layering of materials to create three-dimensional shapes. In the construction industry, 3D printing is used to build components of building or to create a whole building. It helps to construct faster and more accurate structures with reduced labor costs and less wastage. The global 3D printing building construction market is expected to grow from $3.8 million in 2020 to $4.63 million in 2021 at a compound annual growth rate (CAGR) of 21.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while 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 $329.01 million in 2025 at a CAGR of 190%. The 3D printing building construction market covered in this report is segmented by construction into modular; full building. The capability to build complex structures within a stipulated time for a reasonable cost is a major factor driving the demand for 3D printing building construction market. 3D printing building construction is cost-effective, saves time, provides more precision, safe, cuts labour costs, is environmentally friendly, and easily helps build complex building structures. According to 3D Natives Magazine published in January 2018, 3D printing in construction is economical in terms of material usage when compared with the traditional manufacturing process. Moreover, 3D printing reduces the labour costs by 50%-80%, production time by 50%-70%, and construction waste by 30%-60%. Therefore, the economic benefits offered by 3D printing construction is expected to significantly boost the market growth. A high initial capital investment requirement is anticipated to impact the growth of the 3D printing building construction market over the coming years. The high cost of 3D printers and their maintenance is a major challenge for industry players. According to Winsun 3D Builders, a 3D printing construction company, the high initial investment of 3D concrete printers is currently at a level that requires high capital and decent construction projects in order to support small and medium companies to overcome the capital requirements for expansion and growth. The requirement of high initial capital to set up the process is expected to hinder the growth of the 3D printing building construction market in the forecast period. Increasing flexibility in 3D printing operations using advanced software is a major trend shaping the growth of the 3D printing building construction market. In November 2019, AMFG, a UK-based provider of MES software, announced the strategic partnership with EOS to enable machine connectivity and end-to-end workflow automation for additive manufacturing. The companies together plan to offer customers the management of their entire additive manufacturing operations with AFMG’s Manufacturing Execution System (MES) and direct connectivity to machines with the software platform. EOS is a technology supplier in the field of industrial 3D printing of polymers and metals. In January 2019, Apis Cor, a company engaged in 3D printing in construction, announced a strategic collaboration with Gerdau, supplier of long and special steel worldwide. The collaboration is aimed at accelerating Apis Cor’s ability of 3D printing in the construction industry in the USA and South America. Gerdau previously supported Apis Cor in the “3D printing habitat challenge” organized by NASA. Gerdau was founded in 1901 and is a long steel producer based in Brazil. The major players covered in the global 3D printing building construction market are XtreeE, Winsun (Yingchuang Building Technique), Skanska, Apis Cor, Al build, Branch Technology, Zhuoda Group, Cazza Construction Company, Contour Crafting Corporation, Monolite UK, Sika, Cybe Construction, Mx3D, Centro Sviluppo Progetti, Icon, Imprimere Ag, BatiPrint, Be More 3D, WASP, CSP s.r.l. (Italy), Monolite UK (UK), Imprimere Ag, Al build, Branch Technology, Zhuoda Group, Cazza Costruction Company, COBOD International A/S, SQ4D. The countries covered in the global 3D printing building construction market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global 3D printing building construction market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global 3D printing building construction market is segmented - 1) By Construction: Modular, Full Building 2) By Process: Extrusion, Powder Bonding, Others 3) By Printing Material: Concrete, Plastic, Metal, Hybrid, Others 4) By End User: Residential, Commercial, Industrial