Skip to main content

TBRC’s Non-Residential Building Construction industry research report covers market growth, segments, trends and opportunities for companies to better strategize.

LONDON, May 24, 2022 /PRNewswire/ — Asia-Pacific was the largest region in the global non-residential building construction marketrepresenting 42.4% of the total in 2021. It was followed by North America, Western Europe, then the other regions. Going forward, the fastest growing regions in the non-residential building construction market will be Africa and Asia Pacific, where growth will be at CAGRs of 17.3% and 9.2% respectively. These will be followed by Eastern Europe and South America where the markets are expected to grow at CAGRs of 8.92% and 8.86% respectively, during the period 2021-2026.

the global non-residential building construction market size should go from $2675.51 billion in 2021 for $2989.95 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The growth of the non-residential building construction market is mainly due to the reorganization of business activities and the recovery from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational difficulties. The non-residential building construction market is expected to reach $4484.30 billion in 2026 at a CAGR of 10.7%.

Request a Free Sample Non-Residential Construction Market Report

Durability is key

Non-residential building construction companies are increasingly using green building techniques to construct energy-efficient buildings and reduce construction costs. Green building refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to the World Green Building Trends Survey, approximately 60% of construction companies worldwide were involved in green building projects. Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies develop sustainable, high-performance residential and commercial buildings, and also provide a variety of benefits, from tax deductions to marketing opportunities. Sustainable building materials such as natural paints and steel beams made from recycled materials are widely used in the UK. Other green building techniques such as cross ventilation for a more natural environment, green building software such as Construction Suite to ensure green compliance and the Green Globes management tool are also used in the construction industry.

Advanced Technology = Efficiency

Non-residential building construction companies use robotics to increase productivity, to get the job done faster, cheaper, and with finer detail. Construction robots are automated machines that help with construction. Technology of San Francisco Startup Built Robotics enables construction machinery such as excavators and bulldozers to operate autonomously. A growing range of robotic equipment can take on specialized construction tasks, including welding, drilling and bricklaying. For example, more than four in five construction companies (81%) globally say they plan to introduce robots into their operations over the next decade, partly in response to a growing skills crisis experienced by 91% of ‘between them.

The key players and their strategies

The non-residential building construction market is highly fragmented, with a large number of small players. The top ten market competitors accounted for 4.73% of the total market in 2021. Major market players are China State Construction Engineering Co., Ltd., Shanghai Construction Group Co., Ltd., Hochtief AG, Vinci SA, Bouygues SA and Greenland Holding Group.

Strategies adopted by players in the non-residential building construction market include emphasis on expansion of presence through contracts and agreements, expansion of product portfolio, expansion of activities by working on new projects around the world and a focus on strengthening the product portfolio by introducing advanced products needed for construction.

Learn more about Non-Residential Building Construction market report

Check out similar market reports:

Global Construction and Road Construction Equipment Market Report 2022 – By Product Type (Graders, Road Rollers, Wheel Loaders, Concrete Mixer, Bulldozers, Other Product Types), By Equipment Category (Earth-Moving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Equipment Categories), By Application (Building Construction, Road Construction) – Global Market Size, Trends & Forecast 2022-2026

Global Construction Equipment Contractors Market Report 2022 – By Type (Electrical and Other Wiring Installation Contractors, Plumbing, Heating and Air Conditioning Contractors), By Application (Residential Building Construction, Non-Residential Building Construction, construction of utility systems), by service provider (large chain enterprises, independent contractors), by mode (online, offline) – Global market size, trends and forecasts 2022-2026

Global Construction & Demolition Waste Management Market Report 2022 – By Service (Collection, Recycling, Landfill, Incineration), By Company (Construction, Renovation, Demolition), By Waste (Inert, Wood, Cardboard, Plastic, Glass, Others), by Application (Commercial Buildings, Residential Buildings) – Global Market Size, Trends and Forecast 2022-2026

Want to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in business, market and consumer research. With locations around the world, it has strategic enablers in a wide range of industries, including manufacturing, healthcare, financial services, chemicals and technology.

The most comprehensive database in the world

The flagship product of the Business Research Company, Global market model, is a market information platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess gaps between supply and demand.

Contact information

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]

Quote Show original content:

SOURCE The Trade Research Society