The Global Non-Residential Building Construction Market Report by Trade Research Company identifies a rapidly growing urban population that is expected to increase the demand for new residential and commercial buildings during the forecast period. According to the United Nations World Urbanization Prospects report, globally, more than two-thirds (60%) of the world’s population is expected to live in cities by 2050. Big Opportunities are expected to show up 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 increase by 250 million by 2030. This rapid urbanization is expected to drive the demand for new infrastructure and boost the market for non-residential building construction over the forecast period. .
The global non-residential building construction market grew from $2,675.51 billion in 2021 to $2,984.71 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The Russian-Ukrainian war has 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 against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. The non-residential building construction market is expected to reach $4,055.62 billion in 2026 at a CAGR of 8.0%.
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Asia Pacific was the largest non-residential building construction market region in 2021. North America was the second largest non-residential building construction market region. Regions covered in the global Non-residential Building Construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the non-residential building construction market are Shanghai Construction Group Co., Ltd. ; Bouygues SA; Greenland Holding Group; Obayashi Society; Daiwa House Group.
The global non-residential building construction market is segmented –
1) By type: Institutional buildings, Commercial buildings
2) By end-user sector: private, public
3) By building type: non-residential smart buildings, traditional buildings
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Non-Residential Building Construction Market report content includes
2. Structure of the report
3. Characteristics of the non-residential building construction market
4. Non-Residential Building Construction Market Product Analysis
5. Non-residential building construction market supply chain
22. Major mergers and acquisitions in the non-residential building construction market
23. Market Context: Building Construction Market
26. Copyright and Disclaimer
This report covers market trends and dynamics of the Non-residential Building Construction market in major countries – Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and United States. The report also includes consumer surveys and various future opportunities for the market.
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