Commercial Research Company Global Non-Residential Building Construction Market Report 2022: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, UK, August 30, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Global Non-residential Building Construction Market Report 2022”, the size of the non-residential building construction market is expected to grow from $2.67 trillion in 2021 to 2 $.99 trillion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The Growth of the non-residential building construction market is primarily due to businesses reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive lockdown measures involving social distancing, remote working and business closures business that resulted in operational challenges. The non-residential building construction market is expected to reach $4.48 trillion in 2026 at a CAGR of 10.7%. A rapidly growing urban population is expected to increase the demand for new residential and commercial buildings over the forecast period.
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Main trends in the non-residential building construction market
Trends in the non-residential building construction industry include companies 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 impact on the environment. According to the Global 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 .
Overview of the non-residential building construction market
The non-residential building construction market comprises sales of non-residential building construction services and related goods by entities (organizations, sole proprietorships, and partnerships) that construct non-residential buildings (including new construction, additions, alterations, maintenance and repairs). Establishments in this market include non-residential general contractors, non-residential builders for sale, non-residential design-build companies, and non-residential project management companies. The non-residential building market includes new work, additions, alterations, maintenance and repairs.
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TBRC Global Non-Residential Building Construction Market Report 2022 covers the following insights:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
• By type: institutional buildings, commercial buildings
• By end-user sector: private, public
• By building type: non-residential smart buildings, traditional buildings
• By Geography: Global Non-residential Building Construction market analysis report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest market share.
Major market players such as Shanghai Construction Group Co., Ltd., Bouygues SA, Greenland Holding Group, Obayashi Corporation and Daiwa House Group.
Trends, opportunities, strategies and much more.
The Global Non-Residential Building Construction Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides an overview of the global Non-Residential Building Construction Market. The market report analyzes the global non-residential building construction market size, global non-residential building construction market growth drivers, global non-residential building construction market segments, major players in the global non-residential building construction market, non-residential building construction market growth across all geographies, and non-residential building construction market competitor revenue. and market positioning. The Non-Residential Building Construction market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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The Business Research Company has published over 3,000 industry reports covering over 3,000 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with a detailed analysis of the impact of COVID-19 on various markets.