Building Construction Market By Type (Residential, Non-residential), By Construction Type (New Construction, Renovation), By Application (Owned, Rental), By End User (Private, Public): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global building construction market was valued at $5,412.8 billion in 2021, and is projected to reach $11,121.9 billion by 2031, registering a CAGR of 7.4% from 2022 to 2031. The scope of building construction market includes, revenue generated by sales of ready-mix concrete, precast product, and components for construction of buildings and other infrastructure. Building construction includes the construction of new buildings, demolition of buildings, and making necessary alterations to the existing building.
Rise in new construction projects and redevelopment or repairing of old buildings is the major driving factor for the growth of the building construction market. In addition, adoption of certain green building materials saves a lot of construction time as well as avoids wastage of material, further giving cost effective solution. Moreover, development of manufacturing technology along with new and advanced machinery drives the building construction market around the globe.
However, high investments to initially setup new manufacturing facility for construction materials acts as a restraint for the market growth. Moreover, rise in use of sustainable building material hinders the growth of the building construction market.
On the contrary, rise in development plans in emerging countries is expected to act as an opportunity for the building construction market growth during the forecast period.
The building construction market is segmented on the basis of type, end user, construction type, application, and region. On the basis of type, it is further classified into residential and non-residential. By end user, it is divided into private and public. By construction type, it is categorized into owned and rental. Based on application, it is categorized into new construction and renovation. Region-wise, the building construction market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in the global building construction market include, ACS, Actividades De Construction Services, Bouygues SA, China Evergrande Group, China State Construction Engineering Corporation Ltd., Country Garden Holdings Co. Ltd., Daiwa House Group, D.R. Horton Inc., Greenland Holding Group, HOCHTIEF, Lennar Corporation, Power Construction Corp of China, Skanska, Sunac China Holdings Ltd., The Metallurgical Corp of China, and VINCI.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the building construction market by type analysis from 2021 to 2031 to identify the prevailing building construction market by type opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the building construction market by type segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global building construction market by type trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Residential
Non-residential
By Construction Type
New Construction
Renovation
By Application
Owned
Rental
By End User
Private
Public
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ACS, ACTIVIDADES DE Construction Services
Bouygues SA
China Evergrande Group
China State Construction Engineering Corporation Ltd.
Country Garden Holdings Co. Ltd.
Daiwa House Group
D.R. Horton Inc.
Greenland Holding Group
HOCHTIEF
Lennar Corporation
Power Construction Corp of China
SKANSKA
Sunac China Holdings Ltd.
The Metallurgical Corp of China
Vinci
DLF
Shapoorji Pallonji
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