Commercial Construction Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global commercial construction market is anticipated to grow at a CAGR of 5.8% during the forecast period (2022-2028). The major driving force behind the growth of the commercial construction market is urbanization in emerging economies. The increase in private sector investments in commercial space by the developed countries is propelling the growth in the market. As the global population is influenced by sports and fitness, the demand for commercial sports complexes globally increased. As well as the exposure of the business and the reach of multinational businesses are reaching into different parts of the globe which is aiding the growth of the commercial construction market. For instance, Evergrande Center in Shenzhen, a 71 floored building named Shenzhen Bay Super Headquarters City is under construction in China, which is going to be used functionally as an office.

People are always looking for investment opportunities across the globe, as in the current situation with the Russian invasion of Ukraine, the stocks and commodities market are not looking promising, and against all odds, the real estate business is growing at a rapid pace, directly positively impacting commercial construction market. Additionally, the enhanced construction equipment and technologies are aiding in the growth. There is a positive trend in the graph after COVID-19, which shows people are now looking for self-occupation, which eventually requires commercial space for business, hence the market for commercial construction is going to grow in the forecast period.

Some major players in the market include ACS, Actividades De Construcción Y Servicios, S.A., Bouygues S.A., China Jin Mao Group Co. Ltd HOCHTIEF Aktiengesellschaft, VINCI, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.
Few Constructions Activities
•For instance, BESIX takes up the construction work of Uptown Tower in Dubai, a 340m tower is under construction which will have 78 floors and has a functionality of offices and hotel, it is going to complete in late 2022.
•In 2021, China Jin Mao Group Co. Ltd started construction of HeXi Yuzui Tower A in Nanjing, an 85 floored building solely for offices.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A., Bouygues S.A., China Communications Construction Company Limit, HOCHTIEF Aktiengesellschaft, VINCI, among others.

A full report Commercial Construction Market of is available at:  https://orionmarketreports.com/commercial-construction-market/96968/

Global Commercial Construction Market Report by Segment
By Type
•New Construction
•Repair & Maintenance
•Refurbishment & Demolition
By Application
•Leisure & Hospitality Buildings
•Office Buildings
•Sports Complex
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 

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This release was published on openPR.