Residential Building Construction Industry Show Exponential Growth of $6,800.9 billion by 2022

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Global residential building construction market growth outlook is positive with significant growth potential for single-family housing construction and multifamily housing units. There is mounting pressure to reduce costs, improve quality and satisfy customers as it has been moving from a providerdriven model to a consumer-driven model. At the same time, emerging market growth, low interest rate environment, rising disposable income, rapid urbanization, rising population, technological advances is driving the residential building construction market.

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The market for residential building construction reached a value of nearly REDACTED in 2017 and is expected to grow at a compound annual growth rate (CAGR) of REDACTED to nearly REDACTED by 2022. The market for residential building construction is highly fragmented with a few large players dominating the market. Major players in the market include China State Construction Engineering Co., Ltd.., Country Garden Holdings, DR Horton, Lennar Corporation and Pulte Groupothers.

Multi-family building construction accounted for the largest share of the market for residential building construction market in 2017 at REDACTED. The highest growth is also projected to come from multi-family building construction, which is forecasted to grow at a CAGR of REDACTED. Major factors included government investments in affordable housing, rising disposable income, rapid urbanization and lowinterest rates.

Asia-Pacific is the largest market for residential building construction, accounting for REDACTED of the globalmarket. It was followed by North America, and Western Europe. Going forward, North America is expected to witness the fastest growth in the residential building construction market, estimated at a CAGR of REDACTED, followed by the Africa, which is expected to grow at a CAGR of REDACTED.

China is the largest market in terms of value and is driving the market for residential building construction. The UK and the USA are forecasted to have the fastest growth, growing at a CAGR of REDACTED and REDACTED, respectively.

The market is challenged by restraints such as uncertain market conditions, shortage of skilled manpower and stringent government regulations.

Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Currencies
Geographic Breakdown
Analyst's Credentials
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Residential Building Construction Market Characteristics
Chapter 4 Residential Building Construction Market Size and Growth
Historic Market Growth
Drivers of the Market
Restraints on the Market
Forecast Market Growth
Drivers of the Market

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Restraints on the Market
Chapter 5 Residential Building Construction Market Trends and Strategies
Use of Autonomous Construction Vehicles to Improve Productivity
Prefabricated Homes
Chapter 6 PESTLE Analysis
Political
Economic
Lowering Interest Rates
Globalization
Emerging Markets
Social
Continue...

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