Press release
Building Finishing Contractors Market Expected to Grow $1398.6 Billion By 2023 | Covid 19 Impact And Recovery
Building Finishing Contractors Market
The global building finishing contractors market is expected to decline from $1158.5 billion in 2019 to $1146.5 billion in 2020 at a compound annual growth rate (CAGR) of -1.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $1398.6 billion in 2023.
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The building finishing contractors market consists of the sales revenues earned by entities (organizations, sole traders and partnerships) that undertake the specialty trades needed to finish buildings. The work performed may include new work, additions, alterations, maintenance, and repairs. Building finishing contractors include drywall and insulation contractors, painting and wall covering contractors, flooring contractors, tile and terrazzo contractors, finish carpentry contractors and other building finishing contractors. The work performed includes new work, additions, alterations, maintenance, and repairs.
Building Finishing Contractors are increasingly using digital technologies such as smart phones, RFID tagging and software to improve labor productivity, safety and cost control. Mobile phones help workers to share information on jobsites and file reports about the building progress. RFID tagging is used for material handling and to track field personnel. For example, MaxCon Software is specifically designed for roofing contractors. Mobile apps such as Red-Trac, Labor Sync and Timesheet Mobile provide construction-specific services to contractors.
Building Finishing Contractors Market Segmentation: -
By Type
Drywall And Insulation Contractors
Painting And Wall Covering Contractors
Flooring Contractors
Tile And Terrazzo Contractors
Finish Carpentry Contractors
Other Building Finishing Contractors
By Residential Building Construction
Residential Building Construction
Nonresidential Building Construction
Utility System Construction
Others
By Service Provider
Large Chain Companies
Independent Contractors
By Mode
Online
Offline
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Building Finishing Contractors Market Characteristics
4. Building Finishing Contractors Market Product Analysis
5. Building Finishing Contractors Market Supply Chain
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.
.
20. Key Mergers And Acquisitions In The Building Finishing Contractors Market
21. Market Background: Specialty Trade Contractors Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the Building Finishing Contractors Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Building Finishing Contractors Market are APi Group Inc; Performance Contracting Group Inc; Cleveland Construction Inc; Irex Corp of Lancaster
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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