Covid-19 Impact On Nonresidential Building Construction Market 2020-2030 Trends With Top Key Players Clark Construction Group, Turner Construction, Whiting-Turner Contracting, Balfour Beatty, China State Construction Engineering Corporation

The Business Research Company offers "Nonresidential Building Construction Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global nonresidential building construction market is expected to decline from $2752.9 billion in 2019 to $2737.1 billion in 2020 at a compound annual growth rate (CAGR) of -0.6%. 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 8% from 2021 and reach $3378.5 billion in 2023.

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The non-residential building construction market consists of the sales revenues earned by entities (organizations, sole traders and partnerships) that construct non-residential buildings (including new work, additions, alterations, maintenance, and repairs). The establishments in this market include non-residential general contractors, non-residential for-sale builders, non-residential design-build firms, and non-residential project construction management firms. The non-residential building market includes new work, additions, alterations, maintenance, and repairs.

Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey 2015, about 51% of construction firms in the UK were involved in green construction projects. Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK.

Nonresidential Building Construction Market Segmentation: -
By Type
Institutional Buildings
Commercial Buildings

By End User Sector
Private
Public

By Building Type
Non-residential Smart Buildings
Traditional Buildings

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Nonresidential Building Construction Market Characteristics
4. Nonresidential Building Construction Market Product Analysis
5. Nonresidential Building Construction Market Supply Chain
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21. Key Mergers And Acquisitions In The Nonresidential Building Construction Market
22. Market Background: Buildings Construction Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the Nonresidential Building Construction 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 Nonresidential Building Construction Market are Clark Construction Group, Turner Construction, Whiting-Turner Contracting, Balfour Beatty, China State Construction Engineering Corporation.

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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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