Global Specialty Trade Contractors Market Analysis, Trends and Dynamic Demand by Forecast 2023 to 2032 | The Metallurgical Corp of China, KONE Corporation, Vinci SA, Fletcher Building Ltd., Comfort Systems USA

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Specialty Trade Contractors market report by The Business Research Company, The specialty trade contractor market's growth in the forecast period will be mainly driven by the increase in construction activity in emerging markets. Emerging markets that registered robust construction activity included China, Brazil, India, Saudi Arabia, and Indonesia. For instance, according to the National Bureau of Statistics, construction output contributed for 25.9% of China's GDP in 2020, up from 6.2% in 2019.

The global specialty trade contractors market grew from $5415.13 billion in 2022 to $5783.04 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The specialty trade contractors market is expected to grow to $7350.26 billion in 2027 at a CAGR of 6.2%

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Major competitors in the Specialty Trade Contractors market include The Metallurgical Corp of China, KONE Corporation, Vinci SA, Fletcher Building Ltd., Comfort Systems USA, Inc.

The Specialty Trade Contractors Market is segmented -

• By Type: Foundation, Structure, And Building Exterior Contractors, Building Equipment Contractors, Building Finishing Contractors, Other Specialty Trade Contractors
• By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Other Applications
• By Ownership: Chained, Standalone
• By Mode: Online, Offline. Asia-Pacific was the largest region in the specialty trade contractors market in 2022

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Specialty trade contractors are subcontractors that specialize in a certain component of a construction project and perform tasks that are specific to building construction.

The main types of specialty trade contractors are foundation, structure, and building exterior contractors; building equipment contractors; building finishing contractors; and other specialty trade contractors. Foundation, structure, and construction exterior contractors work in the speciality trades required to finish a building's basic structure (foundation, frame, and shell). The services are available in offline and online mode and are owned by chained and standalone owners.

The Table Of Content For The Specialty Trade Contractors Market Include:

1. Executive Summary
2. Report Structure
3. Specialty Trade Contractors Market Characteristics
4. Specialty Trade Contractors Market Product Analysis
5. Specialty Trade Contractors Market Supply Chain
……
22. Key Mergers And Acquisitions In The Specialty Trade Contractors Market
23. Market Background: Construction Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer

The "Global Specialty Trade Contractors Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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