Education Buildings Market Size, Insights, Outlook, Overview And Report To 2024-2033

The education buildings market size has grown steadily in recent years. It will grow from $611.03 billion in 2023 to $628.81 billion in 2024 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in number of private colleges and universities, increase in renovation activities and rise in construction activities.

The education buildings market size is expected to see steady growth in the next few years. It will grow to $711.72 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to rising number of schools, increasing government support, globalization of education, global population growth and urbanization. Major trends in the forecast period include prioritizing environmentally conscious construction by incorporating energy-efficient designs, renewable energy sources and eco-friendly materials, incorporating modular construction methods, investing in state-of-the-art infrastructure to support technology-enhanced learning experiences and increasing investments.

Market Overview -
An education building is a building designed for various primary, secondary, or higher education activities, and sometimes the building includes space for students to live.

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Rising School Enrollment Fuels Demand For Educational Buildings Market Growth

The increasing number of schools is expected to propel the growth of the educational buildings market going forward. The school refers to a type of educational facility created to offer classrooms and other learning settings and materials for educating students. Schools demand educational buildings for establishing classrooms, laboratories, equipment, and other educational infrastructure. Hence, the increasing number of schools will increase the demand for educational buildings. For instance, In the United States, there are approximately 84,000 public schools spread across nearly 100,000 individual buildings. It is anticipated that the total student enrollment in these schools will reach 56.8 million by the year 2026. Therefore, the increasing number of schools is driving the growth of the educational buildings market going forward.

Competitive Landscape -

Major companies operating in the education buildings market report are Skanska AB, Hochtief AG, Balfour Beatty plc, DPR Construction, AECOM Technology, STO Building Group, McCarthy Holdings, Inc, HDR Inc, Gilbane, Inc, Gensler, Nikken Sekkei, Padmavathi Infra Developers, Md Khaja Moinuddin Ansari Works Contractor, M/s Maa Laxmi Enterprises, Gold Mantis Construction Decoration Co. Ltd, China State Construction Engineering Corporation (CSCEC), Vinci SA, Bouygues Construction, Züblin, ACS Group, Ferrovial, NCC AB, Salini Impregilo, Astaldi, Kier Group, Group of Companies PIK, LSR Group, Rönesans Holding, Mosinzhproekt, S.C. PORR Construct, Budimex, STRABAG Sp. z o.o, Polimex-Mostostal, Metrostav, Turner Construction Company, PCL Construction, Mortenson, EllisDon Corporation, Aecon Group Inc, Bird Construction, Empresas ICA, Odebrecht Engenharia e Construção, Andrade Gutierrez, Camargo Corrêa, Mendes Júnior Engenharia, Techint Engineering & Construction, IECSA, SalfaCorp, Constructora Bolívar, Graña y Montero, Cosapi, Arabtec Construction LLC, Alec Engineering and Contracting, M/s Khansaheb Civil Engineering L.L.C., ASGC Construction LLC, Saudi Binladin Group (SBG), Saudi Oger Limited, Aveng Grinaker-LTA, Orascom Construction, Alexandria Construction, Stefanutti Stocks

Rising Adoption Of Robotics Revolutionizing Education Buildings Construction
The adoption of robotics in construction is a key trend gaining popularity in the education buildings market. Robotics refers to a branch of science that involves designing, manufacturing, and use of robots to perform various simple and difficult tasks done by humans traditionally. Robotics in the construction industry is used to increase work efficiency reduce labor work and environmental impact and build educational buildings fast. For instance, in March 2022, Rugged Robotics, a US-based developer of construction technology, raised $9.4 million in funding to automate construction layouts. The company offers a 'Rugged Robotics Mark I' robot that can mark engineering designs onto concrete floors directly and is available for commercial use. This robot enables the workers to know where to start construction.

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Key Segments -

The education buildings market covered in this report is segmented -

1) By Type: New Construction, Repair And Maintenance, Refurbishment, Demolition
2) By Application: Schools, Institutions
3) By End-User: Private, Public

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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