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Retail And Other Commercial Buildings Global Market Report 2024 - By Report, Size, Share, Industry Trends, Forecast To 2033
Retail And Other Commercial Buildings Market
As per the report, the retail and other commercial buildings market size has grown steadily in recent years. It will grow from $409.69 billion in 2023 to $422.45 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The retail and other commercial buildings market size is expected to see steady growth in the next few years. It will grow to $481.01 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%.
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Retail Space Boom Fuels Expansion In Retail And Commercial Buildings Market
The strong growth in retail space is expected to propel the development of the retail and other commercial buildings market going forward. Retail space is commercial space for selling goods or services to customers, such as shopping centers, strip malls, and stand-alone stores. The expansion of major retailers such as Amazon, Walmart, and Target has driven strong growth in the retail space. This growth will drive new construction of retails and other such structures construction. For instance, in July 2022, according to the Wall Street Journal, a US-based business and economic-focused international daily newspaper, Amazon, a US-based e-commerce company accelerated the expansion of its warehouse space to meet consumer demand. The warehouse space increased from 165 million square feet to 379 million square feet. Furthermore, in 2022, WeWork India, an India-based space-as-a-service platform, taken 3.62 lakh square feet lease of office space as part of its expansion plan for flexible workspace. Therefore, the strong growth in retail space is driving the growth of the retail and other commercial buildings market.
Innovative Solutions Reshape Retail And Commercial Construction
Product innovation is a key trend gaining popularity in the retail and other commercial buildings market. Major companies operating in the retail and other commercial buildings market are focused on developing innovative solutions to strengthen their position in the market. For instance, in February 2023, Contruent, a US-based capital project management solution company for large construction projects, launched Contruent Enterprise, a SaaS-based solution that empowers owners and engineering, procurement, and construction to complete projects quickly and more precisely. The software improves scheduling and budget management of the construction projects with a customizable dashboard and other components such as integrated cost and schedule, engineering, contract management, and field management.
The retail and other commercial buildings market covered in this report is segmented -
1) By Building Type: Smart Buildings, Traditional Buildings
2) By Application: Residential Buildings, Non-Residential Buildings
3) By End-User: Offices, Retail, Leisure, Other End-Users
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Major companies operating in the retail and other commercial buildings market report are Kneeland Construction Corporation, JL Schwieters Construction, Bechtel Corporation, Fluor Corporation, The Whiting-Turner Contracting Company, Emcor Group Inc., Turner Construction Co., Gilbane Building Company, Hensel Phelps Construction Co., The Walsh Group, Balfour Beatty Inc., Swinerton Inc., McCarthy Building Companies, Dunn Construction Group Inc., Holder Construction Group LLC, CBRE Group Inc., Cushman & Wakefield plc, Jones Lang LaSalle Incorporated, Colliers International India Property Services Pvt Ltd., Lincoln Property Company, Hines Interests Limited, Prologis Inc., Newmark Group Inc., Kimco Realty Corporation, Kittle Property Group Inc., Houlihan-Parnes Realtors LLC, Brookfield Properties Pvt. Ltd., Robert A.M. Stern Architects LLP, Elkus Manfredi Architects, M. Arthur Gensler Jr. & Associates Inc., Tishman Speyer Properties L.P., Fischerwerke GmbH & Co. KG, Lewis Management Corp., Neoscape Inc. .
Contents of the report:
1. Executive Summary
2. Retail And Other Commercial Buildings Market Report Structure
3. Retail And Other Commercial Buildings Market Trends And Strategies
4. Retail And Other Commercial Buildings Market - Macro Economic Scenario
5. Retail And Other Commercial Buildings Market Size And Growth
…..
27. Retail And Other Commercial Buildings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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