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Retail Buildings Market Report 2024: Growth, Trends, Analysis, Demand, Forecast 2033
Retail Buildings Market Report
As per the report, the retail buildings market size has grown steadily in recent years. It will grow from $309.16 billion in 2023 to $318.07 billion in 2024 at a compound annual growth rate (CAGR) of 2.9%. The retail buildings market size is expected to see steady growth in the next few years. It will grow to $359 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%.
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Commercial Sector Expansion Fuels Global Growth In Retail Buildings Market
The globally expanding commercial sector is expected to propel the growth of the retail buildings market going forward. The commercial sector refers to a sector that comprises enterprises' service-providing facilities and equipment, federal, state, and local governments, and other private and public organizations such as religious, social, or fraternal organizations. Retail facilities are part of the commercial sector. So, the growth of the commercial sector increases the construction of retail buildings. For instance, in June 2021, according to GOV.UK, a UK-based public sector information website, by the end of March 2021, there were 4,716,126 company registers, which is an increase of 8.4% from the end of March 2020. From 2020 to 2021, 810,316 new businesses were registered, a 21.8% increase from 2019 to 2020. Therefore, the globally expanding commercial sector is driving the retail buildings market.
Technology Adoption In The Retail Buildings Market
Technology adoption is a key trend gaining popularity in the retail buildings market. Major companies operating in the retail buildings market are focused on adopting innovative technologies to strengthen their position in the market. For instance, in December 2022, Stereolabs Inc., a US-based company that offers 3D depth and motion sensing solutions based on stereo vision and artificial intelligence, launched ZED-X, the world's first 3D robot camera with a new SDK (software development kit) and control for multiple cameras. ZED-X is created for robotic process automation and navigation in challenging indoor and outdoor locations. The ZED-X is powered and supported by Stereolabs' comprehensive software ecosystem, which opens the door to quick commercial implementations of robots in construction.
The retail buildings market covered in this report is segmented -
1) By Type: Buildings Construction, Heavy and Civil Engineering Construction, Specialty Trade Contractors
2) By Materials: Aggregates, Bricks, Cement, Ceramic Facing and Floor Tiles, Composites, Glass, Other Materials
3) By Construction Type: New Construction, Renovation
4) By Application: Residential Buildings, Nonresidential Buildings
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Major companies operating in the retail buildings market report are Retail Construction Services Inc., Actividades de Construcción y Servicios S.A., Bouygues S.A., Hochtief AG, Skanska AB, Vinci SA, Pacific Crest Engineering Inc., Kneeland Construction Corporation, Shannon Waltchack LLC, Bechtel Corporation, Fluor Corporation, Whiting Turner Construction Company, Turner Construction Company, Gilbane Building Company, Hensel Phelps Construction Co., Gensler, CallisonRTKL Inc., Kimley-Horn and Associates Inc., Nelson Worldwide LLC, Core States Group, Stantec Inc., NORR Limited, WD Partners Inc., RSP Architects Ltd., GreenbergFarrow, HKS Architects Inc., Perkins + Will Inc., HNTB Corporation, Ware Malcomb, MG2 Corporation, Eppstein Uhen Architects Inc., HMC Architects, Corgan Associates Inc., Hord Coplan Macht Inc., Hammel Green and Abrahamson .
Contents of the report:
1. Executive Summary
2. Retail Buildings Market Report Structure
3. Retail Buildings Market Trends And Strategies
4. Retail Buildings Market - Macro Economic Scenario
5. Retail Buildings Market Size And Growth
…..
27. Retail Buildings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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