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Growth Projections and Drivers of Retail And Other Commercial Buildings Market: Unpacking Market Size, CAGR, and Key Trends
Retail And Other Commercial Buildings Market
What Is The Projected Market Size Of The Global Retail And Other Commercial Buildings Market And Its Growth Rate?
The retail and other commercial buildings market has been displaying steady growth in recent years, driven by various factors like consumer spending, commercial investment trends, and government policies. Here are some key statistics:
• Market size in 2024: $414.25 billion
• Market size in 2025: $428.23 billion (3.4% CAGR)
• Anticipated market size in 2029: $494.36 billion (3.7% CAGR)
The growth in the forecast period can be attributed to factors like e-commerce integration and omnichannel retail, sustainable building practices and green certification, shifting work patterns, mixed-use developments, and urban revitalization.
What Is Driving The Growth In The Retail And Other Commercial Buildings Market?
The expansion of retail spaces is a significant catalyst behind the growth of the retail and other commercial buildings market. The burgeoning development of shopping spaces such as malls and stand-alone stores, backed by economic boost and consumer spending, propels the construction of new commercial structures. Amazon's warehouse expansion from 165 million square feet to 379 million square feet in 2022 exemplifies this trend. WeWork India's lease of 3.62 lakh square feet of office space in 2022 also underscores the growing demand for retail and commercial spaces.
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Who Are the Key Players Driving Retail And Other Commercial Buildings Market Growth?
Several leading companies are at the vanguard of the retail and other commercial buildings market:
• 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.
What Are The Key Trends In The Retail And Other Commercial Buildings Market?
The retail and other commercial buildings market is molded by several key trends:
• Focus on health and safety measures
• Popularity of mixed-use developments
• Incorporation of biophilic design elements
• Adoption of contactless and cashless transactions
• Design influenced by e-commerce trends
What Are The Segments Of The Global Retail And Other Commercial Buildings Market?
The retail and other commercial buildings market is segmented by:
• Building Type: Smart Buildings, Traditional Buildings
• Application: Residential Buildings, Non-Residential Buildings
• End-User: Offices, Retail, Leisure, Other End-Users
Which Region Leads The Retail And Other Commercial Buildings Market?
Asia-Pacific was the most dominant region in the retail and other commercial buildings market in 2024. The regions included in the market report encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Retail And Other Commercial Buildings Market Global Market Report?
- Market Size Analysis: Analyze the Retail And Other Commercial Buildings Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Retail And Other Commercial Buildings Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Retail And Other Commercial Buildings Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Retail And Other Commercial Buildings Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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