Press release
Nonresidential Building Construction Market: Steady Growth and Emergent Trends Expected
Nonresidential Building Construction Market
The global nonresidential building construction market is steering towards a steady growth with notable trends gaining momentum.
What Is The Projected Market Size Of The Global Nonresidential Building Construction Market And Its Growth Rate?
The nonresidential building construction market size has experienced consistent growth with critical drivers impacting its rise.
• The market is expected to grow from $3087.46 billion in 2024 to $3198.44 billion in 2025 at a compound annual growth rate (CAGR) of 3.6%.
• The market is projected to reach $3726.66 billion in 2029, with a CAGR of 3.9%.
What Is Driving The Growth In The Nonresidential Building Construction Market?
A rapid escalation in urban population is stimulating the growth of the nonresidential building construction market. With urbanization aids emerging in countries like Indonesia, Vietnam, and the Philippines, the market is expected to be driven further by the rising demand for new residential and commercial buildings throughout the predicted period.
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Who Are the Key Players Driving Nonresidential Building Construction Market Growth?
The significant industry players catalyzing the growth of nonresidential building construction market include
• China State Construction Engineering Co., Ltd.
• Shanghai Construction Group Co., Ltd.
• Hochtief AG
• Vinci S.A.
• Bouygues SA
What Are The Key Trends In The Nonresidential Building Construction Market?
Emergent trends in the nonresidential building construction market involve:
• Green construction projects
• Use of autonomous construction vehicles
• Rise in modular construction
• Use of advanced building materials to improve construction
• Construction robotics
• Rise in 3D construction printing
What Are The Segments Of The Global Nonresidential Building Construction Market?
The global nonresidential building construction market is segmented by:
1. Type: Institutional Buildings, Commercial Buildings
2. Building Type: Non-Residential Smart Buildings, Traditional Buildings
3. End-User Sector: Private, Public
Which Region Leads The Nonresidential Building Construction Market?
The Asia-Pacific region dominated the non-residential building construction market in 2024, followed by North America. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Nonresidential Building Construction Market Global Market Report?
- Market Size Analysis: Analyze the Nonresidential Building Construction Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Nonresidential Building Construction 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 Nonresidential Building Construction Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Nonresidential Building Construction Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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