Press release
Growing Demand for Green Buildings Elevates Global Commercial Buildings Market to $2334.84 Billion by 2029
Commercial Buildings Market
Increased construction of eco-friendly structures and the adoption of new technologies are key growth indicators for the commercial buildings market.
What Is The Projected Market Size Of The Global Commercial Buildings Market And Its Growth Rate?
•The commercial buildings market size has grown steadily from $1921.73 billion in 2024, reaching $1993.8 billion in 2025 at a CAGR of 3.8%.
•The market size is predicted to further grow to $2334.84 billion in 2029 at a compound annual growth rate (CAGR) of 4.0%.
•The growth can be attributed to flexible work arrangements, climate change mitigation, rapid urbanization in emerging markets, e-commerce impact on retail spaces, and government initiatives and incentives.
What Is Driving The Growth In The Commercial Buildings Market?
The increasing construction of green buildings is driving growth in the commercial buildings market. Green buildings use fewer resources and create healthier, more sustainable, and less expensive structures. They are popular in commercial buildings because they reduce annual costs. For example, the Green Building Masterplan set by the Building and Construction Authority (BCA) in Singapore aimed to green 80% of Singapore's buildings by 2030. By 2022, around 55% of these buildings have received green certification.
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Who Are the Key Players Driving Commercial Buildings Market Growth?
•Brookfield Business Partners LP
•CBRE Group Inc.
•Bechtel Corporation
•Turner Construction Company
•Skanska AB
•Jacobs Engineering Group Inc.
•Obayashi Corporation
•Fluor Corporation
•Kiewit Corporation
•AECOM Technology Corporation
•Lendlease Corporation
•Prologis Inc.
•DPR Construction Inc.
•Clayco Inc.
•Suffolk Construction Company Inc.
•Boston Commercial Properties Inc.
•Walsh Group
•Marcus & Millichap Inc.
•Segro plc
•DLF Ltd.
•Mortenson Inc.
•Hunt Construction Group
•RAK Properties PJSC
•NAI Global
•Link Asset Management Ltd.
•Nakheel PJSC
•Onni Contracting Ltd.
What Are The Key Trends In The Commercial Buildings Market?
•Advanced security systems
•Modular construction
•Data-driven decision-making
•Smart building technology
•Digital transformation
What Are The Segments Of The Global Commercial Buildings Market?
1) By Product: New Construction, Repair and Maintenance, Refurbishment, and Demolition
2) By Application: Owned, Rental
3) By End-user: Offices, Retail, Leisure, Other End Users
Which Region Leads the Commercial Buildings Market?
Asia-Pacific was the largest region in the commercial buildings market in 2024. The regions covered include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Commercial Buildings Market Global Market Report?
- Market Size Analysis: Analyze the Commercial Buildings Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the 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 Commercial Buildings Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Commercial Buildings Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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