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Residential Building Construction Forecast: Market Size, Growth and Key Player Analysis for 2025
Residential Building Construction Forecast
What Is The Projected Market Size Of The Global Residential Building Construction Global Market Report 2025 And Its Growth Rate?
The residential building construction market has been experiencing dynamic growth over the recent years. Highlighting major statistics:
• 2024 Market Size: $4415.32 billion
• 2025 Projected Market Size: $4666.39 billion (5.7% CAGR)
• 2029 Forecasted Market Size: $6023.61 billion (6.6% CAGR)
This growth can be attributed to factors such as population growth, economic conditions, government policies, sustainability practices, and advancements in construction technology.
What Is Driving The Growth In The Residential Building Construction Global Market Report 2025?
The growth of the residential building construction market is primarily driven by the ever-increasing population. An increase in population directly influences the volume of building construction, and hence reflects the growth of the residential building construction market. As per the United States Census Bureau, approximately 60% of U.S. counties saw population growth from 2022 to 2023, marking an improvement from the previous year's 52%. With an average growth rate of 0.29%, the rising population remains a key driving factor for the market's expansion.
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Who Are the Key Players Driving Residential Building Construction Global Market Report 2025 Growth?
• SFK Construction Holdings Limited
• China State Construction Engineering Corporation Limited
• Country Garden Holdings Limited
• Bouygues S.A.
• Laing O'Rourke Plc
• Lennar Corporation
• D.R. Horton Inc.
• Hochtief AG
• Greystar Worldwide LLC
• Larsen & Toubro Limited
• Bechtel Corporation
• Turner Construction Company
• PulteGroup Inc.
• Skanska AB
• Kiewit Corporation
• Taylor Morrison Inc.
• Gilbane Building Company
• Meritage Homes Corporation
• Century Communities Inc.
• Bridge Investment Group LLC
• Alliance Residential Company
• Mill Creek Residential
• Continental Properties Company Inc.
• Legacy Housing Corporation
• The NRP Group LLC
• DHI Communities Inc.
• Clayton Properties Group Inc.
• Black Buffalo 3D Corporation
• Related Group
What Are The Key Trends In The Residential Building Construction Global Market Report 2025?
Significant trends in the residential building construction market include:
• Digitalization in construction management
• Technological advancements in construction
• Prefabrication and modular construction
• Smart home technology integration
• Building information modeling (BIM)
What Are The Segments Of The Global Residential Building Construction Global Market Report 2025?
The market segments include:
• Product Type: New-Single Family Housing Construction, New-Multi Family Housing Construction, Other Types
• Sales Type: New Construction, Renovation
• End-User: Private, Public
Which Region Leads The Residential Building Construction Global Market Report 2025?
North America held the largest market size in residential building construction in 2024. Over the forecast period, Asia-Pacific is projected to be the fastest-growing region in the global residential building construction market. The report covers a wide geographical range, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Residential Building Construction Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Residential Building Construction Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Residential Building Construction Global Market Report 2025 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 Residential Building Construction Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Residential Building Construction Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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