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Top Factor Driving Building Finishing Contractors Market Growth in 2025: Rising Global Aging Population Drives Demand For Building Finishing Contractors Market
Building Finishing Contractors Market Size
In recent times, the market size of the building finishing contractors has experienced significant growth. This market is projected to expand from a size of $1417.89 billion in 2024 to $1526.95 billion in 2025, equivalent to a compound annual growth rate (CAGR) of 7.7%. Factors contributing to the observed growth in the precedent period include expansion in the construction sector, real estate development, urbanization, infrastructure projects, renovations of buildings, and both architectural and design trends.
In the upcoming years, the market size for building finishing contractors is anticipated to experience substantial expansion. The market is set to reach $2012.4 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%. The predicted growth in this period can be linked to factors such as sustainability and green building, the incorporation of smart buildings, adherence to health and safety standards, enhancement of infrastructure resilience, and the growth in population and housing. Significant trends predicted during this forecast period include the use of sustainable finishing materials, the integration of smart homes, the adoption of biophilic design, the application of modular and prefabricated finishing, as well as adaptive reuse.
What Are the Primary Growth Drivers for the Building Finishing Contractors Market?
The aging demographic of many nations is spurring a need for more senior-friendly infrastructural adaptations. As per the World Health Organization (WHO), a specialized government body, the count of individuals aged 80 or over is predicted to triple from 2020 to 2050, hitting around 426 million. Moreover, by 2050, the population aged 60 and above is set to double, reaching about 2.1 billion. As a result, homes and their broader environments need to modify to offer safety and inclusivity. The accessibility of local stores and city centers must also be improved to cater to the needs of the elderly, and public transport amenities need revamping due to the rising demand from senior citizens. This trend is projected to stimulate a surge in the demand for building finishing contractors' services over the predicted timeframe.
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Who Are the Dominant Companies Influencing Building Finishing Contractors Market Trends?
Major companies operating in the building finishing contractors market include Fletcher Building Ltd., NCI Building Systems Inc, Interserve Plc, APi Group Inc, Performance Contracting Group Inc, Cleveland Construction Inc, Irex Corp of Lancaster, Sherwin-Williams Company, Pittsburgh Plate Glass Industries, Inc, RPM International Inc., The Valspar Corporation, Benjamin Moore & Co., Behr Process Corporation, Rust-Oleum Corporation, Akzo Nobel N.V., Axalta Coating Systems Ltd., BadischeAnilin und Soda-Fabrik SE, The Dow Chemical Company, DuPont de Nemours, Inc., Eastman Chemical Company, 3M Company, Avery Dennison Corporation, Bostik SA, Data Acquisition and Processing Products Inc., Franklin International Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc., ITW Performance Polymers & Fluids, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., Pidilite Industries Ltd., Sika AG, United States Gypsum Corporation, Armstrong World Industries Inc., CertainTeed Corporation, Georgia-Pacific LLC.
How Is the Building Finishing Contractors Market Evolving?
Leading firms in the building finishing contractor market are prioritizing the development of technologically innovative solutions, such as user-friendly software for swift building construction, to improve project management, increase accuracy, and boost overall productivity. Software for rapid building construction pertains to digital platforms aimed at streamlining and hastening the construction management processes. For instance, in May 2023, Topcon, an engineering company based in Japan, launched Digital Layout, a user-centric software aimed at promoting efficiency in the building construction sector. It is geared towards both beginner and seasoned users, facilitating the shift from conventional layout techniques to digital procedures. The software is compatible with 3D lasers and can effortlessly integrate with Autodesk Revit or AutoCAD for the creation of point files. Chief characteristics encompass real-time reporting, cross-platform support for Windows and Android, and cloud connectivity via Topcon MAGNET Enterprise for straightforward data sharing.
What Are the Different Segmentations in the Building Finishing Contractors Market?
The building finishing contractors market covered in this report is segmented -
1) By Type: Drywall And Insulation Contractors, Painting And Wall Covering Contractors, Flooring Contractors, Tile And Terrazzo Contractors, Finish Carpentry Contractors, Other Building Finishing Contractors
2) By Service Provider: Large Chain Companies, Independent Contractors
3) By Mode: Online, Offline
4) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Other Applications
Subsegments:
1) By Drywall And Insulation Contractors: Drywall Contractors, Insulation Contractors
2) By Painting And Wall Covering Contractors: Interior Painting Contractors, Exterior Painting Contractors, Wallpaper Contractors, Other Wall Covering Contractors
3) By Flooring Contractors: Carpet Installation Contractors, Hardwood Floor Contractors, Ceramic Tile Installation Contractors, Vinyl And Linoleum Flooring Contractors, Other Flooring Contractors
4) By Tile And Terrazzo Contractors: Ceramic Tile Contractors, Terrazzo Flooring Contractors, Marble And Stone Tile Contractors, Other Tile And Terrazzo Contractors
5) By Finish Carpentry Contractors: Cabinet Installation Contractors, Millwork Contractors, Trim And Molding Contractors, Door And Window Installation Contractors, Other Finish Carpentry Contractors
6) By Other Building Finishing Contractors: Stucco Contractors, Plaster Contractors, Soundproofing Contractors, Other Specialty Finishing Contractors
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Which Region Is at the Forefront of the Building Finishing Contractors Market?
Asia-Pacific was the largest region in the building finishing contractors market in 2023. Western Europe was the second-largest region in the building finishing contractors market. The regions covered in the building finishing contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Building Finishing Contractors Global Market Report?
- Market Size Analysis: Analyze the Building Finishing Contractors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Building Finishing Contractors 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 Building Finishing Contractors Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Building Finishing Contractors Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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