Prominent Retail Buildings Market Trend for 2025: Technology Adoption In The Retail Buildings Market

What combination of drivers is leading to accelerated growth in the retail buildings market?
The retail buildings market's growth in the future is anticipated to gain momentum from the global expansion of the commercial sector. This sector encompasses service-providing enterprises, government bodies at various levels, and other organizations - both public and private, such as social, religious, or fraternal entities. Retail facilities are elements of this sector, thus, the construction of retail buildings amplifies with the development of the commercial sector. An example is the UK Parliament report from October 2024, which indicates that in 2023, the retail sector produced an economic output amounting to $144.01 billion. This accounted for 4.7% of the UK's total economic output, exhibiting a 2.2% increase from the previous year. This rise encapsulates the considerable influence of the retail industry on the economy, demonstrating its resilience and prospective growth. As such, the expected global growth of the commercial sector is fueling the market for retail buildings.

https://www.thebusinessresearchcompany.com/report/retail-buildings-global-market-report

What is the projected compound annual growth rate (CAGR) of the retail buildings market from 2025 to 2034, and what factors influence it?
The market size of retail buildings has demonstrated consistent growth over the past few years. The market, which is estimated to be at $309.76 billion in 2024, will escalate to $319.35 billion in 2025, growing at a compound annual growth rate (CAGR) of 3.1%. The factors responsible for this growth during the historical period include economic expansion and consumer expenditure, urbanization and population concentration, changing consumer trends and shopping behaviors, commercial property investment trends, as well as government regulations and zoning laws.

In the coming years, the market size for retail buildings is predicted to experience consistent growth. The market is projected to reach a value of $365.25 billion in 2029, with a compound annual growth rate (CAGR) of 3.4%. This growth during the forecast period can be attributed to factors such as the adoption of sustainable building practices and green certification, adjustment to evolving work environments, combination of residential and commercial developments, urban renewal, and considerations of health and safety in building design. Additional major trends that are expected to shape the market during the forecast period include the rise of contactless shopping and payment systems, the integration of social media and influencer marketing, tailoring retail design to meet specific needs, the creation of hybrid retail spaces, and a focus on community-based retail.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9757&type=smp

How are the latest trends influencing the growth of the retail buildings market?
The increasing adoption of technology is becoming a significant trend in the retail buildings market. Large companies in this sector are embracing innovative technologies as a means to consolidate their market position. Stereolabs Inc., a US-based firm specializing in 3D depth and motion sensing solutions via stereo vision and artificial intelligence, exemplified this in December 2022. The company introduced ZED-X, the very first 3D robot camera to incorporate an innovative SDK (software development kit) and multiple camera control. Designed for robotic automation and navigation in various challenging indoor and outdoor environments, ZED-X runs on Stereolabs' comprehensive software ecosystem, paving the way for swift commercial deployment of robots in construction.

What are the major segments of the retail buildings market and their role in driving growth?
The retail buildings market covered in this report is segmented -

1) By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors
2) By Materials: Aggregates, Bricks, Cement, Ceramic Facing And Floor Tiles, Composites, Glass, Other Materials
3) By Construction Type: New Construction, Renovation
4) By Application: Residential Buildings, Nonresidential Buildings

Subsegments:
1) By Buildings Construction: New Retail Construction, Renovation and Remodeling, Expansion Projects
2) By Heavy And Civil Engineering Construction: Site Development, Infrastructure Development, Land Preparation
3) By Specialty Trade Contractors: Electrical Contractors, Plumbing Contractors, HVAC Contractors, Finishing Contractors

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9757

Which regions are key players in the growth of the retail buildings market?
Asia-Pacific was the largest region in the retail buildings market in 2024. North America is expected to be the retail buildings market report fastest-growing region in the forecast period. The regions covered in the retail buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the key firms paving the way for growth in the retail buildings market?
Major companies operating in the retail buildings market include Retail Construction Services Inc., Actividades de Construcción y Servicios S.A., Bouygues S.A., Hochtief AG, Skanska AB, Vinci SA, Pacific Crest Engineering Inc., Kneeland Construction Corporation, Shannon Waltchack LLC, Bechtel Corporation, Fluor Corporation, Whiting Turner Construction Company, Turner Construction Company, Gilbane Building Company, Hensel Phelps Construction Co., Gensler, CallisonRTKL Inc., Kimley-Horn and Associates Inc., Nelson Worldwide LLC, Core States Group, Stantec Inc., NORR Limited, WD Partners Inc., RSP Architects Ltd., GreenbergFarrow, HKS Architects Inc., Perkins + Will Inc., HNTB Corporation, Ware Malcomb, MG2 Corporation, Eppstein Uhen Architects Inc., HMC Architects, Corgan Associates Inc., Hord Coplan Macht Inc., Hammel Green and Abrahamson

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9757&type=smp

What Is Covered In The Retail Buildings Global Market Report?

• Market Size Forecast: Examine the retail buildings market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the retail buildings market for a structured understanding.
• Key Players Overview: Analyze major players in the retail buildings market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the retail buildings market.
• Segment Contributions: Evaluate how different segments drive overall growth in the retail buildings market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the retail buildings market.
• Industry Challenges: Identify potential risks and obstacles affecting the retail buildings market.
• Competitive Landscape: Review strategic developments in the retail buildings market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.