Rising Demand For Elderly-Friendly Infrastructure Boosts The Building Construction Market Driver: Leading Transformation in the Buildings Construction Market in 2025

What Are the Projected Growth and Market Size Trends for the Buildings Construction Market?
The size of the buildings construction market has experienced consistent expansion over the past few years. The market is projected to escalate from $7502.78 billion in 2024 to $7864.83 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%. This growth in the historical period is due to factors such as population increase, economic circumstances, urban development, government investment in infrastructure, and advancements in construction techniques, materials, and methodologies.

There is an anticipation of robust growth in the size of the building construction market in the upcoming years. It is projected to climb to $9750.27 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%. Factors such as sustainability and environmental rules, the advancement in digitalization and building information modeling (bim), resilience and disaster prevention, affordable housing, and adaptations for remote work and office space contribute to this growth during the forecast period. Key trends predicted for this period encompass prefab and modular construction, buildings oriented towards wellness, intelligent buildings, adaptive reuse, and circular construction and recycling.

What Is Driving the Growth Trajectory of the Buildings Construction Market?
As the demographic profile leans towards an aging population in numerous countries, there's a growing necessity for infrastructure that's accommodating to the elderly. The World Health Organization, a dedicated governmental body, predicted that the populace of individuals aged 80 or above will triple, hitting the 426 million mark between 2020 and 2050. Additionally, it's anticipated that by 2050, individuals who are 60 years old and above will double, totaling at 2.1 billion. Consequently, the forecast period will witness a surge in the demand for infrastructure enhancements that cater to the elderly. Efforts to make houses and their larger environments safer and more inclusive had to be intensified. The need for improved residential and non-residential facilities that are better accessible to the elderly fueled growth in the building construction sector.

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Which Leading Companies Are Shaping the Growth of the Buildings Construction Market?
Major companies operating in the buildings construction market include China State Construction Engineering Corporation Ltd, China Evergrande Group, Country Garden Holdings Co Ltd, Sunac China Holdings Ltd, Greenland Holding Group, Daiwa House Group, Lennar Corporation, D.R. Horton Inc, Bouygues SA, The Metallurgical Corp of China, China Railway Group Limited, Bechtel, Fluor Corporation, The Whiting-Turner Contracting Company, Emcor Group, Turner Construction, Kiewit Corporation, STO Building Group Inc., AECOM, DPR Construction, Gilbane Building Company, Tutor Perini Corporation, Clark Construction Group LLC, Skanska USA, PCL Construction Enterprises Inc., McCarthy Holdings Inc., Hensel Phelps, Ryan Companies US Inc., Swinerton, Balfour Beatty US, The Boldt Company, JE Dunn Construction Group Inc., The Walsh Group Ltd., Mortenson, The Industrial Company, Webcor Construction, TDIndustries, The Haskell Company, KCI Technologies, Crossland Construction Company, Consigli Building Group Inc.

What Are the Major Trends Shaping the Buildings Construction Market?
Leading entities in the building construction sector are channeling their efforts towards creating innovative solutions like building construction excavators to augment productivity, bolster site protection, and curtail operational expenses. These excavators are heavy-duty machines developed specifically for earthmoving and excavation tasks in construction sites. For instance, KOBELCO Construction Machinery Co., Ltd., a Japan-based manufacturer of construction machinery, introduced the SK80 excavator in September 2024. This new model, aimed at improving efficacy and productivity in construction ventures, boasts of superior elements like a robust engine, a revamped hydraulic system, and amplified operator comfort. The SK80 is designed to cater to the escalating demand for compact yet powerful excavators in the Indian market, making it apt for a range of applications, from urban construction to infrastructure development.

What Are the Key Segments of the Buildings Construction Market?
The buildings construction market covered in this report is segmented -

1) By Type: Residential Building Construction, Nonresidential Building Construction
2) By Building Type: Smart Buildings, Traditional Buildings
3) By End User Sector: Private, Public

Subsegments:
1) By Residential Building Construction: Single-Family Housing Construction, Multi-Family Housing Construction, Manufactured (Mobile) Home Construction, Other Residential Building Construction
2) By Nonresidential Building Construction: Commercial And Institutional Building Construction, Industrial Building Construction, Agricultural Building Construction, Other Nonresidential Building Construction

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Which Region Dominates the Buildings Construction Market?
Asia-Pacific was the largest region in the building construction market in 2023. North America was the second-largest region in the building construction market. The regions covered in the building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Is Covered In The Buildings Construction Global Market Report?

- Market Size Analysis: Analyze the Buildings Construction Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Buildings 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 Buildings Construction Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Buildings Construction Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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