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Integration Of Latest And Advanced Technologies In Construction Industry Trends Gaining Momentum in the Global Factory Buildings Market
"Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Factory Buildings Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for factory buildings has consistently expanded over the past few years. The increase signifies a rise from $296.71 billion in 2024 to $304.45 billion in 2025, with a compounded annual growth rate (CAGR) of 2.6%. Factors such as industrialization and economic development, regulatory frameworks and incentives, improved supply chain aspects, labor availability, and cost, as well as heightened product demand in the market, have all contributed to growth during the historical period.
Factory Buildings Market Size Forecast: What's the Projected Valuation by 2029?
The market size for factory buildings is set to witness consistent expansion in the coming years, expecting to reach $342.83 billion in 2029 with a compound annual growth rate (CAGR) of 3.0%. The anticipated growth during the forecast period is linked to global manufacturing trends, green construction practices, cutting-edge manufacturing technologies, expansion of e-commerce, resilience and risk alleviation. Notable trends for the forecast period embrace the incorporation of robotics and automation, customization catering to a variety of manufacturing demands, energy-saving building systems, innovative materials and construction methods, along with strategies of globalization and regionalization.
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What Are the Drivers Transforming the Factory Buildings Market?
The factory buildings market is anticipated to witness a surge owing to the rising government spending on infrastructural development. The government's allocation towards infrastructure advancement is intended to boost investment levels within the country, which could potentially lead to economic growth. Factory buildings, being a component of infrastructural development, are likely to see a rise in demand due to the increased governmental expenditure. For example, as reported by the Office for National Statistics, UK, in July 2024, there was an investment of $18.0 billion (£13.8 billion) at constant prices in 2023 in the infrastructure sector, a 3.9% increase from 2022. The market sector's estimated net infrastructure stocks stood at $456.9 billion (£350.2 billion) at constant prices for 2023, marking a 0.3% increase from the previous year. Moreover, total general government investment in infrastructure raised by 9.6%, reaching $34.1 billion (£26.0 billion) at current prices in 2022, a rise from 2021. Consequently, this uptick in governmental expenditures for infrastructural development is contributing to the expansion of the factory buildings market.
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What Long-Term Trends Will Define the Future of the Factory Buildings Market?
The factory buildings market is witnessing a rising trend of incorporating sophisticated technologies. Major corporations in this industry are leveraging this innovation to maintain their market dominance. For instance, the Bjarke Ingels Group, an architectural firm based in New York, completed the construction of a new 7,000-square-metre eco-friendly furniture factory for Vestre, a Norwegian furniture manufacturer, situated in the heart of the Norwegian woods in June 2022. This lively factory, designed by the Bjarke Ingels Group, is committed to the greenest, carbon-neutral production of urban furniture. It provides sleek, modern spaces for diverse manufacturing processes and the efficient production of future products. Built from repurposed steel, low-carbon concrete, and locally sourced wood, the project is poised to be the first industrial building to be awarded the highest environmental BREEAM Outstanding rating.
Which Segments in the Factory Buildings Market Offer the Most Profit Potential?
The factory buildings market covered in this report is segmented -
1) By Type: Residential, Non-residential
2) By Material: Aggregates, Bricks, Cement
3) By Construction Type: New Construction, Renovation
4) By Application: Owned, Rental
5) By End User: Private, Public
Subsegments:
1) By Residential: Single-Family Homes, Multi-Family Units
2) By Non-Residential: Industrial Buildings, Commercial Buildings, Institutional Buildings, Mixed-Use Developments
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Which Firms Dominate the Factory Buildings Market by Market Share and Revenue in 2025?
Major companies operating in the factory buildings market include Pretorius Structures Ltd., FEG Global Ltd., Tasin Company Ltd., Ajinomoto Engineering Corporation, N.S.L Construction Co. Ltd., Tata Projects Limited, Larsen & Toubro Limited, Hitachi Plant Construction Ltd., Primus Builders Inc., Sika AG, AME Construction Services Ltd., Hindustan Construction Company, Dilip Buildcon Ltd., Turner Construction Co., Bechtel Corporation, Fluor Corporation, AECOM Technology Corporation, Whiting-Turner Contracting Company, Kiewit Corporation, Skanska USA, PCL Construction Enterprises Inc., Leopardo Companies, Layton Construction Company LLC, McGough Construction Company LLC, Hill & Wilkinson Construction Group Ltd., Kraus-Anderson Company, Schimenti Construction Company, LeChase Construction Services LLC, ThermalTech Engineering Inc., W.E. O'Neil Construction Company, Robins & Morton Group, Nabholz Construction Corporation, Plaza Construction LLC, Hunter Roberts Construction Group, Hill International Inc., Hoar Construction LLC, Ghafari Associates LLC, Kitchell Corporation, IMC Construction Inc., KBE Building Corporation, Joeris General Contractors Ltd., STV Group Inc., Batson-Cook Company, Cumm*ing Corporation, HITT Contracting Inc., Holder Construction Group LLC, Brasfield & Gorrie LLC
Which Regions Offer the Highest Growth Potential in the Factory Buildings Market?
Asia-Pacific was the largest region in the factory buildings market in 2024. The regions covered in the factory buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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