Retail Buildings Market Insights 2025-2034: Growth Forecast and Strategic Priorities

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Retail Buildings Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the retail buildings market has consistently expanded over the past few years. Predictions indicate an increase from $309.76 billion in 2024 to $319.35 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.1%. Key factors driving this growth during the historical phase include economic development and consumer expenditure, urbanization and population concentration, evolving consumer behaviors and shopping choices, investment trends in commercial properties, along with government policies and area zoning rules.

Retail Buildings Market Size Forecast: What's the Projected Valuation by 2029?
The market for retail buildings is anticipated to witness consistent growth in the upcoming years. An estimation of $365.25 billion is projected for 2029, with a compound annual growth rate (CAGR) of 3.4%. Factors leading to growth during this forecasted duration include the adoption of eco-friendly building strategies and green certifications, adjustments towards shifting work trends, the emergence of mixed-use developments and rejuvenation of urban spaces, incorporating health and safety features in building design, and the surge in retail concepts revolving around community and experience. The forecast period will also see the prevalence of major trends such as contactless buying and payment methods, social media integration and influencer marketing, retail design with a strong focus on customization and personalization, the rise of hybrid retail spaces, and retail centered around communities.

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What Are the Drivers Transforming the Retail Buildings Market?
The retail buildings market is anticipated to be driven by the ongoing expansion of the global commercial sector. This sector encompasses facilities and apparatus for service provision by businesses, as well as structures owned by federal, state, and local governments and other private and public entities like social, religious or fraternal establishments. Included in this sector are retail facilities, thus, the expansion of the commercial sector means an increase in the construction of retail buildings. For example, data from UK Parliament in October 2024 showed that in the year 2023, the retail sector accrued an economic output worth $144.01 billion, accounting for 4.7% of the UK's aggregate economic output. This was a 2.2% uptick from 2022, indicating not just the pivotal role played by the retail industry in economic growth, but also its resilience and potential for continued expansion. As such, the global growth of the commercial sector is instrumental in driving the retail buildings market.

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What Long-Term Trends Will Define the Future of the Retail Buildings Market?
The adoption of cutting-edge technology is becoming an increasingly prevalent trend in the retail buildings market. Many leading companies on the market are turning to technology innovation to bolster their market standing. For example, in December 2022, Stereolabs Inc., a company based in the United States that specializes in stereo vision and artificial intelligence-powered 3D depth and motion sensing solutions, introduced ZED-X. This marks the first 3D robotic camera, complete with a new Software Development Kit (SDK) and multi-camera control, in the world. The ZED-X was designed for robotic process automation and navigation in difficult indoor and outdoor settings. Stereolabs' extensive software ecosystem, which enables quick commercial robot implementations in the construction industry, powers and supports the ZED-X.

Which Segments in the Retail Buildings Market Offer the Most Profit Potential?
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

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Which Firms Dominate the Retail Buildings Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in 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

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