Institutional Buildings Market Growth Accelerates: Strategic Forecast Predicts $1391.81 Billion by 2029

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What Will the Institutional Buildings Industry Market Size Be by 2025?
The market size of institutional buildings has experienced consistent growth in the past few years. The projection reveals an increase from $1165.73 billion in 2024 to a sum of $1204.64 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 3.3%. Factors contributing to the growth during the historical period include government initiatives, population growth, requirements in education and healthcare, urbanization, and socio-cultural influences.

What's the Long-Term Growth Forecast for the Institutional Buildings Market Size Through 2029?
It is projected that the market size of institutional buildings will have a steady surplus in the upcoming years, swelling to $1391.82 billion in 2029 with a 3.7% compound annual growth rate (CAGR). Multiple factors such as emphasis on sustainability, green building, technological inclusion, revamp of old infrastructure, and health and wellness focus are behind this anticipated growth. The forecast period also highlights trends such as energy-effective construction, further technological inclusion, improved accessibility and inclusivity, the embrace of prefabrication and modular construction, and the use of biophilic design elements.

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What Are the Key Growth Drivers Fueling the Institutional Buildings Market Expansion?
The institutional buildings market is predicted to expand due to an increase in government spending. The term "government expenditure" pertains to the funds the government allocates for various goods and services. As government spending increases, facilities such as government-run hospitals and schools benefit tremendously. This aids in the establishment and advancement of necessary infrastructure such as institutional buildings. For example, Eurostat, a European statistical service provider well-regarded for its quality output among policymakers, businesses, researchers, and the public, reported that between 2019 and 2021, the general government spending of the EU as a percentage of GDP saw a substantial hike, hitting 51.5%. Furthermore, the nations with the highest government spending, as measured by the GDP ratio in 2021, were France (59.0%), Greece (57.4%), Austria (56.0%), Finland (55.6%), Belgium (55.5%), and Italy (55.3%). Consequently, the growth of the institutional buildings market can be attributed to the escalating government expenditure.

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What Are the Key Trends Driving Institutional Buildings Market Growth?
The utilization of emerging technologies is becoming a prevailing trend in the institutional buildings market. In order to maintain their market position, many prominent companies in this sector are leveraging new technologies. As an example, Black Buffalo 3D Corporation, a US-based entity specializing in 3D printers for construction and exclusive cement-based ink, launched the NEXCON 3D printers in February 2022. NEXCON, a product of Black Buffalo 3D, amalgamates the superior attributes of 3D printing technology, addressing ongoing hurdles in the construction sector, like commercial facilities, infrastructure components, and traditionally pre-cast elements on-site and on-demand. It uses a motion-centric modular gantry architecture that produces more efficient structures while providing the largest printable region without lowering print quality, enhancing on-site job adaptability. The multi-axis gantry system is designed to deliver precise prints for any 3D-modelled design possible through standard CAD software and is able to print buildings as tall as three stories.

How Is the Institutional Buildings Market Segmented?
The institutional buildings market covered in this report is segmented -

1) By Type: Residential, Non-Residential
2) By Construction Type: New Construction, Renovation
3) By Building Type: Smart Buildings, Traditional Buildings
4) By Application: Owned, Rental
5) By End User: Private, Public

Subsegments:
1) By Residential: Single-Family Homes, Multi-Family Units, Senior Living Facilities
2) By Non-Residential: Educational Buildings, Healthcare Facilities, Government Buildings, Recreational Facilities

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Which Companies Are Leading the Charge in Institutional Buildings Market Innovation?
Major companies operating in the institutional buildings market include China State Construction Engineering Co. Ltd., Shanghai Construction Group Co. Ltd., Clark Construction Group LLC, The Whiting-Turner Contracting Company, Turner Construction Company, Balfour Beatty plc, Greenland Holdings Corp. Ltd., Obayashi Corporation, Daiwa Real Estate Co. Ltd., HOCHTIEF Aktiengesellschaft, Vinci S.A., Bouygues SA, Kajima U.S.A. Inc., Bechtel Corporation, Skanska AB, The Metallurgical Corp of China, Actividades de Construccion y Servicios SA, Tutor Perini Corp., Parsons Corp., AECOM Inc., Jacobs Solutions Inc., WSP Global Inc., HNTB Corp., STV Group Inc., Fluor Corporation, Kiewit Corporation, PCL Construction Enterprises Inc., McCarthy Holdings Inc., The Boldt Company, The Weitz Company, Mortenson Construction, Gilbane Building Company, JE Dunn Construction Group Inc., Hensel Phelps Construction Co., Barton Malow Company, Ryan Companies US Inc., Skender Construction, The Beck Group, Sundt Construction Inc., Brasfield & Gorrie LLC, DPR Construction, Gray Construction, Hoffman Construction Company, Holder Construction Company, Messer Construction Co., Pepper Construction Group LLC, Robins & Morton LLC

Which Regions Are Leading the Global Institutional Buildings Market in Revenue?
Asia-Pacific was the largest region in the institutional buildings market in 2024. The regions covered in the institutional buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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