Soaring Demand Set to Propel Nonresidential Building Construction Market to $3726.66 Billion by 2029

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What Will the Nonresidential Building Construction Industry Market Size Be by 2025?
In the past few years, the nonresidential building construction market's size has shown consistent growth. It is anticipated to escalate from $3087.46 billion in 2024 to $3198.44 billion in 2025, with a compound annual growth rate (CAGR) of 3.6%. The substantial growth during the historic period is due to robust economic expansion in developing markets, an environment of low-interest rates, and a swift increase in the elderly population.

What's the Long-Term Growth Forecast for the Nonresidential Building Construction Market Size Through 2029?
In the forthcoming years, a consistent upward trajectory in the nonresidential building construction market size is projected, ascending to a net worth of $3726.66 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 3.9%. An array of factors contributing to the growth in this period are the swiftly expanding urban and overall population, an upswing in disposable income, government's amplified spending on infrastructure development, and the recommencement of physical office environments in the post COVID-19 era. The future trends to look out for during the forecast period encompass sustainable construction projects, employment of autonomous equipment in construction, a surge in modular construction methods, application of innovative building materials for enhanced construction quality, advancement in construction robotics, and an increased usage of 3D construction printing.

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What Are the Key Growth Drivers Fueling the Nonresidential Building Construction Market Expansion?
The demand for new residential and commercial buildings is predicted to skyrocket due to a fast-growing urban population during the prediction period. The UN World Urbanization Prospects report forecasts that over two-thirds (60%) of the global populace will inhabit cities by 2050. This trend is expected to create massive opportunities, particularly in Asian countries such as Indonesia, Vietnam, and the Philippines, which are rising as hotspots for export-oriented manufacturing. The World Bank projects that South Asia's urban population will witness a growth of 250 million by 2030. Consequently, this swift urbanization progression will likely spur the need for new infrastructure, propelling the non-residential building construction market throughout the forecasted period.

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What Are the Key Trends Driving Nonresidential Building Construction Market Growth?
Construction companies in the building sector are progressively adopting eco-friendly construction methodologies to fabricate energy-efficient structures and curb building expenses. The term green construction denotes the utilization of sustainable construction elements and methodologies to develop energy-conscious buildings with nominal ecological repercussions. As per the World Green Building Trends Survey, roughly 60% of building companies globally are participating in green construction undertakings. Accreditations like Leadership in Energy and Environmental Design (LEED) assist construction firms in creating sustainable, high-efficiency residential and commercial properties. They also provide numerous benefits encompassing tax breaks and promotional prospects. Sustainable building components like natural paint and steel beams from recycled resources are extensively employed in the UK. The construction field is also employing other environmentally-friendly construction strategies such as cross-ventilation for a more organic ambiance, green construction applications like Construction Suite for green compliance, and the Green Globes management instrument.

How Is the Nonresidential Building Construction Market Segmented?
The nonresidential building construction market covered in this report is segmented -

1) By Type: Institutional Buildings, Commercial Buildings
2) By Building Type: Non-Residential Smart Buildings, Traditional Buildings
3) By End-User Sector: Private, Public

Subsegments:
1) By Institutional Buildings: Educational Institutions (Schools, Universities), Healthcare Facilities (Hospitals, Clinics), Government Buildings (Courthouses, Municipal Buildings), Religious Buildings (Churches, Temples)
2) By Commercial Buildings: Office Buildings, Retail Stores And Shopping Centers, Hotels And Hospitality Facilities, Warehouses And Distribution Centers

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Which Companies Are Leading the Charge in Nonresidential Building Construction Market Innovation?
Major companies operating in the nonresidential building construction market include China State Construction Engineering Co., Ltd., Shanghai Construction Group Co., Ltd., Hochtief AG, Vinci S.A., Bouygues SA, Greenland Holding Group, Skanska Group, Obayashi Corporation, AECOM, Bechtel Corporation, Ramky Infrastructure Limited, Rain City Industries Pty. Ltd., J.M. Industries Pty. Ltd., Jeshy Building Concepts Pty Ltd, Dixon Construction Limited, F J Ventures Limited, Operateur de Reseaux d'Energies, Deme Offshore Be, CAJOT LORRAINE, SAS AGENCE LORRAINE DE VIABILITE, PJ Hegarty & Sons U.C., Ballast Nedam Groep N.V., Voorbij Funderingstechniek B.V., Vroom Funderingstechnieken B.V., Van Wijnen Arnhem B.V., Dana Holdings, Swietelsky, Habau, Castagner Immobiliare S.R.L., V & R Edilcons Srl, Blueair Instal Srl, Dalmata Business Srl, Quanta Ten Estate Developments Srl, Zentec Construct Srl, Turner Corp, Clark Group, Swinerton, Hensel Phelps, Lendlease, Gilbane Building Co, Battle Lake Design Group, Alberta, Renewed Materials, Inc., Eco Caminhos, Construcciones Planificadas, WTorre Empreendimentos, Line Investments & Property LLC (LIP), Emaar, AF construction, La' Ala Al-Kuwait Real Estate Co., Gav Yam Land Corporation Ltd., Al Sraiya Holding Group, Al Futtaim Colas, Kharafi National, Baran Group, Redcon Construction Company, Estim Construction Co. Ltd, Eco-Beam, Ecomo, TSAI design studio

Which Regions Are Leading the Global Nonresidential Building Construction Market in Revenue?
Asia-Pacific was the largest region in the non-residential building construction market in 2024. North America was the second-largest region in the non-residential building construction market. The regions covered in the nonresidential building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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