Rising Demand For Elderly-Friendly Infrastructure Boosts The Building Construction Market: Transformative Forces Shaping the Buildings Construction Market Landscape in 2025

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What Will the Buildings Construction Industry Market Size Be by 2025?
Over the past few years, there has been a consistent growth in the market size of the buildings construction sector. The market is projected to expand from a value of $7329.62 billion in 2024 to $7592.63 billion by 2025, with a compound annual growth rate (CAGR) of 3.6%. The surge in growth during the historic period can be linked to an increase in population, economic circumstances, urban development, government's investment in infrastructure, as well as advancements in technology, materials, and construction techniques.

What's the Long-Term Growth Forecast for the Buildings Construction Market Size Through 2029?
In the coming years, the market size of the building construction sector is anticipated to experience robust growth. The market is projected to expand to $9379.03 billion by 2029, with a compound annual growth rate (CAGR) of 5.4%. Factors such as sustainability and environmental directives, digitization and building information modeling (BIM), strategies for resilience and disaster mitigation, housing affordability, and the adjustment of remote work and office spaces can be attributed to the growth in the forecasted period. The period also foresees major trends such as prefab and modular construction, wellness-focused buildings, intelligent buildings, adaptive reuse, circular construction and recycling.

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What Are the Key Growth Drivers Fueling the Buildings Construction Market Expansion?
The demographic trend in most nations is towards an aging population, which necessitates a growing requirement for infrastructure designed with the elderly in mind. The World Health Organization, a dedicated governmental agency, has projected that the population of individuals aged 80 and older will triple to 426 million between 2020 and 2050. Moreover, by 2050, the population of 60 year olds and above will double, hitting 2.1 billion. As such, the call for 'elderly-friendly' enhancements to existing infrastructure is anticipated to increase in the projected timeframe. Both homes and broader environments need to be redesigned to be safer and more inclusive. An emphasis has been placed on transforming residential and non-residential buildings to make them more accessible to senior citizens. This has consequently spurred an uptick in building construction activity.

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What Are the Key Trends Driving Buildings Construction Market Growth?
Major firms partaking in the building construction market are concentrating on the creation of innovative tools, such as building construction excavators, to bolster productivity, augment site safety, and cut down operational costs. The term 'building construction excavators' implies heavy duty equipment that are designed particularly for digging and soil displacement activities in construction work. For instance, KOBELCO Construction Machinery Co., Ltd., a company manufacturing construction machinery and based in Japan, introduced the SK80 excavator in September 2024. This is tailored to amplify productivity and efficiency in construction assignments. The newly introduced model is loaded with advanced features like a potent engine, a remodelled hydraulic system, and enhanced comfort for the operator. The SK80 is engineered to cater to the expanding demand for compact yet potent excavators in the Indian market, making it a versatile tool for a variety of uses, ranging from urban construction to infrastructure development.

How Is the Buildings Construction Market Segmented?
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 Companies Are Leading the Charge in Buildings Construction Market Innovation?
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.

Which Regions Are Leading the Global Buildings Construction Market in Revenue?
Asia-Pacific was the largest region in the building construction market in 2024. 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.

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