Press release
Rising Global Aging Population Drives Demand For Building Finishing Contractors Market: A Key Catalyst Accelerating Building Finishing Contractors Market Growth in 2025
Building Finishing Contractors Market
Building Finishing Contractors Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been a substantial expansion in the building finishing contractors market. The market is expected to evolve from its size of $1387.34 billion in 2024 to reach a value of $1475.45 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.4%. The factors that contributed significantly to the growth during the historic period encompass expansion of the construction industry, development in real estate, urbanization, infrastructure projects, building renovations, and changing architectural and design trends.
Building Finishing Contractors Market Size Forecast: What's the Projected Valuation by 2029?
The market size of building finishing contractors is projected to experience substantial growth in the upcoming years, reaching a value of $1929.74 billion in 2029 with a compound annual growth rate (CAGR) of 6.9%. Factors contributing to the anticipated growth during the forecast period include sustainable and green building practices, the incorporation of smart building technologies, adherence to health and safety standards, resilient infrastructure, and population growth and housing needs. Future trends on the horizon for this period are the use of sustainable finishing materials, the integration of smart home technologies, biophilic design elements, modular and prefabricated finishes, and adaptive reuse.
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What Are the Drivers Transforming the Building Finishing Contractors Market?
The demographic composition of several nations is aging, which heightens the need for senior citizen-friendly infrastructure. For instance, the World Health Organization (WHO), a specific governmental agency, predicts that from 2020 to 2050, the population of individuals aged 80 or above is projected to triple, hitting 426 million, and by 2050, those aged 60 and above will double, reaching 2.1 billion. Accordingly, homes and the broader neighborhood environments have been modified to be safer and more all-inclusive. Instant access to local stores and local town centers for the elderly has become a necessity. Revisions to public transport facilities have also been essential due to the increased needs of the elderly population. This demographic shift is projected to augment the need for building finishing contractors' activities in the upcoming years.
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What Are the Key Trends Driving Building Finishing Contractors Market Growth?
Major firms active in the building finishing contractor sector are prioritizing the creation of technologically sophisticated solutions such as user-friendly software tools for swift building construction. The focus is on simplifying project management, increasing accuracy, and enhancing overall operational efficiency. The user-friendly software for quick-paced construction projects refers to digital applications created to speed up and simplify construction management procedures. For example, in May 2023, Topcon, a Japanese engineering corporation, unveiled the Digital Layout, a user-friendly software aimed at increasing efficiency in the construction sector. Intended for both beginners and experienced users, the software makes the transition from conventional layout techniques to digital processes easier. The software supports 3D lasers and can be integrated effortlessly with Autodesk Revit or AutoCAD for the creation of point files. Crucial features include live reporting, multi-platform compatibility for Windows and Android, and cloud connectivity through Topcon MAGNET Enterprise for seamless data exchange.
Which Segments in the Building Finishing Contractors Market Offer the Most Profit Potential?
The building finishing contractors market covered in this report is segmented -
1) By Type: Drywall And Insulation Contractors, Painting And Wall Covering Contractors, Flooring Contractors, Tile And Terrazzo Contractors, Finish Carpentry Contractors, Other Building Finishing Contractors
2) By Service Provider: Large Chain Companies, Independent Contractors
3) By Mode: Online, Offline
4) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Other Applications
Subsegments:
1) By Drywall And Insulation Contractors: Drywall Contractors, Insulation Contractors
2) By Painting And Wall Covering Contractors: Interior Painting Contractors, Exterior Painting Contractors, Wallpaper Contractors, Other Wall Covering Contractors
3) By Flooring Contractors: Carpet Installation Contractors, Hardwood Floor Contractors, Ceramic Tile Installation Contractors, Vinyl And Linoleum Flooring Contractors, Other Flooring Contractors
4) By Tile And Terrazzo Contractors: Ceramic Tile Contractors, Terrazzo Flooring Contractors, Marble And Stone Tile Contractors, Other Tile And Terrazzo Contractors
5) By Finish Carpentry Contractors: Cabinet Installation Contractors, Millwork Contractors, Trim And Molding Contractors, Door And Window Installation Contractors, Other Finish Carpentry Contractors
6) By Other Building Finishing Contractors: Stucco Contractors, Plaster Contractors, Soundproofing Contractors, Other Specialty Finishing Contractors
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Which Firms Dominate the Building Finishing Contractors Market by Market Share and Revenue in 2025?
Major companies operating in the building finishing contractors market include Fletcher Building Ltd., NCI Building Systems Inc, Interserve Plc, APi Group Inc, Performance Contracting Group Inc, Cleveland Construction Inc, Irex Corp of Lancaster, Sherwin-Williams Company, Pittsburgh Plate Glass Industries, Inc, RPM International Inc., The Valspar Corporation, Benjamin Moore & Co., Behr Process Corporation, Rust-Oleum Corporation, Akzo Nobel N.V., Axalta Coating Systems Ltd., BadischeAnilin und Soda-Fabrik SE, The Dow Chemical Company, DuPont de Nemours, Inc., Eastman Chemical Company, 3M Company, Avery Dennison Corporation, Bostik SA, Data Acquisition and Processing Products Inc., Franklin International Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc., ITW Performance Polymers & Fluids, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., Pidilite Industries Ltd., Sika AG, United States Gypsum Corporation, Armstrong World Industries Inc., CertainTeed Corporation, Georgia-Pacific LLC.
Which Regions Offer the Highest Growth Potential in the Building Finishing Contractors Market?
Asia-Pacific was the largest region in the building finishing contractors market in 2024. Western Europe was the second-largest region in the building finishing contractors market. The regions covered in the building finishing contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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