Building Refurbishment Market Is Going to Boom | Major Giants Skanska, Vinci, Bouygues, Turner Construction

HTF MI just released the Global Building Refurbishment Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2024-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.

Major companies profiled in Building Refurbishment Market are: Skanska, Vinci, Bouygues, Turner Construction, Bechtel, L&T, PCL Construction, Balfour Beatty, Fluor, Kiewit, JLL, Cushman & Wakefield, CBRE, AECOM, Taisei Corp, Kajima Corp, Hochtief, China State Construction, Belfor, ISG.

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HTF Market Intelligence projects that the global Building Refurbishment market will expand at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2033, from USD 1.25 Trillion in 2024 to USD 2.28 Trillion by 2033.

The following Key Segments Are Covered in Our Report

By Type
Interior renovation, Exterior upgrades, Energy retrofits, Structural repair, HVAC refurbishment

By Application
Residential, Commercial buildings, Public infrastructure, Industrial facilities, Retail spaces

Definition: Building refurbishment includes upgrading, renovating, or restoring existing structures to improve functionality, safety, energy efficiency, and aesthetics. It covers improvements in HVAC systems, façades, interiors, roofing, electrical components, and structural elements. As global urbanization accelerates and infrastructure ages, refurbishing old buildings has become more cost-effective and sustainable than constructing new ones. Government sustainability regulations and carbon-reduction initiatives are driving energy-efficient retrofits. With emerging technologies like BIM, IoT sensors, and digital twins, refurbishment projects have become more precise and less disruptive. Additionally, adaptive reuse of older structures and modernization of commercial spaces support long-term asset value. The market is expanding in both developed and developing countries as property owners aim to extend building lifecycles, enhance energy performance, and comply with safety standards.

Market Trends:
• Green retrofits, Smart building tech, Modular refurbishment, Prefab components, Digital twins

Market Drivers:
• Aging infrastructure, Sustainability rules, Urbanization, Energy efficiency demand, Property value enhancement

Market Challenges:
• High cost, Regulatory compliance, Skilled labor shortage, Disruption during renovation, Supply chain issues

Dominating Region:
Europe

Fastest-Growing Region:
Asia-Pacific

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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Building Refurbishment market segments by Types: Interior renovation, Exterior upgrades, Energy retrofits, Structural repair, HVAC refurbishment

Detailed analysis of Building Refurbishment market segments by Applications: Residential, Commercial buildings, Public infrastructure, Industrial facilities, Retail spaces

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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Building Refurbishment Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Points Covered in Table of Content of Global Building Refurbishment Market:
Chapter 01 - Building Refurbishment Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Building Refurbishment Market - Pricing Analysis
Chapter 05 - Global Building Refurbishment Market Background or History
Chapter 06 - Global Building Refurbishment Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Building Refurbishment Market
Chapter 08 - Global Building Refurbishment Market Structure & worth Analysis
Chapter 09 - Global Building Refurbishment Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Building Refurbishment Market Research Methodology

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Nidhi Bhavsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketreport.com

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HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

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