Market Trend Insights: The Impact of Emerging Developments on the Retail and Commercial Buildings Market

The retail and commercial building sector is poised for consistent growth as evolving construction technologies and sustainability practices gain traction. With a focus on innovation and modernization, this market is set to experience steady expansion through the end of the decade. Let's explore the market size projections, key players, driving factors, emerging trends, and segmentation in greater detail.

Steady Expansion Expected in the Retail and Other Commercial Buildings Market Size by 2030
The retail and other commercial buildings market is forecasted to grow steadily, reaching a valuation of $496.44 billion by 2030. This expansion will occur at a compound annual growth rate (CAGR) of 3.9%. Factors contributing to this growth include the increasing use of sustainable construction materials, heightened investments in smart building technologies, and a rising demand for flexible mixed-use developments. Additionally, efforts to update aging retail infrastructures, the rise of automated building management systems, and growth in large-format commercial and leisure properties are playing a significant role. Notable trends shaping this market include the development of mixed-use commercial buildings, renovation projects for outdated retail spaces, and the widespread adoption of modular and flexible store layouts.

Download a free sample of the retail and other commercial buildings market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9756&type=smp

Prominent Companies Leading the Retail and Other Commercial Buildings Market
Several established firms dominate the retail and commercial building landscape, including Kneeland Construction Corporation, JL Schwieters Construction, Bechtel Corporation, Fluor Corporation, and The Whiting-Turner Contracting Company. Others making key contributions are Emcor Group Inc., Turner Construction Co., Gilbane Building Company, Hensel Phelps Construction Co., and The Walsh Group. Additional important players include Balfour Beatty Inc., Swinerton Inc., McCarthy Building Companies, Dunn Construction Group Inc., Holder Construction Group LLC, Lincoln Property Company, Hines Interests Limited, Prologis Inc., Newmark Group Inc., Kimco Realty Corporation, Kittle Property Group Inc., Brookfield Properties Pvt. Ltd., Robert A.M. Stern Architects LLP, Elkus Manfredi Architects, M. Arthur Gensler Jr. & Associates Inc., Tishman Speyer Properties L.P., Lewis Management Corp., and Neoscape Inc.

Honeywell International's Strategic Acquisition to Boost Market Position
In June 2024, Honeywell International Inc., a technology powerhouse from the US, finalized the acquisition of the Global Access Solutions division of Carrier Global Corporation for $4.95 billion. This move strengthens Honeywell's foothold as a leader in digital security solutions tailored for modern buildings. The acquisition is expected to accelerate innovation in cloud-based services, broaden Honeywell's building automation offerings, and drive faster growth through software-driven recurring revenue. Carrier Global Corporation, also based in the US, specializes in intelligent climate and energy solutions and serves the retail and commercial building sectors.

View the full retail and other commercial buildings market report:
https://www.thebusinessresearchcompany.com/report/retail-and-other-commercial-buildings-global-market-report

How Technological Innovations Are Shaping Market Growth
Leading players in the retail and commercial buildings market are focusing on cutting-edge advancements such as SaaS-based project management platforms and integrated construction monitoring systems. These tools improve the efficiency and precision of large-scale projects. SaaS platforms offer real-time tracking, scheduling, and cost controls through cloud-based interfaces, while integrated monitoring systems consolidate cost, schedule, engineering, and field data into one accessible platform to enhance coordination. For example, in February 2023, US company Contruent introduced Contruent Enterprise, a SaaS solution designed to help owners and construction teams complete projects more quickly and accurately. This software features customizable dashboards and integrated modules for managing costs, schedules, contracts, engineering, and field operations, reinforcing Contruent's position in commercial construction technology.

Breakdown of the Retail and Other Commercial Buildings Market Segmentation
This market is categorized based on building type, application, and end-user segments. By building type, it includes Smart Buildings and Traditional Buildings. Smart Buildings are further divided into energy-efficient buildings, IoT-integrated buildings, automated control systems, and green buildings. Traditional Buildings segment comprises conventional retail spaces, office buildings, warehouses, and mixed-use developments. Application-wise, the market covers residential and non-residential buildings. The end-user classification includes offices, retail, leisure facilities, and other users, offering a comprehensive framework for understanding market dynamics.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.