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The «Nonresidential Building Construction Global Market Report 2022» report has been added to ResearchAndMarkets.com’s offering.
The global non-residential building construction market is expected to grow from $2675.51 billion in 2021 to $2989.95 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The market is expected to reach $ 4484.30 billion in 2026 at a CAGR of 10.7%.
Major companies in the market include Shanghai Construction Group Co., Ltd.; Bouygues SA; Greenland Holding Group; Obayashi Corporation; Daiwa House Group.
The main types of non-residential building construction are institutional buildings and commercial buildings. Institutional buildings are municipal structures that can be funded either publicly or privately. Institutional structures are frequently ornately designed and subjected to a great deal of public scrutiny and involvement during the design process. The different building types include non residential smart buildings, traditional buildings and is implemented in various sectors such as private, public.
Asia Pacific was the largest region in the nonresidential building construction market in 2021. North America was the second-largest region in the nonresidential building construction market.
A rapidly growing urban population is expected to increase the demand for new residential and commercial buildings, during the forecast period. According to the UN World Urbanization Prospects report, globally it is projected that more than two-thirds (60%) of the world’s population will be living in cities by 2050.
Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam and the Philippines which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, urban population in South Asia is expected to grow by 250 million by 2030. This rapid urbanization is expected to boost the demand for new infrastructure and drive the non-residential building construction market during the forecasted period.
Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey, about 60% of construction firms across the globe were involved in green construction projects.
Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK.
Other green construction techniques such as cross-ventilation for more natural environment, green construction software such as Construction Suite to ensure green compliance, and Green Globes management tool are also being used in the construction industry.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Nonresidential Building Construction Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Nonresidential Building Construction Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Nonresidential Building Construction Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Nonresidential Building Construction Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Nonresidential Building Construction Market Trends And Strategies
8. Impact Of COVID-19 On Nonresidential Building Construction
9. Nonresidential Building Construction Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Nonresidential Building Construction Market Regional Analysis
10.1. Global Nonresidential Building Construction Market, 2021, By Region, Value ($ Billion)
10.2. Global Nonresidential Building Construction Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region
10.3. Global Nonresidential Building Construction Market, Growth And Market Share Comparison, By Region
11. Nonresidential Building Construction Market Segmentation
11.1. Global Nonresidential Building Construction Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Institutional Buildings
- Commercial Buildings
11.2. Global Nonresidential Building Construction Market, Segmentation By End User Sector, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Private
- Public
11.3. Global Nonresidential Building Construction Market, Segmentation By Buidling Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Non residential Smart Buildings
- Traditional Buildings
12. Nonresidential Building Construction Market Segments
12.1. Global Institutional Buildings Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) – Education Buildings; Public Convenience Buildings; Government Buildings; Religious Buildings; Healthcare Buildings
12.2. Global Commercial Buildings Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) – Office And Factory Buildings; Hospitality And Restaurant Buildings; Entertainment And Sports Buildings; Retail And Other Commercial Buildings
13. Nonresidential Building Construction Market Metrics
13.1. Nonresidential Building Construction Market Size, Percentage Of GDP, 2016-2026, Global
13.2. Per Capita Average Nonresidential Building Construction Market Expenditure, 2016-2026, Global
Companies Mentioned
- Shanghai Construction Group Co., Ltd.
- Bouygues SA
- Greenland Holding Group
- Obayashi Corporation
- Daiwa House Group
- The Metallurgical Corp of China
- Sunac China Holdings Ltd.
- Kajima Corporation
- Brookfield Asset Management
- Sekisui House
For more information about this report visit https://www.researchandmarkets.com/r/ytff5v