Building Construction Market Size, Share, Trends, Growth Outlook

The Global Building Construction Market Size is estimated to register 7.8% growth over the forecast period from 2023 to 2030.

 

Building Construction Market Overview

The market is driven by a growing demand for energy-efficient buildings and the use of eco-friendly materials, along with an increasing focus on environmentally sustainable construction practices. Furthermore, the industry is witnessing a heightened awareness and implementation of resilient construction practices to withstand natural disasters, playing crucial roles in shaping its trajectory. In response to the challenges posed by natural disasters such as floods and other hazards, the sector is actively exploring advanced materials like cross-laminated timber (CLT) and carbon fiber composites. Workplace health and safety have also emerged as top priorities within the construction sector.

 

 

Market dynamics

Market Trend: The consideration of renewable energy integration is now pivotal in the planning and execution of building construction

Renewable energy integration has become a pivotal consideration in building construction, with a heightened emphasis on achieving net-zero energy or carbon-neutral buildings. The incorporation of renewable energy sources, such as solar panels and wind turbines, into building designs represents a concerted effort to reduce the environmental impact of construction projects. This trend aligns with broader sustainability goals, showcasing the industry's commitment to minimizing its carbon footprint and contributing to a greener future.

 

Market Driver: Responding to the challenges of the COVID-19 pandemic, the industry is embedding health and safety measures within building designs

In response to the COVID-19 pandemic, the industry is integrating health and safety measures into building designs. This includes a greater emphasis on ventilation systems, touchless technologies, and spatial designs that facilitate social distancing. Furthermore, there is a growing recognition of the need for greater flexibility in workspace design to accommodate the trends of remote work, reflecting a broader shift in work culture and practices. These post-pandemic considerations underscore the industry's adaptability and responsiveness to emerging challenges, ensuring the creation of spaces that prioritize both safety and functionality in the evolving landscape of work environments.

Market Opportunity: The construction industry is changing by using new materials to make buildings more durable, sustainable, and efficient

The building construction industry is undergoing significant transformations with the adoption of innovative materials aimed at enhancing durability, sustainability, and efficiency. In response to challenges posed by natural disasters such as floods and other hazards, the sector is exploring advanced materials like cross-laminated timber (CLT) and carbon fiber composites. These materials contribute not only to structural resilience but also align with the industry's growing commitment to environmentally sustainable practices, addressing both safety concerns and the need for greater efficiency in construction projects.

 

Market share analysis: The largest portion of the building construction market is occupied by residential construction

Residential construction holds the largest market share in the building construction market, encompassing residential, commercial, and other sectors. This dominance is attributed to the high demand for new housing, as well as the necessity for the renovation and repair of existing homes. The demand for new housing is propelled by factors such as population growth, increasing incomes, and urbanization. Additionally, the need for renovating and repairing existing homes is influenced by several factors, including aging housing stock, homeowners' desire to enhance their residences, and the requirement for repairs following natural disasters.

 

The largest market share is held by owning a home, a choice that offers a sense of stability and security.

Out of rental and ownership, the "owned" category holds the larger market share, as many people prefer to own their homes rather than rent. Owning a home can provide a sense of stability and security, and it can also serve as a sound investment. Additionally, many individuals believe that homeownership is a necessary aspect, and there are often more government incentives for it. The government offers tax breaks for homeowners and provides subsidies for mortgages. These incentives can make it more affordable for people to buy homes, thereby further increasing the demand for owned properties.

 

Building Construction Market Segmentation

By Type

• Residential
• Commercial
• Others

By Construction 

• New Construction
• Renovation

By Application

• Owned
• Rental

By End User 

• Private
• Public

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Building Construction Market companies

• Actividades de Construcción y Servicios, S.A.
• Hochtief AG
• Greenland Holding Group
• The Metallurgical Corp of China
• Skanska AB
• Lennar Corporation
• DLF
• Country Garden Holdings Co. Ltd
• Vinci
• Daiwa House Group
• D.R. Horton Inc
• China State Construction Engineering Corporation Ltd
• Bouygues SA
• China Evergrande Group
• Sunac China Holdings Ltd
• Shapoorji Pallonji
• Power Construction Corp of China

 

*List not exhaustive

Building Construction Market Outlook 2023

1 Market Overview

1.1 Introduction to the Building Construction Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Building Construction Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Building Construction Market Companies with Area Served

4.2.2 Products Offerings Global Building Construction Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 post-COVID-19 Scenario- Reference Growth Case

5.1.4 post-COVID-19 Scenario- Low Growth Case

 

6 Global Building Construction Market Trends

6.1 Global Building Construction Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Building Construction Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Building Construction Revenue (USD Million) and CAGR (%) by regions (2018-2030)

 

7 Global Building Construction Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Building Construction Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Building Construction Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Building Construction Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Building Construction Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Building Construction Development Regional Status and Outlook

8.1 Global Building Construction Revenue (USD Million) By Regions (2018-2022)

8.2 North America Building Construction Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Building Construction Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Building Construction Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Building Construction Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Building Construction Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Building Construction Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Building Construction Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Building Construction Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Building Construction Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Building Construction Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Building Construction Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Building Construction Revenue (USD Million) by Applications (2018-2022)

8.5 South America Building Construction Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Building Construction Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Building Construction Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Building Construction Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Building Construction Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Building Construction Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Building Construction Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Building Construction Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Building Construction Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Building Construction Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Building Construction Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Building Construction Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Building Construction Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Building Construction Development Regional Status and Outlook Forecast

11.1 Global Building Construction Revenue (USD Million) By Regions (2023-2030)

11.2 North America Building Construction Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Building Construction Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Building Construction Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Building Construction Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Building Construction Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Building Construction Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Building Construction Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Building Construction Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Building Construction Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Building Construction Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Building Construction Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Building Construction Revenue (USD Million), by Applications (2023-2030)

11.5 South America Building Construction Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Building Construction Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Building Construction Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Building Construction Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Building Construction Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Building Construction Revenue (USD Million), by region (2023-2030)

11.6.2 Middle East and Africa Building Construction Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Building Construction Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Building Construction Market Companies with Areas Served

Table 3 Products Offerings Global Building Construction Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Building Construction Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Building Construction Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Building Construction Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Building Construction Revenue (USD Million) By Type (2018-2022)

Table 11 Global Building Construction Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Building Construction Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Building Construction Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Building Construction Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Building Construction Market Share (%) By Regions (2018-2022)

Table 16 North America Building Construction Revenue (USD Million) By Country (2018-2022)

Table 17 North America Building Construction Revenue (USD Million) By Type (2018-2022)

Table 18 North America Building Construction Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Building Construction Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Building Construction Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Building Construction Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Building Construction Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Building Construction Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Building Construction Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Building Construction Revenue (USD Million) By Country (2018-2022)

Table 26 South America Building Construction Revenue (USD Million) By Type (2018-2022)

Table 27 South America Building Construction Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Building Construction Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Building Construction Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Building Construction Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Building Construction Revenue (USD Million) By Type (2023-2030)

Table 33 Global Building Construction Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Building Construction Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Building Construction Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Building Construction Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Building Construction Revenue (USD)By Country (2023-2030)

Table 38 North America Building Construction Revenue (USD Million) By Type (2023-2030)

Table 39 North America Building Construction Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Building Construction Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Building Construction Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Building Construction Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Building Construction Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Building Construction Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Building Construction Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Building Construction Revenue (USD Million) By Country (2023-2030)

Table 47 South America Building Construction Revenue (USD Million) By Type (2023-2030)

Table 48 South America Building Construction Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Building Construction Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Building Construction Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Building Construction Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Building Construction Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Building Construction Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Building Construction Revenue Market Share (%) By Type (2022)

Figure 5 Global Building Construction Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Building Construction Revenue Market Share (%) By Applications (2022)

Figure 7 Global Building Construction Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Building Construction Market Share (%) By Regions (2022)

Figure 9 North America Building Construction Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Building Construction Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Building Construction Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Building Construction Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Building Construction Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Building Construction Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Building Construction Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Building Construction Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Building Construction Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Building Construction Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Building Construction Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Building Construction Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Building Construction Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Building Construction Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Building Construction Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Building Construction Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Building Construction Revenue Market Share (%) By Type (2030)

Figure 26 Global Building Construction Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Building Construction Revenue Market Share (%) By Applications (2030)

Figure 28 Global Building Construction Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Building Construction Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Building Construction Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Building Construction Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Building Construction Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Building Construction Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Building Construction Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Building Construction Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Building Construction Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Building Construction Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Building Construction Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Building Construction Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Building Construction Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Building Construction Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Building Construction Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Building Construction Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Building Construction Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

 

 

Building Construction Market Segmentation

By Type

• Residential
• Commercial
• Others

By Construction 

• New Construction
• Renovation

By Application

• Owned
• Rental

By End User 

• Private
• Public

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)