This report describes and evaluates the global nonresidential building construction market. It covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031.
The global nonresidential building construction market reached a value of nearly $2,675.5 billion in 2021, having increased at a compound annual growth rate (CAGR) of 4.7% since 2016. The market is expected to grow from $2,675.5 billion in 2021 to $4,111.6 billion in 2026 at a rate of 9.0%. The market is then expected to grow at a CAGR of 7.4% from 2026 and reach $5,881.7 billion in 2031.
Growth in the historic period resulted from strong economic growth in emerging markets, low interest rate environment and rapid growth in the elderly population. Factors that negatively affected growth in the historic period were outbreak of coronavirus disease (COVID-19) and the Evergrande crisis in China.
Going forward, rapidly growing urban population, increasing population growth, a rise in disposable income, increasing infrastructure development expenditure by governments and the resumption of work from office post COVID-19 will drive market growth. Factors that could hinder the growth of the nonresidential building construction market in the future include health and safety issues and rising material costs.
The nonresidential building construction market is segmented by type into institutional buildings, commercial buildings. The commercial buildings market was the largest segment of the nonresidential building construction market segmented by type, accounting for 65.2% of the total in 2021 and commercial buildings segment is expected to be the fastest growing segment going forward, at a CAGR of 9.6% during 2021-2026.
The nonresidential building construction market is segmented by end-user sector into private and public. The private market was the largest segment of the nonresidential building construction market segmented by end-user sector, accounting for 71.3% of the total in 2021 and private segment is expected to be the fastest growing segment going forward, at a CAGR of 9.3% during 2021-2026.
The nonresidential building construction market is segmented by building type into non-residential smart buildings, traditional buildings. The traditional buildings market was the largest segment of the nonresidential building construction market segmented by building type, accounting for 99.4% of the total in 2021 and non-residential smart buildings segment is expected to be the fastest growing segment going forward, at a CAGR of 14.0% during 2021-2026.
Asia Pacific was the largest region in the global nonresidential building construction market, accounting for 42.4% of the total in 2021. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the nonresidential building construction market will be Africa and Asia Pacific, where growth will be at CAGRs of 17.3% and 9.2% respectively. These will be followed by Eastern Europe, and South America where the markets are expected to grow at CAGRs of 8.92% and 8.86% respectively, during 2021-2026.
The nonresidential building construction market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 4.73% of the total market in 2021. Major players in the market are China State Construction Engineering Co., Ltd., Shanghai Construction Group Co., Ltd., Hochtief AG, Vinci S.A., Bouygues SA and Greenland Holding Group.
The top opportunities in the nonresidential building construction market segmented by type will arise in the commercial buildings segment, which will gain $1,014.3 billion of global annual sales by 2026. The top opportunities in the nonresidential building construction market segmented by end-user sector will arise in the private segment, which will gain $1,071.6 billion of global annual sales by 2026. The top opportunities in the nonresidential building construction market segmented by building type will arise in the traditional buildings segment, which will gain $1,420.3 billion of global annual sales by 2026. The nonresidential building construction market size will gain the most in the USA region at $381.1 million.
Market-trend-based strategies for the nonresidential building construction market include green construction projects, use of autonomous construction vehicles, a rise in modular construction, use of advanced building materials to improve construction, construction robotics and a rise in 3D construction printing.
Player-adopted strategies in the nonresidential building construction market include focus on expanding presence through contracts and agreements, expanding product portfolio, expanding business by working on new projects globally and focus on strengthening product portfolio by introducing advanced products needed for construction.
To take advantage of the opportunities, the publisher recommends the nonresidential building construction companies to focus on green construction projects, use autonomous construction vehicles, focus on modular construction, use advanced building materials, expand in emerging markets, focus on mergers and acquisitions, offer value-based pricing, offer competitive pricing, continue to participate in trade shows and events, target corporates and target healthcare and education institutions.
The global nonresidential building construction market reached a value of nearly $2,675.5 billion in 2021, having increased at a compound annual growth rate (CAGR) of 4.7% since 2016. The market is expected to grow from $2,675.5 billion in 2021 to $4,111.6 billion in 2026 at a rate of 9.0%. The market is then expected to grow at a CAGR of 7.4% from 2026 and reach $5,881.7 billion in 2031.
Growth in the historic period resulted from strong economic growth in emerging markets, low interest rate environment and rapid growth in the elderly population. Factors that negatively affected growth in the historic period were outbreak of coronavirus disease (COVID-19) and the Evergrande crisis in China.
Going forward, rapidly growing urban population, increasing population growth, a rise in disposable income, increasing infrastructure development expenditure by governments and the resumption of work from office post COVID-19 will drive market growth. Factors that could hinder the growth of the nonresidential building construction market in the future include health and safety issues and rising material costs.
The nonresidential building construction market is segmented by type into institutional buildings, commercial buildings. The commercial buildings market was the largest segment of the nonresidential building construction market segmented by type, accounting for 65.2% of the total in 2021 and commercial buildings segment is expected to be the fastest growing segment going forward, at a CAGR of 9.6% during 2021-2026.
The nonresidential building construction market is segmented by end-user sector into private and public. The private market was the largest segment of the nonresidential building construction market segmented by end-user sector, accounting for 71.3% of the total in 2021 and private segment is expected to be the fastest growing segment going forward, at a CAGR of 9.3% during 2021-2026.
The nonresidential building construction market is segmented by building type into non-residential smart buildings, traditional buildings. The traditional buildings market was the largest segment of the nonresidential building construction market segmented by building type, accounting for 99.4% of the total in 2021 and non-residential smart buildings segment is expected to be the fastest growing segment going forward, at a CAGR of 14.0% during 2021-2026.
Asia Pacific was the largest region in the global nonresidential building construction market, accounting for 42.4% of the total in 2021. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the nonresidential building construction market will be Africa and Asia Pacific, where growth will be at CAGRs of 17.3% and 9.2% respectively. These will be followed by Eastern Europe, and South America where the markets are expected to grow at CAGRs of 8.92% and 8.86% respectively, during 2021-2026.
The nonresidential building construction market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 4.73% of the total market in 2021. Major players in the market are China State Construction Engineering Co., Ltd., Shanghai Construction Group Co., Ltd., Hochtief AG, Vinci S.A., Bouygues SA and Greenland Holding Group.
The top opportunities in the nonresidential building construction market segmented by type will arise in the commercial buildings segment, which will gain $1,014.3 billion of global annual sales by 2026. The top opportunities in the nonresidential building construction market segmented by end-user sector will arise in the private segment, which will gain $1,071.6 billion of global annual sales by 2026. The top opportunities in the nonresidential building construction market segmented by building type will arise in the traditional buildings segment, which will gain $1,420.3 billion of global annual sales by 2026. The nonresidential building construction market size will gain the most in the USA region at $381.1 million.
Market-trend-based strategies for the nonresidential building construction market include green construction projects, use of autonomous construction vehicles, a rise in modular construction, use of advanced building materials to improve construction, construction robotics and a rise in 3D construction printing.
Player-adopted strategies in the nonresidential building construction market include focus on expanding presence through contracts and agreements, expanding product portfolio, expanding business by working on new projects globally and focus on strengthening product portfolio by introducing advanced products needed for construction.
To take advantage of the opportunities, the publisher recommends the nonresidential building construction companies to focus on green construction projects, use autonomous construction vehicles, focus on modular construction, use advanced building materials, expand in emerging markets, focus on mergers and acquisitions, offer value-based pricing, offer competitive pricing, continue to participate in trade shows and events, target corporates and target healthcare and education institutions.
Table of Contents
1. Nonresidential Building Construction Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Nonresidential Building Construction Market Characteristics
10. Nonresidential Building Construction Market Customer Information
11. Nonresidential Building Construction Market Trends And Strategies
12. Impact Of COVID-19 On The Nonresidential Building Construction Market
13. Global Nonresidential Building Construction Market Size And Growth
14. Nonresidential Building Construction Market, Regional Analysis
15. Global Nonresidential Building Construction Market Segmentation
16. Global Nonresidential Building Construction Market Comparison with Macro Economic Factors
17. Asia-Pacific Nonresidential Building Construction Market
18. Western Europe Nonresidential Building Construction Market
19. Eastern Europe Nonresidential Building Construction Market
20. North America Nonresidential Building Construction Market
21. South America Nonresidential Building Construction Market
22. Middle East Nonresidential Building Construction Market
23. Africa Nonresidential Building Construction Market
24. Global Nonresidential Building Construction Market Competitive Landscape
25. Key Mergers And Acquisitions In The Nonresidential Building Construction Market
26. Market Background: Buildings Construction Market
27. Global Nonresidential Building Construction Market Opportunities And Strategies
28. Nonresidential Building Construction Market, Conclusions And Recommendations
29. Appendix
List of Tables
Executive Summary
Nonresidential Building Construction Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global nonresidential building construction market as it emerges from the COVID-19 shut down.Reasons to Purchase
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
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Description:
Where is the largest and fastest growing market for nonresidential building construction? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The nonresidential building construction market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider nonresidential building construction market; and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - This section gives the segmentation of the nonresidential building construction market by geography, by type, by end-user sector, and by building type covered in this report.
- Market Characteristics - The market characteristics section of the report defines and explains nonresidential building construction market. This section also defines and describes goods and related services covered in the report.
- Product Analysis - The product analysis section of the report describes the leading products in the market along with key features and differentiators for those products.
- Supply Chain - The supply chain section of the report defines and explains the key players in the nonresidential building construction industry supply chain.
- Customer Information - This section covers recent customers’ trends/preferences in the global nonresidential building construction market.
- Trends And Strategies - This section describes the major trends shaping the global nonresidential building construction market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact of COVID-19 - This section describes the impact of COVID-19 on the nonresidential building construction market.
- Global Market Size And Growth - This section contains the global historic (2016-2021) and forecast (2021-2026, 2031) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2016-2021), forecast (2021-2026, 2031) market value and growth and market share comparison by region.
- Segmentation - This section contains the market values (2016-2021, 2021-2026, 2031) and analysis for different segments in the market.
- Global Macro Comparison - The global nonresidential building construction market comparison with macro-economic factors gives the nonresidential building construction market size, percentage of GDP, and average Nonresidential building construction market expenditure.
- Regional Market Size and Growth - This section contains the region’s market size (2021), historic and forecast (2021-2026, 2031) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
- Competitive Landscape - This section covers details on the competitive landscape of the global nonresidential building construction market, estimated market shares and company profiles for the leading players.
- Key Mergers And Acquisitions - This section gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Background - This section describes the buildings construction market of which the nonresidential building construction market is a segment. This section includes the global buildings construction market 2016-26 values, and regional analyses for the buildings construction market.
- Market Opportunities And Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for nonresidential building construction providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Type: Institutional Buildings; Commercial Buildings2) By End-User Sector: Private; Public
3) By Building Type: Non-Residential Smart Buildings; Traditional Buildings
Companies Mentioned: China State Construction Engineering Co., Ltd.; Shanghai Construction Group Co., Ltd.; Hochtief AG; Vinci S.A.; Bouygues SA
Countries: China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia, South Korea, Singapore, Thailand, Indonesia, Vietnam, Philippines, Malaysia, New Zealand, Hong Kong, Belgium, Sweden, Austria, Denmark, Netherlands, Norway, Finland, Portugal, Switzerland, Ireland, Poland, Czech Republic, Romania, Canada, Mexico, Argentina, Peru, Venezuela, Colombia, Chile, Saudi Arabia, Turkey, UAE, Israel, South Africa, Egypt, Nigeria
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; nonresidential building construction indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- China State Construction Engineering Co., Ltd.
- Shanghai Construction Group Co., Ltd.
- Hochtief AG
- Vinci S.A.
- Bouygues SA
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 459 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 2675.5 Billion |
| Forecasted Market Value ( USD | $ 5881.7 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
