Religious Buildings Market Report 2025

The religious buildings market size has grown marginally in recent years. It will grow from $21.54 billion in 2024 to $21.94 billion in 2025 at a compound annual growth rate (CAGR) of 1.8%. The growth in the historic period can be attributed to religious practices and worship, community growth and demographics, cultural and architectural heritage, urban development and zoning, migration, and diaspora communities.

The religious buildings market size is expected to see steady growth in the next few years. It will grow to $24.12 billion in 2029 at a compound annual growth rate (CAGR) of 2.4%. The growth in the forecast period can be attributed to cultural and interfaith dialogue, community outreach and social services, sustainability and environmental considerations, adaptation to changing religious practices, urban renewal, and redevelopment. Major trends in the forecast period include community engagement initiatives, preservation and restoration, art and symbolism, adaptive reuse of historic buildings, accessibility and inclusivity.

The rising trend in religious donations is anticipated to boost the growth of the religious building market in the future. Religious donations refer to contributions made for the benefit of a religious organization, which are used entirely or significantly by that organization. These donations are typically allocated for constructing structures or places of worship (religious buildings), funding education programs, supporting missionary efforts, and providing wellness initiatives (regardless of religion, nationality, or race). For example, in April 2023, the Office of International Religious Freedom, a U.S. Department of State entity, reported that the UK government announced it would allocate $31.1 million (£24.5 million) to Muslim groups and $4.4 million (£3.5 million) to other non-Jewish faith groups for enhancing security in their places of worship and schools in England and Wales. Additionally, the government has provided $22.9 million (£18 million), which is $5 million (£4 million) more than the previous year. Thus, the increasing religious donations are driving the growth of the religious building market.

The expansion of the construction industry is expected to drive the growth of the religious building market in the future. Construction activities have been increasing due to rapid industrialization and urbanization. A growing economy typically results in heightened construction activities, including the building of religious structures. As communities and individuals experience economic prosperity, the demand for new religious spaces may rise. For example, in February 2024, the Office for National Statistics, a UK-based government department, reported that the total annual construction output grew by 2% in 2023 compared to the previous year, 2022. Therefore, the growth in the construction industry is contributing to the expansion of the religious building market during the forecast period.

Technological advancement emerges as a notable trend gaining traction in the religious building market. Major players in the market are directing their efforts toward leveraging various construction technologies, such as 3D printing, to enhance their market standing. 3D printing involves the manufacturing of construction elements or entire buildings using a 3D printer to print materials such as concrete, polymer, metal, or others layer by layer. For instance, in February 2022, the Lake California Community Church partnered with Don Ajamian Construction to construct a church using 3D printing technology, significantly reducing construction costs and achieving optimal acoustics through the innovative interior wall design.

Prominent organizations in the religious buildings market are securing investments to develop more affordable housing options for homeless individuals. In October 2023, St. Luke’s Episcopal Church secured a $7 million state funding to construct a 55-unit affordable housing development in New Haven. This initiative aims to increase the availability of affordable housing in the city, contributing to the broader effort to revitalize neighboring areas.

In October 2022, M. B. Kahn Construction Co Inc, a Columbia-based general contractor, announced its acquisition agreement with McKenzie Construction Corporation for an undisclosed amount. This strategic acquisition positions M. B. Kahn Construction to enhance its presence in the U.S. market and better serve its clients, potentially expanding its capabilities, including the construction of religious buildings. McKenzie Construction Corporation, based in the U.S., offers full-service construction and renovation services for residential, commercial, and industrial properties, including religious buildings.

Major companies operating in the religious buildings market include Stenz Construction Corporation, Skanska AB, Vinci SA, Turner Construction Company, Lincoln Construction Co., Churches by Daniels Inc., Hochtief AG, BGW Architects, Delphi Construction Inc., Marker Inc., Hencken & Gaines Inc., CB Construction LLC, Scherrer Construction Co. Inc., Tejjy Inc., Hankins Construction Company, Clark Construction Group LLC, Hensel Phelps Construction Co., PCL Construction Enterprises Inc., McCarthy Building Companies Inc., The Whiting-Turner Contracting Company, Gilbane Building Company, M. A. Mortenson Co., JE Dunn Construction, Balfour Beatty US, Webcor Builders Inc., Swinerton Builders, DPR Construction, Holder Construction Company, Brasfield & Gorrie LLC, The Henry C. Beck Company, Ryan Companies US Inc., Hoffman Construction Company, The Boldt Company, The Korte Company.

Asia-Pacific was the largest region in the religious buildings market in 2024. The regions covered in the religious buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the religious buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A religious building refers to a specially designed structure intended for religious activities, where individuals or groups engage in acts of devotion and religious study. These locations serve as places for members of religious communities to come together to commemorate significant events in life, such as births, fostering a sense of shared belief and community connection.

The main types of religious buildings can be categorized as residential and non-residential. Residential religious buildings are those inhabited by a community of monks or nuns. Various construction activities associated with religious buildings include new construction, repair and maintenance, refurbishment, and demolition. These structures are utilized in various applications, including ownership and rental.

The religious buildings market research report is one of a series of new reports that provides religious buildings market statistics, including religious buildings industry global market size, regional shares, competitors with a religious buildings market share, detailed religious buildings market segments, market trends, and opportunities, and any further data you may need to thrive in the religious buildings industry. The religious buildings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The religious buildings market includes revenues earned by entities by constructing religious buildings such as a church, mosques, temples, and synagogues that serve as a place of worship. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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