Factory Buildings Global Market Report 2023 – By Type (Residential, Non-residential), By Material (Aggregates, Bricks, Cement), By Construction Type (New Construction, Renovation), By Application (Owned, Rental), By End User (Private, Public) – Market Size, Trends, And Global Forecast 2023-2032

Precast concrete refers to a type of concrete that is prepared, cast, and cured off-site using reusable molds, typically in a controlled factory setting, as it is easier to control the mix, placement, and curing of precast because it is produced in a managed casting environment to provide functional versatility in parking garages, bridges, office buildings, stadiums, shops, and housing with repetitive and modular elements. The main precast concrete products are structural building components, architectural building components, transportation products, water and waste handling products, and others. Structural building components are used for rapid works of structural buildings. The precast building is made up of various precast components such as footings, beams, slabs, columns, walls, and facades, among others. The elements of precast concrete include columns and beams, floors and roofs, walls and barriers, girders, pipes, paving slabs, utility vaults, and others which are used by end-users such as residential, non-residential, and infrastructure. The global precast concrete market is segmented - 1) By Product: Structural Building Components, Architectural Building Components, Transportation Products, Water and Waste Handling Products, Other Products 2) By Element: Columns and Beams, Floors and Roofs, Walls and Barriers, Girders, Pipes, Paving Slabs, Utility Vaults, Other Elements 3) By End User: Residential, Non-residential, Infrastructure The global precast concrete market size will grow from $102.24 billion in 2022 to $109.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the precast concrete is expected to grow to $141.59 billion in 2027 at a CAGR of 6.7%. Increasing expenditure on road and water infrastructure is significantly driving the growth of the precast concrete market. The use of precast concrete offers major time and user cost savings in comparison with the traditional cast-in-place methods of construction. Emerging and advanced economies are increasing their spending on road and water infrastructure to bridge the gap between the required infrastructure and available infrastructure. Governments of various countries are increasing their expenditure on infrastructural developments to bridge this gap. For instance, in September 2021, the Indian government announced road projects worth INR 1 lakh crore ($13.48 billion) to develop road infrastructure in Jammu and Kashmir. The number of national highways in the region has also increased, from 7 in 2014 to 11 in 2021. These infrastructural developments will invariably increase the demand for precast concrete products. Therefore, the increasing expenditure on road and water infrastructure drives the growth of precast concrete market over the coming years. Major players in the precast concrete market are Boral, LafargeHolcim, Gulf Precast, Olsan Precast, Forterra, Spancrete, ELO Beton, Balfour Beatty plc, CEMEX, Laing O’Rourke, Julius Berger Nigeria PLC., GRH, Skanska AB, Gulermak A.S, Oldcastle Precast, Elematic, Atco Group, Coreslab, Coltman Precast Concrete, Larsen & Toubro, HEIDELBERGCEMENT AG., ElementbauOsthessen, ELO KG, Taisei Corporation and Kiewit Corporation. 3D printing is a key trend gaining popularity in the precast concrete market. Major companies operating in the precast concrete sector are focused on developing new 3D printing solutions to strengthen their position. For instance, in December 2021, CEMEX, a renowned precast concrete company based in Mexico, and Denmark-based COBOD International, a key player in construction-grade 3D printers, launched a 3D printing solution that incorporates traditional ready-mix concrete into the construction process. In comparison to traditional construction and other 3D printing methods, the solution saves time and money. CEMEX and COBOD created this 3D printing solution using an innovative admixture that allows the use of conventional concrete, allowing the consumption of locally and readily available materials. In July 2021, Forterra, a leading manufacturer of water and drainage pipe and products in the United States, acquired Barbour Concrete Company and Barbour Building Systems for an undisclosed amount. With this acquisition, Forterra intends to offer a broader range of products as well as access to technical expertise that will aid in the development of customized services for a range of end-users. Barbour Concrete Company & Barbour Building Systems is a company based in the United States that manufactures precast concrete products. Europe was the largest region in the precast concrete market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precast concrete market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the precast concrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The precast concrete market consists of sales of precast floor slabs, precast beams, precast walls, precast columns, and precast staircases. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. 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. The precast concrete market research report is one of a series of new reports from The Business Research Company that provides precast concrete market statistics, including precast concrete industry global market size, regional shares, competitors with a precast concrete market share, detailed precast concrete market segments, market trends and opportunities, and any further data you may need to thrive in the precast concrete industry. This precast concrete 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 engineered stone refers to a composite slab of stone that is prepared from 90% crushed quartz and that is bound together utilizing a polymer resin, and the rest of 10% is prepared with extra materials such as metals, mirrors, or colored glass that are mixed in for aesthetic reasons. The engineered stone is utilized anywhere that slab stones such as marble or granite are used, but a majority of customers and industries utilize engineered stone for their kitchen and bathroom countertops. The key types of engineered stone products include tiles, blocks, and slabs, manufactured using processes such as cold-curing and hot-curing. Tiles, blocks, and slabs manufactured from engineered stone are used across a broad range of furnishing applications like kitchen worktops, flooring, raised flooring, internal and external cladding, vanity tops, and bathroom furnishings for little or large, public or private projects for houses and enormous commercial areas. The key applications of engineered stone include kitchen countertops, bathroom countertops, flooring, facades, and walls. The global engineered stone market is segmented - 1) By Type: Tiles and Blocks, Slabs 2) By Process: Cold Curing, Hot Curing 3) By Application: Kitchen Countertops, Bathroom Countertops, Flooring, Facades, Walls The global engineered stone market size will grow from $22.48 billion in 2022 to $24.52 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global engineered stone market is expected to grow to $34.36 billion in 2027 at a CAGR of 8.8%. The high growth in the construction industry is expected to propel the growth of the engineered stone market. Engineered stones are widely used in the construction of residential projects for kitchen countertops, floors, façade tiles, and other architectural applications. The added benefits of engineered stone, such as bacteria-resistant nature, scratch-resistant nature, and heat resistance, make them an ideal choice for residential and commercial construction projects. The rapid surge in construction of commercial and residential projects is expected to boost the usage of engineered stones during the forecast period. For instance, according to the Office of National Statistics UK, the monthly construction output increased by 3.5% in volume in November 2021. Also, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Major players in the engineered stone market are LG Hausys, Johnson Marble & Quartz, Technistone A.S., Caesarstone Ltd., Belenco, Quarella Group Ltd., Quartzforms, Stone Italiana S.p.A, VICOSTONE, Diresco, Viatera, Santa Margherita Spa, Silestone, Tchnistone, and Topzstone. The key players in the engineered stone market are focusing on the manufacturing and development of engineered stone from recycled materials to meet their efforts towards sustainability and a low-carbon future. For instance, in March 2021, Stone Italiana, an Italy-based manufacturer of engineered stone, launched a new range of engineered stone called Cosmolite, manufactured from inert pre-consumer recycled materials. This stone was certified with LEED v4 Green Gold, NSF 51 Food Contact and the ability to produce low volatile organic compound emissions. In September 2020, The Engineered Stone Group, an Australian-based company, acquired F & D Group, a Europe-based company involved in the manufacturing of engineered stone shower trays and washbasins, for an undisclosed amount. This acquisition helps position the ES Group as a leader in the engineered stone bathroom products space, a developing segment within the broader bathroom products market. Asia-Pacific was the largest region in the engineered stone market share in 2022. The regions covered in the global engineered stone market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Engineered Stone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The engineered stone market consists of sales of Caesarstone, dekton, quartz, and Silestone. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. 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. The engineered stone research report is one of a series of new reports from The Business Research Company that provides engineered stone statistics, including engineered stone industry global market size, regional shares, competitors with engineered stone shares, detailed engineered stone segments, market trends and opportunities, and any further data you may need to thrive in the engineered stone industry. This engineered stone research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Modular and prefabricated non-residential building construction is the process of building, altering, repairing, improving, or demolishing any non-residential building or structure which is developed off-site using the same resources and constructing the same codes and specifications as conventionally designed structures but in about half the time. The main types of modular and prefabricated non-residential building construction are standard metal, agricultural metal, modular non-metal, and panelized precast non-metal. A standard metal is a solid material that is usually hard, opaque, and lustrous, with strong electrical and thermal conductivity. The applications of modular and prefabricated non-residential building construction include institutional, industrial, commercial, and agricultural building construction, and the end-users are private and public companies. The global modular and prefabricated nonresidential building construction market is segmented - 1) By Type: Standard Metal, Agricultural Metal, Modular Nonmetal, Panelized Precast Nonmetal 2) By Application: Institutional, Industrial, Commercial, Agricultural 3) By End User: Private, Public The global modular and prefabricated nonresidential building construction market size will grow from $68.78 billion in 2022 to $72.56 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global modular and prefabricated nonresidential building construction is expected to grow to $89.74 billion in 2027 at a CAGR of 5.5%. The global modular and prefabricated nonresidential building construction market is expected to grow in the forecast period due to an increase in urbanisation and industrialization. According to the World Economic Forum, in 2020, 56.2 percent of the world's population was urban. In Northern American countries, urban populations accounted for the greatest proportion—83.6 percent of residents lived in cities in 2020. As per World Urbanization Prospects by the United Nations, the largest urban growth will take place in India, China, and Nigeria. The rapid growth and development of urban housing demands more precise planning timelines and reduced prices. Due to this, construction firms are adopting cost-effective, proven technologies like precasting to ensure the highest standards and uniform quality that can be met by prefabricated technology. Major players in the modular and prefabricated nonresidential building construction market are Algeco Scotsman, Butler Manufacturing Company, Inc., Champion Home Builders, Inc., Red Sea Housing, Lindal Cedar Homes, Kirby Building Systems, Alan Pre-Fab Building Corp., ALHO Systembau GmbH, Allied Modular Building Systems Inc., American Buildings Company. The modular and prefabricated nonresidential building construction industry is considered to be slow and conservative in adopting innovative and new technologies. The construction sector comprises numerous small suppliers, and the R&D budget is also limited in comparison to other sectors. In developing or underdeveloped countries of the Asia-Pacific region, as well as in Africa and South America, people are less aware of this construction method, the advantages it offers, and the recyclability of modular buildings. Therefore, it is important to educate consumers regarding the positive effects of modular construction on the environment and the way it can contribute to a healthy lifestyle. Cross-laminated timber (CLT) is one of the promising technologies in the timber construction segment of the wood industry. The demand for CLT is increasing in non-residential building construction, such as schools, restaurants, stores, and warehouses, which is used as an alternative to steel and concrete because wood is evolving as a low-cost alternative. In the construction industry, 3D printing can be used to create construction components or to print entire buildings. 3D printing construction is majorly used for building complex components for private, commercial, and industrial construction. It provides advantages such as low labour costs, faster construction, and higher accuracy. The DFAB House is the world’s first inhabited house that was both digitally planned and built. For instance, in October 2022, Luyten 3D, an Australia-based building and construction company providing 3D printing technology, launched Platypus X12 concrete printer, an AI-powered mobile concrete 3D printer for application in the building and construction industry. It is one of the world’s largest printers and flexible to transform in size of 12 x 6 mobile crane in 20 minutes, which helps in expanding its capability to print large-scale structures. It has the capabilities of integrating acoustic and optical-based artificial intelligence for data-driven concrete printing. Moreover, the printer has an anti-clogging head that is patented. In December 2020, Wienerberger AG, an Austria-based company supplying international building and infrastructural solutions acquired Meridian Brick for $ 250 million ($0.25 billion). Through this acquisition, Wienerberger AG gained Meridian Brick masonry solutions portfolio which would immediately double Wienerberger’s North American revenues to more than $800 million ($0.8 billion). Meridian Brick is a US-based supplier company providing sustainable and innovative masonry solution in key regions including Texas, South East USA, and Ontario as well as the largest brick consuming area in Canada. The company's product portfolio consists primarily of innovative systems for the building envelope for residential and commercial applications. Asia-Pacific was the largest region in the modular and prefabricated nonresidential building construction market in 2022. Africa is expected to be the fastest-growing region in the global modular and prefabricated nonresidential building construction market share during the forecast period. The regions covered in the global modular and prefabricated nonresidential building construction market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the modular and prefabricated nonresidential building construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The modular and prefabricated nonresidential building construction market includes revenues earned by entities by constructing modular and prefabricated non-residential buildings such as offices, sports, and college buildings. The establishments in this market include non-residential general contractors, non-residential for-sale builders, non-residential design-build firms, and non-residential project construction management firms. The modular and prefabricated nonresidential building construction market work performed includes new work, additions, alterations, maintenance, and repairs. 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. The modular and prefabricated nonresidential building construction market research report is one of a series of new reports from The Business Research Company that provides modular and prefabricated nonresidential building construction market statistics, including modular and prefabricated nonresidential building construction industry global market size, regional shares, competitors with a modular and prefabricated nonresidential building construction market share, detailed modular and prefabricated nonresidential building construction market segments, market trends and opportunities, and any further data you may need to thrive in the modular and prefabricated nonresidential building construction industry. This modular and prefabricated nonresidential building construction 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 building and road construction equipment refer to self-propelled or towed equipment used directly in building and road construction. The main product types of building and road construction equipment are motor graders, road rollers, wheel loaders, concrete mixers, bulldozers, and other product types. Motor graders are being used to finish grade the rough grading performed by heavy CE like scrapers and bulldozers. The equipment categories are earthmoving equipment, material-handling equipment, heavy construction vehicles, and other equipment categories. The various applications involved are building construction, and road construction. The global building and road construction equipment market is segmented - 1) By Product Type: Motor Graders, Road Roller, Wheel Loaders, Concrete Mixer, Bulldozers, Other Product Types 2) By Equipment Category: Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Other Equipment Categories 3) By Application: Building Construction, Road Construction The global building and road construction equipment market size will grow from $175.54 billion in 2022 to $194.84 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global building and road construction equipment is expected to grow to $282.41 billion in 2027 at a CAGR of 9.7%. Infrastructure development in emerging and developed countries propelled the building and road construction equipment market. Emerging and developed countries' governments and private sector are focusing on developing the infrastructure to keep up the GDP, meet the growing population needs, meet the levels of urbanization, and increase connectivity by developing highways and expressways. For instance, the total Indian investment in road construction was worth $22.4 billion with private investment accounting for 14% of the total investments. Furthermore, according to the World Bank, the private sector infrastructure investment commitments for low- and middle-income countries were valued at $76.2 billion in 2021, which was a 49% increase from 2020 globally. Governments and private sectors of developed and emerging sectors focus on infrastructure developments and require high-tech equipment for the construction process to make it easy and less time-consuming which further acts as a major driver for growth of the building and road construction equipment market. Major players in the building and road construction equipment market are AB Volvo, Caterpillar Inc., Komatsu Ltd., Liebherr Group, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Terex Corporation, The Atlas Copco Group, Deere & Company, and Sany Group. The high cost of equipment and initial setup is expected to hinder the building and road construction equipment market. The cost of equipment consists of the purchase price, sales tax, shipping cost, installation cost, and financing charges at the time of acquisition of the equipment. A new full-size excavator can cost between $100,000 and $500,000, where companies are required to make high investments, as the purchase also involve additional costs, adding to the financial burden on companies and hindering the construction and road construction equipment market. The manufacturing companies in building and road construction equipment market are concentrating on upgrading their technologies. The technology advancements aim to increase safety, productivity, and connectivity of equipment and decrease maintenance issues and costs. For instance, in March 2020, Komatsu, a Japan-based construction equipment manufacturer introduced hydraulic excavators*1 equipped with the KomVision Human Detection and Collision Mitigation System the company. The excavators are designed by advancing the 'KomVision' bird-view camera system equipped with conventional models in the Japanese market. The system identifies humans across the excavator and avoids the excavator from moving when the system detects people whenever the excavator starts to travel or swing. In October 2020, Volvo Construction Equipment, a USA-based manufacturer of construction equipment launched Volvo Active Control, an automated grading machine control system available on excavators EC250E, EC220E, and EC300E across North America. This system allows the operators to conveniently get the right depth and angle, reducing grading times by up to 45%. In March 2020, K-Tec Earthmovers Inc. (K-Tec), a Canadian company that manufactures efficient earthmoving scrapers for construction and mining sites merged with Ashland Industries (Ashland), a USA-based manufacturer of earthmoving equipment for the agricultural, industrial, and construction sectors. The merger is expected to allow both companies to offer an extensive product line of earthmoving scrapers in the industry. The combination also expects to provide shorter lead times for customers and accelerated product design and launch. Asia-Pacific was the largest region in the building and road construction equipment market in 2022. Western Europe was the second-largest region in the global building and road construction equipment market share. The regions covered in the global building and road construction equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the building and road construction equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The building and road construction equipment market consists of sales of asphalt mixing plants, forklift trucks, crawler excavators, truck cranes, and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. 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. The building and road construction equipment market research report is one of a series of new reports from The Business Research Company that provides building and road construction equipment market statistics, including building and road construction equipment industry global market size, regional shares, competitors with a building and road construction equipment market share, detailed building and road construction equipment market segments, market trends and opportunities, and any further data you may need to thrive in the building and road construction equipment industry. This building and road construction equipment 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.

Non-residential green buildings construction is the process of building, altering, repairing, improving, or demolishing any non-residential housing structure which is built to be environmentally sustainable using a detailed design and plan. The main product types of non-residential green buildings are interior products and exterior products. Interior products are low-impact natural materials, including natural clay plaster, natural fibre flooring, paperless drywall, and low VOC content paints and coatings, that replace synthetic materials in the interior finishes of green buildings. The major components include roofing, insulation, framing, exterior siding, interior finishing, and others and are used in offices, education, hotels and restaurants, retail, institutional/assembly, healthcare, and warehouses. The global nonresidential green buildings market is segmented - 1) By Product: Interior Products, Exterior Products 2) By Application: Office, Education, Hotels and Restaurants, Retail, Institutional/ Assembly, Healthcare, Warehouse 3) By Component: Roofing, Insulation, Framing, Exterior Siding, Interior Finishing, Other Components The global nonresidential green buildings market size will grow from $921.65 billion in 2022 to $1,034.1 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global non-residential green buildings is expected to grow to $1,644.71 billion in 2027 at a CAGR of 12.3%. An increasing need for sustainable and eco-friendly solutions has contributed to the growth of the nonresidential green buildings market. According to the USGBC (U.S. Green Building Council) report, green buildings can reduce carbon emissions by 34% and consume 25% less energy than conventional buildings. For instance, in 2021, according to the annual ranking report from the US Green Building Council (USGBC), China is ranked first with 1,077 certified LEED projects that reduced carbon emissions, followed by Canada with 205 LEED projects and India with 146 LEED projects. It has now become essential for commercial construction companies to give priority to sustainable design and construction techniques to utilise our planet's finite resources in a sensible way. Encouraging sustainable business practises is an important reason for building green in most countries, for the conservation of energy and protection of natural resources. Moreover, increased concerns about global warming resulted in sustainable and eco-friendly activities, which increased the demand for the growth of nonresidential green buildings market. Major players in the nonresidential green buildings market are Turner Corp., Clark Construction, AECOM, Swinerton, Hensel Phelps, Skanska, Whiting-Turner Contracting Co., Holder Construction, Webcor, Walsh Group. Concern about affordability and the perception that green is for high-end projects is expected to limit the growth of the non-residential green building market. It is associated with high-end projects, a perception that is growing worldwide. According to the North American Dodge Data & Analytics green building trends report, nearly 37% in the US and 36% in Canada perceive those green buildings are not affordable and are only meant for high-end projects, and 1/3 of respondents in Germany perceive accordingly. Similarly, around 41% of the UAE, 32% of Southeast Asians, and 37% of South Africans reported it as an obstacle and one of the major challenges. Decreasing affordability due to an increased perception that green is for high-end projects is limiting the growth of the market. Living roofs, or green roofs, are increasingly being implemented in green buildings. A green roof is a roof of a building that is covered with vegetation and soil, or a growing medium, planted over a waterproofing membrane. Green roofs last longer when compared to conventional roofs. They also reduce energy costs with natural insulation, reduce temperatures (heat and cold) by absorbing and trapping them, reduce storm water runoff, filter pollutants and carbon dioxide out of the air, and increase wildlife habitat in built-up areas. It is believed that to reduce the ambient temperature of the city by 2%, 8% of the roofs in the city must be greener. In the USA, around 25 cities have some sort of programme to encourage green roofs, and in Portland, Ore., it is mandatory to have vegetation cover 100% of the roofs on buildings in the central city over 20,000 square feet (with some exceptions). Therefore, green roofs are an emerging trend in the nonresidential green buildings market. Asia-Pacific was the largest region in the nonresidential green buildings market in 2022. Eastern Europe is expected to be the fastest-growing region in the global nonresidential green buildings market share during the forecast period. The regions covered in the global nonresidential green buildings analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the nonresidential green buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The nonresidential green buildings market construction market includes revenues earned by entities by constructing non-residential green buildings such as offices, sports, college buildings, and other commercial buildings. The establishments in this market include non-residential general contractors, non-residential for-sale builders, non-residential design-build firms, and non-residential project construction management firms. The non-residential green building construction work performed includes new work, additions, alterations, maintenance, and repairs. A Green building is an environment sustainable building which is designed, constructed and operated to minimize the environmental impacts. 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. The nonresidential green buildings market research report is one of a series of new reports from The Business Research Company that provides nonresidential green buildings market statistics, including nonresidential green buildings industry global market size, regional shares, competitors with a nonresidential green buildings market share, detailed nonresidential green buildings market segments, market trends and opportunities, and any further data you may need to thrive in the nonresidential green buildings industry. This nonresidential green 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.

Non-residential construction is the process of building, altering, repairing, improving, or demolishing any non-residential building or structure such as industrial buildings, commercial buildings, buildings for public entertainment, etc. 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 buildings that are implemented in various sectors, such as private and public. The global nonresidential building construction market is segmented - 1) By Type: Institutional Buildings, Commercial Buildings 2) By End User Sector: Private, Public 3) By Building Type: Nonresidential Smart Buildings, Traditional Buildings Subsegments Covered: Education Buildings, Public Convenience Buildings, Government Buildings, Religious Buildings, Healthcare Buildings, Office And Factory Buildings, Hospitality And Restaurant Buildings, Entertainment And Sports Buildings, Retail And Other Commercial Buildings The global nonresidential building construction market grew from $2791.54 billion in 2022 to $2903.75 billion in 2023 at a compound annual growth rate (CAGR) of 4.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nonresidential building construction market is expected to grow to $3294.4 billion in 2027 at a CAGR of 3.2%. 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, the 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. Major companies in the non-residential building construction market include Shanghai Construction Group Co., Ltd., Bouygues SA, Greenland Holding Group, Obayashi Corporation, Daiwa House Group. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the non-residential building construction market in 2020 as supply chains were disrupted due to trade restrictions and construction activities were affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in Wuhan, Hubei province of the People’s Republic of China and has spread globally, including Western Europe, North America, and Asia. Construction companies depend on the supply of raw materials and equipment from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, companies had to halt construction activities due to a lack of equipment and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the non-residential building construction market will recover from the shock over the forecast period as it is a “black swan” event and not related to ongoing or fundamental weaknesses in the market or the global economy. Building construction companies are increasingly using green construction techniques to build energy-efficient buildings and reduce construction costs. Green construction refers to the practise of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to the 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 materials are being widely used in the UK. Other green construction techniques such as cross-ventilation for a more natural environment, green construction software such as Construction Suite to ensure green compliance, and the Green Globes management tool are also being used in the construction industry. Asia-Pacific was the largest region in the non-residential building construction market in 2022. North America was the second-largest region in the non-residential building construction market. The regions covered in the global non-residential building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the non-residential building construction market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The non-residential building construction market includes revenues earned by entities by constructing non-residential buildings such as hotels, restaurants, educational buildings, health buildings, and other non-residential buildings. 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. The non-residential building construction market research report is one of a series of new reports from The Business Research Company that provides non-residential building construction market statistics, including non-residential building construction industry global market size, regional shares, competitors with a non-residential building construction market share, detailed non-residential building construction market segments, non-residential building construction market trends and opportunities, and any further data you may need to thrive in the non-residential building construction industry. This non-residential building construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the non-residential building construction industry.

Buildings construction is the process of building, altering, repairing, improving, or demolishing residential and non-residential buildings or structures using a detailed design and plan. The main types of building construction are residential building construction and non-residential building construction. Non-residential structures comprise non-residential structures as well as fixtures, facilities, and equipment that are integral to the structures as well as site clearance and preparation costs. The different types of buildings include smart buildings, traditional buildings, and those used by private and public industries. The global buildings construction market is segmented - 1) By Type: Residential Building Construction, Nonresidential Building Construction 2) By End User Sector: Private, Public 3) By Building Type: Smart Buildings, Traditional Buildings Subsegments Covered: Single-Family Housing Construction (Individual Houses), Multifamily Housing Construction (Apartments), New Housing For-Sale Builders, Residential Remodelers, Institutional Buildings, Commercial Buildings The global buildings construction market grew from $7079.99 billion in 2022 to $7557.41 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The buildings construction market is expected to grow to $9596.54 billion in 2027 at a CAGR of 6.2%. The population profile of most countries is becoming older, which is increasing the demand for elderly-friendly infrastructure. For instance, according to World Health Organization (WHO), an specialized government agency, between 2020 to 2050, the number of people with 80 years of age or older is expected to triple and reach to 426 million and by 2050, the number of people aged 60 and over will double to reach 2.1 billion So, the demand for infrastructural improvements that are "elderly" friendly will increase during the forecast period. Houses and the wider surroundings had to be adapted to be made safer and more inclusive. Better residential as well as non-residential buildings had to be made more accessible to the elderly. This resulted in increased building construction activity. Major companies in the building construction market include China State Construction Engineering Corporation Ltd., China Evergrande Group, Country Garden Holdings Co Ltd., Sunac China Holdings Ltd., Greenland Holding Group. Building construction costs are increasing steadily due to rising material costs. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil. A key component of asphalt, increased by 58% in 2021 from the year 2020. According to the latest Producer Price Index (PPI) released by the Bureau of Labour Statistics, in the US, prices paid for items used in residential construction jumped 1.7% in April 2021 and have increased by 12.4% over the last 12 months. According to the National Association of Home Builders (NAHB), softwood lumber prices jumped 6.5 percent in April 2021, marking a new high for the third month in a row. Lumber prices have risen by 52.0 percent since November 2020. High material prices will adversely affect the building construction market during the forecast period. Building construction companies are increasingly using green construction techniques to build energy-efficient buildings and reduce construction costs. Green construction refers to the practise of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. In the UK, 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 materials are being widely used in the UK. Other green construction techniques such as cross-ventilation for a more natural environment, green construction software such as Construction Suite to ensure green compliance, and the Green Globes management tool are also being used in the construction industry. For instance, some major companies using green construction techniques include Turner Construction Co., Clark Group, AECOM, Hensel Phelps, and Holder Construction. Asia-Pacific was the largest region in the building construction market in 2022. North America was the second-largest region in the building construction market. The regions covered in the building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the building construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The building construction market includes revenues earned by entities by constructing buildings such as hotels, houses, apartments, restaurants, schools, sports, offices, hospitals, governments, and other buildings. 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. The building construction market research report is one of a series of new reports from The Business Research Company that provides building construction market statistics, including building construction industry global market size, building construction market regional shares, competitors with a building construction market share, detailed building construction market segments, building construction market trends and opportunities, and any further data you may need to thrive in the building construction industry. This building construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the building construction industry.

The building inspection services market consists of the sales of building inspection services by entities (organizations, sole traders and partnerships) that evaluate all aspects of the building structure and component systems and prepare a report on the physical condition of the property, generally for buyers or others involved in real estate transactions. The main types of services in building inspection services are home inspection services, specific element inspection services, commercial building inspection services and others. Home inspection is enlisting the help of specialised firms or licenced personnel to conduct a complete examination of the property in order to identify any structural or mechanical problems. The different source types include in-house services, outsourced services and is used in various applications such as residential, commercial, others. The global building inspection services market is expected to grow from $11.35 billion in 2021 to $12.82 billion in 2022 at a compound annual growth rate (CAGR) of 13.0%. The growth in the building inspection services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $19.75 billion in 2026 at a CAGR of 11.4%. Rising urbanization around the world is expected to drive the building inspection services market. Increase in number of individuals moving to urban areas for employment, better lifestyles, and opportunities led to an expansion in urban areas. According to the United Nations Department of Economic and Social Affairs, about 4.4 billion people live in urban areas in 2020 and is projected to rise to 6.7 billion by 2050. Urbanization has increased the availability of affordable housing, infrastructure, and essential services. As infrastructure grows, it requires laws and legislation to determine the safety of buildings to prevent hazards and to provide the public with safe buildings that building inspection services can help with. Thus, increasing urbanization is a major factor that contributes to the growth of the demand for building inspection services market. Labor shortage is expected to hinder the building inspection services market. Finding labor for conducting building inspections is difficult particularly with specific skills. For instance, the San Jose’s fire department, in September 2020, reported there is a shortage of staff for conducting fire audits for new buildings. In 2019, the Philadelphia Department of Licenses and Inspections called for 800 more inspectors for building inspections. This staff crunch directly affects the reputation as they fail to cater to timely service and the revenue of the company as they are unable to take up more numerous inspections and thereby hinder the building inspection services market. Companies and governments are developing and employing drones for building inspections. Drones, also known as unmanned aerial vehicles (UAVs) or unmanned aircraft systems (UASs) are a flying robot that can be controlled remotely or independently operated through software-controlled flight plans in its embedded systems, working in conjunction with onboard sensors and GPS systems. Drones enable building inspections safer, faster as well as more cost-effective. In October 2020, Singapore analytics and acoustic technologies company H3 Zoom. AI started using drones for building inspection and facility management after realizing that the city's highly urban environment delayed digital technology disruption. Moreover, in September 2020, New York City Council has passed a bill to explore the use of drones for building facade inspections. In December 2020, Applus+, a Sapin based company that provides testing and inspection services acquired SAFCO Group for an undisclosed amount. Through this acquisition Applus+ will be able to increase its service portfolio in Middle East. SAFCO Group is a Saudi Arabia based company that provides building inspection services. Major players in the building inspection services market are AmeriSpec Inspection Services, HouseMaster Home Inspections, National Property Inspections, Pillar to Post Home Inspectors and WIN Home Inspections. The regions covered in the building inspection services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the building inspection services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global building inspection services market is segmented - 1) By Service: Home Inspection Services, Specific Element Inspection Services, Commercial Building Inspection Services, Others 2) By Application: Residential, Commercial, Others 3) By Sourcing Type: In-house services, Outsourced services