Commercial Construction Market Getting Back To Stellar Growth Ahead
HTF Market Intelligence published a new research report on “Commercial Construction Market Insights, to 2029″ with 101 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Commercial Construction market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
Vinci SA (France), ACS Group (Spain), Bechtel (United States), Hochtief (Germany), Balfour Beatty (United Kingdom), Bouygues Construction (France), Kiewit Corporation (United States), Royal BAM Group (Netherlands), Laing O’Rourke (United Kingdom)
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According to HTF Market Intelligence, the Global Commercial Construction market to witness a CAGR of 4.70% during forecast period of 2023-2029. The market is segmented by Application (Lodging, Office, Automotive, Multi-retail, Drug store, Warehouse, Theme/amusement park, Sports, Fitness, Meeting center, Social center, Movie theater/studio, Manufacturing) by Type (New Construction, Repair and Maintenance, Refurbishment and Demolition) and by Geography (The West, Southwest, The Middle Atlantic, New England, The South, The Midwest). The Commercial Construction market size is estimated to increase by USD 106401.3 Million at a CAGR of 4.70% from 2023 to 2029. The report includes historic market data from 2017 to 2022E.
Scope of the Report of Commercial Construction
The commercial construction industry is one of the many facets of the construction industry. This has a unique purpose, construction, and management techniques. It is mainly concerned with the built environment for trade-oriented establishments. Commercial construction is used for business purposes, including the construction of office buildings, industrial plants, and other related business operations. In certain situations, a commercial building must serve the purpose of running different companies in the same structure. In commercial construction, a new project is being developed that is based on several business decisions, which are also related to several people or interest groups. Commercial construction has extensive functions including shops, warehouses, theaters, hospitals, community buildings, and more. Most commercial buildings are provided with steel frames. In this way, the project justifies the cost and investment with steel. The commercial sector has a long-term relationship with suppliers. This way the materials in the project stay consistent. Commercial projects are usually large projects with larger buildings. Commercial projects, therefore, require powerful machines, large cranes, and sophisticated equipment. In general, commercial projects are funded by government agencies, developers, and bank finance companies.
The titled segments and sub-section of the market are illuminated below:
Application (Lodging, Office, Automotive, Multi-retail, Drug store, Warehouse, Theme/amusement park, Sports, Fitness, Meeting center, Social center, Movie theater/studio, Manufacturing) by Type (New Construction, Repair and Maintenance, Refurbishment and Demolition) and by Geography (The West, Southwest, The Middle Atlantic, New England, The South, The Midwest)
Market Trends:
- Trends for the Commercial Construction Market Due To Dominance of the Tech Giants
- Increasing Technology Sector’s Presence
Market Drivers:
- Increase in Co-Working Spaces
- Rising Construction Activities All Around the Globe
Market Opportunities:
- The Continued Adoption of Digital Technologies
- Increasing Government Investments in the Sector
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Points Covered in Table of Content of Global Commercial Construction Market:
Chapter 01 – Commercial Construction Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Commercial Construction Market – Pricing Analysis
Chapter 05 – Global Commercial Construction Market Background
Chapter 06 — Global Commercial Construction Market Segmentation
Chapter 07 – Key and Emerging Countries Analysis in Global Commercial Construction Market
Chapter 08 – Global Commercial Construction Market Structure Analysis
Chapter 09 – Global Commercial Construction Market Competitive Analysis
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Commercial Construction Market Research Methodology
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