This statistic shows the revenue of the industry “nonresidential building construction“ in California from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of nonresidential building construction in California will amount to approximately **** billion U.S. Dollars by 2024.

Forecast: Non-Residential Construction Productivity Percentage Point Contribution to Capital Growth in Italy 2022 - 2026 Discover more data with ReportLinker!

The value of non-building construction is expected to reach ***** billion U.S. dollars in 2029. This segment refers to power facilities, highways, sewage, water supply, and conservation work. The market size of the non-building segment was significantly smaller than that of residential and non-residential construction. New residential construction in the United States increased considerably in the past years.

The Nonresidential Building Construction market is poised for substantial expansion, projected to reach an estimated USD 1,200 billion in 2025 and grow at a Compound Annual Growth Rate (CAGR) of 6.5% through 2033. This robust growth is primarily driven by significant investments in infrastructure development, urban regeneration projects, and the expansion of commercial and industrial facilities worldwide. The increasing demand for sustainable and energy-efficient buildings, coupled with advancements in construction technologies such as prefabrication and smart building systems, are further fueling market momentum. Key applications like industrial facilities and business establishments are expected to witness particularly strong demand as economies recover and businesses expand their operational footprints. The market's trajectory is also influenced by government initiatives promoting economic growth and job creation through large-scale construction projects. Despite the optimistic outlook, the market faces certain restraints. Escalating material costs and labor shortages, particularly in skilled trades, present significant challenges that could impact project timelines and profitability. Fluctuations in global economic conditions and regulatory hurdles in certain regions may also introduce volatility. However, the inherent need for modern and updated nonresidential structures, along with the ongoing technological innovations that enhance efficiency and reduce environmental impact, are expected to largely outweigh these challenges. The market is segmented by application, with Buildings, Industrial, and Business sectors leading the charge, and by type, with Institutional and Commercial Buildings representing key sub-segments. Emerging economies in the Asia Pacific region are anticipated to be significant growth drivers, alongside established markets in North America and Europe. This report provides an in-depth analysis of the global Nonresidential Building Construction market, offering insights into its current landscape, future projections, and the key factors influencing its trajectory. The study spans a comprehensive period from 2019 to 2033, with a detailed focus on the historical performance (2019-2024), the base year assessment (2025), and an extended forecast period (2025-2033).

Forecast: Non-Residential Construction Productivity Percentage Point Contribution to Capital Growth in Japan 2024 - 2028 Discover more data with ReportLinker!

Residential Construction Market Outlook

The global residential construction market size was valued at $XX billion in 2023 and is projected to reach $XX billion by 2032, growing at a compound annual growth rate (CAGR) of XX% during the forecast period. This considerable growth is driven by several factors, including increasing urbanization, rising disposable incomes, and government initiatives focused on housing development. The expanding population, especially in emerging economies, and the growing trend toward nuclear families are also crucial drivers bolstering the market's growth.

One of the primary growth factors for the residential construction market is the rapid urbanization observed worldwide. As more people move from rural areas to urban centers in search of better employment opportunities and improved living standards, the demand for residential units in cities has skyrocketed. Urbanization not only increases the demand for new housing but also necessitates the renovation and upgrading of existing infrastructure to accommodate the growing population. Additionally, governments around the world are implementing policies and offering incentives to stimulate the housing sector, thus directly contributing to market growth.

Another significant driver is the rise in disposable incomes, especially in developing nations. Higher disposable incomes enable individuals and families to invest in better housing, resulting in increased demand for residential construction. Economic growth in various regions has led to a higher standard of living, with more people aspiring to own homes that offer enhanced comfort and amenities. This trend is complemented by the availability of favorable financing options and mortgage rates, which make home buying more accessible to a larger segment of the population.

Technological advancements in construction techniques and materials are also playing a pivotal role in the market's growth. Innovations such as prefabrication, 3D printing, and green building materials are not only making construction quicker and more cost-efficient but are also aligning with the growing demand for sustainable and energy-efficient homes. These technological improvements are attracting both homeowners and real estate developers, eager to reduce costs and enhance the quality of construction. Consequently, technology is evolving into a critical enabler of the marketÂ’s expansion.

Regionally, Asia Pacific is expected to dominate the residential construction market during the forecast period. Rapid economic development, substantial urban migration, and supportive governmental policies are driving the market in this region. Countries like China and India, with their massive populations and expanding middle classes, present immense opportunities for residential construction. However, North America and Europe are also experiencing steady growth, driven by urban renewal projects and an increasing focus on sustainable living spaces. The Middle East & Africa and Latin America, while smaller in market share, are anticipated to witness moderate growth fueled by urbanization and infrastructural investments.

Construction Spending plays a pivotal role in shaping the dynamics of the residential construction market. The allocation of funds towards building new homes and renovating existing structures directly influences the pace and scale of market growth. Governments and private investors are increasingly recognizing the importance of strategic construction spending to address housing shortages and improve living conditions. By channeling resources into construction projects, stakeholders can stimulate economic activity, create jobs, and enhance infrastructure. This financial commitment not only supports the development of new residential units but also ensures the modernization and sustainability of existing housing stock, aligning with broader urban development goals.

Type Analysis

The residential construction market can be segmented by type into single-family housing and multi-family housing. Single-family housing remains a dominant segment, driven by the growing preference for privacy and individual living spaces. This trend is particularly prominent in North America and Europe, where suburban living is highly popular. Single-family homes offer the luxury of private outdoor spaces, better control over living conditions, and more room for customization, making them highly desirable among homeowners. The financial incentives provided by g

The India Commercial Construction Market Report is Segmented by Commercial Sector Type (Office, Retail, Industrial and Logistics, and Others), by Construction Type (New Construction and Renovation), by Investment Source (Public and Private), and by Region (North India, South India, West India, East India, and Central India). The Market Forecasts are Provided in Terms of Value (USD).

The new construction put in place in the United States in 2024 was valued at **** trillion U.S. dollars. In the coming years, the value of construction is expected to keep growing, reaching roughly **** trillion U.S. dollars in 2029. Construction spending has been growing steadily over the last couple of years. Up to 2022, residential building construction spending also increased.

Forecast: Non-Residential Construction Productivity Growth Rate in South Korea 2023 - 2027 Discover more data with ReportLinker!

This statistic shows the revenue of the industry “nonresidential building construction“ in Georgia from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of nonresidential building construction in Georgia will amount to approximately **** billion U.S. Dollars by 2024.

The Turkey Commercial Construction Market Report is Segmented by Commercial Sector Type (Office, Retail, Industrial & Logistics, and More), by Construction Type (New Construction and Renovation), by Investment Source (Private and Public), and by City (Istanbul, Ankara, Izmir and Rest of Turkey). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Forecast: Number of Enterprises of Construction of Residential and Non-residential Buildings in France 2023 - 2027 Discover more data with ReportLinker!

France's Building Construction industry has faced tumultuous times in recent years, marked by shifting market dynamics and fluctuating economic conditions. Construction companies enjoyed a period of strong growth before the pandemic, driven by escalating house prices and a recovering economy. However, COVID-19 brought severe disruption. Public health restrictions halted ongoing projects and led to a significant slump in building permits issued for both residential and non-residential buildings. Despite rebounding once restrictions eased, revenue is yet to fully recover to pre-pandemic levels. Revenue is forecast to climb at a compound annual rate of 1.2% over the five years through 2025, reaching €89 billion. Lingering supply chain disruption continued to push up costs in the aftermath of the pandemic. This trend was exacerbated by soaring energy and commodity prices from mid-2021, weighing on construction contractors’ profitability and discouraging investment in new developments. Following this, high borrowing costs created a subdued housing market, contributing to lower housing starts over the last couple of years. Meanwhile, input cost hikes and a general economic slowdown have led to developers scaling back investment plans. Despite a sluggish housing market, revenue is set to return to growth in 2025 – it’s slated to creep up by 2.7%. Revenue is forecast to swell at a compound annual rate of 3.6% over the five years through 2030 to reach €106.1 billion. Strengthening economic growth should spur an uplift in new orders in the short term, while France’s housing shortage should ensure healthy demand in the residential market. Public support and heightened environmental requirements will boost demand for renovation works in the coming years. Developers focused on office and retail markets are likely to continue to focus on repurposing their existing portfolios to meet evolving consumer needs.

Commercial Construction Market was valued at USD 9.7 Billion in 2024 and is projected to reach USD 13.20 Billion by 2032, growing at a CAGR of 4.5% during the forecast period 2026-2032.Global Commercial Construction Market DriversThe market drivers for the Commercial Construction Market can be influenced by various factors. These may include:Urbanization and Population Growth: Rapid urban migration is increasing demand for office spaces, retail outlets, and commercial complexes, especially in developing economies, thereby driving the commercial construction sector's growth worldwide.Economic Development and Industrialization: As nations industrialize, they experience heightened demand for manufacturing plants, logistics hubs, and business parks, creating sustained growth opportunities for commercial construction services and infrastructure providers.Government Infrastructure Investments: Many governments are heavily investing in infrastructure projects like business districts, tech parks, and commercial transit centers to stimulate economic growth, directly boosting the commercial construction market.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

France NBCS: Floor Area (FA): Non Residential (NR) data was reported at 2,484.965 sq m th in May 2018. This records an increase from the previous number of 1,627.255 sq m th for Apr 2018. France NBCS: Floor Area (FA): Non Residential (NR) data is updated monthly, averaging 2,776.899 sq m th from Jan 2000 (Median) to May 2018, with 221 observations. The data reached an all-time high of 4,357.776 sq m th in Sep 2001 and a record low of 1,455.234 sq m th in Jul 2016. France NBCS: Floor Area (FA): Non Residential (NR) data remains active status in CEIC and is reported by Ministry of Ecology, Sustainable Development and Energy. The data is categorized under Global Database’s France – Table FR.EA005: New Building Construction Started.

The Commercial Building Construction industry in Ohio is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to x,xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Lithuania Construction Completed: Number of Non Residential Buildings data was reported at 751.000 Unit in Dec 2024. This records an increase from the previous number of 230.000 Unit for Sep 2024. Lithuania Construction Completed: Number of Non Residential Buildings data is updated quarterly, averaging 254.000 Unit from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 1,825.000 Unit in Dec 2005 and a record low of 107.000 Unit in Jun 2016. Lithuania Construction Completed: Number of Non Residential Buildings data remains active status in CEIC and is reported by Statistics Lithuania. The data is categorized under Global Database’s Lithuania – Table LT.EA006: Construction Completed: Non Residential.

The size of the Japan Commercial Construction Industry market was valued at USD XX Million in 2024 and is projected to reach USD XXX Million by 2033, with an expected CAGR of 6.70% during the forecast period. Recent developments include: December 2022: The Yomiuri Shimbun has discovered that a Tokyo-based startup was preparing to launch the country's first commercial space station through this initiative. Several American companies have already talked about building a space station, so DigitalBlast, Inc.'s plan to launch the first module of the station by 2030 is right on schedule., December 2022: The Japanese government, which has said it doesn't want to take on more debt, wants to use construction bonds to build facilities for the Self-Defense Force. This is part of an effort to increase defense spending. By the end of the fiscal year in March 2028, the government will have set aside about 1.6 trillion yen (about 11.61 billion USD) for building projects.. Key drivers for this market are: 4., Government Initiatives and Policies, such as "Make in India" and "BharatMala"4.; Indian Cities Planning and Implementing Metro Rail Systems to Address Urban Congestion and Improve Public Transportation. Potential restraints include: 4., Bureaucratic Delays in Project Approvals4.; Shortage of Skilled Labors Affecting the Growth of the Market. Notable trends are: Government Mandates Pertaining to Energy Projects.