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Residential Construction Global Industry Guide 2019-2028

Summary

Global Residential Construction industry profile provides top-line qualitative and quantitative summary information including: market size (value , and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- Residential construction refers to the process of building structures primarily intended for people to live in.
- Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
- The market is segmented into demolition, new construction, refurbishment, and repair & maintenance.
- Demolition includes the planned dismantling or destruction of a building, a part of a building, or any other structure categorized under the infrastructure, commercial, industrial, institutional, energy and utilities, and residential markets of the construction industry.
- New construction covers any activity relating to the erection of a new structure. this covers the infrastructure, commercial, industrial, institutional, energy and utilities, and residential markets of the construction industry.
- The refurbishment segment covers the upgrade of any building or structure in the infrastructure, commercial, industrial, institutional, energy and utilities, and residential markets of the construction industry.
- Repair & maintenance involves an activity carried out to restore a deteriorated or damaged structure or building. It applies to all types of buildings and any fittings within.
- All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
- The global residential construction market recorded total revenues of $5,297.4 billion in 2023, representing a compound annual growth rate (CAGR) of 2.4% between 2018 and 2023.
- The new construction segment accounted for the market's largest proportion in 2023, with total revenues of $3,243.3 billion, equivalent to 61.2% of the market's overall value.
- In 2023, Asia-Pacific residential construction market held the largest share of 44.2% of the total value of the global residential construction market, followed by Europe at 27.7%, North America at 22.9%, Middle East & Africa at 2.6%, and South America at 2.0%.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global residential construction market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global residential construction market
- Leading company profiles reveal details of key residential construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global residential construction market with five year forecasts

Reasons To Buy

- What was the size of the global residential construction market by value in 2023?
- What will be the size of the global residential construction market in 2028?
- What factors are affecting the strength of competition in the global residential construction market?
- How has the market performed over the last five years?
- What are the main segments that make up the global residential construction market?