Building Construction

Demand for new housing and commercial real estate grew in recent years, but supply struggles to keep up. Construction space became scarce, for instance, whilst both consumers and investors are looking for new properties. Not only that, but global awareness of climate change also grew – and with it an increasing search for environmentally friendly options. Building requirements have therefore become more complex over the years. Emerging technologies could help the industry to cope with society’s growing demands for and within property.

Market size of HVAC in Asia
114.36bn USD
Construction costs of CBD offices with an A-Grade in London
2,000 GBP per m2
U.S. city with highest constructions costs for multi-family housing
San Francisco

Market size

Where are the most houses being built?
Volume growth of residential construction in selected countries worldwide in 2017, with a forecast for 2019
Further details: Visit original statistic

Unsurprisingly, the largest countries in the world tend to have the biggest construction markets. Population changes and domestic economic circumstances, however, impact residential output. New homes in India, for instance, were forecast to increase by nine percent – the highest value found in the top 20 developed construction markets – but this was a cooldown from previous years. Germany’s new residential construction was still growing, albeit at a much smaller scale than India.

Single family building permits U.S.
Construction costs of houses in African cities
COVID-19 impact on house completions in Poland

Market segments

How much does it cost to construct a warehouse?
Average construction costs to design and build a warehouse/logistic center worldwide in 2020, by select city (in U.S. dollars per square foot)
Further details: Visit original statistic

Significant differences can be found in warehouse construction costs between capital cities, as it can depend on several factors like location, materials, and unionization of the labor force. Since 2020, a new factor revealed itself: The rate how much e-commerce increased. COVID-19 unexpectedly sped up developments in online shopping in certain areas in the world, creating new demand for logistics.

Primary rent for logistics warehouses in Spain
Last mile delivery policies in Italy
Big box warehouse completions in the Netherlands

Industry trends

What is the market size of green building?
Projected value of green building materials market worldwide in 2018, with a forecast for 2024 (in billion U.S. dollars)
Further details: Visit original statistic

The demand for structures with low greenhouse gas emissions – ideally both during as well after its construction – increased as climate change concerns grew. Whilst there is no unified global approach to how to best construct this type of building, it is believed its market size would more than double in six years’ time. Part of this is the reduced operational and maintenance costs provided by the construction of new green buildings.

LEED project distribution in Japan
CO2 emissions from construction industry in the UK
Market value of green building materials in 2024

Industry leaders

Who are the top 10 home builders?
Gross revenue of leading home builders in the United States in 2019 (in million U.S. dollars)
Further details: Visit original statistic

The home construction segment plays a big role in certain countries, but not in all. In the United States, for instance, construction company like Lennar Corp can specialize in the construction of residential property. This is unlike Europe, though, where residential is but one part found within a larger company. France’s Vinci – Europe’s largest construction company – has several construction activities within several branches, not just residential.

Biggest housing construction companies in Japan
Biggest residential building construction companies in Colombia
Build-to-rent stock in the UK, by type of construction company

Unique aspect of the industry

What is the impact of climate change on the HVAC industry?
Projected market size for heating, ventilation, and air conditioning (HVAC) worldwide from 2019 to 2030 (in billion U.S. dollars)
Further details: Visit original statistic

The global heating, ventilation, and air conditioning (HVAC) market is predicted to grow with a CAGR of nearly four percent until 2030. An increasing global temperature is one driver for this development, alongside growing government support as well as increasing demand for this kind of equipment during the construction process. Some countries, such as China, the U.S. or Italy, already use these systems extensively. Others could follow soon.

HVAC market size forecast China
Growth rates of HVAC in Europe
Biggest providers of refrigerated warehousing in Latin America

Industry Definition

The section Building Construction covers everything that impact the process of adding structures to plots of land – such as residential, non-residential, and industrial buildings. This includes topics like:

  • New construction;
  • Building permits;
  • Modular construction;
  • Green buildings;
  • HVAC&R – heating, ventilation, air conditioning and refrigeration;

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