According to a report by BCC Research, the global market for residential building construction totaled $4,171.3 billion in 2017 and is estimated to reach $6,800.9 billion by 2022, growing at a compound annual growth rate (CAGR) of 10.3% during 2017-2022.
BCC Research’s goal in performing this study was to determine the global market and future demand growth for residential building construction over the five-year period from 2016 through 2020.
Of particular focus was characterizing and quantifying the potential of the market for residential construction by geography and segments (i.e., single-family housing construction, multi-family housing construction and others).
The report also evaluates the market across each geography. Opportunities in each type of geography have been discussed in detail. Factors that affect the market such as drivers, restraints, and trends have been discussed.
The key objective was to present a comprehensive discussion of where the state-of-the-art technology is being adopted in the residential building construction market and to forecast the future commercial potential for the key market segments.
This discussion provides a basis for companies to make strategic choices about developing new products and markets or deciding which applications are needed in their organizations.
The study will benefit residential building construction companies, providers of raw materials, construction machinery manufacturers, governments around the world and others.
Two notable findings of the report include:
- Asia-Pacific market for residential building construction totaled $2,424.0 billion in 2017 and is estimated to reach $3,895.3 billion by 2022, growing at a CAGR of 10.0% during 2017-2022.
- North American market for residential building construction totaled $809 billion in 2017 and is estimated to reach $1,434.3 billion by 2022, growing at a CAGR of 12.1% during 2017-2022.
Read the full report here: https://www.reportlinker.com/p05343384
Add Comment