Dynamic Growth in the Global Foundation, Structure, and Building Exterior Contractors Market

December 04, 2023 05:30 PM GMT | By EIN Presswire
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LANDON, GREATER LANDON, UK, December 4, 2023 /EINPresswire.com/ -- The global foundation, structure, and building exterior contractors market exhibited robust growth, surging from $1,092.54 billion in 2022 to $1,152.7 billion in 2023, representing a substantial compound annual growth rate (CAGR) of 5.5%. The foundation, structure, and building exterior contractors market is anticipated to continue its upward trajectory, reaching $1,384.36 billion by 2027 at a steady CAGR of 4.7%.

Key Growth Drivers

Urban Population Surge: The foundation, structure, and building exterior contractors market is fueled by the rapid growth of the urban population, leading to increased demand for new residential and commercial land. The UN World Urbanization Prospects report predicts that over 60% of the global population will be residing in cities by 2050. This urbanization trend presents significant opportunities, especially in Asian countries like Indonesia, Vietnam, and the Philippines. South Asia, as per the World Bank, is expected to witness a growth of 250 million in urban population by 2030, boosting demand for new infrastructure and driving the foundation, structure, and building exterior contractors market.

Building-Integrated Photovoltaic (BIPV) Technology: Contractors are embracing building-integrated photovoltaic (BIPV) glazing technology for electricity generation. BIPV systems incorporate solar cells or modules into building elements, allowing various components like roofs, facades, windows, and more to generate solar electricity. This technology contributes to sustainable practices, enabling buildings to self-generate electricity from clean energy sources. Companies like AGC Inc., Avenston Group, BELECTRIC, BiPVco, and Canadian Solar are actively involved in BIPV development.

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Major Market Players

Key companies influencing the foundation, structure, and building exterior contractors market include:

• Shimizu Corporation
• Carlisle Companies Inc.
• Peab AB
• Ncc AB
• PT United Tractors Tbk.

Regional Dominance and Market Segmentation

In 2022, Asia-Pacific emerged as the leading region in the foundation, structure, and building exterior contractors market, with North America securing the second-largest position. The comprehensive market segmentation encompasses regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Insights into Market Segmentation
The global foundation, structure, and building exterior contractors market is segmented -

1) By Type: Excavation And Demolition, Roofing, Concrete Work, Water Well Drilling

2) By Application: Residential Building Construction, Nonresidential Building Construction, Other Applications

3) By Service Provider: Large Chain Companies, Independent Contractors

4) By Mode: Online, Offline

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Foundation, Structure, And Building Exterior Contractors Global Market Report 2023from TBRC covers the following information:

• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Foundation, Structure, And Building Exterior Contractors Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on foundation structure, and building exterior contractors market size, foundation structure, and building exterior contractors market drivers and trends, foundation structure, and building exterior contractors market major players, foundation, structure, and building exterior contractors market competitors' revenues, foundation, structure, and building exterior contractors market positioning, and foundation, structure, and building exterior contractors market growth across geographies. The foundation structure, and building exterior contractors market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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