The Building Finishing Contractors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Building Finishing Contractors Global Market Report 2024, The building finishing contractors market size has grown strongly in recent years. It will grow from $1394.81 billion in 2023 to $1487.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to construction industry growth, real estate development, urbanization and infrastructure projects, building renovations, architectural and design trends.
The building finishing contractors market size is expected to see strong growth in the next few years. It will grow to $1971.51 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to sustainability and green building, smart building integration, health and safety standards, infrastructure resilience, population growth and housing. Major trends in the forecast period include sustainable finishing materials, smart home integration, biophilic design, modular and prefabricated finishing, adaptive reuse.
The population profile of most countries is becoming older, which is increasing the demand for elderly-friendly infrastructure. For instance, according to World Health Organization (WHO), an specialized government agency, between 2020 to 2050, the number of people with 80 years of age or older is expected to triple and reach to 426 million and by 2050, the number of people aged 60 and over will double to reach 2.1 billion. Houses and the wider surroundings had to be adapted to be made safer and more inclusive. Local shops and town centers had to be made more accessible and had to be made accessible to the elderly. Public transport facilities also had to be revised based on the increased demand from the elderly. This will result in increased demand for building finishing contractors’ activity during the forecast period.
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The building finishing contractors market covered in this report is segmented –
1) By Type: Drywall And Insulation Contractors; Painting And Wall Covering Contractors; Flooring Contractors; Tile And Terrazzo Contractors; Finish Carpentry Contractors; Other Building Finishing Contractors
2) By Service Provider: Large Chain Companies; Independent Contractors
3) By Mode: Online; Offline
4) By Application: Residential Building Construction; Nonresidential Building Construction; Utility System Construction; Other Applications
The building finishing contractors market report table of contents includes:
1. Executive Summary
2. Building Finishing Contractors Market Characteristics
3. Building Finishing Contractors Product/Service Analysis -Product/Service Examples
4. Building Finishing Contractors Market Trends And Strategies
5. Building Finishing Contractors Market – Macro Economic Scenario
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68. Global Building Finishing Contractors Market Competitive Benchmarking
69. Global Building Finishing Contractors Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Building Finishing Contractors Market
71. Building Finishing Contractors Market Future Outlook and Potential Analysis
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