Overview and Scope
Building finishing is specialized construction work related to the plastering, pointing, painting, varnishing, white and color washing, or distempering in a building
Sizing and Forecast
The building finishing contractors market size has grown strongly in recent years. It will grow from <b>$1394.81 billion in 2023 to $1487.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. </b> 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 <b>$1971.51 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. </b> 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.
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Segmentation & Regional Insights
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
<b>Asia-Pacific</b> was the largest region in the building finishing contractors market in 2023. Western Europe was the second-largest region in the building finishing contractors market. The regions covered in the building finishing contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the building finishing contractors market include <b> Fletcher Building Ltd., NCI Building Systems Inc, Interserve Plc, APi Group Inc, Performance Contracting Group Inc, Cleveland Construction Inc, Irex Corp of Lancaster, Sherwin-Williams Company, Pittsburgh Plate Glass Industries, Inc, RPM International Inc., The Valspar Corporation, Benjamin Moore & Co., Behr Process Corporation, Rust-Oleum Corporation, Akzo Nobel N.V., Axalta Coating Systems Ltd., Badische Anilin und Soda-Fabrik SE, The Dow Chemical Company, DuPont de Nemours, Inc., Eastman Chemical Company, 3M Company, Avery Dennison Corporation, Bostik SA, Data Acquisition and Processing Products Inc., Franklin International Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc., ITW Performance Polymers & Fluids, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., Pidilite Industries Ltd., Sika AG, United States Gypsum Corporation, Armstrong World Industries Inc., CertainTeed Corporation, Georgia-Pacific LLC.</b>
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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26. Germany Building Finishing Contractors Market
27. France Building Finishing Contractors Market
28. Italy Building Finishing Contractors Market
29. Spain Building Finishing Contractors Market
30. Austria Building Finishing Contractors Market
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