Foundation, structure, and building exterior contractors are subcontractors that specialize in a certain component of a construction project and perform tasks that are specific to building construction such as excavation, demolition, roofing, etc. using a detailed design and plan.
Sizing and Forecast
The foundation, structure, and building exterior contractors market size has grown steadily in recent years. It will grow from $1156.85 billion in 2023 to $1203.93 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to growth in construction, infrastructure development, government policies and regulations, real estate market dynamics, environmental considerations.
The foundation, structure, and building exterior contractors market size is expected to see steady growth in the next few years. It will grow to $1450.61 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to resilient and sustainable construction, renewable energy construction, infrastructure renewal initiatives, population migration patterns, adaptation to climate change. Major trends in the forecast period include digitalization in construction, smart building technologies, technological advancements in construction, prefabrication and modular construction, focus on resilient infrastructure.
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Segmentation & Regional Insights
The foundation, structure, and building exterior contractors market covered in this report is segmented –
1) By Type: Excavation And Demolition, Roofing, Concrete Work, Water Well Drilling
2) By Service Provider: Large Chain Companies, Independent Contractors
3) By Mode: Online, Offline
4) By Application: Residential Building Construction, Nonresidential Building Construction, Other Applications
Asia-Pacific was the largest region in the foundation, structure, and building exterior contractors market in 2023. North America was the second-largest region in the foundation, structure, and building exterior contractors market. The regions covered in the foundation, structure, and building exterior contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
A rapidly growing urban population is expected to increase the demand for new residential and commercial land during the forecast period. According to the UN World Urbanization Prospects report, globally, it is projected that more than two-thirds (60%) of the world’s population will be living in cities by 2050. For instance, large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam, and the Philippines, which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, the urban population in South Asia is expected to grow by 250 million by 2030. This rapid urbanization is expected to boost the demand for new infrastructure and drive the foundation, structure, and building exterior contractors market during the forecast period.
Key Industry Players
Major companies operating in the foundation, structure, and building exterior contractors market report are 3M Company, Laboratory Corporation of America Holdings, Ecolab Inc., Eurofins Scientific SE, SGS SA, Agilent Technologies Inc., Bureau Veritas S.A., Intertek Group plc, bioMérieux SA, Bio-Rad Laboratories Inc., TÜV Nord Group, ALS Limited, Neogen Corporation, Douglas Scientific LLC, National Sanitation Foundation International, AsureQuality Limited, FoodChain ID Inc., Microbac Laboratories Inc., Romer Labs Inc., Charm Sciences Inc., MP Biomedicals LLC, RJ Hill Laboratories Ltd., Symbio Laboratories Pty Ltd., BioControl Systems Incorporated, Mocon Inc., Celsis International Ltd., Genetic ID NA Inc., Roka Bioscience Inc., Zeulab SL, TÜV SÜD AG
The foundation, structure, and building exterior contractors market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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