The Institutional Buildings Global Market Report 2023, provides comprehensive information on the institutional buildings market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global institutional buildings market size is expected to grow from $966.33 billion in 2022 to $1,000.04 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global institutional buildings market size is expected to reach $1,093.62 billion in 2027 at a CAGR of 2.3%.
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Technological advancement is the key trend gaining popularity in the institutional buildings market. Major companies operating in the institutional buildings market are introducing new technologies to sustain their position in the market. For instance, in February 2022, Black Buffalo 3D Corporation, a US-based provider of 3D printers for construction and proprietary cement-based ink, launched NEXCON 3D printers. Black Buffalo 3D’s NEXCON takes the best characteristics of 3D printing technology and addresses traditional challenges in the construction industry, such as commercial buildings, infrastructure components, and historically pre-cast components on-site and on-demand. It utilizes a motion-centric modular gantry design, which produces more effective structures that offer the maximum printable area without compromising print quality and can enable on-site job versatility. The multi-axis gantry system is optimized to produce accurate prints for any 3D-modeled design that can be developed using normal CAD software, and it is capable of printing buildings up to three storeys high.
The institutional buildings market is segmented:
1) By Type: Residential, Non-residential
2) By Construction Type: New Construction, Renovation
3) By Building Type: Smart Buildings, Traditional Buildings
4) By Application: Owned, Rental
5) By End User: Private, Public
Asia-Pacific was the largest region in the institutional buildings market in 2022.
The table of contents in TBRC’s institutional buildings market report 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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