The Office And Factory Buildings Global Market Report 2023, provides comprehensive information on the office and factory 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 office and factory buildings market size is expected to grow from $859.47 billion in 2022 to $885.49 billion in 2023 at a compound annual growth rate (CAGR) of 3.0%. 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 office and factory buildings market size is expected to reach $949.83 billion in 2027 at a CAGR of 1.8%.
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Technological advancement is a key trend gaining popularity in the office and factory buildings market. Major companies operating in office and factory buildings are focused on developing innovative solutions to strengthen their position in the market. For instance, in February 2022., Black Buffalo 3D Corporation, a US-based, construction equipment supplier company, launched its technological product, NEXCON 1G 3D construction printer, which specializes in single- to three-story residential and commercial applications, with the ability to print up to three stories depending on roof design. This technology is a stronger, more sustainable, and cost-effective way to build affordable housing, infrastructure, and much more. Additionally, this technology gives builders a 70 percent reduction in materials costs, almost zero waste, and up to an 80 percent reduction in labor costs and build time.
The office and factory buildings market is segmented:
1) By Type: Residential, Non-residential
2) By Construction Type: New Construction, Renovation
3) By Application: Owned, Rental
4) By End User: Private, Public
North America was the largest region in the office and factory buildings market in 2022.
The table of contents in TBRC’s office and factory buildings market report includes:
- Executive Summary
- Office And Factory Buildings Market Characteristics
- Office And Factory Buildings Market Trends And Strategies
- Office And Factory Buildings Market – Macro Economic Scenario
- Office And Factory Buildings Market Size And Growth
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- Africa Office And Factory Buildings Market
- Office And Factory Buildings Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Office And Factory Buildings Market
- Office And Factory Buildings Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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