PUBLISHER: MarketLine | PRODUCT CODE: 1310832
PUBLISHER: MarketLine | PRODUCT CODE: 1310832
Global Residential Construction industry profile provides top-line qualitative and quantitative summary information including: Sector size (value 2018-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Sector.
The residential construction market is defined as the value of work put in place annually for residential buildings.
Market value is defined in general as the total output value of construction activity in any given time period, including costs related to construction materials, equipment and services for new construction, refurbishment, repair and maintenance and demolition.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
Construction of green buildings is increasing, particularly in developed nations like the US. Construction firms are utilizing green construction methods to minimize harm to the environment and safeguard the delicate balance of nature.