Office And Factory Buildings Global Market Report 2024

Description

“Office And Factory Buildings Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on office and factory buildings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for office and factory buildings? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The office and factory buildings market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Residential; Non-residential
2) By Construction Type: New Construction; Renovation
3) By Application: Owned; Rental
4) By End User: Private; Public
Companies Mentioned: Power Construction Corporation of China; China State Construction Engineering Co. Ltd.; Bouygues Construction; Lennar Corporation; Kiewit Building Group Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Office and factory buildings are enclosed structures situated on a piece of land, designed to be reasonably permanent. Classified as commercial buildings, they feature areas primarily designated for office use, while a factory building is any structure involved in the manufacture of explosive materials or related activities.

The primary categories for these buildings are residential and non-residential. Residential pertains to settings where people live, including residences and apartments. Construction types encompass new construction and renovation, applied in diverse scenarios such as ownership, rental, and utilized by a range of end users, including both private and public entities.

The office and factory buildings market research report is one of a series of new reports from The Business Research Company that provides office and factory buildings market statistics, including office and factory buildings industry global market size, regional shares, competitors with an office and factory buildings market share, detailed office and factory buildings market segments, market trends and opportunities, and any further data you may need to thrive in the office and factory buildings industry. This office and factory buildings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The office and factory buildings market size has grown steadily in recent years. It will grow from $881.87 billion in 2023 to $900.18 billion in 2024 at a compound annual growth rate (CAGR) of 2.1%. The expansion observed in the historical period can be ascribed to factors such as economic growth, urbanization, infrastructure development, regulatory changes, and demographic shifts.

The office and factory buildings market size is expected to see steady growth in the next few years. It will grow to $986.16 billion in 2028 at a compound annual growth rate (CAGR) of 2.3%. The anticipated growth in the forecast period can be credited to shifts in workplace culture, the emergence of new markets, regulatory reforms, the adaptation to remote work, and trends in sustainability. Prominent trends in this period encompass the utilization of 3D printing in construction, vertical integration, the promotion of agile work environments, the incorporation of biophilic design, and a focus on mobility and accessibility.

The anticipated surge in rapid industrialization is set to drive the growth of the office and factory buildings market. Industrialization, a process shifting economies away from agriculture towards industry, creates a demand for diverse office and factory structures. Prefabrication and modular construction in factories, followed by on-site assembly, contribute to improved project quality and reduced implementation time. For example, a Eurostat report in December 2021 revealed an 8 percent growth in the production of manufactured goods compared to 2020. Manufacturing also contributed $2.3 trillion to the U.S. GDP in 2021, constituting 12.0 percent of the total GDP. Consequently, the momentum of rapid industrialization propels the expansion of the office and factory buildings market.

The growth of the office and factory buildings market is expected to be fueled by the increasing number of new businesses. Newly established companies entering specific industries or markets bring innovation to office design, introduce health-focused amenities, and incorporate advanced technologies, enhancing the digital infrastructure within office buildings. Moreover, these businesses drive occupancy and tenancy, fostering a dynamic tenant mix that elevates the overall appeal of the space. In 2022, the US Census Bureau reported a significant number of new businesses, with 5,044,748 startups. Thus, the rising number of new businesses contributes to the growth of the office and factory buildings market.

A noteworthy trend in the office and factory buildings market is the adoption of technological advancements. Major companies in this sector are dedicated to developing innovative solutions to strengthen their market position. For instance, in February 2022, Black Buffalo 3D Corporation introduced the NEXCON 1G 3D construction printer, capable of constructing single- to three-story residential and commercial buildings. This technology offers a more robust, sustainable, and cost-effective approach to construction, with a 70 percent reduction in material costs, minimal waste, and up to an 80 percent reduction in labor costs and build time.

Major companies are creating innovative products such as office building management software. This comprehensive digital solution efficiently oversees and optimizes various facility operations, including maintenance, security, space utilization, and tenant services. For example, ClickUp launched ClickUp 3.0 in November 2023, offering upgraded office management solutions for running productive workplaces. The software facilitates the management of tasks and projects related to office building operations, including maintenance, inventory tracking, and staff schedule management.

In December 2022, DiGeronimo Companies acquired Winter Companies for an undisclosed amount. This acquisition aims to accelerate the growth of DiGeronimo Companies' Cleveland-based business in the construction and development sector. Winter Companies, a commercial construction company in the U.S., provides construction management, design-build, and general contracting services, further strengthening the position of DiGeronimo Companies in the industry.

Major companies operating in the office and factory buildings market report are Power Construction Corporation of China, China State Construction Engineering Co. Ltd., Bouygues Construction, Lennar Corporation, Kiewit Building Group Inc., Actividades de Construccion y Servicios S.A., Hochtief AG, Vinci SA, Larsen & Toubro Ltd, Skanska Group, Gammon India Limited, Tata Projects Limited, Bechtel Corporation, Fluor Corporation, The Whiting-Turner Contracting Company, Doug Peter and Ron Construction, Toll Brothers Inc., CBRE Group Inc., Jacobs Solutions Inc., China Railway Construction Corporation Limited, Jones Lang LaSalle, Colliers International, Gilbane Building Company, Holcim, The Korte Company, Yates Construction, PulteGroup Inc, D.R. Horton Inc, Pretorius Structures, FEG Global .

North America was the largest region in the office and factory buildings market in 2023. The regions covered in the office and factory buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the office and factory buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The office and factory buildings market includes revenues earned by entities by constructing commercial buildings, traditional office buildings, single-story buildings, multi-story buildings, high bay buildings, and monitor-type buildings. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11184

1. Executive Summary

2. Office And Factory Buildings Market Characteristics

3. Office And Factory Buildings Market Trends And Strategies

4. Office And Factory Buildings Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Office And Factory Buildings Market Size and Growth

5.1. Global Office And Factory Buildings Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Office And Factory Buildings Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Office And Factory Buildings Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Office And Factory Buildings Market Segmentation

6.1. Global Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Non-residential
6.2. Global Office And Factory Buildings Market, Segmentation By Construction Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
New Construction
Renovation
6.3. Global Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Owned
Rental
6.4. Global Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Private
Public

7. Office And Factory Buildings Market Regional And Country Analysis

7.1. Global Office And Factory Buildings Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Office And Factory Buildings Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Office And Factory Buildings Market

8.1. Asia-Pacific Office And Factory Buildings Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Office And Factory Buildings Market

9.1. China Office And Factory Buildings Market Overview
9.2. China Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Office And Factory Buildings Market

10.1. India Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Office And Factory Buildings Market

11.1. Japan Office And Factory Buildings Market Overview
11.2. Japan Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Office And Factory Buildings Market

12.1. Australia Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Office And Factory Buildings Market

13.1. Indonesia Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Office And Factory Buildings Market

14.1. South Korea Office And Factory Buildings Market Overview
14.2. South Korea Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Office And Factory Buildings Market

15.1. Western Europe Office And Factory Buildings Market Overview
15.2. Western Europe Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Office And Factory Buildings Market

16.1. UK Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Office And Factory Buildings Market

17.1. Germany Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Office And Factory Buildings Market

18.1. France Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Office And Factory Buildings Market

19.1. Italy Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Office And Factory Buildings Market

20.1. Spain Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Office And Factory Buildings Market

21.1. Eastern Europe Office And Factory Buildings Market Overview
21.2. Eastern Europe Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Office And Factory Buildings Market

22.1. Russia Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Office And Factory Buildings Market

23.1. North America Office And Factory Buildings Market Overview
23.2. North America Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Office And Factory Buildings Market

24.1. USA Office And Factory Buildings Market Overview
24.2. USA Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Office And Factory Buildings Market

25.1. Canada Office And Factory Buildings Market Overview
25.2. Canada Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Office And Factory Buildings Market

26.1. South America Office And Factory Buildings Market Overview
26.2. South America Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Office And Factory Buildings Market

27.1. Brazil Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Office And Factory Buildings Market

28.1. Middle East Office And Factory Buildings Market Overview
28.2. Middle East Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Office And Factory Buildings Market

29.1. Africa Office And Factory Buildings Market Overview
29.2. Africa Office And Factory Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Office And Factory Buildings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Office And Factory Buildings Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Office And Factory Buildings Market Competitive Landscape And Company Profiles

30.1. Office And Factory Buildings Market Competitive Landscape
30.2. Office And Factory Buildings Market Company Profiles
- 30.2.1. Power Construction Corporation of China
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. China State Construction Engineering Co. Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Bouygues Construction
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Lennar Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Kiewit Building Group Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Office And Factory Buildings Market Competitive Benchmarking

32. Global Office And Factory Buildings Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Office And Factory Buildings Market

34. Office And Factory Buildings Market Future Outlook and Potential Analysis

34.1 Office And Factory Buildings Market In 2028 - Countries Offering Most New Opportunities
34.2 Office And Factory Buildings Market In 2028 - Segments Offering Most New Opportunities
34.3 Office And Factory Buildings Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer