PUBLISHER: The Business Research Company | PRODUCT CODE: 1664669
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664669
Retail and other commercial buildings refer to structures that are specifically developed and constructed for retail and commercial use. These buildings are designed to support business operations and facilitate customer interactions.
The main types of retail and other commercial buildings are smart buildings and traditional buildings. Smart buildings are those that incorporate advanced technology to enhance efficiency, security, and overall performance, contributing to improved building management and user experience. These buildings find applications across various sectors, including residential buildings and non-residential buildings utilized by offices, retail establishments, leisure facilities, and other end-users.
The retail and other commercial buildings market research report is one of a series of new reports from The Business Research Company that provides retail and other commercial buildings market statistics, including retail and other commercial buildings industry global market size, regional shares, competitors with a retail and other commercial buildings market share, detailed retail and other commercial buildings market segments, market trends, and opportunities, and any further data you may need to thrive in the retail and other commercial buildings industry. This retail and other commercial 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 retail and other commercial buildings market size has grown steadily in recent years. It will grow from $414.25 billion in 2024 to $428.23 billion in 2025 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to economic growth and consumer spending, urbanization and population density, consumer trends and shopping preferences, commercial real estate investment trends, government policies and zoning regulations.
The retail and other commercial buildings market size is expected to see steady growth in the next few years. It will grow to $494.36 billion in 2029 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to e-commerce integration and omnichannel retail, sustainable building practices and green certification, adaptation to changing work patterns, mixed-use developments and urban revitalization, health, and safety considerations in building design. Major trends in the forecast period include focus on health and safety measures, popularity of mixed-use developments, incorporation of biophilic design elements, contactless and cashless transactions, e-commerce influenced design.
The robust growth in retail space is anticipated to drive the expansion of the market for retail and other commercial buildings in the future. Retail space, encompassing commercial areas for selling goods or services to consumers, includes shopping centers, strip malls, and standalone stores. The substantial growth of major retailers such as Amazon, Walmart, and Target has fueled the expansion of retail space, leading to increased construction activities for retail and related structures. For example, as reported by the Wall Street Journal in July 2022, Amazon, a US-based e-commerce giant, accelerated its warehouse space expansion to meet heightened consumer demand, increasing warehouse space from 165 million square feet to 379 million square feet. Additionally, WeWork India, an India-based space-as-a-service platform, leased 3.62 lakh square feet of office space in 2022 as part of its flexible workspace expansion plan. Thus, the strong growth in retail space is a driving force behind the growth of the retail and other commercial buildings market.
The rising demand from e-commerce companies for commercial buildings, such as larger warehouses equipped with advanced machinery and technology to meet the increasing needs of end-customers, is anticipated to drive the demand for retail and other commercial buildings during the forecast period. The rapid expansion of the e-commerce sector globally is expected to create a greater need for larger warehouse spaces. As e-commerce operations grow, these companies will need to enhance their warehousing capacity to keep up with demand and facilitate larger cargo movements. For instance, in January 2024, the International Trade Administration, a U.S.-based government agency, reported that total retail spending in Australia reached US$242 billion in 2022, marking a 9.2 percent increase from 2021. E-commerce represented 18 percent of overall retail spending, amounting to US$45 billion, which signifies a modest rise of 1.7 percent from the previous year. Therefore, the increasing demand from e-commerce companies is expected to significantly boost the retail and other commercial buildings market during the forecast period.
Product innovation emerges as a prominent trend gaining traction in the retail and other commercial buildings market. Leading companies in the market are actively developing innovative solutions to enhance their market positions. For instance, in February 2023, Contruent, a US-based capital project management solution company for large construction projects, introduced Contruent Enterprise, a SaaS-based solution empowering owners and engineering, procurement, and construction teams to complete projects more efficiently. The software enhances construction project scheduling and budget management through features such as a customizable dashboard and integrated components such as cost and schedule tracking, engineering, contract management, and field management.
Major companies in the retail and other commercial buildings market are also focusing on adopting innovative technologies to strengthen their market positions. This involves the integration and utilization of new technologies or innovations into their operations. For instance, in December 2022, Stereolabs Inc., a US-based company offering 3D depth and motion sensing solutions, launched ZED-X, the world's first 3D robot camera with a new SDK (software development kit) and control for multiple cameras. ZED-X is designed for robotic process automation and navigation in challenging indoor and outdoor environments. The comprehensive software ecosystem supporting ZED-X facilitates quick commercial implementations of robots in construction.
In December 2022, DiGeronimo Companies, a US-based construction company, acquired Winter Companies, including Winter Construction and Winter Environmental, for an undisclosed amount. This acquisition expands DiGeronimo's presence and growth in the construction and development industry. Winter Companies is a US-based commercial construction company providing construction services.
Major companies operating in the retail and other commercial buildings market include Kneeland Construction Corporation, JL Schwieters Construction, Bechtel Corporation, Fluor Corporation, The Whiting-Turner Contracting Company, Emcor Group Inc., Turner Construction Co., Gilbane Building Company, Hensel Phelps Construction Co., The Walsh Group, Balfour Beatty Inc., Swinerton Inc., McCarthy Building Companies, Dunn Construction Group Inc., Holder Construction Group LLC, CBRE Group Inc., Cushman & Wakefield plc, Jones Lang LaSalle Incorporated, Colliers International India Property Services Pvt Ltd., Lincoln Property Company, Hines Interests Limited, Prologis Inc., Newmark Group Inc., Kimco Realty Corporation, Kittle Property Group Inc., Houlihan-Parnes Realtors LLC, Brookfield Properties Pvt. Ltd., Robert A.M. Stern Architects LLP, Elkus Manfredi Architects, M. Arthur Gensler Jr. & Associates Inc., Tishman Speyer Properties L.P., Lewis Management Corp., Neoscape Inc.
Asia-Pacific was the largest region in the retail and other commercial buildings market in 2024. The regions covered in the retail and other commercial buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the retail and other commercial buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The retail and other commercial buildings market includes revenues earned by entities by providing services such as choosing the right spot, setting a budget, financing, pre-designing, and designing construction of retail and other such commercial 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.
Retail And Other Commercial Buildings Global Market Report 2025 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 retail and other commercial 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.
Where is the largest and fastest growing market for retail and other commercial buildings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The retail and other commercial 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.