The global market for residential building construction totaled $4,171.3 billion in 2017 and is estimated to reach $6,800.9 billion by 2022, growing at a compound annual growth rate (CAGR) of 10.3% during 2017-2022

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Feb 26, 2018, 02:08 ET

NEW YORK, Feb. 26, 2018 /PRNewswire/ -- The global market for residential building construction totaled $4,171.3 billion in 2017 and is estimated to reach $6,800.9 billion by 2022, growing at a compound annual growth rate (CAGR) of 10.3% during 2017-2022.

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• Asia-Pacific market for residential building construction totaled $2,424.0 billion in 2017 and is estimated to reach $3,895.3 billion by 2022, growing at a CAGR of 10.0% during 2017-2022.
• North American market for residential building construction totaled $809 billion in 2017 and is estimated to reach $1,434.3 billion by 2022, growing at a CAGR of 12.1% during 2017-2022.

Chapter 1: Introduction
BCC Research's goal in performing this study was to determine the global market and future demand growth for residential building construction over the five-year period from 2016 through 2020.

Of particular focus was characterizing and quantifying the potential of the market for residential construction by geography and segments (i.e., single-family housing construction, multi-family housing construction and others).

The report also evaluates the market across each geography. Opportunities in each type of geography have been discussed in detail. Factors that affect the market such as drivers, restraints, and trends have been discussed.

The key objective was to present a comprehensive discussion of where the state-of-theart technology is being adopted in the residential building construction market and to forecast the future commercial potential for the key market segments.
This discussion provides a basis for companies to make strategic choices about developing new products and markets or deciding which applications are needed in their organizations.

The study will benefit residential building construction companies, providers of raw materials, construction machinery manufacturers, governments around the world and others.

Study Goals and Objectives
• To sum up the global residential building construction market size.
• To estimate the growth rate of the global residential building construction.
• To segment the market in the deepest possible way.
• To provide market numbers and growth rates at geographically.
• To identify major drivers and restraints.
• To identify key trends and technology updates in the field.

Reasons for Doing This Study
Political support in form of tax waivers and subsidies offered by national and state governments for affordable housing has led to increased demand for residential building construction globally. Global industry leaders and large organizations see an expanded role for IoT technologies, big data analytics in the residential building construction industry.

The global residential building construction market is growing due to in rising disposable income in emerging markets, low interest rates encouraging housing loans borrowing, urbanization, increasing popularity of high rise buildings and government funding for housing projects. These factors along with technological advances such as IoT technologies adopted in smart buildings and building software applications.

Scope of Report
This research report categorizes the residential building construction market by type. Segment type include new single-family housing construction and new multi-family housing construction and others.

Information Sources
• Public information via annual reports to shareholders as well as other government reports that are available for public review.
• Company marketing information, advertising, company press releases, state and local news sources, and subscription-based information.
• Online research including third-party references.
• Trade associations, directories and publications.
• Telephone interviews with both current customers and prospects.
• Various private industry sources.

Methodology
Research methodology followed in this report is a top-down approach. Various sources were used to arrive at the total market figure, which was broken down into various applications and sub markets based on primary and secondary data. Both a quantitative and qualitative approaches were used to derive the market size and growth rates. Many secondary sources were reviewed and extensive primary research was conducted with key opinion leaders, marketing managers, product managers and end users.

Market numbers have been calculated in constant U.S. dollars.

Geographic Breakdown

In this report, the geographic regions considered for market analysis include, and only include:
• Asia Pacific
• North America
• South America
• Western Europe
• Eastern Europe
• Middle East
• Africa

Residential Building Construction Market, By Segment
Multi-family Building Construction
Single-family Building Construction

Residential Building Construction Market, By Region
Asia Pacific
North America
Western Europe
South America
Eastern Europe
Middle East Africa

Chapter 2: Summary and Highlights
Global residential building construction market growth outlook is positive with significant growth potential for single-family housing construction and multifamily housing units.

There is mounting pressure to reduce costs, improve quality and satisfy customers as it has been moving from a providerdriven model to a consumer-driven model. At the same time, emerging market growth, low interest rate environment, rising disposable income, rapid urbanization, rising population, technological advances is driving the residential building construction market.

Read the full report: https://www.reportlinker.com/p05343384

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