Demand for new housing and commercial real estate grew in recent years, but supply struggles to keep up. Construction space became scarce, for instance, whilst both consumers and investors are looking for new properties. Not only that, but global awareness of climate change also grew – and with it an increasing search for environmentally friendly options. Building requirements have therefore become more complex over the years. Emerging technologies could help the industry to cope with society’s growing demands for and within property.
Unsurprisingly, the largest countries in the world tend to have the biggest construction markets. Population changes and domestic economic circumstances, however, impact residential output. New homes in India, for instance, were forecast to increase by nine percent – the highest value found in the top 20 developed construction markets – but this was a cooldown from previous years. Germany’s new residential construction was still growing, albeit at a much smaller scale than India.
Single family building permits U.S.Significant differences can be found in warehouse construction costs between capital cities, as it can depend on several factors like location, materials, and unionization of the labor force. Since 2020, a new factor revealed itself: The rate how much e-commerce increased. COVID-19 unexpectedly sped up developments in online shopping in certain areas in the world, creating new demand for logistics.
Primary rent for logistics warehouses in SpainThe demand for structures with low greenhouse gas emissions – ideally both during as well after its construction – increased as climate change concerns grew. Whilst there is no unified global approach to how to best construct this type of building, it is believed its market size would more than double in six years’ time. Part of this is the reduced operational and maintenance costs provided by the construction of new green buildings.
LEED project distribution in JapanThe home construction segment plays a big role in certain countries, but not in all. In the United States, for instance, construction company like Lennar Corp can specialize in the construction of residential property. This is unlike Europe, though, where residential is but one part found within a larger company. France’s Vinci – Europe’s largest construction company – has several construction activities within several branches, not just residential.
Biggest housing construction companies in JapanThe global heating, ventilation, and air conditioning (HVAC) market is predicted to grow with a CAGR of nearly four percent until 2030. An increasing global temperature is one driver for this development, alongside growing government support as well as increasing demand for this kind of equipment during the construction process. Some countries, such as China, the U.S. or Italy, already use these systems extensively. Others could follow soon.
HVAC market size forecast ChinaThe section Building Construction covers everything that impact the process of adding structures to plots of land – such as residential, non-residential, and industrial buildings. This includes topics like:
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