About Housing Construction
A procedure of adding structure to real property is known as housing construction. The enormous majority of housing construction projects are small renovations, for example, the addition of a room, or renovation of a bathroom. Frequently, the owner of the property acts as a laborer, paymaster, and design team for the entire project. However, all housing construction projects include some elements in common like design, financial, and legal considerations. Additionally, housing construction is obtained privately or publicly applying numerous delivery methodologies, containing hard bid, negotiated price, construction management-at-risk, management contracting, design & build design-build bridging and others. Construction contrasts from manufacturing in which manufacturing usually involves bulk production of similar items without a designated purchaser, while construction normally takes place on location for a known client.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.51% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new technology, which is likely to encourage the growth of the global market throughout the forecast period Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Housing Construction market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
China State Construction Engineering Co., Ltd. (China), D.R. Horton Inc. (United States), China Railway Construction Corporation Limited (China), Lennar Corporation (United States), Kiewit Building Group (United States), Ramboll Group (Denmark), James Hardie Industries PLC (Ireland), Nichiha Corporation (Japan), Etex Group (Belgium) and Tarkett Company (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Georgia Pacific Vinyl Siding (United States) and Polyflor Incorporation (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Housing Construction market by Type (Flat Construction and Single House Construction) and Region.
On the basis of geography, the market of Housing Construction has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Equipment, the sub-segment i.e. Material Handling & Cranes will boost the Housing Construction market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Wood will boost the Housing Construction market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Strict Regulations to Reduce Greenhouse Gas Emission
Market Growth Drivers:
Increasing Number of Residential and Construction Activities and Rise in Population and Urbanization in Developing Region
Challenges:
Shortage of Skilled Workforce in Housing Construction Services
Restraints:
High Cost of Housing Construction Services and High Raw Material and Installation Costs
Opportunities:
Rising Awareness about Green Housing Practices and Increasing Demand for Enhancement in the Aesthetic Appeal of Houses
Market Leaders and their expansionary development strategies
In June 2022, Holcim and Habitat for Humanity have entered a partnership to accelerate access to affordable housing driven by an innovative digital platform. Together they are deploying an online affordable housing portal to enable low-income families to access finance as well as building materials and solutions in a safe and seamless way. The first project was rolled out in Mexico and is enabling the affordable renovation of 600 homes in the Bajio and Veracruz regions. The ultimate goal of this partnership is to enable a sustainable and healthy built environment where everyone has a decent place to live.
In March 2023, Housing.com has announced the launch of the latest edition of its signature online property event, Happy New Homes. During the virtual event, which provides consumers an option to buy and sell virtually with the utmost ease through the use of latest technology-enablers, properties from across price segments in India’s mega cities as well as Tier-II and Tier-III markets would be up for grabs.
Key Target Audience
Housing Construction Service Providers, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Housing Materials, Construction Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.