Dublin, Feb. 12, 2021 (GLOBE NEWSWIRE) -- The "Building Finishing Contractors Global Market Report 2021: COVID-19 Impact and Recovery to 20302) Residential Building Construction: Residential Building Construction; Nonresidential Building Construction; Utility System Construction; Others 4) By Mode: Online; Offline" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global building finishing contractors market as it emerges from the COVID-19 shut down.
The global building finishing contractors market is expected to grow from $1071.13 billion in 2020 to $1145.15 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1522.95 billion in 2025 at a CAGR of 7%.
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Where is the largest and fastest growing market for the building finishing contractors? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Building Finishing Contractors market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider building finishing contractors market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The building finishing contractors market section of the report gives context. It compares the building finishing contractors market with other segments of the specialty trade contractors market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, building finishing contractors indicators comparison.
Asia Pacific was the largest region in the global building finishing contractors market, accounting for 41% of the market in 2020. Western Europe was the second largest region accounting for 26% of the global building finishing contractors market. Africa was the smallest region in the global building finishing contractors market.
Predictive analytics is playing a prominent role in the building finishing contractors' market to simplify risk management, manage financials and resources, and allocate budgets. Predictive analytics refers to a technique used to process large data sets and infer actionable information and behaviour patterns. The software analyses data collected from subcontractors, materials suppliers, design plans to examine and control risk factors. Predictive analytics helps the project manager to predict and avoid delays in manpower availability and equipment shortages, collects weather data and predicts the conditions for the company to take preventive actions against the weather changes to avoid loss of material and labour costs. Some of the software used by building finishing contractor include GanttPRO, Acculynx, Jonas Premier, CoConstruct, Buildertrend, Knowify, Procore, PlanGrid, ProCOntractor and BIM 360.
Health and safety issues have always been a major concern in the building finishing contractors industry. Construction activities always face worker safety issues with them working at height, working in confined spaces, working underground and close proximity to falling materials, handling load manually, handling hazardous substances, using plant and equipment, fire and exposure to live cables. The American construction industry comprises 6% of the US workers, but witness around 20% the fatalities, largest number of fatalities compared to any other industry. Inadequate safety and health measures has a negative impact on both the construction and built environments resulting in fatalities, injuries and diseases.
The population profile of most countries is becoming older, increasing the demand for elderly friendly infrastructure. According to the Population Reference Bureau, the share of population over the age of 65 in the global population increased from 8% in 2015 to 9% in 2019. The global population aged 65 years or over was 703 million in 2019. Therefore, the demand for infrastructural improvements which is 'elderly' friendly increased during the historic period. Houses and the wider surroundings had to be adapted to be made safer and more inclusive. Local shops and town centers had to be made more accessible and had to be made accessible to the elderly. Public transport facilities also had to be revised based on the increased demand from the elderly. This resulted in increased building finishing contractors activity during historic period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Building Finishing Contractors Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Building Finishing Contractors Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Building Finishing Contractors Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Building Finishing Contractors Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Building Finishing Contractors Market Trends And Strategies
8. Impact Of COVID-19 On Building Finishing Contractors
9. Building Finishing Contractors Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Building Finishing Contractors Market Regional Analysis
10.1. Global Building Finishing Contractors Market, 2020, By Region, Value ($ Billion)
10.2. Global Building Finishing Contractors Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Building Finishing Contractors Market, Growth And Market Share Comparison, By Region
11. Building Finishing Contractors Market Segmentation
11.1. Global Building Finishing Contractors Market, Segmentation By Type
11.2. Global Building Finishing Contractors Market, Segmentation Residential Building Construction
11.3. Global Building Finishing Contractors Market, Segmentation By Service Provider
11.4. Global Building Finishing Contractors Market, Segmentation By Mode
12. Building Finishing Contractors Market Metrics
12.1. Building Finishing Contractors Market Size, Percentage Of GDP, 2015-2025, Global
12.2. Per Capita Average Building Finishing Contractors Market Expenditure, 2015-2025, Global
13. Asia-Pacific Building Finishing Contractors Market
14. Western Europe Building Finishing Contractors Market
15. Eastern Europe Building Finishing Contractors Market
16. North America Building Finishing Contractors Market
17. South America Building Finishing Contractors Market
18. Middle East Building Finishing Contractors Market
19. Africa Building Finishing Contractors Market
20. Building Finishing Contractors Market Competitive Landscape
20.1. Competitive Market Overview
20.2. Market Shares
20.3. Company Profiles
20.3.1. APi Group Inc
20.3.1.1. Company Overview
20.3.1.2. Products And Services
20.3.1.3. Strategy
20.3.1.4. Financial Performance
20.3.2. Performance Contracting Group Inc
20.3.2.1. Company Overview
20.3.2.2. Products And Services
20.3.2.3. Strategy
20.3.2.4. Financial Performance
20.3.3. Cleveland Construction Inc
20.3.3.1. Company Overview
20.3.3.2. Products And Services
20.3.3.3. Strategy
20.3.3.4. Financial Performance
20.3.4. Irex Corp of Lancaster
20.3.4.1. Company Overview
20.3.4.2. Products And Services
20.3.4.3. Strategy
20.3.4.4. Financial Performance
20.3.5.
20.3.5.1. Company Overview
20.3.5.2. Products And Services
20.3.5.3. Strategy
20.3.5.4. Financial Performance
21. Key Mergers And Acquisitions In The Building Finishing Contractors Market
22. Market Background: Specialty Trade Contractors Market
22.1. Specialty Trade Contractors Market Characteristics
22.2. Specialty Trade Contractors Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, By Segment, Value ($ Billion), Global
22.3. Global Specialty Trade Contractors Market, 2020, By Region, Value ($ Billion)
22.4. Global Specialty Trade Contractors Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
22.5. Global Specialty Trade Contractors Market, 2015-2020, 2020-2025F, 2030F, Segmentation By Type, Value ($ Billion)
23. Recommendations
23.1. Global Building Finishing Contractors Market In 2025- Growth Countries
23.2. Global Building Finishing Contractors Market In 2025- Growth Segments
23.3. Global Building Finishing Contractors Market In 2025- Growth Strategies
24. Appendix
24.1. NAICS Definitions Of Industry Covered In This Report
24.2. Abbreviations
24.3. Currencies
24.4. Research Inquiries
24.5. The Publisher
25. Copyright And Disclaimer
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