Global Dry Construction Market Size study, By Type, By Material, By System, By Application, and Regional Forecasts 2022-2028
発行: Bizwit Research & Consulting LLP
List of figures
Global Dry Construction Market is valued approximately USD 83.27 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2022-2028.
Dry construction refers to the specialized technique of construction that uses industrial prefabricated construction systems. It is a significant alternative as it offers quick, safe, and quality construction assembly that does not need any extra time for drying. These systems include the construction of interior walls, floors, and ceilings by the usage of microfiber or plastered board that is attached during installation. The growing population in the urban areas, rising investments in the construction industry, coupled with increasing industrialization are the primary factors that are spurring the market demand around the world. For instance, according to The International Bank for Reconstruction and Development (IBRD), there are around 4.2 billion inhabitants (with almost 55%) of the world's population in 2020 are living in cities. Additionally, this trend is expected to continue, with that urban population is projected to get more than doubling and reach nearly 7 of 10 people in cities across the globe. Thereby, the rising population in the urban region is leading to the growth of the construction industry, which, in turn, bolsters the growth of the dry construction market in the impending years. However, the rise in raw material prices and disposal of flooring waste impedes the growth of the market over the forecast period of 2022-2028. Also, growing demand for dry construction techniques over wet construction methods and replacement of floors is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Dry Construction market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the thriving growth of the construction industry, increasing industrialization, and rapid urbanization. Whereas, Europe is anticipated to exhibit a significant CAGR over the forecast period 2022-2028. Factors such as rising disposable income, as well as the development of the both residential and commercial segments, would create lucrative growth prospects for the Dry Construction market across the European region.
Major market players included in this report are:
Armstrong World Industries, Inc.
Fletcher Building Limited
USG Boral Limited
Knauf Gips KG
Panel Rey S.A.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Dry Construction Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers