Product Code: r6878
“Office Buildings Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on office buildings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for office buildings? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The office buildings market global report ” from The Business Research Company 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.
- 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, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the 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 growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter 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.
Scope
Markets Covered:
- 1) By Building Type: Smart Buildings; Traditional Buildings
- 2) By Construction Type: New Construction; Renovation
- 3) By Application: Owned; Rental
- 4) By End User: Private; Public
- Companies Mentioned: Kiewit Building Group Inc.; Toll Brothers Inc.; CBRE Group Inc.; Bouygues S.A.; Jacobs Solutions Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major companies in the the office buildings market are: Kiewit Building Group Inc., Toll Brothers Inc., CBRE Group Inc., Bouygues S.A., Jacobs Solutions Inc., China Railway Construction Corporation Limited, Power Construction Corp, China State Construction Engineering Co. Ltd., Jones Lang LaSalle (JLL), Colliers International, Skanska AB, Gilbane Building Company, Holcim, The Korte Company, and Yates Construction.
The global office buildings market is expected to grow from $567.20 billion in 2022 to $583.20 billion in 2023 at a compound annual growth rate (CAGR) of 2.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The office buildings market is expected to reach $620.94 billion in 2027 at a CAGR of 1.6%.
The office building market includes revenues earned by entities by planning, developing, designing, procuring, constructing, and leasing of public or private office buildings. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
An office building refers to a commercial building composed of spaces for offices. It is a building structure used primarily to conduct business operations such as administration, clerical services, consulting, and other client services without including retail sales.
Europe was the largest region in the office buildings market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in office building report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of office buildings are smart buildings and traditional buildings. Smart buildings, also known as smart facilities, are buildings that use systems, services, and technologies based on information and communications technology to maximize the performance of the facility. The type of construction including new construction and renovation used for several applications such as owned and rental by private, public end users.
Demand from expanding companies is expected to propel the growth of the office buildings market going forward. Business expansion refers to an organization's efforts to expand in order to widen its range of operations and boost revenue. The organization's growth will increase the demand for new workers to complement their expanded operations, which further requires additional office space to accommodate the new employees. For instance, according to a study conducted on 500 UK-based small and medium-sized enterprises (SMEs) in October 2022 conducted by Airwallex, a UK-based fintech company, in 2023, 70% of businesses plan to expand into or even further expand into foreign markets. Out of the polled numbers, two-thirds (64%) will focus on Europe and North America, while one third (34%) are getting ready to grow into the Middle East, Latin America, Africa, and Asia-Pacific. Therefore, the demand from expanding companies is driving the growth of the office buildings market.
Sustainability and energy-efficient offices are a key trend gaining popularity in the office buildings market. Major companies operating in the office buildings sector are focused on sustainability to meet their carbon net-zero goals and the needs of new-generation workers. For instance, in March 2023, Adobe, a US-based software company, completed its new sustainable office in San Jose, California. The all-electric building draws its electric power from renewable sources, solar and wind. It has used a special glass to decrease the amount of heat and cold entering the building. 90% of the waste is recycled to divert it from landfills. Air source heat pumps were installed for heating and cooling instead of furnaces.
In April 2022, Cianbro Corp., a US-based construction company, acquired R. C. Stevens Construction Company for an undisclosed amount. The acquisition will give both companies a permanent presence in the Southeast and create new chances to grow their markets. R. C. Stevens Construction Company is a Florida-based commercial construction company, including the construction of office buildings.
The countries covered in the office building market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The office buildings market research report is one of a series of new reports from The Business Research Company that provides office buildings market statistics, including office buildings industry global market size, regional shares, competitors with a office buildings market share, detailed office buildings market segments, market trends, and opportunities, and any further data you may need to thrive in the office buildings industry. This office buildings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Office Buildings Market Characteristics
3. Office Buildings Market Trends And Strategies
4. Office Buildings Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Office Buildings Market
- 4.2. Ukraine-Russia War Impact On Office Buildings Market
- 4.3. Impact Of High Inflation On Office Buildings Market
5. Office Buildings Market Size And Growth
- 5.1. Global Office Buildings Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Office Buildings Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Office Buildings Market Segmentation
- 6.1. Global Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Smart Buildings
- Traditional Buildings
- 6.2. Global Office Buildings Market, Segmentation By Construction Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- New Construction
- Renovation
- 6.3. Global Office Buildings Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Owned
- Rental
- 6.4. Global Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Private
- Public
7. Office Buildings Market Regional And Country Analysis
- 7.1. Global Office Buildings Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Office Buildings Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Office Buildings Market
- 8.1. Asia-Pacific Office Buildings Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Office Buildings Market
- 9.1. China Office Buildings Market Overview
- 9.2. China Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Office Buildings Market
- 10.1. India Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Office Buildings Market
- 11.1. Japan Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Office Buildings Market
- 12.1. Australia Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Office Buildings Market
- 13.1. Indonesia Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Office Buildings Market
- 14.1. South Korea Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Office Buildings Market
- 15.1. Western Europe Office Buildings Market Overview
- 15.2. Western Europe Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Office Buildings Market
- 16.1. UK Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Office Buildings Market
- 17.1. Germany Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Office Buildings Market
- 18.1. France Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Office Buildings Market
- 19.1. Eastern Europe Office Buildings Market Overview
- 19.2. Eastern Europe Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Office Buildings Market
- 20.1. Russia Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Office Buildings Market
- 21.1. North America Office Buildings Market Overview
- 21.2. North America Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Office Buildings Market
- 22.1. USA Office Buildings Market Overview
- 22.2. USA Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Office Buildings Market
- 23.1. South America Office Buildings Market Overview
- 23.2. South America Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Office Buildings Market
- 24.1. Brazil Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Office Buildings Market
- 25.1. Middle East Office Buildings Market Overview
- 25.2. Middle East Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Office Buildings Market
- 26.1. Africa Office Buildings Market Overview
- 26.2. Africa Office Buildings Market, Segmentation By Building Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Office Buildings Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Office Buildings Market Competitive Landscape And Company Profiles
- 27.1. Office Buildings Market Competitive Landscape
- 27.2. Office Buildings Market Company Profiles
- 27.2.1. Kiewit Building Group Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Toll Brothers Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. CBRE Group Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Bouygues S.A.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Jacobs Solutions Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Office Buildings Market
29. Office Buildings Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer