Leading companies in the market include Fletcher Building Ltd. ; NCI Building Systems Inc .; Interserve Plc. The global building finishing contractors market is expected to grow from $ 1,205. 22 billion in 2021 to $ 1,358.
New York, December 31, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the “Building Finishing Contractors Global Market Report 2022” – https://www.reportlinker.com/p06193655/?utm_source=GNW
56 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The growth is mainly driven by companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the shutdown of business activities that have resulted in operational challenges. The market is expected to reach $ 2,122.71 billion in 2026 at a CAGR of 11.7%.
The building finishing contractors market includes the sales of the services of building finishing contractors and related goods by entities (organizations, sole proprietorships and partnerships) that undertake the skilled trades required to finish buildings. Work performed may include new work, additions, modifications, maintenance, and repairs.
Building finishing contractors include drywall and insulation contractors, painting and wall covering contractors, flooring contractors, tile and terrazzo contractors, carpentry finish contractors and other contractors. in building finishing.
The main types of building finishing contractors are drywall and insulation contractors, painting and wall covering contractors, flooring contractors, tile and terrazzo contractors, carpentry finishing contractors and other building finishing contractors. Drywall and insulation contractors specialize in drywall, plaster, and building insulation. .
Building finishing services are provided by large corporate chains and independent contractors and are available in various modes such as online and offline. Building finishing contractors are involved in various applications such as residential construction, construction of non-residential buildings, and construction of utility and other systems.
Asia-Pacific was the largest region in the building finishing contractors market in 2021. Western Europe was the second largest region in the building finishing contractors market.
The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East & Africa.
The population profile of most countries is aging, increasing the demand for infrastructure suitable for older people. For example, in 2019, there were 703 million people worldwide who were 65 years of age or older.
The number of older people is expected to quadruple to 1.5 billion by 2050. Globally, the proportion of the population aged 65 and over climbed to 9% in 2019. This number is expected to rise to 16% by 2050, which implies that one in every six people on the planet would be 65 years of age or older. Homes and the wider environment 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 have also had to be revised according to the increased demand from the elderly. This will lead to an increase in demand for the activities of building finishing contractors during the forecast period.
Predictive analytics is playing a leading role in the building finishing contractor market to simplify risk management, manage finances and resources, and allocate budgets. Predictive analytics refers to a technique used to process large sets of data and derive actionable insights and patterns of behavior.
The software analyzes data collected from subcontractors, material suppliers, design plans to examine and control risk factors. Predictive analytics helps the project manager predict and avoid delays in labor availability and equipment shortages, collect weather data and predict conditions to be taken by the business. preventive actions against climate change to avoid material loss and labor costs.
Some of the software used by building finishing contractors 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 contractor industry. Construction activities are always faced with safety issues for workers who work at heights, work in confined spaces, work underground and near falling materials, handle loads manually, handle hazardous products. substances, use of facilities and equipment, fire and exposure to live cables.
For example, according to 25 construction safety statistics for 2021, the US construction industry comprises 6% of American workers, but witnesses about 20% of fatalities, the highest number of fatalities compared to any other industry. Inadequate health and safety measures negatively impact construction and built environments, resulting in death, injury and illness.
Countries Covered In The Building Finishing Contractors Market Report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States , Venezuela and Vietnam.
Read the full report: https://www.reportlinker.com/p06193655/?utm_source=GNW
On Report link
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001