Government Buildings Global Market Report 2024

Description

“Government Buildings Global Market Report 2024 ” 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 government 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 COVID-19 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 government buildings? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The government 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.

Scope

Markets Covered:

1) By Type: Institutional Buildings; Commercial Buildings
2) By Building Type: Non-Residential Smart Buildings; Traditional Buildings
3) By End-User: Private; Public
Companies Mentioned: China State Construction Engineering Co. Ltd.; Shanghai Construction Group Co. Ltd.; Clark Construction Group LLC; The Whiting-Turner Contracting Company; Turner Construction Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
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

Government buildings are structures that serve as the collective housing for various government offices, facilitating the administration of legal and civic affairs within an organized community.

The primary types of government buildings are institutional buildings and commercial buildings. Institutional buildings encompass structures used in industries such as healthcare, education, recreation, or public works. These buildings may include non-residential smart buildings and traditional buildings. They cater to diverse end-users, including both private and public entities.

The government buildings market research report is one of a series of new reports from The Business Research Company that provides government buildings market statistics, including government buildings industry global market size, regional shares, competitors with a government buildings market share, detailed government buildings market segments, market trends, and opportunities, and any further data you may need to thrive in the government buildings industry. This government 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.

The government buildings market size has grown marginally in recent years. It will grow from $48.28 billion in 2023 to $49.05 billion in 2024 at a compound annual growth rate (CAGR) of 1.6%. The growth observed in the historical period can be attributed to several factors, including government infrastructure investments, population growth and urbanization, policy changes and regulatory requirements, efforts towards modernization and upgrading, as well as concerns related to security and safety.

The government buildings market size is expected to see marginal growth in the next few years. It will grow to $52.86 billion in 2028 at a compound annual growth rate (CAGR) of 1.9%. The anticipated growth in the forecast period can be attributed to the adoption of sustainable and green building practices, the integration of smart infrastructure, the utilization of public-private partnerships (PPPs), evolving work dynamics, and demographic shifts with a focus on community services. Major trends expected in the forecast period include an emphasis on accessibility and inclusivity, the renovation and retrofitting of existing structures, the digital transformation in government services, the promotion of collaboration and co-working spaces, and the incorporation of biophilic design principles.

The anticipated growth of the government buildings market is expected to be driven by the increasing expenditure by governments. This expenditure encompasses the capital spent on various goods and services, including the development of government buildings such as hospitals and schools. Notably, government spending has seen significant figures, as reported by the Central Statistics Office Ireland in March 2022, projecting general government spending to be 1,595.0 billion ISK ($11.61 billion) in 2021. Similarly, the Government of India's 2021-22 annual budget report indicates a substantial increase in overall government spending to INR 34,83,236 crore ($4,127,831.20) for 2021-22, demonstrating the driving force of increasing government expenditure on the growth of the government buildings market.

The growth of the government buildings market is further expected to benefit from the rising trend of urbanization. Urbanization, characterized by the transformation of rural areas into urbanized regions due to economic development, is anticipated to drive investments in the construction, renovation, and modernization of government buildings. The World Bank Group reported in April 2023 that more than half of the global population currently resides in urban areas, with projections indicating a surge to 6 billion urban residents by 2045. This uptick in urbanization is identified as a significant factor propelling the growth of the government buildings market.

A notable trend in the government buildings market is the emphasis on specialized government buildings, with major companies focusing on designing structures equipped with specialized systems. An example is the Central Vista Project launched by the Government of India in September 2021, featuring the construction of a new parliament building with modern audio-visual equipment and practical spaces designed for enhanced efficiency.

Sustainability and green building practices have emerged as prominent trends in the government building market, reflecting a commitment to environmentally responsible construction. Governments are increasingly adopting energy-efficient designs, renewable energy sources, and eco-friendly materials for their building projects. The Biden administration's announcement in November 2023 to invest $2 billion in federal building projects prioritizing materials that minimize carbon emissions underscores the growing emphasis on sustainable practices in government construction projects.

In October 2022, Pike Construction Services, a US-based construction company, acquired Charles A. Gaetano Construction Corporation and C2C Construction Solutions, LLC. This acquisition is expected to enhance Pike's position in the Central New York region and the Northeast while adding value to its client offerings. Charles A. Gaetano Construction Corporation and C2C Construction Solutions, LLC are providers of construction services, including projects related to government buildings.

Major companies operating in the government buildings market report are China State Construction Engineering Co. Ltd., Shanghai Construction Group Co. Ltd., Clark Construction Group LLC, The Whiting-Turner Contracting Company, Turner Construction Company, Balfour Beatty plc, Greenland Holding Corp. Ltd., Obayashi Corporation, Daiwa HouseIndustry Co. Ltd., HOCHTIEF Aktiengesellschaft, Vinci S.A., Bouygues SA, Kajima U.S.A. Inc., Bechtel Corporation, Skanska AB, Fluor Corporation, STO Building Group, PulteGroup Inc., Jacobs Solutions Inc., WSP Global Inc., Alfa Tech Ltd., AECOM Technology Corporation, DPR Construction, PCL Construction Enterprises Inc., Brasfield & Gorrie LLC, JE Dunn Construction, McCarthy Holdings Inc., Hensel Phelps Construction Co., Stanley Technology Group Inc., Suffolk Construction Company Inc., Summit Contracting Group Inc., McShane Construction Ltd., Ajax Building Co., HITT Contracting Inc., Harkins Builders Inc., Kiewit Corporation .

Asia-Pacific was the largest region in the government buildings market in 2023. The regions covered in the government buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the government buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The government buildings market includes revenues earned by entities by constructing government buildings such as municipal administration buildings, maintenance facilities, office buildings, government parking facilities, parks and recreation facilities. 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.

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.

Product Code: r10998

1. Executive Summary

2. Government Buildings Market Characteristics

3. Government Buildings Market Trends And Strategies

4. Government Buildings Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Government Buildings Market Size and Growth

5.1. Global Government Buildings Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Government Buildings Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Government Buildings Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Government Buildings Market Segmentation

6.1. Global Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Institutional Buildings
Commercial Buildings
6.2. Global Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Non-Residential Smart Buildings
Traditional Buildings
6.3. Global Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Private
Public

7. Government Buildings Market Regional And Country Analysis

7.1. Global Government Buildings Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Government Buildings Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Government Buildings Market

8.1. Asia-Pacific Government 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 Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Government Buildings Market

9.1. China Government Buildings Market Overview
9.2. China Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Government Buildings Market

10.1. India Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Government Buildings Market

11.1. Japan Government Buildings Market Overview
11.2. Japan Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Government Buildings Market

12.1. Australia Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Government Buildings Market

13.1. Indonesia Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Government Buildings Market

14.1. South Korea Government Buildings Market Overview
14.2. South Korea Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Government Buildings Market

15.1. Western Europe Government Buildings Market Overview
15.2. Western Europe Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Government Buildings Market

16.1. UK Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Government Buildings Market

17.1. Germany Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Government Buildings Market

18.1. France Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Government Buildings Market

19.1. Italy Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Government Buildings Market

20.1. Spain Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Government Buildings Market

21.1. Eastern Europe Government Buildings Market Overview
21.2. Eastern Europe Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Government Buildings Market

22.1. Russia Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Government Buildings Market

23.1. North America Government Buildings Market Overview
23.2. North America Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Government Buildings Market

24.1. USA Government Buildings Market Overview
24.2. USA Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Government Buildings Market

25.1. Canada Government Buildings Market Overview
25.2. Canada Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Government Buildings Market

26.1. South America Government Buildings Market Overview
26.2. South America Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Government Buildings Market

27.1. Brazil Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Government Buildings Market

28.1. Middle East Government Buildings Market Overview
28.2. Middle East Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Government Buildings Market

29.1. Africa Government Buildings Market Overview
29.2. Africa Government Buildings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Government Buildings Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Government Buildings Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Government Buildings Market Competitive Landscape And Company Profiles

30.1. Government Buildings Market Competitive Landscape
30.2. Government Buildings Market Company Profiles
- 30.2.1. China State Construction Engineering Co. Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Shanghai Construction Group Co. Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Clark Construction Group LLC
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. The Whiting-Turner Contracting Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Turner Construction Company
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Government Buildings Market Competitive Benchmarking

32. Global Government Buildings Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Government Buildings Market

34. Government Buildings Market Future Outlook and Potential Analysis

34.1 Government Buildings Market In 2028 - Countries Offering Most New Opportunities
34.2 Government Buildings Market In 2028 - Segments Offering Most New Opportunities
34.3 Government Buildings Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer