Table of Contents
Cities to Thrive as New Edge Buildings Go Green and Energy Efficient
This research studies the growing market for building construction in the Asia-Pacific, and it discusses the key trends and opportunities such as green and smart buildings. The fundamental factors driving and restraining this market are examined along with a forecast of the market revenue for the residential and non-residential segments from 2014-2018. The segments have been further discussed on the basis of their regional performance and major market participants have been identified. Finally predictions about the market have been made upto 2018.
-The Building Construction market is in growth stage in Asia-Pacific. The compound annual growth rate (CAGR) of the building construction market is expected to be % from 2013 to 2018. The market size is expected to be $ billion in 2018. There is an increase of $ billion from $ billion in 2013.
-The building construction in Asia-Pacific is led by the Southeast Asia region, primarily due to population growth, increasing urbanization and economic activities in the developing countries such as Thailand, Indonesia, Vietnam, the Philippines, and Malaysia.
-The leading segment in the building construction market is the residential buildings construction. It holds a market share of % and is likely to capture a higher market share of % in 2018. There will only be a significant decrease in the market share of non-residential buildings during the forecast period.
-A number of challenges concerning the building construction market have been identified, such as competitive environment for new market participants, escalating property prices and low level of governmental support in rural development. -However, the market drivers have a more significant impact in sustaining the industry. The top market drivers include:
-Push for green and sustainable buildings
-Rapid economic growth in Asia-Pacific
-Market convergence with information and communications technology (ICT)
-Population growth and rapid urbanization
-Major market participants in the building construction industry comprises property developers. The building construction market is extremely fragmented with top participants of the industry dominating only % of the market.
-The top market participants are Mitsui Fudosan Co., Lend Lease, Taisei Corp., Hyundai Engineering & Construction Co. and Obayashi Corp.
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