How Is The Building Finishing Contractors Market Segmented?
The building finishing contractors market covered in this report is segmented –
1) By Type: Drywall And Insulation Contractors, painting and wall covering contractors, Flooring Contractors, Tile And Terrazzo Contractors, Finish Carpentry Contractors, Other Building Finishing Contractors
2) By Service Provider: Large Chain Companies, Independent Contractors
3) By Mode: Online, Offline
4) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Other Applications
Subsegments:
1) By Drywall And Insulation Contractors: Drywall Contractors, Insulation Contractors
2) By Painting And Wall Covering Contractors: Interior Painting Contractors, Exterior Painting Contractors, Wallpaper Contractors, Other Wall Covering Contractors
3) By Flooring Contractors: Carpet Installation Contractors, Hardwood Floor Contractors, Ceramic Tile Installation Contractors, Vinyl And Linoleum Flooring Contractors, Other Flooring Contractors
4) By Tile And Terrazzo Contractors: Ceramic Tile Contractors, Terrazzo Flooring Contractors, Marble And Stone Tile Contractors, Other Tile And Terrazzo Contractors
5) By Finish Carpentry Contractors: Cabinet Installation Contractors, Millwork Contractors, Trim And Molding Contractors, Door And Window Installation Contractors, Other Finish Carpentry Contractors
6) By Other Building Finishing Contractors: Stucco Contractors, Plaster Contractors, Soundproofing Contractors, Other Specialty Finishing Contractors
What Is Driving The Building Finishing Contractors Market? Rising Global Aging Population Drives Demand For Building Finishing Contractors Market
The population profile of most countries is becoming older, which is increasing the demand for elderly-friendly infrastructure. For instance, according to World Health Organization (WHO), an specialized government agency, between 2020 to 2050, the number of people with 80 years of age or older is expected to triple and reach to 426 million and by 2050, the number of people aged 60 and over will double to reach 2.1 billion. Houses and the wider surroundings 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 also had to be revised based on the increased demand from the elderly. This will result in increased demand for building finishing contractors' activity during the forecast period.
What Is Driving The Building Finishing Contractors Market? Rising Construction Industry Fueling Growth In The Building Finishing Contractors Market
The growth in the construction industry is expected to propel the growth of the building finishing contractor market going forward. The construction industry involves the planning, design, and physical construction of buildings, infrastructure, and other structures to meet various societal and commercial needs. Building finishing contractors offer a wide range of services that are essential to completing a construction project. These services may include interior and exterior painting, flooring installation, drywall installation, roofing, insulation, plumbing, and electrical work. For instance, in February 2023, according to the Office for National Statistics, a UK-based statistics authority, annual construction output increased by 5.6% in 2022 compared with 2021, which follows a record increase in 2021 of 12.8%. Therefore, the growth in the construction industry is driving the building finishing contractor market.
Who Are The Major Players In The Global Building Finishing Contractors Market?
Major companies operating in the building finishing contractors market include Fletcher Building Ltd., NCI Building Systems Inc, Interserve Plc, APi Group Inc, Performance Contracting Group Inc, Cleveland Construction Inc, Irex Corp of Lancaster, Sherwin-Williams Company, Pittsburgh Plate Glass Industries, Inc, RPM International Inc., The Valspar Corporation, Benjamin Moore & Co., Behr Process Corporation, Rust-Oleum Corporation, Akzo Nobel N.V., Axalta Coating Systems Ltd., BadischeAnilin und Soda-Fabrik SE, The Dow Chemical Company, DuPont de Nemours, Inc., Eastman Chemical Company, 3M Company, Avery Dennison Corporation, Bostik SA, Data Acquisition and Processing Products Inc., Franklin International Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc., ITW Performance Polymers & Fluids, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., Pidilite Industries Ltd., Sika AG, United States Gypsum Corporation, Armstrong World Industries Inc., CertainTeed Corporation, Georgia-Pacific LLC.
What Are The Key Trends Of The Global Building Finishing Contractors Market? Technological Advancements in Building Finishing Contractor Solutions
Major companies operating in the building finishing contractor market are focusing on developing technologically advanced solutions, such as easy-to-use software for fast-paced building construction to streamline project management, enhance precision, and improve overall efficiency. Easy-to-use software for fast-paced building construction refers to digital tools designed to simplify and accelerate construction management processes. For instance, in May 2023, Topcon, a Japan-based engineering company, introduced Digital Layout, a user-friendly software designed to enhance efficiency in the building construction industry. Aimed at both novice and experienced users, it simplifies the transition from traditional layout methods to digital workflows. The software is compatible with 3D lasers and integrates seamlessly with Autodesk Revit or AutoCAD for point file creation. Key features include real-time reporting, multi-platform support for Windows and Android, and cloud connectivity through Topcon MAGNET Enterprise for easy data sharing.
What Are The Key Trends Of The Global Building Finishing Contractors Market? Transforming Construction Material Procurement WithMistry.Store’S New App Boost Building Finishing Contractors Market
Major companies in the building finishing contractor market are developing innovative solutions such as digital platforms for building materials to streamline procurement, enhance project efficiency, and sustain their position in the market. The Building Material Platform app simplifies construction material sourcing and management for contractors and builders. For instance, in April 2023, Mistry.Store, an India-based building material platform, launched a new app exclusively for home-building professionals such as architects, designers, and contractors. The app is available on both Android and iOS and provides professionals with a streamlined experience, including access to Mistry’s more than 1500 product catalog, a simplified order placement and delivery mechanism, expense and project management tools, and a dashboard to view all earnings and transactions.
Regional Outlook For The Global Building Finishing Contractors Market
Asia-Pacific was the largest region in the building finishing contractors market in 2024. Western Europe was the second-largest region in the building finishing contractors market. The regions covered in the building finishing contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the building finishing contractors market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Building Finishing Contractors Market?
The building finishing contractors market includes revenues earned by entities by drywall and insulation contractors, painting and wall covering contractors, flooring contractors, tile and terrazzo contractors, finish carpentry contractors, and other building finishing contractors. 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.
How is Market Value Defined and Measured?
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.
What is the Market Assessment and Strategic Outlook for the Building Finishing Contractors Industry?
The building finishing contractors market research report is one of a series of new reports from The Business Research Company that provides building finishing contractors market statistics, including building finishing contractors industry global market size, regional shares, competitors with a building finishing contractors market share, detailed building finishing contractors market segments, market trends and opportunities, and any further data you may need to thrive in the building finishing contractors industry. This building finishing contractors 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.
