The Latest Dry Construction Industry Statistics Explained
The global dry construction market size was valued at USD 79.49 billion in 2020.
The statistic indicates that the worldwide dry construction market had a total value of USD 79.49 billion in the year 2020. This figure represents the total monetary worth of all dry construction activities and products within the global market during that specific year. Dry construction refers to building methods that do not rely on the use of water during the construction process, such as the installation of prefabricated components like gypsum boards and metal framing systems. The size of the market at USD 79.49 billion showcases the significant scale and economic importance of dry construction practices on a global scale in 2020.
The dry construction market is projected to reach USD 101.09 billion by 2027.
This statistic indicates the projected size of the dry construction market in terms of revenue, which is estimated to reach USD 101.09 billion by the year 2027. This forecast suggests a significant growth trend within the dry construction industry, encompassing activities such as interior finishing, partitioning, and ceiling installation that do not involve the use of water-based materials. Factors driving this projected market expansion may include increased demand for sustainable building practices, cost efficiency, and faster construction timelines associated with dry construction methods. This statistic serves as a valuable insight for stakeholders within the construction industry, informing decision-making processes and strategic planning efforts.
Dry construction accounts for 23% of the construction industry in terms of market value.
The statistic indicates that dry construction methods contribute to 23% of the total market value within the construction industry. Dry construction involves assembling prefabricated components and structures off-site before being transported and installed on the construction site. This approach is known for its efficiency, cost-effectiveness, and reduced construction time compared to traditional wet construction methods. The statistic highlights the significant market share and growing popularity of dry construction techniques in the overall construction sector, indicating a shift towards more innovative and sustainable building practices in the industry.
In 2019, the European region dominated the dry construction market with a 34% share.
The statistic indicates that in 2019, the European region held the largest market share in the dry construction industry compared to other regions globally. Specifically, European countries collectively accounted for 34% of the total market, demonstrating their significant presence and influence in this sector. This suggests that the demand for dry construction materials and services was particularly high in Europe during that year, potentially driven by factors such as economic growth, infrastructure development, and construction activity in the region. The dominance of the European market in dry construction signifies the competitive landscape and the opportunities present for companies operating within this industry to target this region for business expansion and growth.
The residential sector accounted for a market share of 41.2% in 2019.
This statistic means that in 2019, the residential sector constituted 41.2% of the total market share, implying the proportion of the market attributed to residential activities such as housing construction, real estate transactions, and related services. This data point indicates the relative importance and contribution of the residential sector to the overall market dynamics and suggests that nearly half of the market activities are driven by residential properties and services. This information could be valuable for businesses, policymakers, and investors seeking to understand the landscape of the market and make informed decisions based on sector-specific trends and opportunities.
The boarding segment held a dominant market share of 55.8% in 2019.
The statistic “The boarding segment held a dominant market share of 55.8% in 2019” indicates that out of all the segments within the market being analyzed, the boarding segment accounted for the largest proportion of market activity at 55.8%. This suggests that boarding services were the most popular or widely used within the market during the specified time period. Companies operating within the boarding segment likely had a significant impact on the overall market dynamics and were key players in shaping industry trends and competition. Understanding the dominance of the boarding segment can inform strategic decision-making for businesses looking to capitalize on market opportunities or address potential areas of growth or improvement.
The dry construction market in the Asia Pacific region is projected to witness the fastest growth over the forecast period of 2020 – 2027.
This statistic suggests that the dry construction market in the Asia Pacific region is expected to experience the most rapid expansion compared to other regions from 2020 to 2027. This prediction could be based on various factors such as increasing urbanization, population growth, infrastructure development, and technological advancements in the construction industry in Asia Pacific countries. The fast growth projection indicates potential opportunities for stakeholders in the dry construction sector to capitalize on the burgeoning market demand and to strategically position themselves to benefit from the anticipated growth in the region during the forecast period.
The dry construction industry is expected to grow at a compound annual growth rate (CAGR) of 5.8% between 2021 and 2027.
The statistic indicates that the dry construction industry is projected to experience a growth rate of 5.8% annually between the years 2021 and 2027. This means that the industry is expected to expand steadily over this period, with the growth rate compounded each year. A CAGR of 5.8% suggests a positive outlook for the industry, implying increased demand for dry construction materials and services over the specified timeframe. This information is valuable for stakeholders within the industry, such as companies, investors, and policymakers, as it can help them make informed decisions and plan for the future based on expected growth trends.
Dry construction is expected to register over 2% of incremental growth over the next five years.
This statistic implies that the dry construction industry is projected to experience a modest but positive growth rate of more than 2% per year over the next five years. This indicates a gradual expansion in the market size and demand for dry construction processes such as drywall installation, ceiling systems, and flooring solutions. The anticipated incremental growth suggests increasing opportunities for companies operating in the dry construction sector to capture a larger share of the market and potentially boost their revenues and profitability over the forecast period. It also reflects a positive outlook for the construction industry as a whole, with dry construction methods gaining traction as cost-effective and efficient alternatives to traditional wet construction practices.
Around 50% of the growth in the dry construction market is predicted to come from the APAC region over the 2021-2025 period.
The statistic indicates that approximately half of the anticipated growth in the dry construction market, a sector that involves the use of prefabricated building components such as metal studs, gypsum boards, and insulation materials, is expected to originate from the Asia-Pacific (APAC) region between 2021 and 2025. This suggests that the construction industry in countries within the APAC region, including China, India, Japan, and others, is likely to experience significant expansion and investment in dry construction methods and technologies during the specified period. Factors such as urbanization, infrastructure development, and a growing emphasis on sustainable building practices in the APAC region are likely driving this projected growth, making it a key region to watch for trends and opportunities in the dry construction market.
The metal segment is anticipated to register a CAGR of 5.6% during the period 2021-2027.
The statistic indicates that the metal segment is expected to experience a Compound Annual Growth Rate (CAGR) of 5.6% over the period of 2021 to 2027. This means that the metal segment, which likely represents a specific industry or market sector related to metals, is projected to grow at an average annual rate of 5.6% during this timeframe. A CAGR is a useful metric for understanding the steady annual growth rate of an investment or industry, providing insight into its performance over the specified time period. In this case, the anticipated growth rate suggests that the metal segment is expected to expand consistently over the next several years, highlighting potential opportunities and trends within this particular sector.
The wooden material segment in dry construction is expected to reach USD 30.71 billion by 2027.
This statistic indicates a projected financial value for the wooden material segment within the dry construction industry by the year 2027, estimating that it will reach USD 30.71 billion. Dry construction refers to a method of building that does not rely on traditional wet methods like mortar and cement, instead using prefabricated components that are assembled quickly and efficiently on-site. The significant expected value for the wooden material segment suggests a strong market demand for wood-based construction materials within the dry construction sector, potentially driven by factors such as sustainability, cost-effectiveness, and ease of installation. This forecasted growth showcases the increasing importance and viability of wooden materials in modern construction practices, reflecting a trend towards more environmentally friendly and efficient building techniques.
The gypsum board material segment held the largest share in the dry construction industry, accounting for more than two-thirds of the market in 2019.
The statistic indicates that within the dry construction industry in 2019, the gypsum board material segment had the highest market share, making up more than two-thirds of the total market. This suggests that gypsum board materials were the most popular and widely used construction materials for dry construction projects during that time. The dominance of gypsum board materials in the market can be attributed to factors such as their affordability, ease of installation, fire resistance, and sound insulation properties. As a result, companies and individuals involved in the dry construction industry likely favored gypsum board materials over other alternatives due to their versatility and advantages, leading to the segment’s significant market share.
The U.S. market for dry construction is expected to reach around USD 15 billion by 2027.
The statistic that the U.S. market for dry construction is projected to reach approximately USD 15 billion by 2027 indicates anticipated growth in the revenue generated by the dry construction industry within the United States over the specified time period. This figure suggests that there is expected to be an expansion in demand for dry construction materials and services in building and infrastructure projects, reflecting potential trends in the construction sector. Factors such as population growth, urbanization, technological advancements, and economic conditions are likely driving this forecasted market size. This statistic could be essential for stakeholders, including businesses, investors, policymakers, and industry professionals, to make informed decisions regarding investments, resource allocations, and strategic planning in the dry construction market.
Germany led the Europe dry construction market in 2019, by contributing to over one-third of the market share.
This statistic indicates that Germany held a significant position in the European dry construction market in 2019, accounting for more than one-third of the market share. This means that Germany’s contribution was greater than any other country in Europe during that year. Dry construction refers to construction methods that are based on assembling prefabricated components instead of using wet materials like concrete. Germany’s strong presence in the dry construction market reflects its advanced technology, efficiency, and expertise in utilizing these modern construction techniques. This statistic highlights Germany’s leadership and dominance in the European dry construction sector, showcasing its influence and market strength in this particular industry.
In China, it is estimated that the drywall industry would grow by 20% annually until 2025.
The statistic indicates that the drywall industry in China is projected to experience significant growth of 20% per year up to the year 2025. This upward trend suggests that there is a strong demand for drywall products within the Chinese market, likely driven by factors such as population growth, urbanization, and construction activity. The estimated growth rate of 20% annually signifies a rapid expansion in the industry, indicating potential opportunities for businesses operating within the drywall sector to capitalize on this growth trajectory in the coming years. Additionally, this statistic may also reflect the overall economic development and infrastructure expansion happening in China, further emphasizing the importance of the drywall industry in supporting construction projects and meeting building material needs within the country.
The Commercial segment is projected to record a CAGR of 6.2% in the dry construction industry through 2027.
The statement “The Commercial segment is projected to record a CAGR of 6.2% in the dry construction industry through 2027” suggests that within the dry construction industry, the Commercial segment is anticipated to experience a Compound Annual Growth Rate (CAGR) of 6.2% over the specified period up to 2027. This projection indicates that the Commercial segment, which likely includes areas such as offices, retail spaces, and other non-residential buildings, is expected to see steady growth in demand for dry construction services and products. The CAGR figure serves as an estimate of the average annual growth rate over the specified timeframe, providing insights into the potential trajectory and performance of this specific segment within the dry construction industry.
The walls segment held a market share of above 55% in the global dry construction market in terms of application in 2018.
The statistic indicates that in 2018, the walls segment dominated the global dry construction market in terms of application, holding a market share of above 55%. This suggests that more than half of the construction activities involving dry construction methods were focused on wall-related projects such as partition walls, interior walls, and exterior walls. The high market share of the walls segment highlights its significance and popularity within the construction industry, likely driven by factors such as cost-effectiveness, efficiency, and ease of installation compared to traditional wet construction methods. This statistic signifies the strong demand and preference for dry construction techniques, particularly in wall-related applications, on a global scale in 2018.
References
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4. – https://www.www.worldwidemarketreports.com
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