by The building construction partnership market comprises cement manufacturing, gypsum calcination, concrete batching, construction material production, and other allied construction activities done under a coordinated partnership model. Partnership in construction brings synergies that help complete projects on time and within budget through optimal resource utilization. Cement, concrete, gypsum and other construction raw materials constitute the major components in any construction project.
The Global Building Construction Partnership Market is estimated to be valued at US$ 145.71 Mn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the building construction partnership market are Knauf AG, LafargeHolcim, Yoshino Gypsum Co. Ltd., Global Mining company, Saint Gobain, Jonoub Gypsum, Georgia Pacific, Zawami Minerals Co., Rajasthan State Mines, FCI Arawali Gypsum, AI Jood Natural Resources, American Gypsum, Gypsco, Vinayak Gypsum, Gypsona, Boero USA, Arcosa Specialty Chemicals. Rapid urbanization and the rising needs for residential and commercial infrastructure are driving the demand for partnership models in construction. The global building construction partnership market is witnessing expansion in emerging economies to cater to their growing infrastructure requirements.
Market key trends
The trend of partnership models in construction is gaining traction Building Construction Partnership Market Trends due to shared risks and resources. Through partnerships, smaller players can consolidate their resources and take up larger projects. It allows optimal allocation of manufacturing, material supply and construction activities between partners. Strategic partnerships are also helping companies expand globally and establish operations in new markets. Large construction firms are partnering with local players for seamless execution of projects. Innovation and use of advanced construction techniques through partnerships is another trend driving efficiency and sustainability in the building construction sector.
Porter’s Analysis
Threat of new entrants: New players find it difficult to enter the market due to already established brand loyalty and distribution channels of existing players.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and less switching costs.
Bargaining power of suppliers: Few suppliers exist for construction materials giving them higher bargaining power over buyers.
Threat of new substitutes: Building Construction Partnership Market Regional Analysis materials like concrete, steel are used for specific construction needs posing threat.
Competitive rivalry: Players compete on quality, service, cost and innovation.
Geographical Regions
North America accounts for over 30% of the global market value due to large scale infrastructure and construction projects in countries like US and Canada.
Asia Pacific is the fastest growing region for building construction partnership market due to rising urbanization, population and economic growth in countries like China and India driving large scale housing and commercial construction activities.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
