Navigant Research Report Shows the Global Building Stock is Expected to Exceed 183 Billion Square Meters in 2026
April 26 2018 - 05:15AM
Business Wire
Quantifying the size of the global building stock helps in
understanding and combating a variety of social and environmental
issues
A new report from Navigant Research analyzes the global building
stock from 2017 to 2026 across eight commercial building types and
two residential building types for seven regions worldwide.
As global constructions markets continue to rebound after years
of stagnant growth, the world’s building stock is experiencing an
upswing. Improvements in economic performance in developed and
developing countries, as well as reasonable wage growth, low
interests rates, and elevated consumer confidence in residential
construction markets, are expected to encourage further
development. Click to tweet: According to a new report from
@NavigantRSRCH, the global building stock is expected to grow from
162.8 billion square meters in 2017 to 183.5 billion square meters
in 2026.
“Over the past year and a half, both developed and developing
economies have enjoyed broad expansion not seen in over a decade,”
says Tom Machinchick, principal research analyst with Navigant
Research. “Increases in economic activity tend to accompany
increases in the building stock as demand for commercial space
grows, and rising income enables individuals to opt for larger or
more modern living spaces, which will lead to an expanding building
stock.”
According to the report, commercial, residential, and industrial
buildings are responsible for nearly half of all global energy
consumption and greenhouse gas emissions. Humans also spend almost
90 percent of their time indoors, making indoor environments a
critical component of health and well-being, productivity, and
safety. Quantifying the size of the global building stock can be a
fundamental tool for understanding and combating pressing global
issues such as energy consumption, emissions, wealth and poverty
rates, climate change, and the impact of urbanization on existing
local infrastructure.
The report, Global Building Stock Database, provides data on the
size and growth of the global building stock from 2017 to 2026, as
well as a qualitative description of key growth drivers and trends.
The building stock data covers eight commercial building types
(office, retail, education, healthcare, hotels & restaurants,
institutional/assembly, warehouse, and transport) and two
residential building types (single-family detached and multi-unit
residential) for seven regions worldwide. This study is intended to
provide a comprehensive picture of the total commercial and
residential building stock across the world. An Executive Summary
of the report is available for free download on the Navigant
Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant,
provides market research and benchmarking services for rapidly
changing and often highly regulated industries. In the energy
sector, Navigant Research focuses on in-depth analysis and
reporting about global clean technology markets. The team’s
research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
the Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional
information about Navigant Research can be found at
www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional
services firm that helps clients take control of their future.
Navigant’s professionals apply deep industry knowledge, substantive
technical expertise, and an enterprising approach to help clients
build, manage and/or protect their business interests. With a focus
on markets and clients facing transformational change and
significant regulatory or legal pressures, the Firm primarily
serves clients in the healthcare, energy and financial services
industries. Across a range of advisory, consulting, outsourcing,
and technology/analytics services, Navigant’s practitioners bring
sharp insight that pinpoints opportunities and delivers powerful
results. More information about Navigant can be found at
navigant.com.
* The information contained in this press
release concerning the report, Global Building Stock Database, is a
summary and reflects Navigant Research’s current expectations based
on market data and trend analysis. Market predictions and
expectations are inherently uncertain and actual results may differ
materially from those contained in this press release or the
report. Please refer to the full report for a complete
understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or
the report.
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Navigant ResearchStefanie Bradtner,
+49.221.270.70.142stefanie.bradtner@navigant.com