The Global Building Finishing Contractors Market Was Valued At $925 Billion In 2017 According To TBRC’s Latest Report

The global building finishing contractors market was valued at $920.1 billion in 2017. Asia Pacific was the largest geographic region accounting for $351.4 billion or 38.2% of the global market. And the USA was the largest country accounting for $180.3 billion or 19.6% of the global building finishing contractors market.

Building Finishing Contractors include drywall and insulation contractors, painting and wall covering contractors, flooring contractors, tile and terrazzo contractors, finish carpentry contractors and other building finishing contractors.

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The global building finishing contractors market was valued at $925 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region accounting for of the global market. The market saw a growth as the building finishing contractors are increasingly using digital technologies such as smart phones, RFID tagging and software to improve labour productivity, safety and cost control. Mobile phones help workers to share information on jobsites and file reports about the building progress. RFID tagging is used for material handling and to track field personnel. For example, MaxCon Software is specifically designed for roofing contractors. Mobile apps such as Red-Trac, Labour Sync and Timesheet Mobile provide construction-specific services to contractors.

The market in the report is segmented into: drywall and insulation contractors, painting and wall covering contractors, flooring contractors, tile and terrazzo contractors, finish carpentry contractors and other building finishing contractors.

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The USA was the largest country accounting for one-fifth of the global building finishing contractors market. This was mainly due to the presence of a large number of construction companies serving a large customer base in countries such as China and India.

 

The top five competitors in the market are: APi Group Inc followed by Performance Contracting Group Inc, Cleveland Construction Inc and Irex Corp of Lancaster. APi Group Inc. engages in industrial and specialty construction, and fire protection businesses worldwide. It offers architectural metals fabrication and installation; handles the design, installation, and service of audio/visual systems in courtrooms, boardrooms, gyms, museums, and malls; constructs, maintains, and repairs boilers; and provides system design/installation services for intercom and telephone systems, public address and overhead paging systems, and hearing assistance and other communications systems.

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