This report comes with an updated version of the predictions, market size, and methodologies that can be useful for 2023.
The 2023 Specialty Trade Contractors Worldwide Industry report features the trends, market size, and predictions between 2023–2028. This report is created by the business research firm that provides the most insightful report in the industry. It focuses on the industry’s forecast and historical development as well as the challenges and drivers impacting it and describes the possibilities that are available to the companies in the market. The study report on the specialty trade contractor industry offers a worldwide point of view on the specialty trade contractors market, focusing on about 60 regions in the world. The national and regional analysis evaluates the industry in every region, providing both regional and national details of the industry.
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The regional data provided by the specialty trade contractors industry report covers Western Europe, North America, Asia Pacific, Africa, Middle East, Eastern Europe, and South America. The largest region of these regions is the Asia Pacific region.
The study report on the specialty trade contractor industry features the sale of goods and services by firms (such as organizations, partnerships, and sole proprietorships) that carry out certain activities (such as preparation of the site, painting, pouring concrete, electrical work, and plumbing) involved in building construction or other similar construction work, but not responsible for the project in its entirety. Some of the tasks performed might be additions, maintenance, repairs, and modifications. Usually, the construction task carried out by these firms in the industry is subcontracted by firms in the discipline of for-sale construction or general contractor, however, most firms that focus on repair and remodeling works carry out the task directly for the property owner. Specialty trade contractors carry out the major aspect of the work done on the site, even though they have outlets where prefabrication and other work are carried out. The market report also includes the revenue of firms that carry out jobs on new construction sites.
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Major competitors in the specialty trade contractor industry are Comfort Systems USA Inc, KONE Corporations, Metallurgical Corp of China, and Fletcher Building Ltd.
The market size of the worldwide specialty trade contractors is anticipated to develop from $5149.38 billion, its record in 2021 to $5721.44 billion in 2023 with a development rate of 11.1% (CAGR). The development of the specialty trade contractors industry is majorly a result of the revamping going on the companies and the recovery process from the coronavirus pandemic that resulted in restrictive operations such as remote working, social distancing, and restriction of commercial activities that caused operational restraints. The specialty trade contractor industry is anticipated to attain $8405.13 billion by 2026 at a 10.1% CAGR.
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The categories available in the report on the worldwide specialty trade contractor industry include:
Based on type: Structure, Foundation, and Building Exterior Contractors, Building Finishing Contractors, building Equipment Contractors, and other Specialty Trade Contractors.
Based on Application: Utility System Construction, Residential and Non-residential Building Construction, Others.
Based on Ownership: Standalone, Chained.
Based on Mode: Offline, Online
Table of contents available in the report are:
1. Executive Summary
2. Report Framework
3.. Specialty Trade Contractors Industry.
4. Product Analysis of the Specialty Trade Contractors Industry
5. Supply Chain in the Specialty Trade Contractors Industry.
22. Major Acquisitions and Mergers in the Specialty Trade Contractors Industry
23. Market Background: Construction Industry.
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