The Business Research Company published its Building Equipment Contractors Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Building Equipment Contractors market. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
The report covers the building equipment contractors market’s segments-
1) By Type: Electrical Contractors And Other Wiring Installation Contractors, Plumbing, Heating And Air-Conditioning Contractors, Other Building Equipment Contractors
2) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Others
3) By Service Provider: Large Chain Companies, Independent Contractors
4) By Mode: Online, Offline.
Building Equipment Contractors Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global building equipment contractors market is expected to decline from $1953.9 billion in 2019 to $1908.3 billion in 2020 at a compound annual growth rate (CAGR) of -2.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $2241.8 billion in 2023.
Specialty Construction Contractors are using building information modeling (BIM) to improve labor productivity, customer management and material handling. BIM is a digital representation or 3D model of a building, which can be used to efficiently plan, design, construct and manage buildings. Contractors use BIM to design structures, lighting, HVAC systems and mechanical, electrical and plumbing systems. It can be also used for clash detection and interference management, shop drawing review, cost estimation and safety analysis. Electrical and mechanical contractors also use BIM to supplement their prefabrication capabilities. BIM results in reduced rework, improved coordination among workers and higher quality of finished projects.
Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Building Equipment Contractors Market Characteristics
4. Building Equipment Contractors Market Product Analysis
5. Building Equipment Contractors Market Supply Chain
19. Building Equipment Contractors Market Competitive Landscape
20. Key Mergers And Acquisitions In The Building Equipment Contractors Market
21. Market Background: Specialty Trade Contractors Market
24. Copyright And Disclaimer
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Few Points From List Of Table
Table 1: Historic Market Growth, Value ($ Billion)
Table 2: Forecast Market Growth, Value ($ Billion)
Table 3: Global Building Equipment Contractors Market, 2019, By Region, Value ($ Billion)
Table 129: Global Building Equipment Contractors Market In 2023- Growth Countries
Table 130: Global Building Equipment Contractors Market In 2023- Growth Segments
Table 131: Global Building Equipment Contractors Market In 2023- Growth Strategies
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