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Dry Construction Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43471
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The dry construction market share is expected to increase by USD 22.56 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.75%.

This dry construction market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers dry construction market segmentation by end-user (residential building and commercial building) and geography (North America, Europe, APAC, MEA, and South America). The dry construction market report also offers information on several market vendors, including Armstrong World Industries Inc., Boral Ltd., Compagnie de Saint-Gobain SA, CSR Ltd., Etex NV, Fletcher Building Ltd., Grupo Promax, Knauf Gips KG, Pacific Coast Building Products Inc., and Xella International GmbH among others.

What will the Dry Construction Market Size be During the Forecast Period?

Dry Construction Market Size

Download the Free Report Sample to Unlock the Dry Construction Market Size for the Forecast Period and Other Important Statistics

 

Dry Construction Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rise in global construction and infrastructure development activities is notably driving the dry construction market growth, although factors such as higher cost of dry construction than conventional constructions methods in developing regions may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the dry construction industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Dry Construction Market Driver

The rise in global construction and infrastructure development activities is one of the key factors driving the global dry construction market growth. The growing demand for public infrastructure in emerging economies, such as India and China, is contributing to the growth of the construction industry in these economies. Many new hospitals, educational institutions, stadiums, indoor sports complexes, malls, and mega shopping centers have been built in the past few years because of the growing population and the increasing per capita income of individuals. Government initiatives and major investments in new projects have further boosted the growth of the construction industry. Under this mission, the government is also expected to build new water storage facilities, power infrastructure, and social infrastructures, such as indoor sports complexes, livelihood centers, and community centers. Hence, there is a wide scope for utilizing dry construction techniques in these newly constructed buildings owing to their cost-effectiveness and flexibility. Thus, the above construction and infrastructure development activities are expected to raise the demand exponentially for dry construction during the forecast period.

Key Dry Construction Market Trend

The rising demand for luxury vinyl tile (LVT) flooring will fuel the global dry construction markets growth. LVT is produced by fusing several layers of vinyl and composites, and then the required design is printed on it using advanced printing and embossing technology. The production method of LVTs grants it greater durability than VCT, SVT, or mosaic tiles. This also allows manufacturers to produce high-quality floor tiles in various designs, such as natural hardwood, stone, and other non-conventional shapes and geometric designs. LVT flooring is currently available in tile and plank form factors. The tiles come in either self-adhesive type or locking type, which does not require additional flooring adhesive for installing the tiles. The ease of installation of LVT has made it very popular among builders, professional installers, and even do-it-yourself (DIY) enthusiasts. Most of the major dry flooring product companies have already introduced a wide variety of LVT products in the market, and other companies are expected to follow this trend, as the demand for LVT flooring is growing among the customers. Some of the major brands of LVT available in the market are Adura by Mannington Mills, Alterna by Armstrong, and Allura by Forbo Flooring Systems.

Key Dry Construction Market Challenge

The higher cost of dry construction than conventional construction methods in developing regions is a major challenge for the global dry construction market growth. Dry constructions require prefabricated panels and structures that are made in factories using advanced techniques. Moreover, the wood or gypsum used as a base in wallboards and partitions may not be available in abundance in all countries. This makes the raw materials for dry construction costlier than dry construction and mortar. In some countries, such as the US, where the rate of forest planting is faster than the rate of depletion, the use of wood-based constructions is more sensible and sustainable as the cutting of trees for timber is compensated simultaneously. But most countries, especially developing ones, do not follow such practices, which means that the extensive use of timber in the construction of buildings will result in the rapid depletion of forestry resources and eventually lead to cost escalations due to the reduced supply of raw materials. The prices of dry construction materials have also witnessed a significant rise over the years due to the gap between supply and demand, thereby making dry constructions out of reach for most homebuyers in developing regions.

This dry construction market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global dry construction market as a part of the global construction materials market within the global materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the dry construction market during the forecast period.

Who are the Major Dry Construction Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Armstrong World Industries Inc.
  • Boral Ltd.
  • Compagnie de Saint-Gobain SA
  • CSR Ltd.
  • Etex NV
  • Fletcher Building Ltd.
  • Grupo Promax
  • Knauf Gips KG
  • Pacific Coast Building Products Inc.
  • Xella International GmbH

 

This statistical study of the dry construction market encompasses successful business strategies deployed by the key vendors. The dry construction market is fragmented and the vendors are deploying growth strategies such as are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Armstrong World Industries Inc. - The company offers dry construction such as pre-engineered drywall ceiling suspension systems.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The dry construction market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Dry Construction Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the dry construction market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global materials market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for the Dry Construction Market?

Dry Construction Market Market segmentation by region

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36% of the market's growth will originate from North America during the forecast period. The US is the key market for dry construction market in North America. Market growth in this region will be slower than the growth of the market in regions.

The rise in global construction and infrastructure development activities will facilitate the dry construction market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic in 2020 affected the dry construction market in North America, with the US being the worst-hit country. Regulatory bodies in the region imposed a lockdown for several weeks in the first half of 2020 to prevent the spread of the coronavirus, which halted several normal activities, such as industrial manufacturing and transportation. However, the lifting of lockdowns coupled with large-scale vaccination drives and increased government initiatives in the region to fund the small, and medium enterprises (SMEs) will lead to steady market growth during the forecast period.

What are the Revenue-generating End-User Segments in the Dry Construction Market?

Dry Construction Market Segmentation

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The dry construction market share growth in the residential building segment will be significant during the forecast period. These structures offer strength and versatility to the building framework and help in customizing the styling and aesthetics of traditional home architecture.

This report provides an accurate prediction of the contribution of all the segments to the growth of the dry construction market size and actionable market insights on post COVID-19 impact on each segment.

Dry Construction Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.75%

Market growth 2021-2025

$ 22.56 billion

Market structure

Fragmented

YoY growth (%)

4.06

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 36%

Key consumer countries

US, Germany, China, UK, and Denmark

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Armstrong World Industries Inc., Boral Ltd., Compagnie de Saint-Gobain SA, CSR Ltd., Etex NV, Fletcher Building Ltd., Grupo Promax, Knauf Gips KG, Pacific Coast Building Products Inc., and Xella International GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Dry Construction Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive dry construction market growth during the next five years
  • Precise estimation of the dry construction market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the dry construction industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of dry construction market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Construction materials

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 15: End-user - Market share 2020-2025 (%)
  • 5.2 Comparison by End-user
    • Exhibit 16: Comparison by End-user
  • 5.3 Residential building - Market size and forecast 2020-2025
    • Exhibit 17: Residential building - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 18: Residential building - Year-over-year growth 2020-2025 (%)
  • 5.4 Commercial building - Market size and forecast 2020-2025
    • Exhibit 19: Commercial building - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 20: Commercial building - Year-over-year growth 2020-2025 (%)
  • 5.5 Market opportunity by End-user
    • Exhibit 21: Market opportunity by End-user

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 23: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 24: Geographic comparison
  • 7.3 North America - Market size and forecast 2020-2025
    • Exhibit 25: North America - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
  • 7.4 Europe - Market size and forecast 2020-2025
    • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
  • 7.5 APAC - Market size and forecast 2020-2025
    • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
  • 7.6 MEA - Market size and forecast 2020-2025
    • Exhibit 31: MEA - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
  • 7.7 South America - Market size and forecast 2020-2025
    • Exhibit 33: South America - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 35: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 36: Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 37: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Competitive scenario
  • 9.2 Vendor landscape
    • Exhibit 38: Vendor landscape
  • 9.3 Landscape disruption
    • Exhibit 39: Landscape disruption
    • Exhibit 40: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 42: Market positioning of vendors
  • 10.3 Armstrong World Industries Inc.
    • Exhibit 43: Armstrong World Industries Inc. - Overview
    • Exhibit 44: Armstrong World Industries Inc. - Business segments
    • Exhibit 45: Armstrong World Industries Inc. - Key news
    • Exhibit 46: Armstrong World Industries Inc. - Key offerings
    • Exhibit 47: Armstrong World Industries Inc. - Segment focus
  • 10.4 Boral Ltd.
    • Exhibit 48: Boral Ltd. - Overview
    • Exhibit 49: Boral Ltd. - Business segments
    • Exhibit 50: Boral Ltd. - Key offerings
    • Exhibit 51: Boral Ltd. - Segment focus
  • 10.5 Compagnie de Saint-Gobain SA
    • Exhibit 52: Compagnie de Saint-Gobain SA - Overview
    • Exhibit 53: Compagnie de Saint-Gobain SA - Business segments
    • Exhibit 54: Compagnie de Saint-Gobain SA - Key offerings
    • Exhibit 55: Compagnie de Saint-Gobain SA - Segment focus
  • 10.6 CSR Ltd.
    • Exhibit 56: CSR Ltd. - Overview
    • Exhibit 57: CSR Ltd. - Business segments
    • Exhibit 58: CSR Ltd. - Key offerings
    • Exhibit 59: CSR Ltd. - Segment focus
  • 10.7 Etex NV
    • Exhibit 60: Etex NV - Overview
    • Exhibit 61: Etex NV - Business segments
    • Exhibit 62: Etex NV - Key news
    • Exhibit 63: Etex NV - Key offerings
    • Exhibit 64: Etex NV - Segment focus
  • 10.8 Fletcher Building Ltd.
    • Exhibit 65: Fletcher Building Ltd. - Overview
    • Exhibit 66: Fletcher Building Ltd. - Business segments
    • Exhibit 67: Fletcher Building Ltd. - Key offerings
    • Exhibit 68: Fletcher Building Ltd. - Segment focus
  • 10.9 Grupo Promax
    • Exhibit 69: Grupo Promax - Overview
    • Exhibit 70: Grupo Promax - Product and service
    • Exhibit 71: Grupo Promax - Key offerings
  • 10.10 Knauf Gips KG
    • Exhibit 72: Knauf Gips KG - Overview
    • Exhibit 73: Knauf Gips KG - Product and service
    • Exhibit 74: Knauf Gips KG - Key offerings
  • 10.11 Pacific Coast Building Products Inc.
    • Exhibit 75: Pacific Coast Building Products Inc. - Overview
    • Exhibit 76: Pacific Coast Building Products Inc. - Product and service
    • Exhibit 77: Pacific Coast Building Products Inc. - Key offerings
  • 10.12 Xella International GmbH
    • Exhibit 78: Xella International GmbH - Overview
    • Exhibit 79: Xella International GmbH - Product and service
    • Exhibit 80: Xella International GmbH - Key news
    • Exhibit 81: Xella International GmbH - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 82: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 83: Research Methodology
    • Exhibit 84: Validation techniques employed for market sizing
    • Exhibit 85: Information sources
  • 11.4 List of abbreviations
    • Exhibit 86: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Dry Construction Market market growth will increase by $22.56 billion during 2021-2025.
The dry construction market market is expected to grow at a CAGR of 4.75% during 2021-2025.
Technavio has segmented the dry construction market market by end user (Residential building and Commercial building) ,geography (North America, Europe, APAC, MEA, and South America) , and geographic (North America, Europe, APAC, MEA, and South America).
Armstrong World Industries Inc., Boral Ltd., Compagnie de Saint-Gobain SA, CSR Ltd., Etex NV, Fletcher Building Ltd., Grupo Promax, Knauf Gips KG, Pacific Coast Building Products Inc., Xella International GmbH are a few of the key vendors in the dry construction market market.
North America will register the highest growth rate of 36% among the other regions. Therefore, the dry construction market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the dry construction market market growth are:
  • Rise in global construction and infrastructure development activities
  • Rising demand for luxury vinyl tile ( LVT ) flooring
The dry construction market market vendors should focus on grabbing business opportunities from the residential building segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

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