Education Buildings Global Market Report 2024

The education buildings market size has grown steadily in recent years. It will grow from $611.03 billion in 2023 to $628.81 billion in 2024 at a compound annual growth rate (CAGR) of 2.9%. The historical growth can be attributed to several factors, including robust economic expansion in emerging markets, a rise in the number of private colleges and universities, an increase in renovation activities, and a surge in overall construction activities.

The education buildings market size is expected to see steady growth in the next few years. It will grow to $711.72 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. Projected growth is fueled by rising school numbers, increased government support, globalized education, population growth, and urbanization. Key trends include eco-friendly construction, modular methods, advanced infrastructure for tech-enhanced learning, and heightened overall investments in education construction.

The anticipated surge in the number of schools is poised to drive the growth of the educational buildings market in the coming years. Schools, as educational facilities designed to provide classrooms and other learning environments, necessitate appropriate buildings for the establishment of classrooms, laboratories, and the provision of necessary educational infrastructure. The escalating count of schools globally is expected to result in an increased demand for educational buildings. For instance, in the United States, there are approximately 84,000 public schools distributed across nearly 100,000 individual buildings. Projections indicate that the total student enrollment in these schools will reach 56.8 million by the year 2026. Consequently, the rising number of schools emerges as a significant factor propelling the growth of the educational buildings market in the foreseeable future.

The expansion in the construction industry is poised to contribute to the growth of the educational buildings market moving forward. The construction industry, encompassing various manufacturing and trade-related operations, is instrumental in infrastructure development, repair, renovation, and maintenance, with a critical role in the enhancement of educational buildings. Notably, in June 2021, building activities in New Zealand, as reported by Stats NZ Tatauranga Aotearoa, a government data agency, experienced a 3.7 percent increase in March 2021. Moreover, residential activities saw a 4.3 percent rise in 2021 compared to the previous year. The US Census Bureau reported that the value of construction activities surged from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, reflecting a growth rate of 10.2 percent. Hence, the burgeoning construction industry emerges as a significant driver propelling the educational buildings market.

The incorporation of robotics in construction has emerged as a prominent trend gaining traction within the education buildings market. Robotics, a field of science involving the design, manufacturing, and utilization of robots to perform tasks traditionally executed by humans, is making significant inroads in the construction industry. Its application aims to enhance work efficiency, reduce labor requirements, minimize environmental impact, and expedite the construction process of educational buildings. A noteworthy example is Rugged Robotics, a US-based construction technology developer, which secured $9.4 million in funding in March 2022. The company's 'Rugged Robotics Mark I' robot facilitates automated construction layouts by directly marking engineering designs onto concrete floors, streamlining the commencement of construction activities.

The integration of technology stands out as a rapidly advancing trend in the education-building market. Given the growing significance of digital learning tools, online education, and hybrid teaching models, educational institutions are making substantial investments in cutting-edge infrastructure to support technology-enhanced learning experiences. A case in point is Berea College, a private liberal arts work college in Berea, Kentucky. In November 2022, the college launched a $10 million campaign to construct two technologically advanced buildings focused on computer science, digital media, and information technology. These buildings aim to empower the next generation of technology thinkers, makers, and innovators. Featuring contemporary applied engineering and sophisticated manufacturing techniques, the structures will house cutting-edge tools that graduates can utilize beyond Berea. The Phase 1 building is set to include computing laboratories, an innovative maker space, flexible classrooms, and new spaces for digital-media endeavors, thereby preparing traditionally underserved students for careers in technology.

In October 2022, Pike Construction Services, a US-based construction company specializing in construction management and development services, successfully acquired Charles A. Gaetano Construction Corporation and C2C Construction Solutions, LLC for an undisclosed sum. This strategic acquisition is expected to enhance Pike's presence in Utica, the Central New York region, and the entire Northeast. Furthermore, it aims to increase the value proposition for both existing and potential clients of Pike. Charles A. Gaetano Construction Corporation and C2C Construction Solutions, LLC are US-based companies offering construction services, with a focus on educational buildings.

Major companies operating in the education buildings market report are Skanska AB, Hochtief AG, Balfour Beatty PLC, DPR Construction, AECOM Technology, STO Building Group, McCarthy Holdings, Inc., HDR Inc., Gilbane, Inc., Gensler, Nikken Sekkei, Padmavathi Infra Developers, Md Khaja Moinuddin Ansari Works Contractor, M/s Maa Laxmi Enterprises, Gold Mantis Construction Decoration Co. Ltd., China State Construction Engineering Corporation (CSCEC), Vinci SA, Bouygues Construction, Züblin, ACS Group, Ferrovial, NCC AB, Salini Impregilo, Astaldi, Kier Group, Group of Companies PIK, LSR Group, Rönesans Holding, Mosinzhproekt, S.C. PORR Construct, Budimex, STRABAG Sp. z o.o, Polimex-Mostostal, Metrostav, Turner Construction Company, PCL Construction, Mortenson, EllisDon Corporation, Aecon Group Inc., Bird Construction, Empresas ICA, Odebrecht Engenharia e Construção, Andrade Gutierrez, Camargo Corrêa, Mendes Júnior Engenharia, Techint Engineering & Construction, IECSA, SalfaCorp, Constructora Bolívar, Graña y Montero, Cosapi, Arabtec Construction LLC, Alec Engineering and Contracting, M/s Khansaheb Civil Engineering L.L.C., ASGC Construction LLC, Saudi Binladin Group (SBG), Saudi Oger Limited, Aveng Grinaker-LTA, Orascom Construction, Alexandria Construction, Stefanutti Stocks.

North America was the largest region in the educational buildings market in 2023. The regions covered in the education buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the education buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary construction activities associated with educational buildings include new construction, repair and maintenance, refurbishment, and demolition. New construction involves the initial development of permanent infrastructure on a specific site, commonly used for the creation of schools and universities to enhance educational facilities for students. Educational buildings serve both public and private institutions, offering spaces for learning and other related activities within schools and institutions.

The educational buildings market research report is one of a series of new reports that provides educational buildings market statistics, including the educational buildings industry global market size, regional shares, competitors with educational buildings market share, detailed educational buildings market segments, market trends, and opportunities, and any further data you may need to thrive in the dog and cat food industry. This educational buildings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The education buildings market includes revenues earned by entities by construct outdoor education buildings and indoor education buildings. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.