Real Estate Market Overview:
According to IMARC Group latest report titled “Real Estate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on real estate industry growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global real estate market reached a value of US$ 6,883.80 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7,806.70 Billion by 2027, exhibiting a CAGR of 1.90% during 2022-2027.
Real estate refers to a property that is owned in the form of land or buildings, which represents a significant part of an individual’s wealth. It is an asset with permanent improvements attached to the space, whether manufactured or natural, such as trees, minerals, water, fences and roads. Besides this, it also includes trading spaces, commercial offices and residential facilities. Since investment in real estate property provides several advantages, such as tax benefits, long-term security, passive income and portfolio diversification that aid in protecting owners during inflation, there has been a significant rise in the, its demand among the masses.
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The rapid outbreak of coronavirus disease (COVID-19), followed by strict lockdown restrictions and movement restrictions, had negatively impacted the growth of the real estate market, including delays in construction projects. However, with continual improvements in the vaccination drive across multiple countries, real estate activities began to emerge, and potential buyers are started to increase their housing search and purchase activities. The penetration of high-speed internet connectivity and easy access to web platforms have encouraged key players to invest in the launching of integrated real estate investing and buying applications, this which is providing an impetus to the market growth.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global market is primarily driven by rapid economic growth across multiple developing countries. Moreover, the rising investments by private and public firms in infrastructural development projects, including residential and commercial spaces and smart city developments, are creating a positive market outlook. Additionally, the escalating need for rearranging business operations due to rapid globalization is also considered as to be a major growth-inducing factor. Apart from this, leading players are heavily investing in the development of aggressive marketing strategies, promotional campaigns and the introduction of online real estate services, which are impacting the market growth favorably. Other factors, including rapid urbanization and significant growth in the construction industry, are also positively influencing the market growth.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- American Tower Corporation
- Aston Pearl Real Estate Broker
- Ayala Land Inc. (Ayala Corporation)
- Cbre Group Inc.
- Colliers International
- Jones Lang Lasalle Incorporated
- Prologis Inc.
- Reliance Relocation Services
- SEGRO plc
- Simon Property Group Inc.
- Wanda Group (Dalian Hexing Investment Co. Ltd.)
Real Estate Market Segmentation:
Our report has categorized the market based on region, property, business and mode.
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are updating our reports, If you want the latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request a free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
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