Real Estate Market

Market Overview:

The global real estate market size reached US$ 7,063 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7,954 Billion by 2028, exhibiting a growth rate (CAGR) of 1.8% during 2023-2028. The escalating demand for residential properties, rising expenditure capacities of consumers, and rapid urbanization represent some of the key factors driving the market.

Real estate refers to land and any physical property that consists of improvements, such as buildings, fixtures, roads, structures, and utility systems. Residential, commercial, industrial, and land are some of the common types of real estate. It includes townhomes, cooperative housing, single-family homes, condominiums, duplexes, fourplexes, and triplexes. It also involves commercial properties, such as medical centers and hotels, shopping malls, individual stores, and office buildings used for manufacturing, construction, transportation, mechanical production, and warehousing. Moreover, real estate can be bought, sold, rented, or leased, and it is one of the most significant investments that aid in passive income, tax benefits, long-term security, good returns, diversification, building capital, and protection against inflation.

Real Estate Market Trends:

The growing demand for residential properties due to rapid urbanization and inflating disposable incomes of individuals is one of the key factors propelling the market growth. In line with this, the changing population demographics and the increasing trend of nuclear families are acting as another growth-inducing factor. Moreover, the shifting consumer preference for good quality housing facilities with a safe and secure environment is contributing to the market growth. Apart from this, the integration with artificial intelligence (AI) and the Internet of Things (IoT) technology that offers a centralized platform used to automate various building functions, such as lighting, security systems, and energy management, is positively influencing the market growth. Additionally, the rising demand for contemporary and modern office spaces and the emerging trend of urban and semi-urban lodging is providing an impetus to the market growth. Furthermore, the increasing consumer inclination toward a clean, safe, and secure environment, along with rapid infrastructural development, such as enhanced connectivity via roads, air, and railways, is strengthening the market growth. Other factors, including the easy availability of home loans, the significant shift of the population from rural to urban areas, and the implementation of various government initiatives to support the development of infrastructural projects, are presenting remunerative growth opportunities for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global real estate market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on property, business and mode.

Property Insights:

• Residential
• Commercial
• Industrial
• Land
   

The report has provided a detailed breakup and analysis of the real estate market based on the property. This includes residential, commercial, industrial, and land. According to the report, residential represented the largest segment.

Business Insights:

• Sales
• Rental
   

A detailed breakup and analysis of the real estate market based on the business has also been provided in the report. This includes sales and rental. According to the report, sales accounted for the largest market share.

Mode Insights:

• Online
• Offline
   

The report has provided a detailed breakup and analysis of the real estate market based on the mode. This includes online and offline.

Regional Insights:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa. According to the report, Asia Pacific was the largest market for real estate. Some of the factors driving the Asia Pacific real estate market included rising demand for contemporary and modern office spaces, increasing expenditure capacities of consumer, and growing infrastructural projects.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global real estate market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include American Tower Corporation, Aston Pearl Real Estate Broker, Ayala Land Inc. (Ayala Corporation), Cbre Group Inc., Colliers International, Gecina, Jones Lang Lasalle Incorporated, Prologis Inc., Reliance Relocation Services, SEGRO plc, Simon Property Group Inc., and Wanda Group (Dalian Hexing Investment Co. Ltd.). Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the real estate market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global real estate market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the real estate industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.