Global Multifamily Housing Green Buildings Market Report 2024, Forecast To 2033
17 Jan, 2024
The multifamily housing green buildings market has experienced rapid growth, surging from $139.89 billion in 2023 to $167.67 billion in 2024, demonstrating a Compound Annual Growth Rate (CAGR) of 19.9%. This growth is attributed to increasing environmental awareness, cost savings associated with green buildings, tenant demand for sustainable housing, and the prevalence of building certifications. Projections indicate continued rapid growth for the multifamily housing green buildings market, with an expected increase to $347.08 billion in 2028 at a CAGR of 19.9%. Contributing factors include a heightened focus on sustainability and climate change, the integration of smart building technologies, the rise of net-zero buildings, and the impact of digital technologies. Key trends in the forecast period encompass renewable energy integration, the adoption of smart building technology, the use of sustainable materials, and eco-friendly landscaping.
Global Multifamily Housing Green Buildings Market Key Driver
Homebuyers are increasingly informed about the long-term benefits and cost savings associated with sustainable and net-zero homes. They are now well-versed in recognizing the significance of healthier homes, quality construction, and high performance. A report by the National Association of Home Builders (NAHB) reveals that multi-family builders and remodelers cite operating efficiency and long-term utility cost savings as compelling reasons for customers to invest in green construction for their homes. This growing customer awareness of factors such as environmental impacts, sustainability, and the potential for long-term cost savings is a key driver propelling the growth of the multifamily housing green buildings market.
Get A Free Sample Of The Global Multifamily Housing Green Buildings Market ReportGlobal Multifamily Housing Green Buildings Market Segments
The multifamily housing green buildings market covered in this report is segmented –
1) By Type: New Construction, Remodelling
2) By Product: Interior Products, Exterior Products
3) By Construction Type: Full Green, Semi Green
By Geography: The regions covered in the multifamily housing green buildings market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the multifamily housing green buildings market in 2023. Eastern Europe is expected to be the fastest-growing region in the multifamily housing green buildings market during the forecast period. The regions covered in the multifamily housing green buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Multifamily Housing Green Buildings Industry Players
Turner Construction Co, Clark Group, AECOM, Swinerton, Hensel Phelps, Skanska, Lendlease, Holder Construction, Webcor, Walsh Group, Gilbane Building Co, Structure Tone, Whiting-Turner Contracting Co., Clayco, DPR Construction, PCL Construction Enterprises, Suffolk, Austin Industries, McCarthy Holdings, BL Harbert International, James G. Davis Construction, Hoffman Construction, Brasfield & Gorrie, David E. Harvey Builders, The Balfour Beatty US, Hathaway Dinwiddie Construction, Mortenson Construction, Sundt Construction, HITT Contracting, Power Construction, Gensler, Stantec, HOK, JE Dunn Construction, Suffolk Construction, The Whiting-Turner Contracting Co., McCarthy Building Companies Inc., Ryan Companies US Inc., The Beck Group, The Weitz Company, The Boldt Company, The Opus Group, The Korte Company
Get The Full Global Multifamily Housing Green Buildings Market ReportMultifamily Housing Green Buildings Market Overview
Multi-family residential green building is the process of building, altering, repairing, improving, or demolishing any multi-family housing structure that is built to be environmentally sustainable using a detailed design and plan.
Multifamily Housing Green Buildings Global Market Report 2023 provides data on the global multifamily housing green buildings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The multifamily housing green buildings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.