How Has the Multifamily Housing Green Buildings Market Size Evolved in Recent Years?
The multifamily housing green buildings market has seen considerable growth due to a variety of factors.
• In recent times, the market size of multifamily housing green buildings has seen a quick expansion. The market is projected to increase from $165.26 billion in 2024 to $197.34 billion in 2025, with a compound annual growth rate (CAGR) of 19.4%.
Factors such as heightened environmental consciousness, savings on costs, demand from tenants, and building certifications have contributed to the growth during the historical period.
What are the Market Size and Expected Growth Rates for the Multifamily Housing Green Buildings Market?
The multifamily housing green buildings market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the market size for green buildings in the multifamily housing sector is anticipated to witness a tremendous increase. It will surge to $414.67 billion in 2029 with a compound annual growth rate (CAGR) of 20.4%.
This growth during the forecast period can be credited to factors like sustainability, climate change, advanced building technologies, net zero buildings, and the influence of digital technologies. Dominant trends projected during the period include the inclusion of renewable energy, introduction of smart building technology, the use of sustainable materials and eco-landscaping.
Which Key Drivers Are Propelling The Multifamily Housing Green Buildings Market's Growth?
Clients are now better educated about the long-term advantages and monetary savings related to sustainable and zero-energy dwellings. They now recognize the link between healthier homes, superior building quality, and high performance. A report from the National Association of Home Builders (NAHB) revealed that multifamily builders and renovators believe energy efficiency and long-term utility savings are the primary factors persuading customers to invest in eco-friendly home construction. Hence, the multifamily housing green buildings market is growing due to increased consumer awareness about environmental impacts, sustainability, and the economic benefits over time.
What Are The Key Segments Within The Global Multifamily Housing Green Buildings Market?
The multifamily housing green buildings market covered in this report is segmented –
1) By Type: New Construction, Remodeling
2) By Product: Interior Products, Exterior Products
3) By Construction Type: Full Green, Semi Green
Subsegments:
1) By New Construction: Residential Buildings, Commercial Buildings
2) By Remodelling: Retrofit Projects, Renovation Projects
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What Emerging Trends Are Influencing The Growth Of The Multifamily Housing Green Buildings Market?
Homebuyers and contractors are joining forces to develop more eco-friendly housing, emphasizing minimizing harmful carbon impact by endorsing self-sufficient homes, also referred to as Net Zero houses. A Net Zero residence utilizes an array of local renewable energy resources, including solar panels, small-scale wind turbines, heat wells, and refuse gas for its power needs. The goal is to generate at least an equal amount of energy as it utilises. Projections show an expected rise in the Net zero homes market to 534,500 homes by 2028. Approximately, 36% of builders who construct multiple homes are shifting towards environmentally sustainable construction, with 80% of these builders specializing in eco-friendly housing and over 90% of their constructions embracing green practices. The percentage of green builders is anticipated to rise to 47% by 2022 with increased investment in this sector. The presented statistics indicate a growing trend towards Net-zero homes within residential construction.
Who Are the Key Players In The Multifamily Housing Green Buildings Market?
Major companies operating in the multifamily housing green buildings market include:
• 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
What Are The Regional Insights Into The Multifamily Housing Green Buildings Market?
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
