What Has Been The Evolution of the Residential Land Planning And Development Market in Recent Years?
The residential land planning and development market has seen considerable growth due to a variety of factors.
• The market size of residential land planning and development has seen a significant expansion in the last few years. It is anticipated to rise from $167.77 billion in 2024 to $183.08 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%.
The surge in the historical time frame can be credited to factors like population expansion, economic advancement, environmental legislation, infrastructure growth, and trends in the housing market.
How Will the Residential Land Planning And Development Market?
The residential land planning and development market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of residential land planning and development is predicted to experience significant expansion in the coming years, reaching a value of $254.67 billion by 2029. This represents a compound annual growth rate (CAGR) of 8.6%.
The surge in value within the predicted timeframe could be ascribed to several factors, including eco-friendly projects, technology incorporation, affordable housing demands, an aging demographic, and governmental regulations and incentives. Major trends projected for the forecast period consist of mixed-use constructions, the amalgamation of technology into urban planning and development, modular and prefabricated houses, community contribution and co-creation, and communities that support aging in place.
Which Factors Are Boosting Growth In The Residential Land Planning And Development Market?
The advancement in technology is anticipated to be a significant propellant for the residential land planning and development market in the forthcoming timeline. The market sees a swift change in technology in several domains including smart highways, 3D concrete printing, drone surveying, kinetic roads, ‘tiny houses,’ and solar roads. The continuous evolution in technology will augment the demand for well-constructed infrastructure which will in turn substantially contribute to the growth of the residential land planning and development market.
What Key Areas Define The Segmentation Of The Global Residential Land Planning And Development Market?
The residential land planning and development market covered in this report is segmented –
1) By Type: Houses And Housing Estate Developments, Apartments And Other Residential Developments
2) By Service Provider: Large Chain Companies, Independent Contractors
3) By Construction: New Construction, Renovation
Subsegments:
1) By Houses And Housing Estate Developments: Single-Family Homes, Multi-Family Homes, Gated Communities
2) By Apartments And Other Residential Developments: Low-Rise Apartments, High-Rise Apartments, Condominiums, Mixed-Use Residential Developments
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Which Emerging Market Trends Are Altering The Residential Land Planning And Development Industry?
Augmented reality (AR) is increasingly becoming a sought-after technology in the field of residential land planning and development market. It hastens the construction process and reduces the expenses connected with it. By supplementing the real world with computer-generated sensory inputs, AR allows for the production of 3-dimensional models of construction designs for realistic interaction. Such technologies contribute to the construction sector by minimizing rework, enhancing quality, reducing labor expenses, adhering to schedules, augmenting safety and customer experience, simplifying collaboration, carrying out design analysis, guaranteeing measuring accuracy, managing construction projects, and presenting plans in an efficient manner. Notable construction companies such as McCarthy Building Companies, Mortensen Construction Companies, BNBuilders, Inc., and ISG, Global Construction Services Company, are making use of AR technology.
Who Are the Key Players In The Residential Land Planning And Development Market?
Major companies operating in the residential land planning and development market include:
• China State Construction Engineering Corporation Ltd.
• Risesun Real Estate Development Co Ltd
• Xiamen C&D
• Eiffage SA
• Greenland Holding Group
• Shimizu Corporation
• KB Home
• Brookfield Asset Management
• Jardine Matheson
• Skanska Group
• Bumo
• Toll Brothers Inc.
• Lennar Corporation
• D.R. Horton Inc.
• PulteGroup Inc.
• Meritage Homes Corporation
• M/I Homes Inc.
• NVR Inc.
• Beazer Homes USA Inc.
• Hovnanian Enterprises Inc.
• The Ryland Group Inc.
• Standard Pacific Corp.
• William Lyon Homes Inc.
• AV Homes Inc.
• Century Communities Inc.
• LGI Homes Inc.
• Green Brick Partners Inc.
• TRI Pointe Group Inc.
• CalAtlantic Group Inc.
What Is The Most Dominant Region In The Residential Land Planning And Development Market?
Asia-Pacific was the largest region in the residential land planning and development market 2023. North America was the second-largest region in the residential land planning and development market. The regions covered in the residential land planning and development market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
