Global Land Planning And Development Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
2 Jul, 2021
The land planning and development market consists of sales of land planning and development services and related goods by entities (organizations, sole traders and partnerships) that service land and subdivide real property into lots, for subsequent sale to builders. Servicing of land may include excavation work for installation of roads and utility lines.
Global Land Planning And Development Market Size And Drivers:
The global land planning and development market is expected to grow from $108.64 billion in 2020 to $116.17 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $173.11 billion in 2025 at a CAGR of 10%. A rapidly growing urban population is expected to increase the demand for new residential buildings.
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Trends In The Global Land Planning And Development Market
Land planning and development companies are using advanced technologies such as drones to efficiently manage land development projects. Drone is an unmanned aerial vehicle (UAV) that is integrated with communication technologies and controlled by a remote. Some of the typical applications of drones in land development include capturing panoramic images for marketing or communications, earthwork volume calculations, elevation mapping and environmental analysis. During land development, the terrain can change daily, thus requiring project managers to monitor these changes and accurately gauge the progress. Drones can help in collecting the data and keep project managers informed of the project's progress and help them to make better decisions.
Global Land Planning And Development Market Segments:
The global land planning and development market is further segmented based on type, ownership and geography.
By Type: Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development
By Ownership: Chained, Standalone
Sub segments Covered: Houses And Housing Estate Developments, Apartments And Other Residential Developments
By Geography: The global land planning and development market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global land planning and development market, accounting for 45% of the market in 2020.
Read More On The Report For The Global Land Planning And Development Market At:https://www.thebusinessresearchcompany.com/report/land-planning-and-development-global-market-report-2020-30-covid-19-impact-and-recovery
Land Planning And Development Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides land planning and development market overviews, analyzes and forecasts market size and growth for the global land planning and development market, land planning and development market share, land planning and development market players, land planning and development market segments and geographies, land planning and development market’s leading competitors’ revenues, profiles and market shares. The land planning and development market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.