Industrial Land Planning and Development Global Market Report 2024

The industrial land planning and development market size has grown strongly in recent years. It will grow from $13.49 billion in 2023 to $14.74 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth observed in the historical period can be linked to several key factors. This includes the progression of industrialization and urbanization, significant strides in infrastructure development, the establishment of zoning regulations, the integration of globalization and supply chain networks, and government incentives specifically aimed at fostering industrial development. These combined elements played pivotal roles in driving growth during that period.

The industrial land planning and development market size is expected to see strongly grown in the next few years. It will grow to $20.98 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The anticipated growth in the forecast period can be attributed to several key factors. This includes the emergence of smart industrial parks and upgraded infrastructure, the escalation of e-commerce alongside the development of last-mile facilities, the implementation of sustainable and environmentally friendly industrial practices, as well as the promotion of flexible and adaptable land use strategies, along with a focus on resilience planning and risk mitigation.

The industrial land planning and development market's growth is attributed to surging population rates and the escalating demand for industrial spaces. The proliferation of industrial warehouses stands as a pivotal driver propelling the industrial land development sector. Warehouses, integral to industrial land development, serve as storage spaces for raw materials and finished goods within industrial landscapes. A notable trend, as reported by Economic Times in 2021, indicated that the e-commerce sector's absorption surged from 60% to 83% between 2020 and 2021, highlighting the significant impact of increased warehouse demands on industrial land development. Architects are also leveraging vertical designs to enhance inventory capacity without expanding physical land footprints, amplifying land utilization.

The momentum in urbanization is poised to fuel advancements in industrial land planning and development. Urbanization's pattern of population concentration in urban locales, driven by migration and natural urban growth, necessitates strategic planning for industrial zones. These zones accommodate manufacturing units, logistics centers, and commercial facilities crucial for urban expansion. The World Bank's October 2022 report revealed over 50% global urban population in 2022, projected to soar by 1.5 times to 6 billion by 2045, underlining urbanization's driving force behind industrial land planning and development. Innovations in technology are emerging as a prominent trend in the industrial land planning and development sector. Market players are actively introducing new tech solutions for competitive advantages. For instance, Honeywell introduced 'the Honeywell Forge Real Estate Operations' in collaboration with SAP, a cloud-based software designed to amalgamate operational and business data for better decision-making, efficiency, and sustainability goals.

Strategic partnerships and collaborations form a crucial strategy for major companies in the land planning and development sector to fortify their market positions. These alliances, leveraging shared strengths and resources, facilitate mutual benefits and success. A case in point is Hines' collaboration with DNR Group in April 2022. This partnership aims to develop commercial projects in India, enhancing Hines' presence in the country and aligning with the company's growth strategy by developing a commercial property on an 11.3-acre land parcel in an established micro-market.

Major companies operating in the industrial land planning and development market report are the Opus Group, Prologis Inc., Panattoni Development Company Inc., IDI Logistics, Duke Realty Corporation, Exeter Property Group, Hillwood Development Company LLC, CenterPoint Properties Trust, Trammell Crow Company, the Rockefeller Group, Dermody Properties LLC, EastGroup Properties Inc., Clarion Partners LLC, Majestic Realty Co., Scannell Properties LLC, USAA Real Estate Company, STAG Industrial Inc., Conor Commercial Real Estate, Bridge Development Partners LLC, HSA Commercial Real Estate, Meridian Design Build Ltd., the Keith Corporation, Al. Neyer LLC, NorthPoint Development, Seefried Properties Inc., First Industrial Realty Trust Inc.

Asia-Pacific was the largest region in the industrial land planning and development market in 2023.the regions covered in the industrial land planning and development market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.

The countries covered in the industrial land planning and development market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The industrial land development market includes revenues earned by entities by planning to maintain and grow existing industries while developing new industrial land uses. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The two primary categories within industrial land development are industrial development and other development. Industrial development specifically involves construction projects centered around manufacturing or industrial processes, which could include electricity generation, food processing, and related activities. The end-users of these developments typically comprise residential areas and various organizational entities.

The industrial land planning and development market research report is one of a series of new reports provides industrial land planning and development market statistics, including industrial land planning and development industry global market size, regional shares, competitors with a industrial land planning and development market share, detailed industrial land planning and development market segments, market trends and opportunities, and any further data you may need to thrive in the industrial land planning and development industry. This industrial land planning and development market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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