Land Planning And Development Global Market Report 2024

The land planning and development market size has grown strongly in recent years. It will grow from $185.18 billion in 2023 to $203.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. Historical growth in the period can be associated with factors such as population expansion, economic circumstances, urban development, government investment in infrastructure, and environmental regulations.

The land planning and development market size is expected to see strong growth in the next few years. It will grow to $296.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The anticipated growth in the upcoming period is anticipated due to factors such as sustainability efforts, the integration of technology, the necessity for affordable housing, an aging population, and government policies and incentives. Key trends during this period are expected to include mixed-use developments, the infusion of technology in urban planning, modular and prefabricated construction, community involvement in planning, and communities designed for aging-in-place.

The rise in the urban population is forecasted to generate an increased need for new residential constructions in the upcoming period. As per the UN World Urbanization Prospects report, over 60% of the global populace is expected to reside in urban areas by 2050. Promising prospects are anticipated, especially in Asian nations such as Indonesia, Vietnam, and the Philippines, where export-oriented manufacturing is increasingly prevalent. The World Bank estimates a surge of 250 million in the urban population of South Asia by 2030. This swift urban expansion is projected to escalate the demand for new infrastructure, thus stimulating growth in the land planning and development market in the forecast period.

The primary categories of land planning and development include residential, commercial, and institutional, along with industrial land planning and development. Residential land planning and development focus on the layout and utilization of properties intended for human habitation, including single or multiple houses and related structures. These services are owned by both connected (chained) and independent (standalone) proprietors and are accessible through various channels, both online and offline.

The land planning and development market research report is one of a series of new reports that provides land planning and development market statistics, including land planning and development industry global market size, regional shares, competitors with a land planning and development market share, detailed land planning and development market segments, market trends and opportunities, and any further data you may need to thrive in the land planning and development industry. This 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 scenarios of the industry.

The expansion of the resident population is propelling the growth of the land planning and development market. This resident population consists of individuals permanently residing within a specified geographical area, influencing trends in land use, driving the need for urban development plots, and dictating the demand for housing. Notably, the Census Bureau, a US-based government agency, observed a 0.4% upsurge in the US resident population between 2021 and 2022, accounting for a rise of 1,256,003 individuals, culminating in a total of 333,287,557 residents. Therefore, the burgeoning resident population is anticipated to drive the growth of the land planning and development market.

During the forecast period, a surge in interest rates is anticipated across most developing and developed economies, potentially restraining fresh investments in capital-intensive sectors like the land planning and development market. This global trend of increasing interest rates serves multiple purposes, including managing inflation and stemming the outward flow of capital from countries. The repercussions of rising interest rates may impede new investments for market expansion and research and development of innovative products. The United States, for example, is poised for an expected interest rate hike of up to 4.0% by 2022. Furthermore, this interest rate elevation is likely to exert a significant influence on the construction of both residential and non-residential properties. Elevated mortgage rates not only dissuade prospective homebuyers but also create pressure on existing homeowners, potentially driving them to sell. To illustrate, the average mortgage rate in the US hovered around 3.1% in 2021. These combined factors are anticipated to adversely affect the market, with the increased cost of borrowing impeding overall market growth.

Land planning and development firms are leveraging cutting-edge technologies, such as drones, to streamline the management of land development initiatives. Drones, unmanned aerial vehicles operated remotely, integrate communication technologies to serve various functions in the land development process. These applications include capturing panoramic images for promotional purposes, conducting earthwork volume assessments, mapping elevation, and analyzing environmental aspects. Given the dynamic nature of land development where terrain conditions can alter regularly, project managers must stay abreast of these changes and accurately assess progress. Drones prove valuable by collecting essential data, ensuring project managers are well-informed about the project's advancement and enabling informed decision-making.

Prominent enterprises in the land planning and development sector are embracing innovation with the introduction of cutting-edge products like Autodesk Forma, aimed at bolstering their market performance. Autodesk Forma is a solution tailored to the architectural field, designed to enhance operational flexibility and accelerate the evaluation of multiple design alternatives. An illustrative example is Autodesk, Inc., a US-based software company, which unveiled Autodesk Forma in May 2023. Forma represents an industry-specific cloud platform that aligns and optimizes workflows for teams engaged in the planning, construction, and management of constructed structures. In its initial implementation, Forma focuses on the initial planning and design phases. This platform harnesses the power of automation and AI-driven insights, offering a streamlined approach to exploring design concepts, automating routine tasks, and conducting assessments of environmental aspects at building sites. These capabilities empower architects to devote more of their time and effort to nurturing innovative design solutions.

Major companies operating in the land planning and development market include China State Construction Engineering Corporation Ltd., Risesun Real Estate Development Co Ltd., Xiamen C&D, Greenland Holding Group, Eiffage SA, China Communications Construction Co.ltd., Skanska Group, Shimizu Corporation, Hochtief AG, Jardine Matheson, AECOM, Jacobs Engineering Group Inc., Stantec Inc., WSP Global Inc., Henningson Durham & Richardson Inc., Gensler, Perkins and Will, HOK, Skidmore Owings & Merrill LLP (SOM), CallisonRTKL Inc., HKS Inc., NBBJ, Zimmer Gunsul Frasca Architects LLP, CannonDesign, Arup Group, IBI Group, Sasaki, Howard Needles Tammen & Bergendoff Corporation, Populous Holdings Inc., Nelson\Nygaard Consulting Associates Inc., Ramboll Group A/S, Mott MacDonald Group Ltd., Aedas Ltd., Woods Bagot, Kohn Pedersen Fox Associates PC, GoodwinHolland and Dorrington Group Pty Ltd., Page Southerland Page Inc., Hargreaves Jones, Bridgeway Shipping and Clearing Services International.

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

The countries covered in the land planning and development market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The land planning and development market includes revenues earned by entities by houses and housing estate developments, apartments and other residential developments. 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 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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