Residential Land Planning And Development Global Market Report 2024

The residential land planning and development market size has grown rapidly in recent years. It will grow from $145.16 billion in 2023 to $160.01 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth observed during the historical period can be attributed to factors such as population growth, economic expansion, the impact of environmental regulations, the development of infrastructure, and prevailing trends in the housing market.

The residential land planning and development market size is expected to see rapid growth in the next few years. It will grow to $236.02 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The projected growth in the forecast period can be attributed to several factors, including a focus on sustainability and green initiatives, the integration of technology, the demand for affordable housing, the aging population, and government policies and incentives. Noteworthy trends in the forecast period encompass the rise of mixed-use developments, the increased use of technology in urban planning and development, the adoption of modular and prefabricated construction methods, a stronger emphasis on community engagement and co-creation, and the development of aging-in-place communities.

Technological advancements will play a pivotal role in driving the residential land planning and development market during the forecast period. Several areas are experiencing rapid technological transformations, including smart highways, 3D concrete printing, drone surveying, kinetic roads, 'tiny houses,' and solar roads. As technology continues to progress, the demand for improved infrastructure will rise, positively influencing the growth of the residential land planning and development market.

The primary categories of residential land planning and development encompass houses and housing estate developments, apartments, and other forms of residential developments. Houses and housing estate developments include various types of residential structures such as single detached dwellings, semi-detached dwellings, multiple dwellings, apartment buildings, garden suites, special care or special-needs dwellings, accessory dwellings, and the residential components of mixed-use structures. Service providers in this field can include large chain companies, independent contractors, and different construction types, including both new construction and renovation projects.

The residential land planning and development market research report is one of a series of new reports that provides residential land planning and development market statistics, including residential land planning and development industry global market size, regional shares, competitors with a residential land planning and development market share, detailed residential land planning and development market segments, market trends and opportunities, and any further data you may need to thrive in the residential land planning and development industry. This residential 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 ongoing trend of urbanization is expected to fuel the expansion of the residential land planning and development market. Urbanization denotes the process of cities growing and expanding, often accompanied by population migration from rural to urban areas. Residential land planning and development provide the necessary housing solutions to accommodate the growing urban population, contributing to urbanization by creating living spaces within cities. For example, as of April 2022, per the World Economic Forum, over 4.3 billion people, or 55% of the world's population, resided in urban settings, and this number is projected to increase to 80% by 2050. Thus, the upward trajectory of urbanization is propelling the residential land planning and development market.

During the forecast period, it is anticipated that interest rates will rise in both developing and developed economies, potentially limiting new investments in capital-intensive industries like the residential land planning and development market. Many countries worldwide are increasing interest rates to curb inflation and prevent capital outflows. This is likely to impact new investments related to expansion, research, and the development of new products. In the United States, for instance, interest rates are expected to climb up to 4.0% by 2022. Moreover, higher interest rates may significantly affect both residential and non-residential housing construction. Elevated mortgage rates not only discourage new homebuyers but also put financial pressure on existing homeowners, compelling some to sell their properties. In 2021, the average mortgage rate in the US was approximately 3.1%. These factors are projected to exert a negative influence on the market, as the cost of borrowing increases, potentially hindering market growth.

Innovative technologies such as augmented reality (AR) are gaining prominence in the residential land planning and development market, facilitating faster construction and cost reduction. Augmented reality involves enhancing the real world with computer-generated sensory inputs, enabling the creation of a three-dimensional model of construction designs for realistic interaction. These technologies benefit the construction industry by reducing rework, improving quality, lowering labor expenses, meeting project timelines, enhancing safety, optimizing customer experiences, streamlining collaboration, conducting design analysis, ensuring measurement accuracy, managing construction projects, and presenting plans. Some of the major construction companies incorporating AR technology include McCarthy Building Companies, Mortensen Construction Companies, BNBuilders, Inc., and ISG, a global construction services company.

Leading companies operating in the residential land planning and development market are dedicated to developing innovative technologies such as the integrated property intelligence tool to gain a competitive edge. PropertyIntel is a cloud-based tool designed for measurement and estimation purposes. For example, in February 2021, Aspire Software, a Canada-based provider of software solutions for commercial landscaping businesses, introduced PropertyIntel, a next-generation property measurement and estimating system. This cloud-based tool enables landscape companies to collect accurate data, establish connections between related data, and visualize crucial information in real time. By doing so, it empowers these businesses to achieve heightened levels of profitability and performance.

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.

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.

The countries covered in the residential 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 residential land development market includes revenues earned by entities by constructing houses and utility lines. 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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