This report describes and explains the real estate agency and brokerage market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global real estate agency and brokerage market grew from $1,038.5 billion in 2017 to $1,325.5 billion in 2022 at a compound annual growth rate (CAGR) of 5.0%. The market is expected to grow from $ 1,325.5 billion in 2022 to $1,815.1 billion in 2027 at a CAGR of 6.5%, and to $2,532.3 billion in 2032 at a CAGR of 6.9%.
Growth in the historic period resulted from the strong economic growth in emerging markets, a rise in disposable income and government initiatives.
Going forward, increasing investment in infrastructure, a rising population, and increasing urbanization will drive market growth. Factors that could hinder the growth of the real estate agency and brokerage market in the future include the impact of the Russia-Ukraine war.
The real estate agency and brokerage market is segmented by type into residential buildings and dwellings brokers, non-residential buildings brokers, mini warehouses and self-storage units brokers, and other brokers. The residential buildings and dwellings brokers market was the largest segment of the real estate agency and brokerage market segmented by type, accounting for 49.1% of the total in 2022. Going forward, the mini warehouses market is expected to be the fastest growing segment in the real estate agency and brokerage market segmented by type, at a CAGR of 11.5% during 2022-2027.
The real estate agency and brokerage market is also segmented by mode into online and offline. The online market was the largest segment of the real estate agency and brokerage market segmented by mode, accounting for 57.3% of the total in 2022. Going forward, the offline market is expected to be the fastest growing segment in the real estate agency and brokerage market segmented by mode, at a CAGR of 8.0% during 2022-2027.
The real estate agency and brokerage market is also segmented by property type into semi-furnished, unfurnished and fully furnished. The semi-furnished market was the largest segment of the real estate agency and brokerage market segmented by property type, accounting for 51.4% of the total in 2022. Going forward, the semi-furnished market is expected to be the fastest growing segment in the real estate agency and brokerage market segmented by property type, at a CAGR of 6.8% during 2022-2027.
Asia Pacific was the largest region in the real estate agency and brokerage market, accounting for 56.1% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the real estate agency and brokerage market will be Western Europe and Eastern Europe, where growth will be at CAGRs of 12.3% and 3.0% respectively. These will be followed by South America and Africa, where the markets are expected to grow at CAGRs of 2.6% and 1.6% respectively.
The global real estate agency and brokerage market is highly fragmented, with a large number of small players. The top ten competitors in the market made up 2.90% of the total market in 2021. This is due to the existence of a number of local players in the market serving customers in particular geographies. Anywhere Real Estate Inc was the largest competitor with 0.53% share of the market, followed by Mitsui Fudosan Co., Ltd. with 0.48%, Berkshire Hathaway Inc. with 0.46%, CBRE Group with 0.31%, FirstService Corporation with 0.27%, Jones Lang LaSalle Inc. with 0.22%, Sekisui House with 0,.22%, Savills plc with 0.21, Cushman & Wakefield Inc. with 0.11% and Colliers International with 0.10%.
The top opportunities in the real estate agency and brokerage market by type will arise in the residential buildings and dwellings brokers segment, which will gain $332.04 billion of global annual sales by 2027. The top opportunities in the real estate agency and brokerage market by mode will arise in the offline segment, which will gain $225.07 billion of global annual sales by 2027. The top opportunities in the real estate agency and brokerage market by property type will arise in the semi-furnished segment, which will gain $264.60 billion of global annual sales by 2027. The real estate agency and brokerage market size will gain the most in China at $255.15 billion.
Market-trend-based strategies for the real estate agency and brokerage market include, metaverse in real estate agency and brokerage, AR & VR in real estate brokerage, use of artificial intelligence, launch of consumer-facing website, mobile platform for real estate agency and brokerage, focus on innovative solutions and strategic partnerships and collaborations.
Player-adopted strategies in the real estate agency and brokerage market include focuses on strengthening its business operations through strategic acquisitions, enhancing its geographical footprint through business expansions, enhancing its business capabilities through the launch of new digital solutions, and strengthening its business operations through strategic acquisitions.
To take advantage of the opportunities, the publisher recommends the real estate agency and brokerage companies to focus on leveraging metaverse, focus on AR and VR applications, focus on use of artificial intelligence, focus on creating consumer-facing online platforms, expand in emerging markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, target consumers through digital channels and continue to target fast-growing property types.
The global real estate agency and brokerage market grew from $1,038.5 billion in 2017 to $1,325.5 billion in 2022 at a compound annual growth rate (CAGR) of 5.0%. The market is expected to grow from $ 1,325.5 billion in 2022 to $1,815.1 billion in 2027 at a CAGR of 6.5%, and to $2,532.3 billion in 2032 at a CAGR of 6.9%.
Growth in the historic period resulted from the strong economic growth in emerging markets, a rise in disposable income and government initiatives.
Going forward, increasing investment in infrastructure, a rising population, and increasing urbanization will drive market growth. Factors that could hinder the growth of the real estate agency and brokerage market in the future include the impact of the Russia-Ukraine war.
The real estate agency and brokerage market is segmented by type into residential buildings and dwellings brokers, non-residential buildings brokers, mini warehouses and self-storage units brokers, and other brokers. The residential buildings and dwellings brokers market was the largest segment of the real estate agency and brokerage market segmented by type, accounting for 49.1% of the total in 2022. Going forward, the mini warehouses market is expected to be the fastest growing segment in the real estate agency and brokerage market segmented by type, at a CAGR of 11.5% during 2022-2027.
The real estate agency and brokerage market is also segmented by mode into online and offline. The online market was the largest segment of the real estate agency and brokerage market segmented by mode, accounting for 57.3% of the total in 2022. Going forward, the offline market is expected to be the fastest growing segment in the real estate agency and brokerage market segmented by mode, at a CAGR of 8.0% during 2022-2027.
The real estate agency and brokerage market is also segmented by property type into semi-furnished, unfurnished and fully furnished. The semi-furnished market was the largest segment of the real estate agency and brokerage market segmented by property type, accounting for 51.4% of the total in 2022. Going forward, the semi-furnished market is expected to be the fastest growing segment in the real estate agency and brokerage market segmented by property type, at a CAGR of 6.8% during 2022-2027.
Asia Pacific was the largest region in the real estate agency and brokerage market, accounting for 56.1% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the real estate agency and brokerage market will be Western Europe and Eastern Europe, where growth will be at CAGRs of 12.3% and 3.0% respectively. These will be followed by South America and Africa, where the markets are expected to grow at CAGRs of 2.6% and 1.6% respectively.
The global real estate agency and brokerage market is highly fragmented, with a large number of small players. The top ten competitors in the market made up 2.90% of the total market in 2021. This is due to the existence of a number of local players in the market serving customers in particular geographies. Anywhere Real Estate Inc was the largest competitor with 0.53% share of the market, followed by Mitsui Fudosan Co., Ltd. with 0.48%, Berkshire Hathaway Inc. with 0.46%, CBRE Group with 0.31%, FirstService Corporation with 0.27%, Jones Lang LaSalle Inc. with 0.22%, Sekisui House with 0,.22%, Savills plc with 0.21, Cushman & Wakefield Inc. with 0.11% and Colliers International with 0.10%.
The top opportunities in the real estate agency and brokerage market by type will arise in the residential buildings and dwellings brokers segment, which will gain $332.04 billion of global annual sales by 2027. The top opportunities in the real estate agency and brokerage market by mode will arise in the offline segment, which will gain $225.07 billion of global annual sales by 2027. The top opportunities in the real estate agency and brokerage market by property type will arise in the semi-furnished segment, which will gain $264.60 billion of global annual sales by 2027. The real estate agency and brokerage market size will gain the most in China at $255.15 billion.
Market-trend-based strategies for the real estate agency and brokerage market include, metaverse in real estate agency and brokerage, AR & VR in real estate brokerage, use of artificial intelligence, launch of consumer-facing website, mobile platform for real estate agency and brokerage, focus on innovative solutions and strategic partnerships and collaborations.
Player-adopted strategies in the real estate agency and brokerage market include focuses on strengthening its business operations through strategic acquisitions, enhancing its geographical footprint through business expansions, enhancing its business capabilities through the launch of new digital solutions, and strengthening its business operations through strategic acquisitions.
To take advantage of the opportunities, the publisher recommends the real estate agency and brokerage companies to focus on leveraging metaverse, focus on AR and VR applications, focus on use of artificial intelligence, focus on creating consumer-facing online platforms, expand in emerging markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, target consumers through digital channels and continue to target fast-growing property types.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List of Tables5. Report Structure
6. Introduction and Market Characteristics
8. Supply Chain Analysis
9. Customer Information
10. Major Market Trends
11. Global Real Estate Agency And Brokerage Market Size And Growth
12. Real Estate Agency And Brokerage Market, Regional Analysis
13. Global Market Segmentation
14. Market Comparison with Macro Economic Factors
15. Asia-Pacific Market
16. Western Europe Market
17. Eastern Europe Market
18. North America Market
19. South America Market
20. Middle East Market
21. Africa Market
23. Company Profiles
24. Key Mergers and Acquisitions
25. Market Background: Real Estate Market
26. Opportunities And Strategies
27. Real Estate Agency And Brokerage Market, Conclusions And Recommendations
28. Appendix
Executive Summary
Real Estate Agency and Brokerage Global Market Opportunities and Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global real estate agency and brokerage market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest growing market for real estate agency and brokerage? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The real estate agency and brokerage market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider real estate agency and brokerage market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the real estate agency and brokerage market.
- Product Analysis - The product analysis section of the report describes the leading products in the real estate agency and brokerage market along with key features and differentiators for those products.
- Supply Chain - The supply chain section of the report defines and explains the key players in the real estate agency and brokerage industry supply chain.
- Customer Information - This chapter covers recent customers' trends/preferences in the global real estate agency and brokerage market.
- Key Trends - Highlights the major trends shaping the global real estate agency and brokerage market. This section also highlights likely future developments in the market.
- Global Market Size and Growth - Global historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - Historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values and growth and market share comparison by region.
- Market Segmentation - Contains the market values (2017-2032) and analysis for each segment by type, by mode, and by property type in the market.
- Regional Market Size and Growth
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years
- Market Opportunities and Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions and Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for real estate agency and brokerage providers in terms of product/service offerings, geographic expansion, marketing strategies and target group.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope:
Markets Covered:
1) By Type: Residential Buildings and Dwellings Brokers; Non-Residential Buildings Brokers; Mini Warehouses and Self-Storage Units Brokers; Other Brokers2) By Mode: Online; Offline
3) By Property: Semi-Furnished; Unfurnished; Fully Furnished
Companies Mentioned: Anywhere Real Estate Inc; Mitsui Fudosan Co., Ltd; Berkshire Hathaway Inc; CBRE Group; FirstService Corporation
Countries: Australia; China; Bangladesh; India; Indonesia; Japan; South Korea; 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
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; real estate agency and brokerage indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Anywhere Real Estate Inc
- Mitsui Fudosan Co., Ltd
- Berkshire Hathaway Inc
- CBRE Group
- FirstService Corporation
- Jones Lang LaSalle Inc.
- Sekisui House
- Savills plc
- Cushman & Wakefield Inc
- Colliers International
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 463 |
| Published | August 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1325.5 Billion |
| Forecasted Market Value ( USD | $ 2532.3 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
