USD 3.69 Billion
Real Estate Market Size, Share, Growth Analysis, By Type(Sale, Rental, Lease), By Property(Residential, Commercial, Industrial, L), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG60I2003 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
65
|Figures:
75
Real Estate Market Insights
Global Real Estate Market size was valued at USD 3.69 Billion in 2022 and is poised to grow from USD 3.88 Billion in 2023 to USD 5.82 Billion by 2031, at a CAGR of 5.20 % during the forecast period (2024-2031).
The land along with any permanent development attached to it, whether it may be man-made or natural including water, tree, minerals, building, homes, and bridges are known as Real Estate. Real estates are a form of property that differs from the personal property; those are things that are not related to land such as boat, car, farm equipment, and other vehicles. The rent, lease, and allow the use of land or building for domestic or commercial purposes are some of the entities that made up the real estate market. Selling, renting, and buying the properties on behalf of others and managing the same property on behalf of others is also an aspect of the real estate market. The real estate market is divided into three categories: rental, agency, and brokerage. The fees paid in exchange for the temporary use of someone else's property are also known as rental real estate. There are various types of rental real estate available on both online and offline platforms such as furnished, semi-furnished, and unfurnished real estate for renting. These are all attributed to the immense growth in the real estate market during the forecast period.
US Real Estate Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Sale
Fastest Growth
Rental
Growth Rate
5.20% CAGR
Global Real Estate Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Real Estate Market Segmental Analysis
The Global Real Estate Market is segmented on the basis of Type, Property, and region. Based on Type, the Real Estate Market is segmented into Sales, Rental, and Lease. Based on Property, the real estate market is segmented into Residential, Commercial, Industrial, and unused Land. Based on region, the global Real Estate market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Real Estate Market Analysis by Type
The global real estate market is divided into sales, rental, and lease of which the rental type has been dominating the Real Estate Market segment with a market share of 53% for the year 2021. The unimaginable rise in land and property prices globally has made it difficult for owning and maintaining a new house so most people prefer to rent a prebuilt house rather than buy or construct a new real estate property that’s the reason for the rental real estate segment to dominate the market.
The real estate on sale is expected to show tremendous growth in the coming time period with a CAGR of 6.3% during the analysis period. As the pandemic has changed the perspective of the buyer and this results in increasing demand for luxurious homes, villas, and tiny homes. These all rental and sales types will contribute toward the revenue growth of the real estate market during the forecast period.
Real Estate Market Analysis by Property
In the year 2021, the residential property segment is said to dominate the major portion of the real estate market globally with a 35.6% of global revenue share. The real estate market is segmented into residential, commercial, industrial land, and other kinds of property. This demand is completely driven by the young people who are in their 30s, with the growing concept of the nuclear family. The joint families are separated and everyone in the family is eager to own their own house which in turn is increasing the demand for apartments globally.
The commercial property segment is expected to grow at a CAGR of 5.1% during the upcoming period and the increasing number of hotels and resorts is expected to drive the demand throughout the analysis period.
Global Real Estate Market By Type, 2021 (%)
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Real Estate Market Regional Insights
The real estate market in North America has seen a growth of 5.5% for the year 2021. But the Asia Pacific region has recorded the highest Real Estate Market share of around 53% in the real estate market for the year 2021. The presence of large economies like China and India with their huge population is one of the major reasons for the growth of real estate development and investment in properties. The favorable government policies and regulations are some of the reasons for the growth of the real estate market in the Indian region. Increasing spending on rental services and homeownership by millennials is one of the major reasons for the growth of the real estate industry.
Global Real Estate Market By Geography, 2021- 2028
- Largest
- Fastest
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Real Estate Market Dynamics
Real Estate Market Driver
- Growing disposable income in developing countries and the growing demand from the millennials for homeownership is one of the reasons that is driving the growth of the real estate market globally.
- The growing cost of construction and land acquisition is the reason for the growing demand for rental properties around the world. This had led to increasing demand for rental real estate which in turn made it an amazing investment opportunity that can generate rental income by giving it on rent or lease for various domestic and commercial purposes.
Real Estate Market Restraint
- The main factor restraining the growth of the real estate market is the involvement of huge capital requirements in land acquisition and property development. These huge capital investments into the sector are growing the revenue generation but also bring a huge risk to the property developer. So very few companies are willing to take the risk in this process which is slowing down the growth of the real estate market globally.
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Real Estate Market Competitive Landscape
The Real Estate market is relatively fragmented, with a high level of competition. Few large players, like Brookfield Asset Management Inc, American Tower Corporation LLC, and Prologis Inc., now control the Real Estate Market in terms of market share. These real estate industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their Real Estate Market share and profitability.
Real Estate Market Top Player’s Company Profiles
- CBRE Group, Inc.
- Jones Lang LaSalle (JLL)
- Cushman & Wakefield
- Newmark Group, Inc.
- Colliers International Group Inc.
- Knight Frank LLP
- Savills plc
- Hines
- Brookfield Asset Management Inc.
- Prologis, Inc.
- Lendlease Corporation Limited
- Mitsui Fudosan Co., Ltd.
- Equity Residential
- Digital Realty Trust, Inc.
- Unibail-Rodamco-Westfield SE
- The Blackstone Group Inc.
- Simon Property Group, Inc.
- Vornado Realty Trust
- Host Hotels & Resorts, Inc.
- CBRE Global Investors
Real Estate Market Recent Developments
- In May 2022, American Tower Corporation, a US-based real estate company joined UNGC and made a commitment to work on human rights, labour law, anti-corruption and environmental wellbeing in the meet and also adopted the empowerment principle for gender equality and women empowerment at community and workplace.
- In March 2022, Keller Williams Realty Inc a US-based technology and international real estate company entered into a deliberate partnership with RealNex which is a technology solution for commercial real estate and will provide technical services like marketing and business tools to these large commercial players around the world.
Real Estate Key Market Trends
- The key Real Estate Market trend that has been seen in the real estate market is rapid urbanization and the growing number of nuclear families across the world is driving the need for quality housing and infrastructure. The customer nowadays also prefers a clean, safe and secure environment along with various infrastructural development such as good connectivity through roads and railways. These are creating a positive stance for the real estate market which is good for the industry growth.
- Various technological advancements in AI and IoT are also providing an ample amount of services to the customer such as registration and storing and maintaining documents and records for payment of rent and renewal of lease etc. The significant increase in the disposable income by the people in developing countries also enabled the administrative bodies to get policies and regulation for better infrastructure which is expected to push the growth of the real estate market.
Real Estate Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the rental type of real estate and the residential property segment has been dominating the real estate market segment in the year 2021. The Asia Pacific region has recorded the highest market share of around 53% in the real estate market for the year 2021. The key market trend that has been seen in the real estate market is rapid urbanization and the increasing number of nuclear families across the world is driving the need for quality housing and infrastructure.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.69 Billion |
| Market size value in 2031 | USD 5.82 Billion |
| Growth Rate | 5.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Real Estate Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Real Estate Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Real Estate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Real Estate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Real Estate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Real Estate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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