How Big is The Residential Real Estate Market?
The latest intelligence report published by Report Ocean, titled “Residential Real Estate Market”2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
The residential real estate market was valued at $8,567.4 billion in 2019, and is expected to reach $12,182.1 billion by 2027, registering a CAGR of 9.0% from 2020 to 2027. The residential real estate market includes buying and selling of residential properties such as flats, bungalows, and villas.
The residential real estate market is mainly driven by urbanization in developing countries. People from small villages and towns are migrating to cities to improve their living standards. Increase in industries around large cities has led to expansion of cities.
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How Expansive is the Residential Real Estate Market?
In addition, governments of several nations such as the U.S. and Australia offer real estate loans at lower rates for long term and concession for first time home buyers, respectively. In addition, governments of several other nations such as Poland, the U.S., and Canada offer schemes such as Golden Visa and affordable housing schemes to encourage buyers. Moreover, large number of tourist destinations in countries such as France, the Netherlands, Dubai, Singapore, and Malaysia also attract real estate buyers. However, there has been a very low rate of growth in the residential real estate market in developed nations as major cities have reached saturation considering expansion, which acts as a restrain for the market growth.
In addition, during the outbreak of COVID-19, the residential real estate market around the world witnessed decline, owing to halt in construction and transaction activities in the market. Moreover, governments in several developing nations such as India have planned new cities such as Dream City in Gujarat and New Kanpur, which would have commercial, industrial, and residential zones, which is expected to provide lucrative opportunities for the market growth.
The residential real estate market is segmented into budget and size. On the basis of budget, the market is divided into less than $300,000, $300,001 to $700,000, $700,001 to $1,000,000, $1,000,001 to $2,000,000, and more than $2,000,000. Depending on size, it is classified into less than 50 square meters, 51 to 80 square meters, 81 to 110 square meters, 111 to 200 square meters, and more than 200 square meters.
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Competition analysis
The major players profiled in the residential real estate market include Arabtec Holding, Christie’s International Real Estate, Coldwell Banker Real Estate LLC, DLF Limited, Engel & Volkers AG, Hochtief Corporation, IJM Corporation Berhad, Lennar Corporation, Pultegroup, Inc., Raubex Group Limited, Savills plc, Sotheby’s International Realty Affiliates LLC, Sun Hung Kai Properties Limited, and Vinci.
The major companies have adopted strategies such as acquisition, business development, joint venture, partnership, and product launch to offer better services to customers in the residential real estate market. For instance, in September 2019, Coldwell Banker opened a new office in Manhattan, New York City to effectively reach out to customers and offer better services. Similarly, in October 2019, Lennar signed a joint venture with Shea Homes and Woodside Homes to build luxurious homes in Las Vegas, U.S.
KEY BENEFITS FOR STAKEHOLDERS
– The report provides an extensive analysis of the current and emerging residential real estate market trends and dynamics.
– In-depth residential real estate market analysis is conducted by estimations for the key segments between 2020 and 2027.
– Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
– A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
– The market forecast analysis from 2020 to 2027 is included in the report.
– The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.
KEY MARKET SEGMENTS
By Budget
o Less Than $300,000
o $300,001 to $700,000
o $700,001 to $1,000,000
o $1,000,001 to $2,000,000
o More Than $2,000,000
By Size
o Less Than 50 square meters
o 51 to 80 square meters
o 81 to 110 square meters
o 111 to 200 square meters
o More Than 200 square meters
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Market Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Market Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Market Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Market Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
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