Real Estate Market by Property Type (Residential Buildings & Dwellings, Commercial Complexes, Industrial Infrastructure, and Government Infrastructure), and by Business (Sales, Rental, and Lease) – Global Opportunity Analysis and Industry Forecast, 2024–2

Real Estate Market by Property Type (Residential Buildings & Dwellings, Commercial Complexes, Industrial Infrastructure, and Government Infrastructure), and by Business (Sales, Rental, and Lease) – Global Opportunity Analysis and Industry Forecast, 2024–2030

Real estate market was valued at USD 9.8 trillion in 2023, and is slated to reach USD 14.54 trillion by 2030, due to increasing population across the globe.

Real Estate Market
Domain - Construction and Manufacturing
Sub Domain - Architecture and Urban Planning

The Real Estate Market size was valued at USD 9.8 trillion in 2023, and is predicted to reach USD 14.54 trillion by 2030, with a CAGR of 5.8% from 2024 to 2030.

The continuous growth of the global population is a pivotal driver behind the growing real estate market. As the number of people worldwide continues to increase, the demand for various types of real estate, including residential properties, commercial spaces, and infrastructure, is also growing at a significant rate.

Apart from residential and commercial infrastructures, there is a growing need for transportation networks, utilities, and public services to accommodate the increasing population. This factor, in turn, boosts the growth and development of the real estate market.

Moreover, the globalization of travel and tourism is fueling the surge in demand for short-term rental properties, such as vacation homes and Airbnb-style accommodations, particularly in sought-after tourist destinations. As the world becomes more interconnected, travelers increasingly seek unique and localized experiences, driving the need for flexible and short-term rental options. This factor boosts the growth of the real estate market.

However, government regulations such as tax policies and zoning rules are the primary factors that can put a brake on the growth of the real estate market. These influential factors significantly impact property values, the availability of development opportunities, and investor confidence. They are restraining the growth of the market.

On the contrary, the rise of smart cities and sustainable development projects worldwide is set to create significant opportunities in the real estate market. These initiatives aim to build environmentally friendly & high-tech properties, reshape the real estate landscape, and offer new prospects for development and investment while addressing critical global issues.

Segment Overview
The global real estate market is segmented on the basis of property type, business, and region.
• By Property Type, the market is divided into residential buildings & dwellings, commercial complexes, industrial infrastructure, and government infrastructure.
• By Business, the market is segmented into sales, rental, and lease.
• Region-wise, the market is classified into North America, Europe, Asia-Pacific, and the rest of the world (RoW).

Regional Analysis
Asia-Pacific is projected to hold the dominant share by 2030.
The rapid population growth in Asian countries plays a crucial role in the growth of the real estate market in the Asia-Pacific region. With more and more people seeking homes and infrastructure, there is a notable uptick in demand for residential and commercial properties in this part of the world. This increasing demand is fueling innovation and adaptation within the real estate sector, with a growing emphasis on constructing sustainable and eco-friendly properties. This factor contributes to market growth. India has overtaken China as the world's most populous country in 2023. This significant population increase is driving a need for housing and public infrastructure, further expanding the real estate market in the region.

Moreover, urbanization in Asian countries further drives the demand for commercial real estate properties in this region. With more individuals moving from rural to urban areas, there is a growing need for commercial real estate properties. Businesses and consumers are increasingly concentrating in these urban centers, increasing the requirement for office spaces and retail outlets. This surge in urbanization-driven demand for commercial properties presents a substantial opportunity for real estate developers and investors, contributing to the overall growth of the real estate market in the region. According to the most recent report from the Central Intelligence Agency, the pace of urbanization in numerous Asian countries, including China, India, and Indonesia, reached 1.78%, 2.33%, and 1.99%, respectively. This urbanization trend, with more people relocating to cities, is generating significant demand for real estate properties, thereby propelling the growth of the real estate market.

Key Market Players
• Prologis, Inc.
• Brookfield Asset Management, Inc.
• ATC IP LLC
• Simon Property Group, L.P
• Coldwell Banker
• Tata Housing Development Company
• Keller Williams Realty, Inc.
• CBRE Group, Inc
• Sotheby’s International Realty Affiliates LLC
• Colliers

Recent Developments
October 2023
Tata Housing Development Company unveiled plans for housing projects valued at USD 1.92 billion. It is set to be implemented over the next 2–3 years. These initiatives are strategically aimed at responding to the growing demand for housing and infrastructure development in India. The primary goal of these projects is to cater to the housing needs of prospective homeowners and investors across the country.

May 2023
Prologis, Inc., a leading player in the worldwide logistics real estate sector, introduced its Essentials platform. This platform is designed to optimize warehouse operations and elevate supply chain efficiency. The innovative Essentials platform provides comprehensive solutions covering warehouse operations, electromobility, energy, and workforce management, simplifying the operations of companies situated within Prologis properties.

KEY BENEFITS
• The real estate market report provides a quantitative analysis of the current market and estimations from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the real estate market trends, including current and future trends for depicting prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the real estate market is provided in the report.
• The competitive analysis of the market players along with their market share in the real estate market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the roles of stakeholders.