Summary
Major companies 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
The global residential land planning and development market grew from $131.61 billion in 2022 to $145.32 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The residential land planning and development market is expected to grow to $212.93 billion in 2027 at a CAGR of 10.0%.
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.
Residential land development is the process of designing, organizing, and preparing for the future use of land for residential purposes.
Asia-Pacific was the largest region in the residential land planning and development market 2021.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 report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of residential land planning and development are houses and housing estate developments; apartments; and other residential developments.Houses and housing estate developments include a single detached dwelling, a semi-detached dwelling, a multiple dwelling, an apartment dwelling, a garden suite, a special care or special-needs dwelling, an accessory dwelling, and the residential element of a mixed-use structure.
The different service providers include large chain companies, independent contractors, and construction types including new construction and renovation.
Technological development will be a key driver of the residential land planning and development market during the forecast period.Areas of rapid technological change include smart highways, 3D concrete printing, drone surveying, kinetic roads, “tiny housesiod.
Areas of rapid technological change include smart highways, 3D concrete printing, drone surveying, kinetic roads, "tiny houses," and solar roads. Due to the advancement in technology, the demand for better infrastructure will increase, which will further positively impact the growth in the residential land planning and development market.
During the forecast period, interest rates are expected to rise in most developing and developed economies, which is expected to limit new investments in capital-intensive industries such as the residential land planning and development market.Most countries across the world are raising interest rates to control inflation and also to limit the flow of capital out of the country.
This is likely to affect new investments in terms of expansion, research, and development of new products. US interest rates, for instance, are expected to rise by up to 4.0% by 2022. In addition, the increase in interest rates is likely to have a major impact on the construction of both residential and non-residential housing. Higher mortgage rates not only discourage new home buyers but also put pressure on homeowners, forcing them to sell. For instance, the average mortgage rate in the US was around 3.1% in 2021. These factors are expected to have a negative impact on the market as borrowing money becomes expensive, affecting the market’s growth.
Technologies such as augmented reality (AR) are gaining popularity in the residential land planning and development market for faster construction and to cut costs associated with construction.Augmented reality is the real world supplemented with computer-generated sensory inputs, allowing the creation of a 3-dimensional model of a construction design to interact realistically.
These technologies benefit the construction industry by reducing rework, increasing quality, lowering labour costs, meeting timelines, improving safety and customer experience, streamlining collaboration, design analysis, measuring accuracy, construction project management, and presentation of plans. Some of the major construction companies utilising AR technology are McCarthy Building Companies, Mortensen Construction Companies, BNBuilders, Inc., and ISG, Global Construction Services Company.
The countries covered in the residential land planning and development market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
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.
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.
