USD 3.69 trillion
Report ID: SQSG60I2001 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 65 | Figures: 75
Global Real Estate Market size was valued at USD 3.69 trillion in 2021 and is poised to grow from USD 3.88 trillion in 2022 to USD 6.13 trillion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).
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.
Global Market Size
USD 3.69 trillion
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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.
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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.
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Real Estate Market Driver
Real Estate Market Restraint
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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
Real Estate Market Recent Developments
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.
|Market size value in 2021||USD 3.69 trillion|
|Market size value in 2030||USD 3.88 trillion|
|Forecast Unit (Value)||USD Trillion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global 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 Global 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Real Estate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Product ID: SQSG60I2001