Real Estate Market Estimated to Exceed US$ 7,954 Billion Globally By 2028 | CAGR of 1.8%

According to IMARC Group latest report titled "Real Estate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on real estate market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global real estate market size reached US$ 7,063 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7,954 Billion by 2028, exhibiting a growth rate (CAGR) of 1.8% during 2023-2028.

Real estate refers to the land, including the air above it, the ground below it, and any buildings or structures on it. It encompasses residential housing, commercial offices, trading spaces such as theatres, hotels, restaurants, retail outlets, industrial buildings such as factories, and Government buildings. It involves purchasing, selling, and developing land, residential and non-residen­tial buildings. The leading players are landlords, developers, builders, real estate agents, tenants, and buyers. The activities of the real estate industry cover the housing and construction sectors. The real estate industry is a major employment driver due to the chain of backward and forward linkages that the industry has with the other sectors of the economy, especially the housing and construction industry. The real estate market is a vital part of the global economy and has a significant impact on all aspects of life.

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Market Trends:

The global market is majorly driven by the increasing demand for personal household space. In line with this, potential buyers are beginning to ramp up their search for and purchase of homes, significantly contributing to the growth of the real estate market. Furthermore, the rising initiatives taken by the government of various countries are likely to positively influence market expansion. Apart from this, the growing infrastructure developments and the escalating number of residential and commercial projects worldwide are catalyzing the market. Moreover, the leading players in the market are diversifying their services to maintain their market share. Besides, rapid urbanization and the increasing population are propelling the market. In addition, the emerging trend of nuclear families and the rising expenditure capacities of consumers are anticipated to drive the market toward growth.

Explore Full Report with Table of Contents: https://www.imarcgroup.com/real-estate-market

Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
• American Tower Corporation
• Aston Pearl Real Estate Broker
• Ayala Land Inc. (Ayala Corporation)
• Cbre Group Inc.
• Colliers International
• Gecina
• Jones Lang Lasalle Incorporated
• Prologis Inc.
• Reliance Relocation Services
• SEGRO plc
• Simon Property Group Inc.
• Wanda Group (Dalian Hexing Investment Co. Ltd.)

Real Estate Market Segmentation:
Our report has categorized the market based on region, property, business and mode.

Breakup by Property:
• Residential
• Commercial
• Industrial
• Land

Breakup by Business:
• Sales
• Rental

Breakup by Mode:
• Online
• Offline

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.