Press release
Multifamily Housing Green Buildings Market Outlook 2024: Exclusive Report By The Business Research Company | Turner Construction Co, Clark Group, AECOM, Swinerton, Hensel Phelps, Skanska, Lendlease
Multifamily Housing Green Buildings Market Size
The Business Research Company offers in-depth market insights through Multifamily Housing Green Buildings Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The multifamily housing green buildings market size has grown rapidly in recent years. It will grow from $139.89 billion in 2023 to $167.67 billion in 2024 at a compound annual growth rate (CAGR) of 19.9%. The growth in the historic period can be attributed to environmental awareness, cost savings, tenant demand, building certifications.
The multifamily housing green buildings market size is expected to see rapid growth in the next few years. It will grow to $347.08 billion in 2028 at a compound annual growth rate (CAGR) of 19.9%. The growth in the forecast period can be attributed to sustainability and climate change, smart building technologies, net zero buildings, digital technologies. Major trends in the forecast period include renewable energy integration, smart building technology, sustainable materials, eco-landscaping.
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Market Segmentation:
The main types of multifamily housing green buildings are new construction and remodeling. Remodeling is the process of changing or modifying something's structure, style, or shape. The different types of products include interior and exterior products. Various types of construction include full-green and semi-green construction.
Major Driver - Rising Consumer Awareness Boosts Green Construction In Multifamily Housing Green Buildings Market
Customers are more informed of the benefits and cost savings in the long run of sustainable and net-zero homes. Homebuyers are now well informed and are acknowledging the reference to healthier homes, quality construction, and high performance. As per a report by the National Association of Home Builders (NAHB) authoritative, multi-family builders and remodelers said operating efficiency and long-term utility cost savings are the reasons customers are convinced to invest in green construction of homes. Therefore, customer awareness of factors such as environmental impacts, sustainability, and long-term cost savings is driving the growth of the multifamily housing green buildings market.
Competitive Landscape:
Major companies operating in the multifamily housing green buildings market include Turner Construction Co, Clark Group, AECOM, Swinerton, Hensel Phelps, Skanska, Lendlease, Holder Construction, Webcor, Walsh Group, Gilbane Building Co, Structure Tone, Whiting-Turner Contracting Co., Clayco, DPR Construction, PCL Construction Enterprises, Suffolk, Austin Industries, McCarthy Holdings, BL Harbert International, James G. Davis Construction, Hoffman Construction, Brasfield & Gorrie, David E. Harvey Builders, The Balfour Beatty US, Hathaway Dinwiddie Construction, Mortenson Construction, Sundt Construction, HITT Contracting, Power Construction, Gensler, Stantec, HOK, JE Dunn Construction, Suffolk Construction, The Whiting-Turner Contracting Co., McCarthy Building Companies Inc., Ryan Companies US Inc., The Beck Group, The Weitz Company, The Boldt Company, The Opus Group, The Korte Company
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Top Trend - Collaborative Efforts For Sustainable Net-Zero Homes
Consumers and builders are working together to create more sustainable homes, with a focus on reducing carbon footprints by promoting self-sustaining homes, also known as Net-zero homes. A Net Zero home produces energy through various domestic renewable energy technologies such as solar panels, micro wind turbines, sinkholes, and compost gas for its energy requirements. It aims to produce at least as much energy as it consumes. Net zero home stock is projected to rise from 57,800 homes in 2019 to 534,500 homes in 2028. Around 36% of multi-family home builders are building their homes green. 80% of them are dedicated green home builders, with more than 90% of their projects green. Green builders are expected to grow to 47% by 2022 and are investing more in this segment. These statistics show us an increasing trend of net-zero homes in the residential construction market.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Multifamily Housing Green Buildings Market Characteristics
3. Multifamily Housing Green Buildings Market Trends And Strategies
4. Multifamily Housing Green Buildings Market - Macro Economic Scenario
5. Multifamily Housing Green Buildings Market Size And Growth
…..
27. Multifamily Housing Green Buildings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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