Press release
Modular Construction Trends Drive Land Planning and Development Market to $296.17B by 2028 at 9.8% CAGR
Land Planning And Development Market Report
Land Planning And Development Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $296.17 billion In 2028 At A CAGR Of 9.8%:
The land planning and development market size has grown strongly in recent years. It will grow from $185.18 billion in 2023 to $203.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to population growth, economic conditions, urbanization, government infrastructure investment, environmental regulations.
The land planning and development market size is expected to see strong growth in the next few years. It will grow to $296.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to sustainability and green initiatives, technology integration, affordable housing needs, aging population, government policies and incentives. Major trends in the forecast period include mixed-use developments, the integration of technology in urban planning and development, modular and prefabricated construction, community engagement and co-creation, aging-in-place communities.
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Land Planning And Development Market Major Segments
The land planning and development market covered in this report is segmented -
1) By Type: Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development
2) By Ownership: Chained, Standalone
3) By Service: Online, Offline
Subsegments Covered: Houses And Housing Estate Developments, Apartments And Other Residential Developments
Key Driver - Rapid Urbanization Fuels Demand For New Residential Buildings Driving Land Planning And Development Market Growth
A rapidly growing urban population is expected to increase the demand for new residential buildings during the forecast period. According to the UN World Urbanization Prospects report, globally, it is projected that more than two-thirds (60%) of the world's population will be living in cities by 2050. For instance, large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam, and the Philippines, which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, the urban population in South Asia is expected to grow by 250 million by 2030. This rapid urbanization is expected to boost demand for new infrastructure and drive the land planning and development market during the forecast period.
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Prominent Trend - Revolutionizing With Drone Technology Enhancing Land Planning And Development Market Efficiency And Decision-Making
Land planning and development companies are using advanced technologies such as drones to efficiently manage land development projects. A drone is an unmanned aerial vehicle (UAV) that is integrated with communication technologies and controlled by a remote. Some of the typical applications of drones in land development include capturing panoramic images for marketing or communications, earthwork volume calculations, elevation mapping, and environmental analysis. During land development, the terrain can change daily, thus requiring project managers to monitor these changes and accurately gauge the progress. Drones can help in collecting the data and keep project managers informed of the project's progress and help them make better decisions.
Land Planning And Development Market Players
Major companies operating in the land planning and development market include China State Construction Engineering Corporation Ltd., Risesun Real Estate Development Co Ltd, Xiamen C&D, Greenland Holding Group, Eiffage SA, China Communications Construction Co.ltd., Skanska Group, Shimizu Corporation, Hochtief AG, Jardine Matheson, AECOM, Jacobs Engineering Group Inc., Stantec Inc., WSP Global Inc., Henningson Durham & Richardson Inc., Gensler, Perkins and Will, HOK, Skidmore Owings & Merrill LLP (SOM), CallisonRTKL Inc., HKS Inc., NBBJ, Zimmer Gunsul Frasca Architects LLP, CannonDesign, Arup Group, IBI Group, Sasaki, Howard Needles Tammen & Bergendoff Corporation, Populous Holdings Inc., NelsonNygaard Consulting Associates Inc., Ramboll Group A/S, Mott MacDonald Group Ltd., Aedas Ltd., Woods Bagot, Kohn Pedersen Fox Associates PC, GoodwinHolland and Dorrington Group Pty Ltd., Page Southerland Page Inc., Hargreaves Jones, Bridgeway Shipping and Clearing Services International.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the land planning and development market in 2023. North America was the second-largest region in the land planning and development market. The regions covered in the land planning and development market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Land Planning And Development Market Report Structure
3. Land Planning And Development Market Trends And Strategies
4. Land Planning And Development Market - Macro Economic Scenario
5. Land Planning And Development Market Size And Growth
…..
27. Land Planning And Development Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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