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Residential Land Planning And Development Market Trends, Top Companies, Share, Growth And Forecast 2033
Residential Land Planning And Development Market Trends
According to The Business Research Company's, The residential land planning and development market size has grown rapidly in recent years. It will grow from $145.16 billion in 2023 to $160.01 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to population growth, economic growth, environmental regulations, infrastructure development, housing market trends.
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Market Drivers and Trends:
The increasing urbanization is expected to propel the growth of the residential land planning and development market. Urbanization refers to the process of the increasing growth and expansion of cities, often accompanied by population migration from rural to urban areas. Residential land planning and development provides housing solutions necessary to accommodate the growing urban population, contributing to urbanization by creating living spaces within cities. For instance, in April 2022, according to the World Economic Forum, a Switzerland-based independent international organization, more than 4.3 billion people, or 55% of the world's population, lived in urban settings, and the number is expected to rise to 80% by 2050. Therefore, increasing urbanization is driving the residential land planning and development market.
Major companies operating in the residential land planning and development market are developing innovative technologies, such as the integrated property intelligence tool, to gain a competitive advantage. PropertyIntel is a cloud-based tool for measuring and estimating. For instance, in February 2021, Aspire Software, a Canada-based software provider for commercial landscaping businesses, launched PropertyIntel to collect accurate data, connect related data, and visualize essential data. This next-generation property measurement and estimating system enables landscape companies to collect, link, and visualize critical data in real time, enabling them to achieve new levels of profitability and performance.
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Major Key Players of the Market:
China State Construction Engineering Corporation Ltd.; Risesun Real Estate Development Co Ltd; Xiamen C&D; Eiffage SA; Greenland Holding Group; Shimizu Corporation; KB Home; Brookfield Asset Management; Jardine Matheson; Skanska Group; Bumo; Toll Brothers Inc.; Lennar Corporation; D.R. Horton Inc.; PulteGroup Inc.; Meritage Homes Corporation; M/I Homes Inc.; NVR Inc.; Beazer Homes USA Inc.; Hovnanian Enterprises Inc.; The Ryland Group Inc.; Standard Pacific Corp.; William Lyon Homes Inc.; AV Homes Inc.; Century Communities Inc.; LGI Homes Inc.; Green Brick Partners Inc.; TRI Pointe Group Inc.; CalAtlantic Group Inc.
Residential Land Planning And Development Market 2024 Key Insights:
• The residential land planning and development market size is expected to grow to $236.02 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.
• The increasing urbanization is expected to propel the growth of the residential land planning and development market. Urbanization refers to the process of the increasing growth and expansion of cities, often accompanied by population migration from rural to urban areas. Residential land planning and development provides housing solutions necessary to accommodate the growing urban population, contributing to urbanization by creating living spaces within cities. For instance, in April 2022, according to the World Economic Forum, a Switzerland-based independent international organization, more than 4.3 billion people, or 55% of the world's population, lived in urban settings, and the number is expected to rise to 80% by 2050. Therefore, increasing urbanization is driving the residential land planning and development market.
• Major companies operating in the residential land planning and development market are developing innovative technologies, such as the integrated property intelligence tool, to gain a competitive advantage. PropertyIntel is a cloud-based tool for measuring and estimating. For instance, in February 2021, Aspire Software, a Canada-based software provider for commercial landscaping businesses, launched PropertyIntel to collect accurate data, connect related data, and visualize essential data. This next-generation property measurement and estimating system enables landscape companies to collect, link, and visualize critical data in real time, enabling them to achieve new levels of profitability and performance.
• Asia-Pacific was the largest region in the residential land planning and development market 2023.
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