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Rapid Urbanization Fuels Demand For New Residential Buildings Driving Land Planning And Development Market Growth: Major Factor in the Transformation of the Land Planning And Development Market in 2025
Land Planning And Development Market
The market size for land planning and development has experienced a significant increase in the past few years. The market forecast suggests an escalation from $214.6 billion in 2024 to $233.89 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.0%. Factors contributing to the historical period growth include population growth, the state of the economy, urbanization, governmental investments in infrastructure, and environmental regulations.
The market size for land planning and development is anticipated to experience robust expansion in the upcoming years, reaching $324.05 billion by 2029 with a compound annual growth rate (CAGR) of 8.5%. Several factors contributing to this predicted growth during the forecast period include environmentally sustainable practices, technology incorporation, demand for affordable housing, an aging demographic, as well as government strategies and incentives. Significant trends projected for the forecast period encompass mixed-use developments, the use of technology in urban planning and development, prefabricated and modular construction, community involvement and co-creation, and communities catering to aging in place.
What Key Elements Are Boosting Growth in the Land Planning And Development Market?
The anticipated surge in urban population growth is presumed to fuel the need for new residential buildings within the projected timeframe. The UN World Urbanization Prospects report suggests that by 2050, over two-thirds (60%) of the global population will reside in urban areas. A case in point is the potential opportunities set to emerge in Asian nations such as Indonesia, Vietnam, and the Philippines. These countries are increasingly gaining a reputation for export-oriented manufacturing. The World Bank predicts that by 2030, the urban-dwelling population in South Asia will have increased by 250 million. This swift urbanization is anticipated to elevate the demand for fresh infrastructure, consequently propelling the land planning and development market in the projection period.
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Who Are the Major Industry Players Fueling Land Planning And Development Market Expansion?
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.
Which Key Developments Are Influencing the Land Planning And Development Market?
In the field of land planning and development, firms are now integrating technologically advanced tools such as drones to aid in efficient project management. Drones, which are essentially uncrewed aerial vehicles (UAVs), are equipped with telecommunication abilities and are managed remotely. They serve various purposes in land development, such as taking wide-angle pictures for promotion or communication, calculating earthwork volumes, creating elevation maps, and conducting environmental assessments. The landscape can alter daily during the land development process, necessitating routine monitoring and accurate measurement of progress by project managers. Here, drones play a vital role in gathering necessary data, keeping project managers abreast of the advancements in the project, and enabling them to make more informed decisions.
How Is the Segmentation of the Land Planning And Development Market Defined?
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:
1) By Residential Land Planning And Development: Single-family Housing Development, Multi-family Housing Development (Apartment Complexes, Condominiums), Mixed-use Residential Developments (Integrating Residential, Commercial, And Recreational Spaces)
2) By Commercial And Institutional Land Planning And Development: Retail And Shopping Centers, Office Buildings And Complexes, Educational Institutions (Schools, Universities), Healthcare Facilities (Hospitals, Clinics), Hospitality Developments (Hotels, Resorts)
3) By Industrial Land Planning And Development: Manufacturing Facilities, Warehousing And Distribution Centers, Logistics Parks, Research And Development (RAndD) Parks, Industrial Parks And Zones
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What Is the Leading Region in the Land Planning And Development 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.
What Is Covered In The Land Planning And Development Global Market Report?
- Market Size Analysis: Analyze the Land Planning And Development Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Land Planning And Development Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Land Planning And Development Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Land Planning And Development Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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