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Rising Consumer Awareness Boosts Green Construction In Multifamily Housing Green Buildings Market Driver: Leading Transformation in the Multifamily Housing Green Buildings Market in 2025
What Are the Projected Growth and Market Size Trends for the Multifamily Housing Green Buildings Market?In recent years, the market size for green multifamily housing buildings has witnessed rapid expansion. Projected growth is from $165.26 billion in 2024 to $197.34 billion in 2025, displaying a compound annual growth rate (CAGR) of 19.4%. Factors contributing to this growth over the historic period include environmental consciousness, cost effectiveness, tenant demand, and building certifications.
The green buildings market for multifamily housing is projected to experience substantial growth in the forthcoming years. The market is anticipated to expand to $414.67 billion by 2029, growing at a compound annual growth rate (CAGR) of 20.4%. This growth during the predicted period can be accredited to factors such as sustained viability and climate change, the emergence of smart buildings, net-zero buildings, and advancements in digital technologies. Key trends during this period can be seen in the integration of renewable energy, smart building technology, the use of sustainable materials, and eco-landscaping.
What Is Driving the Growth Trajectory of the Multifamily Housing Green Buildings Market?
Homebuyers are now becoming more aware of the long-term benefits and savings associated with sustainable and carbon-neutral homes. The appeal towards healthier homes, top-tier construction, and superior performance is growing among informed customers. A study by the National Association of Home Builders (NAHB) states that factors such as operational efficiency and long-term utility savings are what convince customers to invest in the green construction of homes. Hence, the increased customer awareness on elements like environmental implications, sustainability, and long-term savings is fuelling the expansion of the green buildings market in the multifamily housing sector.
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Which Leading Companies Are Shaping the Growth of the Multifamily Housing Green Buildings Market?
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
What Are the Major Trends Shaping the Multifamily Housing Green Buildings Market?
A collaboration is occurring between builders and consumers to develop more eco-friendly homes, placing an emphasis on lessening carbon footprints through the endorsement of self-reliant houses, also referred to as Net-zero homes. These types of homes generate power through multiple residential renewable energy sources, including solar panels, micro wind turbines, sinkholes, and compost gas to fulfill energy needs. The goal is to generate a minimum of as much energy as it uses. The stock of net-zero homes is anticipated to grow by 534,500 homes by 2028. Approximately 36% of builders who build multi-family homes are constructing their homes to be eco-friendly. Of these, 80% are committed to being green home builders, with over 90% of their projects being green. The percentage of green builders is predicted to rise to 47% by 2022, with more investments being made in this area. This data indicates a growing trend in the residential construction market towards net-zero homes.
What Are the Key Segments of the Multifamily Housing Green Buildings Market?
The multifamily housing green buildings market covered in this report is segmented -
1) By Type: New Construction, Remodeling
2) By Product: Interior Products, Exterior Products
3) By Construction Type: Full Green, Semi Green
Subsegments:
1) By New Construction: Residential Buildings, Commercial Buildings
2) By Remodelling: Retrofit Projects, Renovation Projects
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Which Region Dominates the Multifamily Housing Green Buildings Market?
Asia-Pacific was the largest region in the multifamily housing green buildings market in 2023. Eastern Europe is expected to be the fastest-growing region in the multifamily housing green buildings market during the forecast period. The regions covered in the multifamily housing green buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Multifamily Housing Green Buildings Global Market Report?
- Market Size Analysis: Analyze the Multifamily Housing Green Buildings Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Multifamily Housing Green Buildings 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 Multifamily Housing Green Buildings Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Multifamily Housing Green Buildings Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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