Top Market Shifts Transforming the Multifamily Housing Construction (Apartments) Market Landscape: Key Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Is the Expected CAGR for the Multifamily Housing Construction (Apartments) Market Through 2025?_x000D_
In recent times, the multifamily housing construction (apartments) market has experienced robust expansion. It is projected to increase from $851.09 billion in 2024 to $918.51 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.9%. Various factors like demographic changes, economic landscape, the process of urbanization, fluctuations in interest rates and financing options, dynamics of the rental market, and social and cultural transformations have contributed to this growth in the past._x000D_
_x000D_
What's the Projected Size of the Global Multifamily Housing Construction (Apartments) Market by 2029?_x000D_
In the coming years, the multifamily housing construction (apartments) market segment is predicted to experience swift expansion, with an estimated worth of $1352.6 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.2%. This forecasted growth could be due to changes in work and living habits, issues with affordability, the implementation of sustainable and environmentally-friendly buildings, revitalization of urban areas combined with mixed-use projects, demographic shifts and increasing elderly population. Notable trends predicted during the forecasted period include the incorporation of technology in residential spaces, urbanization with mixed-use developments, the use of technology in amenities, adjustable and flexible spaces, as well as wellness and health-focused design._x000D_
_x000D_
View the full report here: _x000D_
https://www.thebusinessresearchcompany.com/report/multifamily-housing-construction-apartments-global-market-report_x000D_
_x000D_
Top Growth Drivers in the Multifamily Housing Construction (Apartments) Industry: What's Accelerating the Market? _x000D_
The rise in population is predicted to spur the expansion of the multi-family housing construction (apartments) industry. Population augmentation denotes the average yearly fluctuation in the size of a specific region or nation's populace within a defined span. Given this upsurge in the populace, a greater number of individuals need to be housed, thereby expanding multi-family housing construction. For instance, the United Nations, a US-based international organization, stated in November 2022 that the world's population had touched 8 billion, signifying a critical landmark in human evolution. After escalating from 7 to 8 billion in 12 years, it's forecasted that the population will hit 9 billion around 2037, a span of roughly 15 years. Hence, the rise in population is a key driver of the multi-family housing construction industry's growth._x000D_
_x000D_
Get your free sample here:_x000D_
https://www.thebusinessresearchcompany.com/sample.aspx?id=9679&type=smp_x000D_
_x000D_
Which Fast-Growing Trends Are Poised to Disrupt the Multifamily Housing Construction (Apartments) Market?_x000D_
The trend towards sustainability is becoming increasingly prominent in the multi-family housing construction industry. Companies within this sector are turning to innovative technologies to maintain their competitiveness. For instance, in November 2023, SilverDoor, a UK-based serviced apartment firm, released a unique carbon calculator specifically aimed at the serviced apartment industry. This Carbon Calculator gives a per-night estimation of CO2 emissions based on specific building metrics, enabling clients to gauge the ecological consequences of their lodging decisions. Users can compare the carbon footprint of serviced apartments with similar hotel stays by drawing on data from the Cornell Hotel Sustainability Benchmarking Index for a detailed comparison. The calculator allows accommodation providers to input their emission data for processing and compiles results customized to various apartment categories like studio, one-bedroom, or two-bedroom. This specialized tool employs a unique methodology that takes into account factors such as energy use, water usage, and laundry handling for a precise estimation of CO2 emissions._x000D_
_x000D_
What Are the Main Segments in the Multifamily Housing Construction (Apartments) Market?_x000D_
The multifamily housing construction (apartments) market covered in this report is segmented -_x000D_
_x000D_
1) By Construction Activity: New Construction, Repair And Maintenance, Refurbishment And Demolition_x000D_
2) By Cost Type: Construction Materials, Construction Equipment, Construction Services_x000D_
3) By Application: Owned, Rental_x000D_
_x000D_
Subsegments:_x000D_
1) By New Construction: Ground-Up Construction, Modular Construction, High-Rise Apartments, Low-Rise Apartments _x000D_
2) By Repair and Maintenance: Routine Maintenance, Emergency Repairs, Preventive Maintenance _x000D_
3) By Refurbishment and Demolition: Renovation and Remodeling, Structural Upgrades, Demolition of Existing Structures, Site Preparation for New Development _x000D_
_x000D_
_x000D_
Tailor your insights and customize the full report here:_x000D_
https://www.thebusinessresearchcompany.com/customise?id=9679&type=smp_x000D_
_x000D_
Which Top Companies are Driving Growth in the Multifamily Housing Construction (Apartments) Market?_x000D_
Major companies operating in the multifamily housing construction (apartments) market include PulteGroup Inc., Turner Construction Company, AECOM Technology Corporation, Greystar Real Estate Partners LLC, Balfour Beatty US, The Whiting-Turner Contracting Company, Skanska USA Inc., Gilbane Building Company, Lendlease Corporation, The Michaels Organization LLC, Clark Construction Group LLC, Lincoln Property Company, JE Dunn Construction Company, Suffolk Construction Company Inc., Alliance Residential Company LLC, The Bozzuto Group, McCarthy Building Companies Inc., Swinerton Incorporated, Ryan Companies US Inc., The Weitz Company, Mortenson Construction, Wood Partners LLC, The Richman Group of Companies, Continental Properties Company Inc., Mill Creek Residential Trust LLC, JPI Companies, Brasfield & Gorrie LLC _x000D_
_x000D_
Which Regions Will Dominate the Multifamily Housing Construction (Apartments) Market Through 2029?_x000D_
North America was the largest region in the multifamily housing construction (apartments) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global multifamily housing construction market(apartments) report during the forecast period. The regions covered in the multifamily housing construction (apartments) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
_x000D_
Purchase the full report today:_x000D_
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9679_x000D_
_x000D_
This Report Supports:_x000D_
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions._x000D_
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work._x000D_
_x000D_

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.