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Rapid Urbanization Fuels Demand For New Residential Buildings Driving Land Planning And Development Market Growth: Powering Innovation and Expansion in the Land Planning And Development Market by 2025
Land Planning And Development
What Is the Expected CAGR for the Land Planning And Development Market Through 2025?
Recent years have seen significant growth in the size of the land planning and development market. The sector, which was valued at $209.49 billion in 2024, is predicted to surge to $225.6 billion in 2025, representing a compound annual growth rate (CAGR) of 7.7%. Factors like population growth, economic climate, urbanization, government spending on infrastructure, and environmental rules have contributed to this historical growth.
What's the Projected Size of the Global Land Planning And Development Market by 2029?
Predictions indicate that the land planning and development market is poised for robust expansion in the coming years. The market is projected to escalate to $311.16 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.4%. This growth during the projected period can be associated with factors such as green initiatives and sustainability efforts, incorporation of technology, demand for affordable housing, the aging demographic, as well as governmental policies and incentives. The forecast period is also expected to see significant trends such as mixed-use developments, application of technology in urban planning and development, modular and prefabricated construction, community involvement and co-creation, and the emergence of communities catered for aging-in-place.
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Top Growth Drivers in the Land Planning And Development Industry: What's Accelerating the Market?
The expected surge in urban population, primed to escalate the need for new residential constructions during the projected phase. The UN World Urbanization Prospects report states that, worldwide, over two-thirds, i.e., 60% of the people will be urban dwellers by 2050. For example, the countries of Asia like Indonesia, Vietnam, and the Philippines are gearing up for potentially vast opportunities due to their increasing propensity for export-oriented industries. As per the World Bank, there will be a growth of 250 million in the urban populace of South Asia by 2030. This swift shift towards urbanization is set to stimulate the need for new infrastructure, consequently propelling the land planning and development market during the predicted phase.
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What Trends Will Shape the Land Planning And Development Market Through 2029 and Beyond?
Firms specializing in land planning and development are turning to progressive technologies like drones to streamline their land development projects. Drones, also known as unmanned aerial vehicles (UAVs), are equipped with advanced communication technologies and are operated remotely. These UAVs are deployed in land development for various tasks such as taking panoramic photos for promotional or communication purposes, determining earthwork volumes, mapping elevations, and conducting environmental evaluations. The landscape during land development can undergo daily changes, thereby necessitating project managers to track these alterations and accurately measure the advancement. Drones facilitate data collection, keeping project managers updated on the project status and assisting them in making informed decisions.
What Are the Main Segments in the Land Planning And Development Market?
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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Which Top Companies are Driving Growth in the Land Planning And Development Market?
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 Regions Will Dominate the Land Planning And Development Market Through 2029?
Asia-Pacific was the largest region in the land planning and development market in 2024. 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.
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