The Multifamily Housing Construction (Apartments) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Multifamily Housing Construction (Apartments) Global Market Report 2024, The multifamily housing construction (apartments) market size has grown strongly in recent years. It will grow from $816.88 billion in 2023 to $887.81 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to demographic trends, economic conditions and urbanization, interest rates and financing, rental market dynamics, social and cultural shifts.
The multifamily housing construction (apartments) market size is expected to see strong growth in the next few years. It will grow to $1265.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to changing work and living patterns, affordability challenges, sustainable and green building practices, urban redevelopment and mixed-use projects, demographic changes and aging population. Major trends in the forecast period include technology integration in residential spaces, urbanization and mixed-use developments, technology integration in amenities, adaptable and flexible spaces, wellness and health-centric design.
The population growth is expected to propel the growth of the multi-family housing construction(apartments) market. Population growth is the annual average rate of change in population size for a certain nation, territory, or geographic area over a given time period. As there is an increase in population many number of people have to be accommodated which increases the multi-family housing construction as well. For instance, according to UN an intergovernmental organization the global human population reached 8.0 billion in mid-November 2022 from 7.79 billion in 2020. Therefore, the population growth is driving the growth of multi-family housing construction market.
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The multifamily housing construction (apartments) market covered in this report is segmented –
1) By Construction Activity: New Construction, Repair And Maintenance, Refurbishment And Demolition
2) By Cost Type: Construction Materials, Construction Equipment, Construction Services
3) By Application: Owned, Rental
Major companies in the multifamily housing construction (apartments) market are focused on developing advanced tools, such as carbon emissions calculators, to empower customers and gain a competitive edge in the market. Carbon emissions Calculator is a tool that calculates and compares carbon emissions data based on specific factors such as water and energy consumption. For instance, in November 2023, SilverDoor, a UK-based company that specializes in the provision of serviced apartments, launched Carbon Calculator for the serviced apartment sector, allowing users to calculate and compare carbon emissions data. The tool uses a proprietary methodology based on building-specific water and energy consumption to estimate per night CO2 emissions for stays in serviced apartments. The emissions score is displayed on property profiles in the SilverDoor platform and is compared to an equivalent hotel stay based on the Cornell Hotel Sustainability Benchmarking Index.
The multifamily housing construction (apartments) market report table of contents includes:
- Executive Summary
- Multifamily Housing Construction (Apartments) Market Characteristics
- Multifamily Housing Construction (Apartments) Market Trends And Strategies
- Multifamily Housing Construction (Apartments) Market - Macro Economic Scenario
- Global Multifamily Housing Construction (Apartments) Market Size and Growth
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- Global Multifamily Housing Construction (Apartments) Market Competitive Benchmarking
- Global Multifamily Housing Construction (Apartments) Market Competitive Dashboard
- Key Mergers And Acquisitions In Multifamily Housing Construction (Apartments) Market
- Multifamily Housing Construction (Apartments) Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- PulteGroup Inc.
- Turner Construction Company
- AECOM Technology Corporation
- Greystar Real Estate Partners LLC
- Balfour Beatty US
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The Business Research Company published its Multifamily Modular And Prefabricated Housing Construction Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Multifamily Modular And Prefabricated Housing Construction market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the Multifamily Modular And Prefabricated Housing Construction market’s segments-1) By Type: Permanent; Relocatable2) By Material: Steel; Precast Concrete; Wood; Plastic; Others.View Complete Report:https://www.thebusinessresearchcompany.com/report/multifamily-modular-and-prefabricated-housing-construction-market-global-report-2020-30-covid-19-growth-and-changeMultifamily Modular And Prefabricated Housing Construction Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global multifamily modular and prefabricated housing construction market is expected to decline from $21.13 billion in 2019 to $18.79 billion in 2020 at a compound annual growth rate (CAGR) of -11.1%.
The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities.
The entire supply chain has been disrupted, impacting the market negatively.
Homebuyers are looking for the blooming suburban areas of Mumbai for their new home because of problems like space deficiency, over-crowding and affordability in the city.
Reasons like these have made a once industrial and polluted region become favourable amongst homebuyers and hence they prefer buying flats in Thane.
All the important roads in the city such as EEH, Pokhran Road 1 and 2 and GB lead to the elite neighbourhoods of Thane, thus making connectivity a major plus point.
Projects in Thane offer easy connectivity to schools, colleges, playgrounds, multiplexes and other necessary destinations as well.
Youths can relish in great alternatives with close proximity to water parks, amusement parks, scenic locations like Yeoor hills, Tiger hilltop, etc.
The present state of major business centres of Mumbai like Bandra-Kurla Complex (BKC), Lower Parel, Powai are facing problems like saturation and space deficiency.
Thane is an essential part of the MMR- Mumbai Metropolitan Region and on the prime focus of the Government of Maharashtra for the development of the MMR.
Many buyers are being attracted towards this booming hub of both residential and commercial opportunities.
Considering everything, investing in an apartment in Thane is a wise step in the long run.
Places like Ovalekar Wadi Butterfly Garden, a unique garden which breeds 132 species of butterfly in their natural surroundings, 4 to 5-star recreational clubs nestled in the picturesque greenery like The Blue Roof Club, The Golden Swan Club, United-21, etc.
ft. Today’s homebuyers are looking for a home that goes way beyond quality construction at a prime location with basic amenities like a sports centre, a swimming pool and a kids' play area.
A place that not only takes care of their growing needs with a banquet hall, multi-purpose recreational zone, outdoor games, gazebo, etc.
