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Real Estate Market Report, Growth and Forecast 2023-2028

by Maria James

Real Estate Market Overview:

According to IMARC Group latest report titled “Real Estate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on real estate market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global real estate market size reached US$ 7,063 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7,954 Billion by 2028, exhibiting a growth rate (CAGR) of 1.8% during 2023-2028.

Real estate refers to the land, including the air above it, the ground below it, and any buildings or structures on it. It encompasses residential housing, commercial offices, trading spaces such as theatres, hotels, restaurants, retail outlets, industrial buildings such as factories, and Government buildings. It involves purchasing, selling, and developing land, residential and non-residen­tial buildings. The leading players are landlords, developers, builders, real estate agents, tenants, and buyers. The activities of the real estate industry cover the housing and construction sectors. The real estate industry is a major employment driver due to the chain of backward and forward linkages that the industry has with the other sectors of the economy, especially the housing and construction industry. The real estate market is a vital part of the global economy and has a significant impact on all aspects of life.

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Market Trends:

The global market is majorly driven by the increasing demand for personal household space. In line with this, potential buyers are beginning to ramp up their search for and purchase of homes, significantly contributing to the growth of the real estate market. Furthermore, the rising initiatives taken by the government of various countries are likely to positively influence market expansion. Apart from this, the growing infrastructure developments and the escalating number of residential and commercial projects worldwide are catalyzing the market. Moreover, the leading players in the market are diversifying their services to maintain their market share. Besides, rapid urbanization and the increasing population are propelling the market. In addition, the emerging trend of nuclear families and the rising expenditure capacities of consumers are anticipated to drive the market toward growth.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • American Tower Corporation
  • Aston Pearl Real Estate Broker
  • Ayala Land Inc. (Ayala Corporation)
  • Cbre Group Inc.
  • Colliers International
  • Gecina
  • Jones Lang Lasalle Incorporated
  • Prologis Inc.
  • Reliance Relocation Services
  • SEGRO plc
  • Simon Property Group Inc.
  • Wanda Group (Dalian Hexing Investment Co. Ltd.)
Real Estate Market Segmentation:

Our report has categorized the market based on region, property, business and mode.

Breakup by Property:
  • Residential
  • Commercial
  • Industrial
  • Land
Breakup by Business:
  • Sales
  • Rental

Breakup by Mode:

  • Online
  • Offline

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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