The latest report by IMARC Group, titled “Real Estate Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the real estate market size. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global real estate market size reached US$ 7,239 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8,654 Billion by 2032, exhibiting a growth rate (CAGR) of 1.9% during 2024-2032.
Real Estate Market Trends:
The global real estate market encompasses all aspects related to the buying, selling, and leasing of properties, including residential, commercial, and industrial spaces. Real estate serves as a significant asset class that not only provides physical space for living and business operations but also as an investment opportunity for individuals and entities. This market operates through various mechanisms such as direct purchase, property management, and investment trusts, allowing diverse methods for stakeholders to engage.
Properties in this sector are characterized by their location, value appreciation potential, and utility. The market’s robustness lies in the fundamental demand for space, which is driven by human and business needs. Advantages of investing in real estate include potential for passive income, stability, and hedge against inflation, making it a preferred choice for many investors. Real estate’s intrinsic value is derived from its limited supply and its critical role in personal and professional realms.
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Real Estate Market Scope and Growth Analysis:
The global real estate market is primarily driven by the increasing urbanization across various regions. In line with this, the growing population and expanding middle class are also providing significant impetus to the market. Moreover, the rising affluence of consumers is acting as a crucial growth-inducing factor, as more individuals can invest in property. In addition to this, the proliferation of real estate investment trusts (REITs) allows easier access to property investments, enhancing market participation. Furthermore, the adoption of technology in property transactions, through platforms that facilitate online buying, selling, and leasing, is creating lucrative opportunities in the market.
Also, the favorable interest rates in many countries are encouraging borrowing and investing in real estate, positively influencing market dynamics. The market is further driven by government policies that support homeownership through tax incentives and subsidies. Apart from this, the surge in commercial real estate demand due to the expansion of retail and office spaces is propelling the market. Other factors contributing to the market growth include the evolution of work culture that emphasizes flexible workspaces, the rising trend of eco-friendly and smart buildings due to environmental awareness, and extensive urban planning and infrastructure development.
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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.)
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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 (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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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