Press release
Residential Land Planning And Development Market Growth, Size, And Overview By 2024-2033
Residential Land Planning And Development Market
The residential land planning and development market size is expected to see rapid growth in the next few years. It will grow to $236.02 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to sustainability and green initiatives, technology integration, affordable housing needs, aging population, government policies and incentives. Major trends in the forecast period include mixed-use developments, the integration of technology in urban planning and development, modular and prefabricated construction, community engagement and co-creation, aging-in-place communities.
Market Overview -
Residential land development is the process of designing, organizing, and preparing for the future use of land for residential purposes.
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Technological Advancements Propels Residential Land Planning And Development Market Growth
Technological development will be a key driver of the residential land planning and development market during the forecast period. Areas of rapid technological change include smart highways, 3D concrete printing, drone surveying, kinetic roads, tiny housesiod. Areas of rapid technological change include smart highways, 3D concrete printing, drone surveying, kinetic roads, 'tiny houses,' and solar roads. Due to the advancement in technology, the demand for better infrastructure will increase, which will further positively impact the growth in the residential land planning and development market.
Competitive Landscape -
Major companies operating in the residential land planning and development market include China State Construction Engineering Corporation Ltd., Risesun Real Estate Development Co Ltd, Xiamen C&D, Eiffage SA, Greenland Holding Group, Shimizu Corporation, KB Home, Brookfield Asset Management, Jardine Matheson, Skanska Group, Bumo, Toll Brothers Inc., Lennar Corporation, D.R. Horton Inc., PulteGroup Inc., Meritage Homes Corporation, M/I Homes Inc., NVR Inc., Beazer Homes USA Inc., Hovnanian Enterprises Inc., The Ryland Group Inc., Standard Pacific Corp., William Lyon Homes Inc., AV Homes Inc., Century Communities Inc., LGI Homes Inc., Green Brick Partners Inc., TRI Pointe Group Inc., CalAtlantic Group Inc.
The Emerging Role Of Augmented Reality Technology In Residential Land Planning And Development Market
Technologies such as augmented reality (AR) are gaining popularity in the residential land planning and development market for faster construction and to cut costs associated with construction. Augmented reality is the real world supplemented with computer-generated sensory inputs, allowing the creation of a 3-dimensional model of a construction design to interact realistically. These technologies benefit the construction industry by reducing rework, increasing quality, lowering labor costs, meeting timelines, improving safety and customer experience, streamlining collaboration, design analysis, measuring accuracy, construction project management, and presentation of plans. Some of the major construction companies utilizing AR technology are McCarthy Building Companies, Mortensen Construction Companies, BNBuilders, Inc., and ISG, Global Construction Services Company.
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Key Segments -
The residential land planning and development market covered in this report is segmented -
1) By Type: Houses And Housing Estate Developments, Apartments And Other Residential Developments
2) By Service Provider: Large Chain Companies, Independent Contractors
3) By Construction: New Construction, Renovation
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamic
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