Global Land Planning and Development Market Soars, Predicted to Reach $266.9 Billion by 2027

The Business Research Company’s Land Planning And Development Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, December 7, 2023 /EINPresswire.com/ — The global land planning and development market is experiencing substantial growth, surging from $168.48 billion in 2022 to $185.22 billion in 2023, registering an impressive Compound Annual Growth Rate (CAGR) of 9.9%. Projections indicate a continued upward trajectory, with the market poised to reach $266.9 billion by 2027, reflecting a CAGR of 9.6%.

Rapid Urbanization Drives Market Expansion
The escalating urban population worldwide is anticipated to fuel the demand for new residential buildings throughout the forecast period. The UN World Urbanization Prospects report projects that over two-thirds (60%) of the global population will reside in cities by 2050. Notably, significant opportunities are expected in Asian countries like Indonesia, Vietnam, and the Philippines, which are gaining popularity for export-oriented manufacturing. The World Bank estimates a growth of 250 million in the urban population of South Asia by 2030. This swift urbanization is set to drive the demand for new infrastructure, propelling the land planning and development market.

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Key Players Shaping the Landscape
Major players contributing to the vibrant landscape of 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, and Eiffage SA.

Innovation Spotlight: Drone Technology
Land planning and development companies are leveraging cutting-edge technologies such as drones to enhance the efficiency of land development projects. Drones, unmanned aerial vehicles (UAVs) equipped with communication technologies and remote control, find diverse applications in land development, including capturing panoramic images for marketing, earthwork volume calculations, elevation mapping, and environmental analysis. The dynamic nature of terrain during land development requires constant monitoring, and drones play a pivotal role in collecting real-time data, enabling project managers to make informed decisions and monitor project progress accurately.

Market Segmentation:
•Type: Residential Land Planning and Development, Commercial and Institutional Land Planning and Development, Industrial Land Planning and Development
•Ownership: Chained, Standalone
•Service: Online, Offline

Subsegments Covered: Houses and Housing Estate Developments, Apartments and Other Residential Developments

Regional Landscape:
Asia-Pacific emerged as the largest region in the land planning and development market in 2022, with North America following as the second-largest region. The comprehensive regions covered in the land planning and development report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Land Planning And Development Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Land Planning And Development Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on land planning and development market size, land planning and development market drivers and trends, land planning and development market major players, land planning and development market competitors’ revenues, land planning and development market positioning, and land planning and development market growth across geographies. The land planning and development market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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