The Real Estate Market is being driven by Growing aggregate private investment
The Real Estate Market is expected to grow at a CAGR of 5.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1258.6 billion. In the dynamic realm of the global real estate market, companies employ an integrated marketing communication strategy to showcase their offerings. This approach utilizes various channels, including newspapers, magazines, and social media, for advertising their products and services. Strategic campaigns encompass TV advertisements, preceded by digital pre-roll, expansive social media and blogging initiatives, and engaging websites. Creative messaging bolsters brand authenticity and recognition, igniting consumer curiosity. Social media, a vital component, fosters customer engagement through visually appealing content and cultivates online brand communities. Companies additionally leverage platforms like Instagram to exhibit their existing and upcoming projects.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
202 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.6% |
Market growth 2025-2029 |
USD 1258.6 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
5.0 |
Key countries |
US, China, Japan, India, South Korea, Australia, Canada, UK, Germany, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Real Estate Market is experiencing a surge due to increasing population demands for personal household space. Commercial real estate is thriving, with a home sales rebound driving the market. Innovations like live-streaming rooms cater to modern housing needs. Economic and local market conditions influence investment in fully furnished, semi-furnished, or unfurnished properties, as well as rental properties. Offline and online transactions shape the landscape. Land, improvements, buildings, fixtures, roads, structures, utility systems, and undeveloped property or vacant land are key elements. Interest rates and economic conditions are crucial investment considerations.
The global construction and engineering market encompasses businesses specializing in non-residential construction, comprising engineering service providers and Engineering, Procurement, and Construction (EPC) contractors. Notably, this sector excludes entities involved in residential construction. Key growth drivers for the market include the escalating investment in urban infrastructure, necessitated by expanding populations and heightened demand for commercial real estate. Furthermore, the rebound in home sales, the emergence of live-streaming rooms, and the increasing housing demand, particularly among millennials, are propelling the residential property sector. Consequently, the homeownership rate is anticipated to rise, thereby fueling the construction and engineering market's expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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